In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss the not-so-surprising announcement that Citigroup (NYSE:C) will not be requesting an increase to its dividend after the coming CCAR stress test results next week. After the bank failed the stress test last year embarrassingly, partly due to its request for a dividend increase that it was not prepared for, many were optimistic that the bank would be much more conservative this time around. Matt tells us why this announcement comes as good news, and has shares up today.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool owns shares of Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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