Didn’t CTY pass the “stress tests” just a couple of months ago?
Oh wait, those were the “stress tests” that assumed a maximum unemployment rate of 8.9% and just 2 months later we’re at 9.5 and still climbing precipitously.
These “stress tests” were akin to having a heart patient take a stress test while lying perfectly still in bed with soothing music playing in the background.
CIT is CIT group, not affiliated with Citibank.
C is Citigroup. Citibank is the consumer banking arm of Citigroup.
CTY is neither.