January 18, 2011

THANKS, TARP:

Is Citi about to leave the dog house? (Colin Barr, January 17, 2011, Fortune)

[R]eturning to the black may not be the biggest shift ahead for Citi, even after two years of massive losses and controversial taxpayer assistance. Some are expecting the bank to build on Treasury's stock sale last month and finally trim its massive, bailout-bloated share base.

Doing so wouldn't change the company's market value, lately$150 billion or so. But it would make each share more valuable and could send Citi's stock price, which hasn't touched $10 since Nov. 14, 2008, out of penny stock territory and back to levels inhabited by hot stocks such as, of all things, AIG (AIG).

Posted by Orrin Judd at January 18, 2011 5:37 AM
blog comments powered by Disqus
« SOMEONE'S DAYS AS A TEA PARTY FAVORITE ARE NUMBERED: | Main | DRINKING THE BUSH LITE: »