(NYSE: C) is a household name in banking. Its business goes well beyond the local bank branch on the street corner. But is this diversified industry giant worth buying today or should investors tread with a little caution? There are important history and valuation issues to consider.
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Although Citigroup is an iconic bank that has been around for a long time, its history contains some rough patches. The most recent trouble spot came up during the deep recession between 2007 and 2009, which has been dubbed the Great Recession. During that financially led global crisis, Citigroup's stock collapsed by 98%!
Source Fool.com