Citigroup: A Likely Winner From Credit Suisse Collapse

Mar. 25, 2023 10:44 AM ETCitigroup Inc. (C) StockC69 Comments
IP Banking Research
10.82K Followers

Summary

  • With every banking crisis, there are winners and losers.
  • Citi is a flight to quality trade in these turbulent times.
  • The Credit Suisse collapse is benefiting Citi's wealth management strategy.
  • UBS is trying to stem the outflows but it is probably too little too late.
  • Citi is very well-positioned to come out strongly once the banking crisis subsides.
Citigroup Announces 53,000 New Job Cuts

Chris Hondros

Restructuring a large investment bank is a complex matter. Whilst credible execution is a key ingredient, the CEO also needs a good measure of luck. By that I mean, a favorable macro environment that would support its business model profitability during the transition period. The

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of UBS, C either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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