Silver as an investment

82% of Wall Street Bank Analysts Have a Buy Rating on Citigroup: Run for Cover

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

82% of Wall Street Bank Analysts Have a Buy Rating on Citigroup: Run for Cover

By Pam Martens and Russ Martens: July 25, 2019 ~ If you are buying stocks based on what your stockbroker (a/k/a “financial advisor”) is telling you the research analysts at his brokerage firm are recommending, our headline above should provide a cautionary warning. On July 21, Philip Van Doorn, a reporter for Dow Jones’ MarketWatch, published a chart showing that 82 percent of bank research analysts on Wall Street have a “buy” rating on the stock of Citigroup. According to MarketBeat.com, among the stock analysts making “buy,” “outperform,” or “overweight,” recommendations on Citigroup are those receiving a paycheck from Goldman Sachs, Credit Suisse, Morgan Stanley, JPMorgan, Deutsche Bank, UBS, and Bank of America – all of whom have a vested interest in wanting Citigroup – and each other — to stay strong because they are all interconnected as derivative counterparties. All of these banks are in a unique position to … Continue reading