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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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January 30, 2015
08:35 EDTCCiti management to meet with UBS
Group breakfast to be held in New York on January 30 at 8:30 am hosted by UBS.
January 29, 2015
16:00 EDTCOptions Update; January 29, 2015
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07:36 EDTCStandard Chartered CEO growing unpopular with shareholders, executives, WSJ says
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January 28, 2015
16:56 EDTCFederal judge says FOREX manipulation case to proceed, Reuters reports
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09:35 EDTCActive equity options trading
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06:30 EDTCCiti unit reaches agreement with NY AG on ChexSystems data, WSJ reports
Citigroup's Citibank unit is expected to announce today that it has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories, The Wall Street Journal reports. The new rules, which will begin on March 15, will change how the bank uses information from consumer-reporting agency ChexSystems. Reference Link
January 27, 2015
16:00 EDTCOptions Update; January 27, 2015
iPath S&P 500 VIX Short-Term Futures up 1.40 to 32.01. Option volume leaders: AAPL TSLA TWTR AMZN FB MSFT X RIG YHOO C GILD according to Track Data.
09:36 EDTCActive equity options trading
Active equity options trading according to Track Data: AAPL MSFT TWTR TSLA GILD NFLX C AA HPQ X
07:03 EDTCCiti Foundation CEO Pam Flaherty to retire, WSJ says
Pam Flaherty, Citigroup veteran since 1968 and current head of Citi's charitable foundation, will retire Friday, the Wall Street Journal reports. Citi Foundation COO Brandee McHale is expected to succeed Flaherty. Reference Link
January 26, 2015
12:49 EDTCFederal Reserve discloses plan to improve U.S. payment system, WSJ reports
The Federal Reserve released a plan that would improve the U.S. payment system, saying the current outlook, which covers banking, checking, credit cards and online transactions is fragmented and outdated with respect to new technologies that may harm consumers, the Wall Street Journal reports. The Federal Reserve invited banks, credit card companies and payment processors to coordinate efforts. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
January 23, 2015
14:33 EDTCCiti CEO Corbat denies rumors of selling subsidiary Banamex, Forbes reports
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07:23 EDTCBass does not expect large U.S. banks to break up
Publicly traded companies in the space include Bank of America (BAC), Citi (C), JPMorgan (JPM), and Wells Fargo (WFC). Kyle Bass of Hayman Capital continues speaking on CNBC.
07:08 EDTCNorwegian Statoil seeks to cut costs as oil prices drop, WSJ says
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06:42 EDTCU.S. banks preparing for prolonged low bond yields, Reuters says
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January 22, 2015
15:26 EDTCCiti to hold a conference call
4Q14 Fixed Income Investor Review conference call to be held on January 23 at 11 am. Webcast Link
January 21, 2015
16:00 EDTCOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
January 20, 2015
16:00 EDTCOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
09:38 EDTCActive equity options trading
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January 18, 2015
16:57 EDTCCiti may have lost more than $150M on Swiss franc volatility, Bloomberg says
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15:14 EDTCMashreqbank interested in Citigroupís Egyptian consumer unit, Bloomberg says
Dubai-based bank, Mashreqbank PSC confirmed it is interested in acquiring Citigroupís Egyptian consumer banking unit, says Bloomberg citing comments from Mashreqbank PSC CEO Abdul Aziz Al Ghurair. Reference Link
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