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Stock Market & Financial Investment News

News Breaks
October 12, 2012
13:21 EDTCEarnings Preview: Several positive signs seen for Citigroup into Q3 results
Citigroup (C) is scheduled to report Q3 results on October 15 before the market opens with a conference call scheduled for 8:00 am ET. The consensus estimates are 96c for EPS and $18.71B for revenue, according to First Call. Citigroup investors may be encouraged by the higher than expected EPS reported by both JPMorgan (JPM) and Wells Fargo (WFC) this morning. Wells Fargo did report slightly lower than expected revenue, but the bank said that the U.S. housing market is improving and added that it expected its mortgage origination business to strengthen in Q4. Meanwhile, JPMorgan reported that its card business is doing well All of these trends may boost Citigroup's results and outlook. Two research firms issued positive notes on Citigroup in recent weeks, with Bank of America/Merrill reinstating coverage of the stock with a Buy rating and $45 target on October 9, and Keefe Bruyette upgrading the shares to Outperform from Market Perform on October 2. The latter firm cited expectations for continued run-off of Citi Holdings, an improving Basel III capital ratio, and continued market share gains in global trade finance as reasons for the upgrade. It set a $44 price target on the shares.
News For C From The Last 14 Days
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July 25, 2014
09:37 EDTCActive equity options trading on open
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July 24, 2014
16:00 EDTCiPath S&P 500 VIX Short-Term Futures down 10c to 28.08
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July 23, 2014
16:02 EDTCSallie Mae names Jeffrey Dale as company’s first Chief Risk Officer
Sallie Mae (SLM) appointed Jeffrey Dale as the company’s first Chief Risk Officer. Mr. Dale will work with senior executives and other company stakeholders to build out the enterprise risk management function and framework for the company and its Sallie Mae Bank subsidiary. Mr. Dale arrives from Citigroup (C) where he most recently served as the North American Group Risk Director responsible for consumer credit in the United States, Puerto Rico and Canada.
16:00 EDTCOptions Update; July 23, 2014
iPath S&P 500 VIX Short-Term Futures up 23c to 28.17. Option volume leaders: AAPL FB C GILD MSFT PBR NFLX AMZN TWTR TSLA according to Track Data
July 22, 2014
09:36 EDTCActive equity options trading on open
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July 21, 2014
09:38 EDTCActive equity options trading on open
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07:23 EDTCCiti unit, Mexican regulator at odds over fraud probes, Reuters says
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July 18, 2014
16:47 EDTCMarket ends week higher as earnings, M&A offset geopolitical tensions
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12:01 EDTCCitigroup says DOJ settlement includes est. of cost of consumer relief
Says $3.8B charge for DOJ settlement included estimates of cost of consumer relief.
11:30 EDTCCitigroup sees issuing 'somewhat more' securitizations during rest of year
Says liquidity position remains strong. Sees FY NCL rate in Asia, Latin America roughly in line with 1H. Says expects to repurchase or redeem $10B of debt this year. Expects to issue preferred stock between now and when Basel III rules are implemented at a measured pace. Sees 2014 preferred stock issuance volume below 2013 levels. Says capital position remains among the strongest in the industry. Says will issue "somewhat more" securitizations during the rest of the year, says credit cards to be primary source of additional securitizations. Comments made on the company's Q2 Fixed Income Investor Review.
10:32 EDTCCitigroup says making continued progress in resolving legacy issues
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July 16, 2014
16:00 EDTCOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
11:28 EDTCLeon Cooperman gives 12 stock picks at CNBC conference
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11:16 EDTCCooperman lists Actavis, Citigroup, KKR among top-picks, CNBC says
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09:37 EDTCActive equity options trading on open
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July 15, 2014
14:48 EDTCCitigroup reports June credit loss 2.33% vs. 2.40% last month
Reports June delinquencies 1.43% vs. 1.46% last month.
10:37 EDTCOptions with decreasing implied volatility
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07:43 EDTCCitigroup successfully executing plan, says RBC Capital
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07:37 EDTCAmerican Enterprise Institute holds a discussion
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07:34 EDTCCitigroup shares cheap on valuation, says UBS
UBS views Citigroup shares as cheap and does not expect them to trade below tangible book value indefinitely. The firm sees earnings stabilization, better than expected trading results, strong loan growth, and valuation as reasons to maintain its Buy rating and raise its price target on Citigroup shares to $61 from $60.
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