Citi Detractors Roar
Not all analysts are concerned with Citi's capital levels.
Citi's "net free cash flow in the first nine months was an estimated $18 billion," says Richard Bove, an analyst at Punk Ziegel. Cash flow could potentially rise to $24 billion this year and $27 billion next year, Bove writes in a note. "These numbers do not suggest that the company is strapped for cash or lacking in equity."- Loading Comments...
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