Citi Downgraded to Neutral

We have downgraded our recommendation on Citigroup Inc. (C) to Neutral from Outperform, following its fourth quarter earnings release. The downgrade follows our evaluation of the company fundamentals. Fourth Quarter and Full-Year 2010 Highlights Citigroup’s fourth quarter 2010 earnings came in at 4 cents per share. Earnings fell short of the Zacks Consensus Estimate by [...]