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Diamond Hill Capital Comments on Citigroup

October 23, 2012 | About:
Holly LaFon

Holly LaFon

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We also initiated a position in banking and financial services company Citigroup, Inc. (C) as we gained confidence in the company's financial condition. Citigroup has addressed credit quality and weak capital issues, which should allow it to rapidly wind down its troubled asset portfolio. We also expect Citigroup to re-establish its capital return program through dividend increases and share repurchases which should benefit shareholders.

From Diamond Hill Capital's Third Quarter Large Cap Fund Commentary.


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