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Citigroup Worst of Bank Stocks, Poll Says

When Meredith Whitney talks -- about banks -- the market listens. Last week, Whitney was sounding alarms with a bearish outlook for the banking sector -- as if things weren't already tough enough for the big banks.

Thursday brought a market rout that rolled into a weak Friday, and almost all financial stocks ended the week lower.

The story became more interesting when famed hedge fund manager John Paulson of Paulson & Co. took on Whitney by making a big bet on the banking sector and, in particular, stating that Bank of America (BAC - Get Report) would double its share price in two years time.
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(Could a pay-per-view steel cage match between Whitney and Paulson be in the works? Not likely, but a poll pitting the two against each other may be in the works, so stay tuned.)

So just how bad was it for the big banks? Well,

Citigroup (C - Get Report) ; Goldman Sachs (GS - Get Report) ; JPMorgan Chase (JPM - Get Report); and UBS (UBS - Get Report), were all down on Thursday and Friday.

Paulson's call did help Bank of America eke out a 0.06% gain in Friday's session.

Talk about the slow road to recovery. We wouldn't be surprised if Meredith Whitney had already taken cover in the bank-implosion shelter.
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BAC $14.77 1.44%
C $46.68 0.86%
GS $166.18 1.26%
JPM $63.79 0.93%
UBS $17.23 -0.23%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

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