Citigroup Inc. (NYSE:C) chairman Richard Parsons is considering stepping down.

Citigroup Inc. (NYSE:C) Could Lose Chairman

The Wall Street Journal has reported that the US bank Citigroup Inc. (NYSE:C)’s chairman Richard Parsons is considering giving up his present role, and he will make a decision by early March.

He assumed the position in 2009 and helped the bank to come out of the financial crisis it faced in 2008.

A Citigroup Inc. (NYSE:C) spokesman declined to comment on the report.

Parsons had said earlier that he will continue in the role of chairman until the bank was on solid ground.

The bank reported a profit of $11.3 billion in the fourth quarter.

Citigroup Inc. (NYSE:C) shares were at 30.87 at the end of the last day’s trading. There’s been a -9.6% movement in the stock price over the past 3 months.

Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.91
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.73
Zack’s Rank: 4 out of 15 in the industry