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Tuesday, April 04, 2006

Citigroup and Cramer

Today, the Federal Reserve lifted restrictions concerning Citigroups consolation of other financial companies. This is a major plus for this company because in order to stay ahead in this sector, rampid acquisitions of smaller banks are mandatory. In addition, Cramer has talked up this stock even before this news has come out. Even though the stock is modestly up today, it could be a good time to buy a bundle of Citigroup for the long-term.

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