Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 86.27

+0.1%

3:59 PM EST

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To: Road Walker who wrote (677)	3/8/2010 4:37:46 PM
From: tejek	Read Replies (1) of 1428

And here is his response: Unloved Citi Could Do Wonders for Your Wallet By Jim Cramer RealMoney Columnist 3/8/2010 3:59 PM EST Citigroup's (C - commentary - Trade Now) making its move ... again. This is a stock that seems to have crept up to near where it announced it would do a big TARP payback. I think this is a major move -- this company's probably in better shape than it has been in years. That's right, this one's gotten better because it keeps raising capital and keeps getting more global. People lump all banks together, thinking there is nothing more to them than the mortgage and commercial real estate markets. They just presume that they have no international operations because the banks have worked assiduously to get rid of them. Not so for Citigroup. It just added former Mexican President Ernesto Zedillo to the board -- so important because of Citigroup's fabulous exposure in Mexico. The company announced last week that it is going to expand its Turkish bureau. It has great reach in Asia, Europe and Latin America. In the meantime, all people do is focus on nasty comments from Elizabeth Warren -- a professor who has become the hectorer in chief of Citigroup, edging out Sheila Bair from the FDIC. That is, when they aren't bemoaning the loss of Gary Schedlin from Citigroup's investment banking group. We are led to believe this is a huge loss. Citigroup remains unloved in the press and unforgiven by the politicians. It is a great cover for the franchise's improvement and a chance to buy more before it leaves the $3 range.

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