Citigroup's Disappointing Earnings
Jan 18th 2013 5:06PM
Updated Jan 18th 2013 6:05PM
Citigroup's earnings missed big this quarter, and investors were very disappointed. While it was one of the few banks that did actually move against the trend of compressing net interest margins to raise its NIM year over year, that margin is still lower than most other banks. In this video, Motley Fool financial analyst Matt Koppenheffer tells us that he sees the bank in an identity crisis right now, with both the bank, and its new CEO Mike Corbat, really needing to work on a clearer focus for what they want for Citigroup's future.
Citigroup's stock looks tantalizingly cheap. Yet, the bank's balance sheet is still in need of more repair, and there's a considerable amount of uncertainty after a shocking management shakeup. Should investors be treading carefully, or jumping on an opportunity to buy? To help figure out whether Citigroup deserves a spot on your watchlist, I invite you to read our premium research report on the bank today. We'll fill you in on both reasons to buy and reasons to sell Citigroup, and what areas that Citigroup investors need to watch going forward. Click here now for instant access to our best expert's take on Citigroup.
The article Citigroup's Disappointing Earnings originally appeared on Fool.com.Fool contributor Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool owns shares of Citigroup Inc . Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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