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Citigroup Inc. Message Board

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  • loftyroe loftyroe Sep 11, 2008 6:33 PM Flag

    Banks are not supposed to be growth companies.

    ["They ought to trade at about the same type of PE as a utility or transportation company."]

    Unless they are in the credit card business.That's a whole new financial shoe to drop in the 4th quarter. Citi and Capital One will be big players in that debacle. People are using credit cards more for higher costing staples and becoming unemployed.

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