Better Buy: Citigroup vs. Wells Fargo
The current environment is interesting for the banking sector. While just about every bank has been forced to take big pandemic-related writedowns, the economy seems to be on the mend now (although there is still plenty of wood to chop to reach pre-COVID-19 levels). This means we are close to the point where the whole sector can flip from out of favor to in favor.
Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) are two of the biggest banks in the U.S. If the worst has indeed passed for the banking sector, which one would make a better investment?
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Source Fool.com
