Bank Supply

Citigroup's conference call will be at 11:00. I will be listening closely for an announcement as to the timing of a secondary offering. Next week Societe Generale is doing an offering and the following week BNP Paribas is coming to market. A lot of supply is coming in the financial space in the coming weeks. Portfolio Managers are already overweight the group so its hard to understand who will take down all this supply.

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