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Stock Market & Financial Investment News

News Breaks
March 18, 2013
07:18 EDTCCitigroup management to meet with Deutsche Bank
Meeting to be held in New York on March 18 hosted by Deutsche Bank.
News For C From The Last 14 Days
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June 19, 2013
16:01 EDTCOptions Update; June 19, 2013
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15:05 EDTCBernanke says largest banks at or near compliant to Basel III rules
09:38 EDTCActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL AMAT FDX MA C GOOG DISH AMRN MRK BIDU
June 18, 2013
16:00 EDTCOptions Update; June 18, 2013
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07:29 EDTCSecurities Industry and Financial Markets Association to host a conference
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June 17, 2013
16:00 EDTCOptions Update; June 17, 2013
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14:27 EDTCCitigroup May net charge-offs 3.00% vs. 3.11% last month
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14:20 EDTCCriminal charges likely in Libor case, WSJ reports
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June 13, 2013
09:37 EDTCActive equity option families trading on open
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07:05 EDTCCitigroup credit quality trends increase confidence, says Credit Suisse
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05:52 EDTCBank seizures of U.S. homes increased in May, Reuters reports
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June 12, 2013
16:02 EDTCOptions Update; June 12, 2013
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08:20 EDTCCitigroup says to provide up to EUR200M trade financing to support Greece
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06:41 EDTCFirm says JPMorgan was top investment bank in Q1, Reuters reports
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05:58 EDTCSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTCBanks given extension to spin off swaps units, WSJ reports
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10:25 EDTCCitigroup 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 EDTCCitigroup 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 EDTCInternational 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 EDTCCitigroup 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.
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