$Citigroup(C)$ is the 4th largest bank in the States,established in 1812.  It has caught my attention recently for its new business strategy, selling consumer banking to focus on wealth management.

Another reason is that its share price has fallen from 52 week high of $74.64 to last closing price of $45.96. It also pays annual dividend of $2.04, representing about 4.5% yield. 

I am not buying now. I am monitoring only, waiting for announcement of FED rate hike before making a decision.

If it drops further then, I may see it as an opportunity to acquire some of its shares to reap some capital gains when economy recovers from its current recessionary environment. And meanwhile enjoying its quarterly dividends payout of 51c.

Patience is needed for banks stocks, be it local or global banks. But I am pretty confident they will rise in the long term.

Trade according to your time horizon and investment objective as usual. Our liking and preference may not align when come to picking stocks. 

Best wishes.