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CITI “PROFITABLE” IN JAN & FEB

10 March 2009 by Cullen Roche 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….

Cullen Roche

Cullen Roche

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