Rochester, NY 8/5/2009 12:18:32 PM
After Hours - Citigroup, Inc. C, Analyst Reports that the Stocks of Citigroup is well worth buying
Citigroup, Inc.
Citigroup Inc, maintained a “buy” rating saying the "new Citigroup" was well worth buying and the shares were very attractive, but cut his earnings outlook on the company to reflect the increase in shares outstanding, statement coming from veteran banking analyst Richard Bove.
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"Citigroup is gone. In its place are two entities. One has a very bright future. The other will be liquidated over time. Once the drag of the liquidation is done, the earnings of the remaining entity will be very strong," Bove said.
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