Who are you clowns trying to kid. There is no actual upgrade at the S & P site, just go there and see, and no news on Scottrade Elite about "C" upgrade...
The many herds of cattle that we will be selling to at a much higher price. We are the pioneers, the visionaries who bought it when it was really cheap. One day soon, people all over Wall Street will refer to us as the Citibank millionaires, and they will say "Sure wish i had bought C at 3 or 4 bucks, look at it trading for 60 bucks now".
CITIGROUP INC, BROCADE COMMUNIC SYS, PETROLEO BRASILEIRO S.A. ADS, VALSPAR CORP 2009-08-17 16:00:14
S&P UPGRADES RECOMMENDATION ON SHARES OF CITIGROUP TO BUY FROM HOLD(C3.99 **** ) : Based on relative valuation of other larger banks, and given weakness in the markets today, we think C's shares hold value. We are further encouraged by stabilizing credit card default trends. Indeed, C's credit card defaults declined on a sequential monthly basis in July to 10.03% from 10.51%. On a valuation basis, we note that C is trading at only 0.94X our estimate of current tangible book value vs. 1.40X TBV for peers. With capital issues likely behind C, we are raising our target price $1 to $5, a below historical 1.15X our tangible book value estimate.