Is Citigroup Stock a Buy Now?

(NYSE: C) is an industry-leading bank in the U.S. that easily stands toe to toe with other industry giants, like Bank of America (NYSE: BAC). But that isn't enough of a reason to buy Citigroup stock. Here's a look at whether this banking giant is a buy now or if it is best avoided.

Citigroup's core business is traditional banking, which it offers to both consumers and businesses. There's nothing particularly special about offering bank and checking accounts or in making mortgage and business loans. It competes with local banks as well as national peers like Bank of America in this regard. And traditional banking is a very competitive business. What sets Citigroup apart from smaller peers is its scale, since it has offices throughout the U.S. and internationally. However, that still isn't enough to separate it from the pack when it comes to competitors like Bank of America.

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Source Fool.com