Tag:
Primerica
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Citigroup (C) Earnings Q1 2010
View C Q1 Earnings Report
Highlights:
Highest net income since Q2 2007
Revenues of $25.4 billion and expenses of $11.5 billion
Net credit losses of $8.4 billion declined for the third consecutive quarter
Tier 1 capital ratio of 11.2 percent; Tier 1 Common Ratio of
Primerica IPO bodes well for Citi stock sales
Recall that the government is planning a massive, year-long move to sell its 27 percent stake in Citigroup ( NYSE: C ). Does the recently priced Primerica IPO bode well for the coming stock sale? TheStreet.com apparently thinks so. The offering was priced on the high side and raised $320 mil
More on Citi's move to take Primerica public
We all know that Citi ( C ) is under a lot of pressure to sell assets, as is Bank of America ( BAC ). So some might have greeted the news that Citi is planning an initial public offering for its Primerica unit as good news. But Barron's adds some interesting color to the development. Clear
