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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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December 9, 2014
14:42 EDTCFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
11:08 EDTCCitigroup falls, levels to watch
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10:51 EDTCCitigroup sees incurring legal, related charges of approx. $2.7B in Q4
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10:39 EDTCCitigroup expects to see heightened periods of volatility
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10:27 EDTCCitigroup CEO says big things that remain are ForEx, Libor and AMC and process
10:27 EDTCCitigroup says leverage ratio is not binding constraint for company
10:13 EDTCCitigroup CEO sees $2.7B charges in Q4 to address legal reserve charges
CEO Michael Corbat said that after taking the charges in Q4, the company will be "marginally profitable." Comments taken from Goldman Sachs Financial Services conference.
10:10 EDTCCitigroup to take $3.5B in additional charges in Q4, CNBC reports
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09:38 EDTCActive equity options trading
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08:24 EDTCCitigroup to sell Japanese consumer unit to Sumitomo Mitsui, Bloomberg says
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05:59 EDTCCitigroup appointed successor depositary bank for Deutsche Post ADR program
Citi (C), acting through Citibank N.A., has been appointed by Deutsche Post AG (DPSGY) as successor depositary bank for its Level 1 American Depositary Receipt, or ADR, program. Deutsche Post DHL’s ADR program trades in the U.S. over the counter market, with each ordinary share equivalent to 1 ADR.
December 8, 2014
16:55 EDTCLone Star joins Springleaf as bidder for Citigroup OneMain unit, Bloomberg says
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16:00 EDTCOptions Update; December 8, 2014
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15:40 EDTCLone Star joins Springleaf as bidder for Citigroup OneMain unit, Bloomberg says
06:35 EDTCValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:21 EDTCDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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December 5, 2014
18:19 EDTCCitigroup's Japanese credit card business sought by three buyers, Nikkei says
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11:23 EDTCOption volume leaders
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09:36 EDTCActive equity options trading
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December 4, 2014
07:38 EDTCMorgan Stanley Citigroup gaining share in capital markets, says Wells Fargo
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