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  • Citigroup Inc. (NYSE:C) : Citigroup Stock Market Analysis

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    Wednesday Apr. 27, 2011 at 06:31 pm EST
    Citigroup Inc. (NYSE:C) Stock Market Analysis
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    Citigroup Inc. (NYSE:C), is planning to hire about 500 people globally, including bankers and traders, to bolster its institutional-clients unit.

    The additions are “part of a multiyear effort, across all businesses and geographies” within the division, spokeswoman Danielle Romero-Apsilos said yesterday in an e-mail. Citigroup Inc.'s institutional-clients unit includes investment banking, trading, transaction processing and the New York-based firm’s private bank, which manages money for affluent customers.

    Shares of Citigroup Inc. (NYSE:C) closed at $4.51 on Wednesday below resistance level of $4.56. Major resistance points above Wednesday's close are at $4.58, $4.69, $4.78, $4.93 and $5.08 while major support levels for Citigroup Inc. below $4.51 are at $4.42, $4.27, $4.14 and at $3.89.

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