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Citigroup (C +5.6%) - with new management in place able to make tough decisions - is a...

Citigroup (C +5.6%) - with new management in place able to make tough decisions - is a resounding buy over Bank of America (BAC +3.8%), CLSA's Mike Mayo tells the crew on CNBC's Fast Money
Comments (3)
  • jackooo
    , contributor
    Comments (1505) | Send Message
     
    Yeah. They are doing so good.... lol lol
    Citigroup Plans Cut of Another 11,000 Jobs
    10:00a ET December 5, 2012 (Benzinga)

     

    Citigroup, Inc. (NYSE: C), the nation's third-largest bank, said that it will take a pretax charge of $1 billion this quarter in a plan that will eliminate more than 11,000 jobs, about 4 percent of its total staff.
    5 Dec 2012, 02:18 PM Reply Like
  • gussieboy
    , contributor
    Comments (26) | Send Message
     
    Seventy four year old retired broker. Been following C for years, and this is the first time I feel good about it. Have followed Mike Mayo for years too. Couldn't believe his one eighty on the stock. Maybe by divine intervention the nuns may pull this off. I like what I see about the new CEO.
    5 Dec 2012, 02:25 PM Reply Like
  • MexCom
    , contributor
    Comments (3051) | Send Message
     
    C already had its run. BAC is just starting. Short covering.
    5 Dec 2012, 04:16 PM Reply Like
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