Tuesday, November 30, 2010

The Inside Skinny On ISI Group's Citigroup Upgrade (C)

From MarketBeat:

Citigroup Dividends: Could Return in 2012, Says Analyst
This caught our eye.
There’s been plenty of chatter about other financials, such as J.P. Morgan Chase, restarting shareholder payouts once the Federal Reserve determines bank cash cushions are fat enough.

But we hadn’t seen Citigroup specifically spotlighted in a note until today’s scribble from Edward Najarian at ISI Group. He upgraded Citigroup to “buy” from “hold,” citing a slew of reasons including improving credit quality, valuation and exposure to emerging markets....MORE