Richard Bove, an analyst at Punk Ziegel & Co., talks with Bloomberg's Betty Liu from Tampa, Florida, about the decision to cut his first-quarter estimate for Citigroup Inc. to a loss of $1.42 a share. Bove said that loss wouldn't require Citigroup to reduce its dividend or raise additional capital, and he kept a "buy" recommendation on the shares. The average analyst projection is for a profit of 26 cents, according to data compiled by Bloomberg.
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Added: Mar 5, 2008 |
| Category: Business |
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