In his report, Bove analyzed the capital positions of the 30 largest U.S. banks. He argued Citigroup is one of only four he believes are in a position to pay back the U.S. government's TARP investment without issuing more equity. The other three are State Street Corp(STT), Northern Trust (NTRS), and First Horizon National Corp. (FHN).
Investors appear have taken their attention away from capital issues for the moment, but they are likely to end up having a much bigger impact on Citigroup's long-term prospects than anything currently happening in Dubai. --Written by Dan Freed in New York. Read More: Citigroup is either the cheapest or the most expensive financial stock, depending on what measure you use. Citigroup's success in deleveraging its balance sheet.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 14.62 |
Oil *
98.98
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DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
1.19 |
10 Yr
1.46%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-7.53%
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