Rochester, NY 8/17/2009 3:19:24 PM
Citigroup, Inc., C - Shares of Citigroup Increase Soon After the Upgrade from BofA-Merrill
Citigroup, Inc.
Citigroup Inc. shares rose by 3.4 percent to $4.20 last Friday premarket trading. The shares increase after Banc of America-Merrill Lynch recently upgraded the company to “buy”.
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The third-biggest U.S. bank's second-quarter results showed consumer credit delinquency stabilizing suggesting better loan loss trends in the quarters ahead, analysts, led by Guy Moszkowski, said.
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