Citigroup (C)

Citigroup (C) released financial results last week. The banking giant last featured on the site back in January, but that pre-COVID article feels totally redundant now. At the time, annual profit generation looked to be somewhere in the region of $17.5B, or $8.50 in per-share terms. We can essentially cut those figures in half thanks to the pandemic. Citi’s stock price has obviously followed suit…

For a lot of folks, the experience of Citigroup (C) during the global financial crisis is enough to automatically disqualify the bank as a serious long-term investment proposition. It is just the nature of things that buying bank stocks means accepting that it is easier for a management team to blow up a Citigroup than it is to blow up a Coca-Cola. I mean, prior…