Citigroup Has Built Up a Lot of Capital but Is Still Not Repurchasing Stock. What Gives?
After a pause last year, the large banks JPMorgan Chase and Wells Fargo announced in their recent earnings calls that they are planning to resume share repurchases in the current quarter.
Share repurchases are a big reason investors buy big bank stocks, so it's never good to see large banks not buying back shares.
But despite the moves of its peers and having built significant levels of capital in the fourth quarter, Citigroup (NYSE: C) said that it is still not planning to repurchase shares in the first quarter, much to the chagrin of frustrated analysts and investors. Let's take a look at why this is the case and when Citigroup may be able to resume share repurchases.
Source Fool.com
