U.S. Treasury May Sell Stake In Citigroup (C)

Citigroup, Inc. (NYSE: C) CEO Vikram Pandit said that he “wouldn’t be surprised” if U.S. Treasury sold its 27 percent stake in Citigroup starting next week.

The U.S Treasury received 7.7 billion shares of the banking giant last September after it converted the $25 billion in bailout money into common shares. The government will make a $7.2 billion gain from the investment if it sold its stake now.

The Treasury missed out on selling its stake last October when the stock price climbed above $5 per share.