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  • Financials with Huge Upside Potential - Citigroup Inc. and Bank of America Corp.

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    Thursday Dec. 23, 2010, 09:34 am EST
    Stocks Ready to Move - Citigroup Inc., Bank of America Corp.
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    C - Citigroup Inc. (NYSE:C)
    There is no doubt Citigroup Inc.(NYSE:C) is one of the stocks with Huge upside potential. Citigroup Inc. (NYSE:C) has still maintained its popularity and is the most traded stock by volume almost on any given day. The company is continuing its efforts in reducing legacy positions. As a result of getting Federal  aid and several restructuring initiatives, Citigroup Inc. (NYSE:C) has achieved a solid capital base. Citigroup Inc. (NYSE:C) also has a huge amount of loan loss reserves. After the recent sale of shares by government, Citigroup Inc. (NYSE:C) shares have gained considerably. Citicorp, which is its core business, remains attractive and profitable while further sale and restructuring of Citi Holdings, Citigroup's non-core business will make it stronger.

    BAC- Bank of America Corp. (NYSE:BAC)
    Shares of Bank of America Corp. (NYSE:BAC) gained 40 cents (3.08%) on Wednesday closing the day at $13.38. Although the foreclosures issue continues to receive scrutiny, good thing is that Bank of America has resumed foreclosures. The major threat to Bank of America Corp. (NYSE:BAC) in the near future could be from WikiLeaks. If the data with WikiLeaks is related to BofA and if it is really dangerous and capable of doing damage, shares of Bank of America Corp. (NYSE:BAC) might drop again. Other than that, markets are looking positive and there are good chances of BofA shares to gain on excellent earnings. Q4 earnings are scheduled to be announced on January 21, 2011.

    God Bless,
    Be Rich.


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