Well, Citi is a proxy for the financials. You can check this by comparing a Citi graph with an XLF graph.
And the financials are pretty much swinging up and down with the DJIA, which you can also compare.
So aside from the individual results from individual enterprises, the overall market bias is pushing down on the finanicals. You can't fight the general market. And the general market is being held down by the sub-prime mortgage mess. Therefore, there is a way to go yet with respect to the financials. In an up market 3 out of 5 stocks can do quite well. When the overall market is down, 4 out of 5 stocks suffer with it.