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Posts Tagged ‘WFC’

Investment Quick Pitch – Citigroup, a Good Buy Near Its 52-Week Low

In Quick Pitch on August 26, 2011 at 11:30 pm

Citigroup Inc. (C), 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 Citi Holdings segment operates Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool businesses. (Source: Yahoo finance)

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Buffett Feasts off Mr. Market’s buffet

In Articles on August 17, 2011 at 4:04 pm

The market seems jittery. As I have noted in my previous piece on Bank of America (BAC), the caveat is the obvious gloomy macroeconomic backdrop we are witnessing now. Buffet on the other hand seems to be on a buying spree, particularly on August 8’s precipitous decline, where he upped his stake in Wells Fargo & Co. (WFC). The legendary investor opined, “Banks, facing tighter regulation, can still be plenty profitable.”

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