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After being stuck at a two-star rank for years, enough top-performing CAPS members have turned bullish on Citigroup
There's no doubt that plenty of risk remains on Citigroup's balance sheet and investors still have only a vague sense of what it holds. But as time has progressed and Citigroup has held up through the recession post-TARP, more CAPS members are having a look at its future potential.
Citigroup has been able to sell off less desirable assets in its Citi Holdings division, helping the bank report a narrower loss in the segment. It's also decided to hold onto some of its less risky mortgages that it made to its customers that comply with Fannie Mae
Citigroup remains a speculative play in many investors' minds, but some are encouraged that its nonperforming loans showed improvement in the fourth quarter, and its credit losses moved in the right direction. While peers Goldman Sachs
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