Citigroup intends to raise as much as $15 billion from various foreign and domestic entities including Government Investment Corp. of Singapore, the Kuwait Investment Authority and, Saudi Arabian Prince Alwaleed bin Talal, Citigroup’s largest individual shareholder.
In November, Citi accepted $7.5 billion in new capital from the The Abu Dhabi Investment Authority
The middle east is defintitely taking advantage of the sudden wealth (meaning last 25-30 years)
So you tell me at $7.05 a share, is Citi Bank a must have in your portfolio? I Believe SO.
I would like to say, I actually waited until March and bought at $1.10 Citi has risen to over $3.00 in the last 2 weeks