Citigroup Inc. (C)

It's struggled since before the 2008 recession and has never righted itself. He prefers MS and Goldman. Citi will continue to struggle.

He likes it if you want that international exposure. It will be more volatile than JPM-N or BAC-N because of that exposure. You can get paid very well in markets outside of the US but they carry higher levels of risk.

BAC vs C? He bought BAC-N at $6 and expects it to go towards $40. He could see people buying it on momentum. He does not know C-N as well. He would not race in to buy either one at these levels. It was a sector way out of favour back in 2008, when he bought in.

BAC vs. JPM Driving US banks is a strong economy and flat yield curve. Unlike last year, bank movement now will be on a valuation basis. JPM trades at a 50% premium to book value, and BAC at book value, but Citibank (which he owns) trades at 70% book value and is narrowing that gap. Citi is his choice.

BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.

BAC-N vs C-N? When Donald Trump became President, he bought both these stocks. He thinks BAC-N can go to $36.84 and stays around his definition of book value. C-N has moved up on positive fundamentals and he sees $114 as value. He would prefer C over BAC-N. Both should do well in the long run.

BAC vs. Citigroup if a recession happens He owns both, but he prefers Citigroup, because it has a lower valuation, trading below tangible book value and pays a higher dividend. Citi is viewed as an international bank, whereas BAC is viewed as American. The upside is better at Citi in the coming years.