Citigroup Inc (C)

[Taurus]

Jim Carmer said, ...
Citigroup (C)

Cramer said people kept asking him, "Is Citigroup (C) okay? Do you still like Citigroup?" Down an average of 7% after earnings, as he predicted, how can the decline be a shocker? "It is exactly as I said it would be. Right down to the percentage." Citi is "an overcapitalized international behemoth" which will be buying back shares and paying a dividend in a year. It has a leg up on every domestic bank with its overseas exposure. Credit problems are much improved over last year and Citi Holdings is no longer a negative. This is the cheapest bank on book value, said Cramer,"If people don't understand this story, they should stay out of it," but Citigroup believers should "keep buying Citi."