Bank of America and Citigroup -- Attractive Valuations Offset by Growing Risk
The Paragon Report Provides Equity Research on Bank of America & Citigroup
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 12/15/11 -- The US financial sector is down roughly 20 percent in 2011 as the debt crisis in Europe continues to weigh on shares. Peter Coleman, director of research at JMP Securities in San Francisco, argues that while "valuations are attractive" there is not yet a catalyst to push shares higher. Investors cite various reasons for financials to decline further, including regulations, weakness in the housing sector and fears linked to Europe's escalating debt crisis, Reuters reports. The Paragon Report examines investing opportunities in the Money Center Banking Industry and provides equity research on Bank of America Corporation (NYSE: BAC) and Citigroup, Inc. (NYSE: C). Access to the full company reports can be found at:
While Money Center Banks continue to face headwinds due to the European Debt crisis, the Fed recently announced that US financial institutions boosted loans by an average annual rate of nearly ten percent in the third quarter. This is the highest growth rate since the third quarter of 2008.
The Fed hinted that improvement in lending implied that a boost in gross domestic product in the fourth quarter might continue into 2012, despite the European debt crisis.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Money Center Banking industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. According to a recent release from the American Customer Satisfaction Index, a failed attempt to charge a monthly debit usage fee contributed to Bank of America being ranked last of the big four banks -- Citigroup, BofA, Wells Fargo and JPMorgan -- in a customer satisfaction.
Among big banks, Wells Fargo & Co and Citigroup Inc tied for first place with scores of 73 on a scale of 100. Wells Fargo was unchanged from a year ago, while Citigroup was up 6 percent.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 15.12.2011 - 13:16 Uhr
Sprache: Deutsch
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