Wall Street is divided on whether the government's move to shore up Citigroup Inc. will prompt other ailing big banks to ask regulators for more funds, but analysts and others said its rivals are likely glad the government acted Sunday night to aid Citi.

"I think it should be viewed as a positive for the industry," said Frank Barkocy, the director of research at Mendon Capital Advisors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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