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More Squawk From Jim Cramer: Citigroup (C) Stock Up on 'Very Encouraging' Q1 Earnings

NEW YORK (TheStreet) -- Citigroup (C - Get Report) stock is up 2.11% to $45.94 in early-morning trading on Friday after reporting 2016 first quarter earnings and revenue that beat Wall Street's expectations.

The New York City-based bank's month of March was solid and April is so far in line with March, which is a "very good sign," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.

He likes that Citigroup is trading at roughly 72% of its tangible book value, which was $62.58 per share for the quarter, and the Federal Reserve and the Federal Deposit Insurance Corp didn't reject its so-called living will.

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