Published: Friday, 12 Mar 2010 | 3:07 PM ET
Full article here
By: Jeff Cox
CNBC.com
CNBC.com
Just a year after being relegated to the pile of near-dead banks crushed by the credit crisis, Citigroup is back.
Investors both big and small have been taking massive stakes of Citi's shares that at this time in 2009 were teetering around the $1 mark.
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AP Vikram Pandit |
The venture to the brink of penny-stock territory was a torturous one, but that all seems to have changed as Citi's top officials are assuring investors that a return to profitability is on the horizon.
The company's return from its seemingly destined march to the graveyard has coincided with the rising star of embattered CEO Vikram Pandit.
"For the most part, Citi's done a good job of improving its balance sheet and its capital position," said David Konrad, banking analyst at Keefe, Bruyette & Woods. "It's going to be a long, long road there, but he's actually got a little bit of momentum on his side now."Full article here
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