Bove Says Nationalizing Citi (C) Is Not the Answer

Appearing on CNBC's The Call, bearish financial analyst Dick Bove, now at Rochdale Securities, said he does not think nationalizing Citigroup (NYSE: C) is such a great idea. He reminded viewers that with a 40% stake in the bank, the government would likely have control of Citi's decision-making process.

Bove's answer to the financial malaise and the nationalization talks: "Leave them alone".

Shares of Citi are bouncing this morning following last week's 44% slide. The stock most recently traded at $2.17, up 11.3% from Friday's closing price.

You May Also Be Interested In

• Vivmark Residential (VMRK) Reiterated at Buy by Stifel on Over 95% Physical Occupancy
• Citi lowers East West Bancorp price target to $152
• Cintas (CTAS) PT Raised to $180 at Citi