Cramer Sees Citigroup (C) At $12 In 2012

CNBC's Mad Money Jim Cramer thinks that Citigroup (NYSE: C) is a good long term investment. He believes in Citigroup's (C) CEO Vikram Pandit and thinks that he will ultimately bring value.

Cramer believes that Citigroup could reach $12 in 2012 and thinks that investors should buy this stock. He added that Citigroup is not as good as Wells Fargo (NYSE: WFC) or Bank of America (NYSE: BAC)

WFC is currently up 2.14%, amd BAC trades 2.25% up. Financial sector is mostly up and so is Financial Select Sector SPDR (ETF) (NYSE: XLF) which trades 1.08% up.