Kate Kelly Brutally Burns Meredith Whitney On CNBC

The hosts on CNBC are usually pretty nice when they talk to/about Wall Streeters. After all, the industry is hard enough.

But today, while having a civil discussion about Citi’s post-earnings rally, Kate Kelly got serious. The hosts of Closing Bell were talking about how Meredith Whitney upgraded her outlook on Citi — the famed analyst once said that for her to buy the stock, the company would have to get a new brain.

Yeesh. That’s tough, but not as tough as what Kelly had to say in response to Whitney’s call.

Kelly: “Financials are looking a little bit better but not blowing anyone’s socks off…Let’s remember the 4th quarter tends to be weaker than the 1st quarter, which is often a robust time…Citigroup… despite Meredith Whitney making a modest upgrade of her perception of the stock, and we’ll take that with a grain of salt after her muni call.”

Yeah, that just happened.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.