2 Bank Stocks to Buy With $1,000 and Hold Forever
Warren Buffett is a big fan of bank stocks. His holding company, Berkshire Hathaway, has several major investments that are directly exposed to the financial sector.
Two of Buffett's positions are particularly attractive right now. One bank is a deep value play, while the other offers compelling long-term growth potential.
Bank stocks can see their valuations fluctuate wildly during various economic ups and downs. (NYSE: C), for instance, has seen its price-to-tangible book value -- a metric that gauges how much the market is willing to pay for a company's net real assets -- range from 0.5 to 6.5 over the decades.
Source Fool.com
Citigroup Inc. Stock
€57.46
0.170%
The stock is one of the favorites of our community with 21 Buy predictions and 3 Sell predictions.
With a target price of 73 € there is a positive potential of 27.04% for Citigroup Inc. compared to the current price of 57.46 €.
