Citigroup (NYSE: C) is a blue-chip stock on sale, with its shares recently down almost 20% from their 52-week highs. One of the biggest banks in the world, Citigroup has been pressured by the pandemic and fears of what it might do to Citigroup’s business. Low interest rates have also hurt its ability to generate meaningful interest income, while employee errors also cost the company.
Citigroup is soon to be under new management, though, with incoming CEO Jane Fraser – the first woman ever to lead a large Wall Street bank. It’s spending more than $1 billion to improve internal controls, and reports, “The entire management team is committed
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