SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 11, 2011 08:16 ET

US Operations at Bank of America and Citigroup Beginning to Gain Momentum

The Paragon Report Provides Equity Research on Bank of America & Citigroup

NEW YORK, NY--(Marketwire - Nov 11, 2011) - Despite global economic uncertainty, some money center banks have been turning in surprisingly positive numbers. Banks that have been able to widen margins and grow revenues in the face of so many macroeconomic headwinds could be well positioned for long-term gains especially when the European debt crisis is resolved. The Paragon Report examines investing opportunities in the Money Center Banking Industry and provides equity research on Bank of America Corporation (NYSE: BAC) and Citigroup, Inc. (NYSE: C). Access to the full company reports can be found at:

Despite domestic improvements, major US Banking stocks continue to face downward pressure due to uncertainties in Europe. According to The Wall Street Journal, the latest scare, which sent the yields on Italian bonds above 7%, worried investors in US banks for two reasons: that a faltering by Italy would severely jolt the global economy, and that banks are exposed directly to any default. One clearinghouse had demanded more collateral for trading Italian bonds, signaling the market's fear.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Money Center Banking industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Bank of America said it has $1.5 billion in sovereign Italian exposure and $2.2 billion in non-sovereign. It also has an additional $2.8 billion in loans to multinational corporations based in Italy but not made in euros. Citigroup hasn't broken out its exposure to Italy, saying only it faced about $7.2 billion in net exposures, including hedges, to Greece, Ireland, Italy, Portugal and Spain.

Domestically, Money Center Banks are in far better shape. For well over a year banks have posted improved credit quality and in the second half of 2011 have begun to report adequate loan growth. Analysts said business borrowers are increasingly relying on banks for financing that they used to get from the bond markets and elsewhere.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at