Punk Zeigel's Bove Said Citi (C) Stock Price is 'Simply Ridiculous'
C Hot Sheet
Rating Summary:11 Buy, 4 Hold, 2 Sell
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Punk Zeigel analyst Richard Bove reiterated his Buy rating Citigroup (NYSE: C), saying the fact that the stock is selling below book is "simply ridiculous" and fear has replaced logic.
Bove said there is a rumor that Citigroup's Tier One Capital ratio can be at 8.8% at the end of Q1 suggesting the company will not take "mammoth" Q1 write-offs.
Bove said there is a rumor that Citigroup's Tier One Capital ratio can be at 8.8% at the end of Q1 suggesting the company will not take "mammoth" Q1 write-offs.
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