Fly News Breaks for March 4, 2015
C
Mar 4, 2015 | 08:21 EDT
Bernstein believes that Citi's decision to sell its subprime consumer finance unit, OneMain, for $4.25B is positive, as the firm sees the move as part of the bank's effort to de-risk. Over the long-term, the firm thinks the bank's de-risking should enhance its ability to return capital to shareholders. Bernstein keeps a $60 price target and Outperform rating on Citi.
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