Group 1 - The article discusses the performance of Western Union (WU), noting a nearly 25% decline in stock price since May of the previous year, despite the analyst's previous hold rating [1] - The focus is on identifying companies with strong balance sheets and competitive advantages, aiming to purchase shares when they are undervalued in the market [1]

Core Viewpoint - Citigroup offers a 3.5% forward dividend yield, which is higher than the average of 2.6% for banks, but its historical performance raises concerns about its reliability compared to TD Bank, which has a more consistent dividend and a yield of around 5% [1][8][11] Group 1: Citigroup's Historical Context - Citigroup faced significant challenges during the Great Recession, leading to a government bailout and a drastic cut in its dividend from $3.20 per share per quarter to just one penny [2][3] - The bank's dividend has increased over 1,000% in the past decade, but its stock price has only risen by about 15%, indicating a lack of strong investment performance [4] Group 2: Comparison with TD Bank - TD Bank has maintained its dividend during economic downturns, including the Great Recession, benefiting from strict Canadian banking regulations that support its market position [6][8] - Despite facing regulatory issues in its U.S. operations, TD Bank's strong foundation in Canada allows it to offer a more reliable dividend and a higher yield compared to Citigroup [9][10] - Overall, TD Bank presents a more attractive long-term investment opportunity due to its consistent business performance and higher dividend yield [11]