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Trading Ideas

Citigroup, with limited options, hopes to lure deposits digitally

Citigroup Inc is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around. While big rivals grew deposits dramatically after the 2007-2009 financial crisis from their broad networks of branches, Citigroup backed out of all but six U.S. cities and closed one-third of its branches. Executives hope it can lure deposits without opening new branches, acquiring a rival or beating competitors’ rates – three ways to collect deposits with their own costs and risks. …read more […]

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Trading Ideas

2 Tech Stocks to Trade: Advanced Micro Devices and Nvidia

Many tech stocks have been under a good deal of pressure thanks in large part to trade war with China. But in the battle between bulls and bears on the price chart, an options-based pairs trade pitting Advanced Micro Devices, Inc. (NASDAQ:AMD) against Nvidia Corporation (NASDAQ:NVDA) looks like a smarter way for investors to play their own trump card. Let me explain. …read more […]