Where do you see Citi stock in 3-5 years?

Question

Some banks may go under, but if you're willing to wait, do you think that bank stocks (big banks) are a good investment? They will probably be able to acquire other bank assets for cheap. Further, if a stock like C goes under, we (in the U.S.) will have financial troubles way beyond most of our comprehensions.

Answer 1

I think well run big banks like BAC and WFC are good investments long-term.  With smaller regional banks going under, the bigger banks are going to get even more market share.  If you have the intestinal fortitude to ride out the storm in 3-5 years these banks will be even stronger.

Answer 2

I bought the stock as I think it will be double in 3 years.  There will be pain in the near term.  They have the resources to survive.