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Investing in Financials: Who Will be Left Standing? | PowerOptions Web Log
Bankruptcies, bailouts and bad loans have rocked the financial industry. For investors, this bad news may provide good opportunities to buy low. Let’s take a look at some companies that look to be in the best shape to survive the current crisis and profit once it’s passed. CITIGROUP INC. (C) A discussion of the current financial crisis must include Citigroup. With over 200 million customer accounts in more than 100 countries, Citigroup provides consumers, corporations, governments, and institutions with a broad range of financial services. Stock option search with backtesting Sign up now for PowerOptions free 14-day trial Citigroup stock has plummeted sharply over the past year, reaching a 15-year low in mid November. The federal government, fearing what a Citi collapse would do to the financial markets, saved the company with a $25 billion dollar bailout soon thereafter. Although Citi stock rose sharply after news of the bailout, it’s...