("Citi, AIG: Financial Winners & Losers" article updated for Tuesday market close and additional analysis of financial stocks)NEW YORK ( TheStreet) -- Citigroup ( C) is back in business. AIG ( AIG) may continue with the business of selling off assets, according to market buzz that lifted AIG shares hugely on Tuesday afternoon. In the case of Citi being "back in business," that was the sentiment from research firm CreditSights on Tuesday. The positive outlook sent Citigroup shares up more than 7% on Tuesday, to close at $3.82, or a gain of 26 cents. A whopping 1.1 billion shares of Citigroup were traded on Tuesday. Citi's average daily trading volume is 340 million shares. CreditSights wrote in a research report released on Monday night that Citigroup was "back from the brink and back in business." The research firm defined Citi as a "work in progress" but indicated that the bank's debt and equity should benefit from its branch-light configuration, international diversification and improving liquidity. Above all, Citigroup shares are cheap, the research firm noted. As far as Citi's share price, however, Citi is not back from the brink as much as the shares are back from where it was trading at in December. On Dec. 8, Citi shares closed at $3.91, and for much of November, Citi shares had traded above $4. The cheapness of Citi shares was something noticed by big hedge fund investors in recent months also. Both
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