Meredith Whitney
It seems like Meredith Whitney might be trying to relive her glory days of predicting a dividend cut by Citigroup, as now she is saying that no CEO can fix Citigroup. I honestly have no clue what she is talking about.  Citicorp is posting 15% returns on tangible equity and Citi Holdings is only 9%...
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I agree 100% with Meredith Whitney when she says that the JP Morgan trades were prop trades.  It is rare for me to agree with Whitney but calling them anything else would simply be inaccurate.  A greater question is whether or not there is anything wrong with this.  I don’t have a problem with banks...
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Citigroup’s strong 1st quarter seems to have changed the tune of Meredith Whitney slightly as she changed her rating to “hold” from “underperform.”  Last month she was saying that Citigroup had no earnings power which is laughable if you have even the most juvenile ability to read financial statements.  Perhaps when Citigroup is at $50...
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http://www.cnbc.com/id/46731508 http://www.cnbc.com/id/46737336 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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