Could Citi be buying back shares quitely right now?
If CEO and CFO are strongly believe that Citi could break that $5 barrier, then they can be legally creative by leveraging low interest rate (near 0% for big banks) to accummulate cash to buy back stocks at the low price. 1) Can't beat 0% interest from the Fed, and certainly it will boost stock valuation by reducing the number of shares floating out there. 2) Learn from Ford CEO, gather cash when you can to boost valuation, and save for rainy days. 3) The fact that Citi is beating quarterly profit expectation, and it is a leaner international company would increase long term investments return. As an investor, it is a great value. Day traders will make money, but that's like gambling. You win some and lose some!