if you was smart to buy arround $27, hats off i fyou sold over $52.25
banks made tons of money refinancing mortgages which in turn lower the profits.
as interest rise there has to be loan demand to make money if not banks cost to financing will be
higher if not hedged. the only compelying reason to buy citi would be when the US$ starts to weakean against most currencies which it will as at the end of the day growth matters. if pumping $2T free money by fed is growing economy by 2% imagine what it will be like when banks and consumers actually have to pay higher interest rates...longterm citi is the bank to own. glta