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Stock Market & Financial Investment News

News Breaks
April 8, 2012
21:18 EDTC, BACInvestors will be watching Citigroup, BofA earnings, NYT says
With bank earnings about to start investors will be watching to see how Bank of America (BAC) and Citigroup (C) match up, says the New York Times. Reference Link
News For C;BAC From The Last 14 Days
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June 17, 2013
16:00 EDTCOptions Update; June 17, 2013
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14:27 EDTCCitigroup May net charge-offs 3.00% vs. 3.11% last month
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14:20 EDTCCriminal charges likely in Libor case, WSJ reports
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10:22 EDTBACBank of America reports May card write-offs 4.03% vs. 4.55% last month
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07:13 EDTBACBank profits seen hurt by rising rates with no growth, Bloomberg reports
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06:14 EDTBACOn the Fly: Periodicals Wrap-Up
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June 13, 2013
16:00 EDTBACOptions Update; June 13, 2013
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09:37 EDTCActive equity option families trading on open
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07:05 EDTCCitigroup credit quality trends increase confidence, says Credit Suisse
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05:52 EDTCBank seizures of U.S. homes increased in May, Reuters reports
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June 12, 2013
16:02 EDTCOptions Update; June 12, 2013
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08:49 EDTBACBabcock & Wilcox names Mark Carano Chief Corporate Development Officer
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08:20 EDTCCitigroup says to provide up to EUR200M trade financing to support Greece
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06:41 EDTC, BACFirm says JPMorgan was top investment bank in Q1, Reuters reports
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06:04 EDTBACCoty to price its IPO later today, WSJ reports
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05:58 EDTC, BACSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTBAC, CBanks given extension to spin off swaps units, WSJ reports
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16:00 EDTBACOptions Update; June 11, 2013
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10:25 EDTCCitigroup falls toward $50, downside leader among sector peers
The shares are down over 3.6% at time of writing to $50.01, near the break of the psychologically important $50 level. Earlier news reported by Bloomberg that the company could face a $7 billion dollar loss from currency swings may be weighing on the stock. Support below $50, which is a penny away from the 30-day moving average, is at $48.92, and then at $47.96, the 50-day moving average. Resistance is at $50.83.
08:46 EDTCCitigroup could face $7B currency loss, analyst says, Bloomberg reports
Citigroup (C) could lose about $7B on currency swings if Charles Peabody at Portales Partners is correct, although the analyst is at odds with peers who say the stock will be the best performer among big U.S. banks in the year ahead, reports Bloomberg. Peabody is among only four analysts out of 34 tracked by Bloomberg who recommend investors sell Citigroup shares. Reference Link
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