Citigroup Recommended by Goldman Sachs and 4 Heavily Traded Shares Changing Hands Today
Citigroup Inc. (NYSE:C): Current Price $42.36
Goldman Sachs Group Inc. told clients to bet on Citigroup Inc. shares, as new Chief Executive Officer, Michael Corbat, cuts costs and withdraws from some markets, before their fourth-quarter earnings hit, later this month. Investors should buy call options on shares of Citigroup before the bank announces its results on January 17. Calls are contracts that provide the right to buy shares at a certain price. The New York based firm also added Citigroup to their “conviction buy list,” and said shares could rise to $49 within a year.