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Why Did Citi Stock Jump?

As Citigroup passed $5, I was asked by several people why the stock has been so strong recently.

There is no news, but the JPMorgan report was a big catalyst. Citi is a low priced stock, and there is lots of speculation earnings will be positive (Street consensus $0.00). They report on the 19th.

All the big banks are up this week:
(figures as of this writing)

Zions up 9.3%

Citi up 9.3%

Bank of America up 5.4%

Fifth Third up 5.5%

JPMorgan Chase up 4.5%

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