Citigroup Ain’t Dead Yet

Citigroup has had a rough time of things recently, but it certainly beat expectations today.

Matt Koppenheffer
Matt Koppenheffer
Apr 14, 2014 at 9:04PM
Financials

Shares of Citigroup (NYSE:C) popped today after the stock beat analysts' expectations, thanks in large part to losses on some of its troubled assets coming in lower than expected. The day's good news aside, the bank has had a difficult stretch recently, with the Federal Reserve rejecting the bank's capital allocation plan over "qualitative concerns" around Citigroup's capital planning process.

In this segment from Monday's Where the Money Is, Motley Fool financial analyst Matt Koppenheffer points out that while the bank did beat estimates, it still wasn't a stellar quarter. However, Matt breaks down the quarter further for investors, discussing the bank's strategies for the future, and telling investors why he's bullish on Citigroup's long-term story.