This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Today's Outrage: What Took So Long, Citi?

It's about time, Citigroup (C - Get Report).

The housing crisis has been hammering the economy and Citi's earnings all year, yet the company is only now figuring out that no one wins the foreclosure game any more.

It's outrageous that it took Citi so long to figure out that it's more profitable to help homeowners stay in their homes and make payments than to abandon them and get next to nothing.

It's not like it's unprecedented for a bank to help homeowners. (OK, maybe it used to be). But JPMorgan Chase (JPM - Get Report) and Bank of America (BAC - Get Report) paved the way with homeowner assistance policies earlier this year.

I guess investors should be grateful that Citi finally pulled its head out of the sand.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
BAC $16.29 -0.37%
C $52.82 -0.99%
JPM $63.92 -0.75%
AAPL $125.01 -0.63%
FB $78.10 0.70%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs