Tarnished Citigroup Looks Like It Could Shine Again - WSJ.com: "By ANDREW BARY
Citigroup has been garnering investor interest amid optimism on Wall Street that the worst is over for the beleaguered banking company.
Citi shares have been pounded in the past two years, falling to around $3 from $55 because of heavy losses and a huge increase in its shares outstanding as a result of a $58 billion preferred-stock exchange offer designed to shore up the company's equity capital base.
Citi stock is down 50% this year alone, while J.P. Morgan Chase shares have risen 20%, to a recent $38, and Goldman Sachs has surged 90%, to a recent $162."
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Monday, August 3, 2009
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