5 Best Falling Stocks to Buy Right Now

4. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 88

Citigroup Inc. (NYSE:C) is a global financial services holding company. It offers its services to both retail and institutional customers. These services include accounts, cards, brokerage, trade financing, and advisory services. Citigroup Inc. (NYSE:C) is headquartered in New York.

After it participated in Morgan Stanley’s financial conference in June 2022, Citigroup Inc. (NYSE:C)’s shares appreciated by as much as 4.2% with the bank highlighting the good performance in its equities division. It also raised its lending rate to 4.75% from an earlier 4% in June 2022.

By the end of its fiscal Q1, Citigroup Inc. (NYSE:C) had earned $19 billion in revenue and $2.02 in GAAP EPS for the quarter, a strong set of results that saw it beat analyst estimates for both. 88 hedge funds tracked by Insider Monkey were invested in the company. Warren Buffett’s Berkshire Hathaway is Citigroup Inc. (NYSE:C)’s largest investor. It owns 55 million shares that are worth $2.9 billion.