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Bank Of America And Citibank January Seasonality

|Includes: BAC, Citigroup Inc. (C)

At Seasonal Odds we examined how Bank of America (NYSE:BAC) and Citigroup (NYSE:C) typically perform in January. While the markets usually face a difficult January overall, Citigroup has historically proven an especially negative outlier, dropping 7.92% on average in January over the last 5 years, compared to a 1.51% loss in the S&P 500. Bank of America also declines more precipitously than does the overall market, losing on average 6.88% in January over the last 5 years.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.