The federal government's $20 billion bailout of Citigroup Inc. (NYSE: C) lifted the stock $1.92, more than 50%, to $5.69 while boosting the entire financial services sector, including Morgan Stanley (NYSE: MS) $2.28 to $12.33 and Bank of America Corp. (NYSE: BAC) $2.18 to $13.65.
Government Infuses Citigroup With $20 Billion
November 24, 2008 at 13:49 PM EST