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Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:55 EDTCLew to be named Treasury secretary, Bloomberg reports
President Obama will nominate Jack Lew as the next Treasury secretary tomorrow, according to Bloomberg, which cited an unnamed source. Currently serving as the president's chief of staff, Lew has also been budget director and spent a couple of years as a managing director at Citigroup (C), the news service added. Reference Link
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April 9, 2015
06:57 EDTCCitibank sued by Argentina over deal with creditors, Reuters reports
Citibank Argentina has been sued by Argentina over what it says is an illegal deal with a group of creditors in conflict with the government over unpaid debt, Reuters reports. Citigroup says it is "disappointed" by Argentina's legal actions and has denied violating laws. Reference Link
April 8, 2015
16:01 EDTCActionable Options for Wednesday, April, 8
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April 7, 2015
16:00 EDTCOptions Update; April 7, 2015
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11:02 EDTCAmerican Express slips after analyst, columnist highlight challenges
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07:16 EDTCRising competition may make AmEx targets hard to achieve, WSJ says
Though American Express recently reaffirmed its long-term targets for growing revenue 8% per year or better and earnings per share by 12%-15% per year while increasing operating expenses by less than 3% per year, there are good reasons to be skeptical about its ability to hit those targets, according to The Wall Street Journal's "Heard on the Street" column. Competition from peer Visa (V) as well as big banks such as Citi (C) and Bank of America (BAC) may put pressure on AmEx’s margins and it is not safe to assume that the company will always fare as well on the Fed's stress tests as it just did, the report stated. Reference Link
April 6, 2015
19:33 EDTCRegulators enter headquarters of Citibank Argentina, Reuters says
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