Citi’s 100M Share Pre-Market (C)

Posted in pre-market 
April 19th, 2010

Citigroup Inc. (NYSE: C) is seeing a huge volume trade after earnings, although not such a huge price move.  The troubled bank reported earnings of $4.4 billion in its first quarter as trading rebounded.  This is being taken as further evidence that the big bank may have continued in its turnaround efforts.  The firm indicated that trading revenue offset its loan losses in the portfolio.  At 9:01 AM EST the stock is up 1.5% at $4.63.  The amazing figure is the 95 million shares with 30 minutes remaining before the official market open even occurs.

JON OGG

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