The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies, leveraged loans and commercial real estate products to serve companies in the health care industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC and changed its name in May 2010.
Investors receive a 4.80% dividend. Citigroup has a $34 target price on Ally Financial stock. The consensus target is $32.51, and the stock closed on Thursday at $24.83.
Chevron
This integrated giant is a safer way for investors looking to get positioned in the energy sector and shares have backed up nicely. Chevron Corporation (NYSE: CVX), through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, upstream and downstream.
The upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
The downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses.
The company posted strong third-quarter results and remains one of the best ways to play energy safely.
Chevron stock comes with a 3.30% dividend. The Raymond James target price of $215 is well above the $193.63 consensus target and Thursday’s close at $173.54.
Citigroup
This top bank stock has bounced nicely off the lows, and Warren Buffett bought a massive $2.5 billion worth of shares back in the summer. Citigroup Inc. (NYSE: C) is a leading global diversified financial service company that provides consumers, corporations, governments a broad range of financial products and services.
Citigroup offers services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. It operates and does business in more than 160 countries and jurisdictions in North America, Latin America, Asia and elsewhere.
Trading at a still cheap 7.0 times estimated 20223 earnings, this stock looks very reasonable in what remains a volatile stock market and in a sector that has dramatically lagged.
Shareholders receive a 4.54% dividend. The $79 Oppenheimer price target is a Wall Street high. The consensus target for Citigroup stock is $57.15, and shares closed on Thursday at $44.69.
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