Citigroup Ain't Dead Yet
Shares of Citigroup popped today after the stock beat analysts' expectations, thanks in large part to losses on some of its troubled assets coming in lower than expected. The day's good news aside, the bank has had a difficult stretch recently, with the Federal Reserve rejecting the bank's capital allocation plan over "qualitative concerns" around Citigroup's capital planning process.
In this segment from Monday's Where the Money Is, Motley Fool financial analyst Matt Koppenheffer points out that while the bank did beat estimates, it still wasn't a stellar quarter. However, Matt breaks down the quarter further for investors, discussing the bank's strategies for the future, and telling investors why he's bullish on Citigroup's long-term story.
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The article Citigroup Ain't Dead Yet originally appeared on Fool.com.Matt Koppenheffer owns shares of Citigroup. 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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