As soon as buyback is announced, the shares will triple instantly. 28b shares down to 20b shares will increase book value to 7.00, and buying momentum will push C up to 10.00 the very same day. Short with extreme caution.
crsdh <<Where have you read info on a share buy back? Please show me the link.>>
They should pre-announce such an intention but then again, its a nobrainer. Banks want to have nothing to do with the fed, and that's why they all paid back TARP quickly. Its logical to expect Citigroup to buy the Gov's stake, which is over 8b shares. That's the buyback you can bank on. And soon.