Dick Bove thinks any move by Citigroup (C +2.7% premarket) to exit the government's patronage by...

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

Dick Bove thinks any move by Citigroup (C +2.7% premarket) to exit the government's patronage by selling shares to the public is asinine, and will trigger a selloff: "Citigroup is expected to lose money in Q3," Bove says. "Q4's projected profit is open to question. There is no basis for assuming shareholders should put new funds into this company."