Citigroup Inc.’s shares rose nearly 6.1 percent in early trading after a new $3 billion bet by billionaire investor Warren Buffett’s Berkshire Hathaway Inc boosted confidence in the battered Wall Street lender’s stock.
Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5 percent pullback in the shares during the period following a slide in U.S. banks on fears of slowing economic growth.
