Financial ETFs Prepare for Citigroup Reverse Split
May 09, 2011 at 07:38 AM EDT
Beleaguered financials sector exchange traded funds (ETFs) are readying themselves for a reverse split in Citigroup (NYSE: C) shares. UBS Securities has issued a buy recommendation on the reversal in Citigroup’s performance, issuing a $5.60 price target objective, reports Jon C. Ogg for 24/7...