Jim Cramer Says Citigroup Is a Good Stock to Own

Shares of Citigroup (C) - Get Report were down slightly on Monday after initially moving higher when analysts at KBW said the stock has 57% upside on a possible breakup. Cramer said 'don't break up Citi.' He said he's not betting against the banking giant or its CEO Michael Corbat. Cramer believes the reason Citi shares are 'undervalued has to do with the fact that the group is undervalued.' Cramer said the banks and the pharmaceuticals are 'political whipping boys.' Cramer believes Citi is a good stock to own. He said the idea of splitting up Citi and getting rid of its' international business is a 'big mistake.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.