Why I’m Holding on to my Stake in Citigroup

The last weekend of February was a tough one for me. I came across a news item that led me to think I made a big mistake. About a month ago, I recommended Citigroup (NYSE: C) as a pick in my $100,000 Real-Money Portfolio. One of the key pillars of my investment thesis: "Citigroup is tackling its cost structure more seriously (and)… has the makings of a surge in earnings that few are talking about right now." So when a columnist at Bloomberg.com suggested that Citigroup was making poor progress on that front, I realized it may be time to unload the stock from my portfolio. I have one clear rule when it comes to . . . → Read More: Why I’m Holding on to my Stake in Citigroup