Home » Most Recent Stories

CITI “PROFITABLE” IN JAN & FEB

10 March 2009 by TPC 0 Comments

Vikram Pandit is out with a memo to employees saying the firm experienced it’s best quarter since 2007. He continues by saying the firm’s capital is “strong”. The stock is up 19% in the pre-market with financials getting a 6% lift across the board. Conflicting reports, however, say the government is planning their next move with Citi just weeks after it’s most recent capital infusion. I guess any news is good news when you’ve got one foot in the grave….

VN:F [1.8.5_1061]
Rating: 0.0/10 (0 votes cast)

Comments are closed.