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Citigroup Faces TARP Audit. Audit完再乐观吧, 要花几个月呢. FED都害怕亏钱, 就你最勇敢

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  • Citigroup shares gain on asset sale optimism
    本文发表在 rolia.net 枫下论坛NEW YORK (Reuters) - Citigroup Inc (C.N) shares rose as much as 6 percent to their highest in more than three months on growing confidence that the embattled bank would become more profitable as it unloaded troubled assets.

    Veteran bank analyst Richard Bove, at Rochdale Securities, said some investors are betting that Citi shares will triple in three years.

    "People are buying it now in expectation of the triple because they made the decision that all of the negatives that could happen don't mean anything," Bove said.

    Citi shares were up 24 cents, or 5.8 percent, at $4.37 in early afternoon trading on the New York Stock Exchange. The shares have soared 56 percent during the past month, a bigger jump than any of their peers in the KBW Banks Index .BKX.

    Shares fell to a low of 97 cents in March as fears mounted about the firm's toxic investments and government intervention.

    Citi received $45 billion of bailout money from the U.S. Treasury's Troubled Asset Relief Program, known as TARP, and the government now owns a 34 percent stake in the company.

    But shares are rebounding after higher-than-expected second-quarter earnings and a high-level management shake-up.

    Citi shares are still well below their 52-week high of $23.50 in October.

    (Reporting by Steve Eder; Editing by Steve Orlofsky)更多精彩文章及讨论,请光临枫下论坛 rolia.net
    • Citigroup Faces TARP Audit. Audit完再乐观吧, 要花几个月呢. FED都害怕亏钱, 就你最勇敢
      • 多谢提醒,也许我是情人眼力出西施,LOL
    • the 10th-largest bank failure - Guaranty Financial Group Inc.