Citigroup: Financial Winner (Update 1)

Updated with Citigroup's announcement about its revised capital plan and trust preferred share redemptions. NEW YORK (TheStreet) -- Citigroup was the winner among the largest U.S. financial names on Friday, with shares rising over 3% to close at $27.76. The broad indexes all saw 1% gains, after President Obama said that heading into Greece's coming elections, "it is in everybody's interest for Greece to remain in the eurozone while respecting its commitments to reform," and that the sooner European leaders act "carry out necessary fiscal reforms" and "promote economic growth and job creation," the "sooner people and markets will regain some confidence and the cheaper the costs of cleanup will be down the road." ... Click to view a price quote on C. Click to research the Banking industry.

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