Despite a solid move of the 2020 lows, this top money center bank is still trading almost 20% below levels from early last year. Citigroup Inc. (NYSE: C) has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
Trading at a still very cheap 9.9 times estimated 2021 earnings, this stock looks very reasonable in what remains a volatile stock market and in a sector that has lagged dramatically.
Citigroup stock investors receive 3.07% dividend. BofA Securities has a massive $100 price target, while the consensus price objective is $73.11. The shares closed trading most recently at $66.44.
Crown Castle International
Shares of this top cell tower company offers incredible growth and income possibilities. Crown Castle International Corp. (NYSE: CCI) is one of the largest U.S. wireless tower companies, with over 40,000 towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. The core business for the company is leasing space on its wireless towers primarily to wireless carriers, government agencies and broadband data providers.
Crown Castle is one of the best stocks in the group for more conservative investors as the high-yield distribution and low volatility make it a good holding for accounts seeking growth and income with less risk.
Investors receive a 3.48% distribution. The $185 BofA Securities price target compares with the $177.06 consensus target. Crown Castle International stock closed at $153.06 a share on Monday.