Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

Citigroup: Financial Winner (Update 1)

Category : Business

Updated with Citigroup’s announcement about its revised capital plan and trust preferred share redemptions.

NEW YORK (TheStreet) — Citigroup was the winner among the largest U.S. financial names on Friday, with shares rising over 3% to close at $27.76.

The broad indexes all saw 1% gains, after President Obama said that heading into Greece’s coming elections, “it is in everybody’s interest for Greece to remain in the eurozone while respecting its commitments to reform,” and that the sooner European leaders act “carry out necessary fiscal reforms” and “promote economic growth and job creation,” the “sooner people and markets will regain some confidence and the cheaper the costs of cleanup will be down the road.” …

Click to view a price quote on C.

Click to research the Banking industry.

The rest is here: Citigroup: Financial Winner (Update 1)

Penny Stock Picks

Post to Twitter

Post a comment