Stock Market & Financial Investment News

News Breaks January 31, 2013 07:11 EDT C Citigroup wants to end consumer banking in more countires, Reuters reports Citigroup (C) is looking to pull out of consumer banking in more countries in a move to cut costs and boost profits, sources say, reports Reuters.Reference Link News For C From The Last 14 Days Check below for free stories on C the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent C news | >> June 18, 2013 16:00 EDT C Options Update; June 18, 2013 Subscribe for More Information 07:29 EDT C Securities Industry and Financial Markets Association to host a conference Subscribe for More Information June 17, 2013 16:00 EDT C Options Update; June 17, 2013 Subscribe for More Information 14:27 EDT C Citigroup May net charge-offs 3.00% vs. 3.11% last month Subscribe for More Information 14:20 EDT C Criminal charges likely in Libor case, WSJ reports Subscribe for More Information June 13, 2013 09:37 EDT C Active equity option families trading on open Subscribe for More Information 07:05 EDT C Citigroup credit quality trends increase confidence, says Credit Suisse Subscribe for More Information 05:52 EDT C Bank seizures of U.S. homes increased in May, Reuters reports Subscribe for More Information June 12, 2013 16:02 EDT C Options Update; June 12, 2013 Subscribe for More Information 08:20 EDT C Citigroup says to provide up to EUR200M trade financing to support Greece Subscribe for More Information 06:41 EDT C Firm says JPMorgan was top investment bank in Q1, Reuters reports Subscribe for More Information 05:58 EDT C Some major banks get two year delay on swap rule, WSJ reports Subscribe for More Information June 11, 2013 18:35 EDT C Banks given extension to spin off swaps units, WSJ reports Subscribe for More Information 10:25 EDT C Citigroup falls toward $50, downside leader among sector peers The shares are down over 3.6% at time of writing to $50.01, near the break of the psychologically important $50 level. Earlier news reported by Bloomberg that the company could face a $7 billion dollar loss from currency swings may be weighing on the stock. Support below $50, which is a penny away from the 30-day moving average, is at $48.92, and then at $47.96, the 50-day moving average. Resistance is at $50.83. 08:46 EDT C Citigroup could face $7B currency loss, analyst says, Bloomberg reports Citigroup (C) could lose about $7B on currency swings if Charles Peabody at Portales Partners is correct, although the analyst is at odds with peers who say the stock will be the best performer among big U.S. banks in the year ahead, reports Bloomberg. Peabody is among only four analysts out of 34 tracked by Bloomberg who recommend investors sell Citigroup shares. Reference Link 07:25 EDT C International Economic Forum of the Americas to host a forum 19th Conference of Montreal is being held in Montreal, Canada on June 10-13. 07:19 EDT C Citigroup EPS can increase about 45% over next two years, says Bernstein Bernstein believes that Citigroup's adjusted EPS can jump about 45% over the next two years, driven by lower credit costs and positive operating leverage,. The firm thinks the company can meet or exceed cost reductions reflected in consensus estimates and it keeps an Outperform rating on the stock. June 10, 2013 16:01 EDT C Options Update; June 10, 2013 Subscribe for More Information 16:01 EDT C Options Update; June 10, 2013 Subscribe for More Information 07:11 EDT C National Investor Relations Institute to host conference Subscribe for More Information 1 | 2 | all recent C news | >> Sign up for a free trial to see the rest of the stories you've been missing.