Citigroup (C +2%) gains after CEO Mike Corbat sounds like a strong hand, telling Bloomberg he's...


Citigroup (C +2%) gains after CEO Mike Corbat sounds like a strong hand, telling Bloomberg he's willing to sell more assets, but is in no hurry. He wants to see further improvement in housing prices and securitization markets before putting anything more on offer.

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Comments (2)
  • benitus
    , contributor
    Comments (3293) | Send Message
     
    CEO Mike shouldn't dump Citi's assets in any panic attack, unless they're risky ventures. Otherwise, shedding assets to earn a decent return is always a good idea, unless they continue to be good revenue providers, in which case, they must be retained as good investments for future growth.
    24 Jan 2013, 11:35 AM Reply Like
  • zorro2828
    , contributor
    Comments (740) | Send Message
     
    Buy stock back, increase dividend, focus on FCF and ROE .. I expect great things from C this year..
    24 Jan 2013, 11:38 AM Reply Like
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