Disappointed Citigroup (C) has decided not to chance a Fed rejection by applying to return...
Tuesday, June 12, 2012, 5:08 PM ETDisappointed Citigroup (C) has decided not to chance a Fed rejection by applying to return capital to shareholders this year, Bill Ackman remains pleased the company's intrinsic value continues to grow, even if the share price doesn't. He believes share repurchases - which now will be put off until at least 2013 - will be a key catalyst for the stock price. (full letter, .pdf)
Latest Articles on Financials