Top Bank Stocks To Own Right Now

Top Bank Stocks To Own Right Now: Citigroup Inc.(C)

Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services. The company operates through two segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Regional Consumer Banking and Institutional Clients Group. The Regional Consumer Banking business provides traditional banking services, including retail banking, and branded cards in North America, Asia, Latin America, Europe, the Middle East, and Africa. The Institutional Clients Group business provides securities and banking services comprising investment banking and advisory services, lending, debt and equity sales and trading, institutional brokerage, foreign exchange, structured products, cash instruments and related derivatives, and private banking; and transaction services consisting of treasury and trade solutions, and securiti es and fund services. The Citi Holdings segment operates Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool businesses. The Brokerage and Asset Management Business, through its 49% stake in Morgan Stanley Smith Barney joint venture and Nikko Cordial Securities, offers retail brokerage and asset management services. The Local Consumer Lending business provides residential mortgage loans, retail partner card loans, personal loans, commercial real estate, and other consumer loans, as well as western European cards and retail banking services. The Special Asset Pool business is a portfolio of securities, loans, and other assets. Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 160 countries. The company was founded in 1812 and is based in New York, New York.

Advisors' Opinion:

• [By Dan Caplinger]

  The fact that more young people have chosen not to carry balances and pay ! high interest rates for unnecessary loans is an unqualifiedly positive result. Yet not having credit cards at all is one step too far, as it prevents young adults from enjoying many benefits that credit cards have over alternatives:

  Credit cards offer built-in protection from fraudulent charges, with a dispute mechanism allowing you to question charges on your account. The law limits your liability for credit card losses at $50 even if you don't make a report until well after those charges are made. By contrast, the Electronic Fund Transfer Act sets a much higher liability limit of $500 if you don't report a loss promptly after you find out about it, and you could be responsible for all the losses if you wait more than 60 days after a statement is sent. That's at least one reason why major banks Prudent credit card use is the best way to establish a credit history that can help you improve your chances of qualifying for a mortgage, obtaining a car loan, or even seemingly unrelated things like getting a job. Certain transactions are a major hassle without a credit card. For car rentals, for instance, companies will often debit your checking account immediately for a deposit, yet a credit card authorization is sufficient without an immediate charge for credit card users. Many credit cards offer much more lucrative rewards like cash back or airline miles than you'll find with debit cards. The threat of future debit-card fees still exists. Even though Bank of America (NYSE: BAC  ) , Wells Fargo (NYSE: WFC  ) , and Citigroup (NYSE: C  ) all backed down from test programs or plans to start imposing fees for debit cards a couple years ago, there's nothing stopping them from potentially doing so in the future.

  Many millennials answer these objections by arguing that they don't want to add to their debt levels. Yet there's no requirement that you mi

• [By Sean Williams]

  You have no idea how long I've been holstering that joke, but it's actually no jok! e that Ci! tigroup (NYSE: C  ) and JPMorgan Chase (NYSE: JPM  ) are both looking to Iraq as a new source of growth.

• [By Diane Alter]

  Citigroup Inc. (NYSE: C) top analyst Tom Fitzpatrick came out with bullish comments on silver and gold this week. Fitzpatrick told King World News Wednesday that the price of gold could experience a 150% super-surge, and silver a whopping 300% jump.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-bank-stocks-to-own-right-now-5.html