No Suspense Here: No Dividend Boost for Citi
In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss the not-so-surprising announcement that Citigroup will not be requesting an increase to its dividend after the coming CCAR stress test results next week. After the bank failed the stress test last year embarrassingly, partly due to its request for a dividend increase that it was not prepared for, many were optimistic that the bank would be much more conservative this time around. Matt tells us why this announcement comes as good news, and has shares up today.
Citigroup's stock looks tantalizingly cheap. Yet the bank's balance sheet is still in need of more repair, and there's a considerable amount of uncertainty after a shocking management shakeup. Should investors be treading carefully, or jumping on an opportunity to buy? To help figure out whether Citigroup deserves a spot on your watchlist, I invite you to read our premium research report on the bank today. We'll fill you in on both reasons to buy and reasons to sell Citigroup, and what areas Citigroup investors need to watch going forward. Click here now for instant access to our best expert's take on Citigroup.
The article No Suspense Here: No Dividend Boost for Citi originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool owns shares of Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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