Replies to post #11695 on Citigroup Inc (C)

[Jld3294]

Very exciting,

You know what I don't understand?

Citibanks required reserve ratio for the Fed is 9%, yet they currently hold reserves of about 10.5%. They have a solid 1.5% extra in reserve cash that they are not using for loans, securities etc.

Other big banks like JPM and BAC do not have a 1.5% cushion, yet they got approved by the fed for their dividend and buy back program. I'm confused why C did not pass.

C is very impressive, and very cheap. It's almost a dream come true at these levels.