Citicorp's plan to raise roughly $650 million in a hybrid form of convertible preferred stock is being lauded as innovative by investors and analysts. However, many said it is still not enough to keep the company out of the capital doldrums.

Indeed, some predicted that the nation's biggest bank will be back in the market with a straight equity offering within the next year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.