Shares of Citigroup (C) were down 3% to close at 32.36.
The shares have now returned 23% year-to-date, following a decline of 44% in 20111.
At a presentation by Citigroup at the Credit Suisse Financial Services Forum, CFO John Gerspach said that the company's long-term return of capital to investors through dividends and share buybacks would be supported by $40 billion in deferred tax assets not included in the company's Tier 1 capital, as well as "about $24 billion of our regulatory capital
Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.
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