It's little surprise investors have soured on Citigroup (C) given the global bank's recent stumbles.
First, Citi revealed financial fraud at its Mexican division, Banamex. That resulted in $235 million in losses, at least a dozen firings and an investigation by regulators.
And then the No. 3 U.S. bank by assets suffered another embarrassment in March: The Federal Reserve shot down its dividend and share buyback plans.
But there are signs Citi is righting its ship. The bank reached a $7 billion mortgage settlement earlier this week and also unveiled stronger-than-expected earnings for the second quarter.
