New User:

Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
November 27, 2015
08:40 EDTCLarge Banks reduce number of loans to small businesses, WSJ says
Subscribe for More Information
07:39 EDTCBofA, Barclays, other banks sued over rate-swap market block, Bloomberg says
Subscribe for More Information
November 25, 2015
13:47 EDTCCiti sued by Pimco over mortgage-backed securities, Bloomberg says
Subscribe for More Information
13:27 EDTCSantander, CaixaBank among biggest Abengoa lenders, Bloomberg says
Subscribe for More Information
12:46 EDTCFederal Reserve approves final rule for capital plan and stress test regulations
Subscribe for More Information
November 24, 2015
15:05 EDTCFed to provide means for banks examiners to express divergent views
Subscribe for More Information
November 18, 2015
08:55 EDTCMorgan Stanley exec sees Q4 not much better than Q3 for banks, DJ reports
Morgan Stanley (MS) Institutional Securities President Colm Kelleher cautioned that fixed-income markets "still seem subdued," according to Dow Jones, citing his comments at an investment conference. Morgan Stanley was among the banks that reported lower revenue from fixed-income, currency and commodities trading during the third quarter and Kelleher said he doesn't think "the fourth quarter is going to be much better," the report noted. Large bank peers to Morgan Stanley include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:42 EDTCStora Enso Oyj appoints Citi as successor depositary bank for ADR program
Citi (C), acting through Citibank N.A., has been appointed by Stora Enso Oyj (SEOAY) as successor depositary bank for its Level 1 American Depositary Receipt, or ADR, program, which trades on the U.S. OTCQX marketplace under the symbol "SEOAY". Stora Enso's underlying ordinary shares are listed and trade on the NASDAQ OMX Helsinki Stock Exchange under symbol "STERV".
November 17, 2015
07:50 EDTCClearing House to hold a conference
Subscribe for More Information
November 16, 2015
14:06 EDTCCiti reports October credit loss 2.27% vs. 2.29% last month
Subscribe for More Information
11:24 EDTCClearing House to hold a conference
Clearing House Annual Conference is being held in New York on November 16-18.
09:59 EDTCOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
09:07 EDTCCiti completes OneMain sale
Subscribe for More Information
08:38 EDTCSpringleaf downgraded after settlement on acquisition reached at BMO Capital
As noted earlier, BMO Capital downgraded Springleaf to Market Perform from Outperform. The firm noted that it had recommended buying the stock based on its belief that the company's acquisition of OneMain from Citi (C) had a higher probability of closing than was reflected by the shares. The firm downgraded Spingleaf after the company reached a settlement with governments that will enable the deal to close.
05:37 EDTCCiti appointed successor depository bank for Technip ADR program
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use