New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 28, 2014
05:31 EDTCCitigroup downgraded to Hold from Buy at Societe Generale
Societe Generale downgraded Citigroup citing a disappointing capital return outlook after the Federal Reserve rejected the bank's plan. The firm lowered its price target for shares to $52 from $58.
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.
1 | 2 | all recent C news | >>
July 16, 2015
11:32 EDTCCiti sees 'roughly' maintaining Q2 NIM level in Q3
Subscribe for More Information
11:13 EDTCCiti to host conference call
2Q15 Fixed Income Investor Review conference call to be held on July 21 at 11 am. Webcast Link
11:07 EDTCCiti says environment still 'challenging,' 'unsettled'
Subscribe for More Information
09:35 EDTCActive equity options trading on open
Subscribe for More Information
09:08 EDTCOn The Fly: Pre-market Movers
Subscribe for More Information
08:58 EDTCCiti says 'tracking well' to 2015 financial targets
Citigroup says "tracking well" to its 2015 financial targets, with modest revenue growth and positive operating leverage in Citicorp; says Citicorp had efficiency ratio of 55%, Citigroup ROA of 103 bps in 1H15. Says Q2 results show continued progress in challenging environment. Says gaining wallet share, improving efficiency of core franchise, winding down non-core assets, maintaining balance sheet discipline, utilizing deferred tax assets. Comments from slides that will be presented on the Q2 earnings conference call.
08:04 EDTCCiti reports Q2 Citicorp revenue $17.8B, up 2% from a year ago
Reports Q2 Global Consumer Banking revenue $8.5B. ICG revenues increased 6% from the prior year period to $8.9B. Citi Holdings revenues of $1.7B in the second quarter 2015 included CVA/DVA of $9M, compared to negative $1M in the prior year period.
08:03 EDTCCiti reports book value per share of $68.27 at end Q2
Subscribe for More Information
08:02 EDTCCiti CEO says Q2 results show 'very balanced performance' across business lines
Subscribe for More Information
08:01 EDTCCiti reports Q2 common equity tier 1 capital ratio 11.4%
Subscribe for More Information
08:00 EDTCCiti reports Q2 EPS ex-CVA/DVA $1.45, consensus $1.34
Reports Q2 revenue $19.5B, consensus $19.11B. CVA/DVA was $312M, or $196M, in the second quarter 2015, compared to negative $33M in the prior year period. Second quarter 2014 results also included the impact of a $3.8B charge, or $3.7 billion after-tax, to settle legacy RMBS and CDO-related claims.5 Excluding CVA/DVA, revenues were $19.2B, down 2% from the prior year period. Excluding CVA/DVA and the impact of the mortgage settlement in the prior year period, earnings were $1.45 per diluted share, up 17% from prior year earnings of $1.24 per diluted share. Including CVA/DVA, EPS was $1.51.
July 15, 2015
16:00 EDTCOptions Update; July 15, 2015
Subscribe for More Information
15:27 EDTCCiti July 56.5 straddle priced for 2.4% movement into Q2
14:53 EDTCNotable companies reporting before tomorrow's open
Subscribe for More Information
14:05 EDTCCiti reports June credit loss 2.49% vs. 2.86% last month
Subscribe for More Information
13:56 EDTCEarnings Watch: Analysts mixed on Citi after settlements, asset sales
Subscribe for More Information
13:50 EDTCEarnings Watch: Goldman Sachs to report after last quarter's earnings beat
Subscribe for More Information
July 14, 2015
09:56 EDTCScotiabank to acquire Citi's Retail, Commercial Banking ops in Panama, Costa Rica
Scotiabank (BNS) announced that an agreement has been reached to acquire Citigroup's (C) retail and commercial banking businesses in Panama and Costa Rica, subject to regulatory approval. Scotiabank's common equity tier one capital ratio will be impacted by approximately 15 basis points. This transaction will aim to provide a significant lift to the Bank's market share in credit cards to approximately 18% in Panama and 15% in Costa Rica, ranking Scotiabank number two in both countries in this segment. This acquisition will nearly triple Scotiabank's customer base in these two countries from approximately 137,000 to 387,000. Citibank's operations in Costa Rica and Panama include 27 branches which serve more than 250,000 retail and commercial banking customers. The agreement also includes the assumption of Citigroup employees from the retail and commercial banking businesses in Panama and Costa Rica by Scotiabank Panama and Costa Rica, respectively. Until the transaction receives the necessary regulatory approvals, all operations, branches, products and benefits programs will continue to operate as usual. Scotiabank and Citibank will work together to ensure a smooth transition for customers and employees.
July 13, 2015
14:23 EDTCEarnings Watch: JPMorgan reports with analyst sentiment mixed after forex fine
Subscribe for More Information
06:51 EDTCU.S. banks prepare for higher loan losses, Reuters reports
U.S. banks might begin preparing for higher loan losses in the coming quarters after falling oil prices have made oil producers more likely to default on loans, Reuters reports, citing analysts. Banks are expected to set aside money to cover bad loans when they post results over the next few quarters, the report says. 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
1 | 2 | all recent C news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use