Citigroup shares rally on heavy volume
Category Business | Tuesday, March 9th, 2010The bank, in response to potential changes in banking regulation, has designated an internal team to assess possible targets, the newspaper added.
Still, Barclays isn’t in talks with any businesses in the U.S. and no deal is imminent, the Journal’s report said.
“Citi is still a work in progress,” the research firm wrote in a report issued late Monday, nothing that the bank’s debt and equity should benefit from its branch-light configuration, international consumer exposure and improving liquidity. Citigroup’s stock “is just plain cheap,” CreditSights added.