Citigroup (C) Kelly Making Comments At Banking Conference: "Balance Sheet is Very Liquid"
Down)
Shares of Citigroup, Inc. (NYSE: C) are seeing some interest this morning as Vice Chairman Ned Kelly, BofA/ML banking conference. Shares are up 1%. Below are some highlights:
- on road to stabilization recovery
- dramatically increased capital, liquidity
- Citicorp is future of Citi
- Continue to cut assets in special asset pool
- Balance sheet is very liquid
- Deposit are continuing to grow
- Liquidity gives Citi time to reduce Citiholding assets.
- Odds of keeping CitiFinancial are very low.
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