Pandit praises Citi's performance as feds prepare for additonal help

Different reports this morning paint different pictures regarding the health of Citigroup (C):

The FT is reporting -- based on a memo by CEO Vikram Pandit -- that Citi made money in the first two months of the year and that it appears the situation at the big bank is getting better. "Citigroup has had its best profit performance in over a year in the first two months of 2009 and has generated revenue of more than $19bn despite growing uncertainties over its future, chief executive Vikram Pandit told employees."