Banks Ranked by Assets Under Management
Managing other people's money is what banks do, but this task extends beyond just overseeing deposits and making loans. Another major source of revenue that universal banks look to comes from wealth management -- i.e., helping people oversee their investments.
This is big business for banks, as you can see by looking at the assets under management held by the nation's four biggest banks at the end of the third quarter:
Bank
Source: Fool.com
Citigroup Inc. Stock
€114.42
-0.400%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
On the other hand, the target price of 114 € is below the current price of 114.42 € for Citigroup Inc., so the potential is actually -0.37%.
