Recent

% | $
Quotes you view appear here for quick access.

Citigroup Inc. Message Board

  • optimismiscontagious optimismiscontagious Dec 7, 2010 10:01 PM Flag

    Buyback announce tomorrow

    Mr. Pandit is expected to make an announcement tomorrow, and a buyback is the most likely statement.

    From CNBC - "it is our understanding that C would be free of TARP restrictions following the successful completion of the secondary. This would allow C to apply to the Fed to pursue establishing a dividend and/or buying back shares."

    Certainly we would expect that Citi would've arranged verification of pre-approval before the Dec. 17 deadline, and this appears to be the case. Pandit is a genius!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
C
46.58+0.47(+1.02%)May 27 4:03 PMEDT