Commentary: Market right to push up Citigroup shares

Columnist Peter Eavis explains that Citigroup shares have rallied more than 70% recently and that "the market isn't making a mistake" by pushing up the bank's stock. Despite investor concerns about the government taking a 34% voting stake in Citigroup, Eavis writes, it is the government's exchange of preferred for common stock that has made the bank a buy.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: