Huge difference here with C than when BAC failed test last year. Bank asked to raise dividend, and got their butt handed to them. They were told go home and raise capital, and raise alot of capital. They had to sell China bank and other assets. Made deals with Buffett etc. Since then bac up 33%.
C was told resubmit, lower dividend request...to under 10 billion, to the 8.5-9.5 and we will pass. Big difference than with bac a year ago.
This is a short term blip, and picking an entry point to add is the only thing to think about. C tried to give back 3.75 a share, and were told no, they lower it to 3.00 a share, and they are good to go.