Jim Cramer's Stop Trading! Sitting on Citi
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"We want a banker" leading Citigroup (C Quote), Jim Cramer said Monday on CNBC's "Stop Trading!" segment.
Cramer said the only event that would make him buy the stock, which is up around 1% Monday afternoon at $55 and change, is Prince's departure. "Prince leaving is worth 5, and a breakup of the bank is worth 2," Cramer said, shrugging off Monday's announcement that longtime finance chief Sallie Krawcheck will take over as CEO of the bank's wealth management unit.
Cramer said he'd like to see Citi lure Richard Kovacevich from Wells Fargo (WFC Quote) or Jamie Dimon from JPMorgan (JPM Quote). Kovacevich, Cramer said, is "America's greatest banker." ...
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