RECENT POSTS
- Your First Move For Tuesday May 29th
- Chesapeake Should Rally Into $20’s: Pro Trader
- Najarian: Yahoo! a Must Own Stock
- Marc Faber: 100% Chance of Global Recession
- Your First Move For Friday May 25th
- Desperately Seeking Dividend Yield
- Tech Is Trying to Tell You Something: Terranova
- Charts Suggest S&P Revisits Flat on Year: Top Analyst
FAST MONEY FEATURES
Get in the post game. Respond to our "Question of the Day" right now.
Missed an episode of Fast Money? Watch the latest show here.
FAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.
Get your game on with Fast Money gear.
Check out our scrapbook. These "pix" are guaranteed winners.
Sign up for our daily newsletter!
Split This Citi?
Web Editor
Vikram Pandit's first five months as CEO will come under the microscope Friday as he and other top executives lay out their vision for Citigroup [C
Loading...
()
] in an eagerly anticipated presentation.
Since taking over in December from Charles Prince, who quit under pressure, Pandit has presided over nearly $15 billion of reported losses, much of the bank's efforts to raise more than $40 billion of capital and a 41 percent dividend cut.
Pandit has also faced repeated demands from investors that he slash costs, divest poorly performing businesses and perhaps even break up the largest U.S. bank.
Pandit, known for his caution, has promised details on how he will make it run better.
I don’t expect to see a fully formed plan yet, says Karen Finerman. I think Pandit is spending his time putting out fires. However I’d like to see him consider spinning off consumer banking.
You’re going to get a whole lot of nothing, exclaims Jeff Macke. They’re going to buy time. Don’t expect to see a decisive plan.
I expect the Street to be disappointed, adds Guy Adami. And I think Citigroup is a buy on any dip.
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .
Trader disclosure: On May 8, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (BTU), (AGU), (NUE); Najarian Owns (AAPL), (ENER), (TSO), (XLF), (BKC); Najarian Owns (AA) Calls, (EK) Calls, (MSFT) Calls, (BID) Calls, (YHOO) Calls, (C) Calls, Najarian Owns (BUD) Calls; Macke Owns (MSFT), (INTC), (ATVI); Finerman Owns (GS); Finerman's Firm And Finerman Owns (C) And (C) Leaps; Finerman's Firm And Finerman Own (HD), (KALU); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (AEO), (MSFT), (NYX), (PLCE), (TSO), (VLO); Finerman's Firm Is Short (IYR), (MDY), (IWM), (SPY), (IJR)




