Tom Brown of Second Curve Capital was on Bloomberg today discussing Citi's (NYSE: C) earnings release. He disclosed that he is long both Citi and Bank of America (NYSE: BAC). He think that the discount to book value is too great and that the capital markets in Q1 have improved such that the trading revenue will likely be better next quarter.
For those not in the know, Tom Brown was the head of the financials groups at Tiger Management back in the 90s with Julian Robertson. When Tiger shut down he went out on his own. He has a pretty good track record despite getting pretty beat up in 2008.