“Our stock price is not an indication of our financial strength.”
— Citigroup CEO Vikram Pandit in a memo to employees sent Monday night. How ironic that Citigroup shares jumped 38% on Tuesday. Citi’s stock is so low that it took a gain of just 40 cents to rise so much, percentage-wise, and close at $1.45. Citi’s pop was part of a overall surge in the market that had the Dow up 379.44, or 5.8%, today. –Jessica Shambora