Is the market underestimating the prospects for Citigroup's (C) - Get Report recovery? Jim Cramer thinks so. He has been watching this story closely, and he says this money-center bank is "the call on the next leg up in the market."

Cramer says that Citi's plan to split itself into a retail banking unit and a Citi Holdings unit will restore its value. Cramer says that since half of Citi's business is outside the U.S., it will be shielded from many of the defaults that afflict some other big banks. He says that the market will shake out the speculators and put its stock on a more secure basis.

Read about it here: "

A Citi, Divided Against Itself, Can Prosper


Also, by approving Citigroup's restructuring plan, U.S. regulators could score a much-needed victory. After the AIG and Ford struggles, this one could pay off quickly.

Read about it here: "

Feds Can Book a Big Win in Citigroup


What if you're worried about aggressive action by the FDIC? Cramer says that Citi's resilient stock is counteracting that possibility. And what about the stories of top talent leaving the bank? These stories are overblown, Cramer said. Where are those people going to go? Very few top managers have left, and one of Vikram Pandit's assets is his eye for new talent.

Read about it here: "

Dismiss Citigroup at Your Own Risk


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At the time of publication, Cramer had no positions in Citigroup. Jim Cramer is co-founder and chairman of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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