More on Citigroup (C): Bank management hinted they were going to play it safe on their capital...

|About: Citigroup Inc. (C)|By:, SA News Editor

More on Citigroup (C): Bank management hinted they were going to play it safe on their capital request and they did. The bank earned about $7.3B over the last year - a $1.2B buyback and $0.01 dividend amounts to a payout ratio of less than 20%, far less than what had been hoped for. Shares +1.4% AH.