Jim Cramer on Citi: "It's a Good Buy Here"

Citigroup Inc. (NYSE:C) is one of the stocks Jim Cramer answered questions about recently. Noting its breakout above previous resistance around $80, a caller inquired about Cramer’s outlook on the stock, and he replied:

“I think Citi’s fine. I think Citi’s fine. It’s a good buy here. I do like Wells Fargo more, but Citi’s been just a gigantic winner.”

Citigroup Inc. (NYSE:C) provides financial services, including consumer banking, credit cards, wealth management, and institutional solutions for corporations, governments, and institutions. Upon inquiry by a caller about the stock in an April episode, Cramer suggested buying the stock, as he said:

“I want you to buy Citi. It’s not my favorite. You’re absolutely right. I sold Wells, just one more consent decree knocked down. Capital One is my absolute favorite. I think you should buy that aggressively, but I like your idea.”

Since the above comment, the company’s stock is up nearly 39%.

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Disclosure: None. This article is originally published at Insider Monkey.