Reported 1 day ago
Warren Buffett's Berkshire Hathaway sold all of its 14.6 million shares in Citigroup as part of a broader reduction in financial sector holdings. Despite this move, Citigroup is undergoing significant restructuring and focusing on streamlining its operations, which may enhance its growth prospects. The bank's net interest income is expected to improve due to strong loan demand and a solid liquidity position. While Buffett's sale may raise concerns, Citigroup's restructuring and growth potential suggest investors might consider holding onto C stock for the time being.
Source: YAHOO