New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For JPM;BAC;GS;C;USB;MS;WFC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
January 15, 2015
11:39 EDTCCiti says 2015 repositioning costs 'shouldn't be like' 2014
Subscribe for More Information
11:34 EDTCCiti sees Citi Holdings staying 'at or above' breakeven in FY15
Subscribe for More Information
11:32 EDTCCiti sees FY15 revenue growth for Citicorp in low to mid single digit percentage
Subscribe for More Information
11:30 EDTCCiti sees 1H15 NIM to be 'more or less flat' to FY14 levels
Comment from Q4 earnings conference call.
10:19 EDTCCiti says committed to 2015 targets, returning capital to shareholders
Citi says active sales processes ongoing for consumer operations marked for exit. Will continue to serve institutional clients in these countries, but operations will be reported as part of Citi Holdings as of 1Q15. Citi says active processes underway to exit certain non-core institutional businesses in a "timely and economically rational manner." Says roughly half of those non-core institutional businesses operationsí pre-tax loss in 2014 was directly related to repositioning and other actions associated with the exits. Citi is targeting a 2015 consumer banking efficiency ratio of 49%-52%, compared to a ratio of 56% in 2014 and a pro forma 2014 ratio of 55%. Citi is targeting a 2015 institutional clients group efficiency ratio of 43%-57%, compared to a ratio of 59% in 2014 and a pro forma 2014 ratio of 58%. Citigroup reports a Q4 net interest margin of 2.92%, up from 2.91% in Q3 and from 2.88% in 4Q13. Citi sees positioning for increased return of capital over time in 2015. Comments from slides for Q4 earnings conference call.
10:13 EDTBACBank of America reports December default rate 3.13% vs. 3.08% last month
Subscribe for More Information
09:36 EDTBAC, CActive equity options trading
Subscribe for More Information
09:31 EDTBACBank of America upgraded to Sector Perform from Underperform at Portales
Subscribe for More Information
09:21 EDTBACBank of America says funded exposure to oil/gas about $23B at end year
Subscribe for More Information
09:15 EDTBAC, COn The Fly: Pre-market Movers
Subscribe for More Information
09:14 EDTMSMorgan Stanley naming new managing directors, sources say, Reuters reports
Morgan Stanley CEO James Gorman and other senior executives have been calling employees named to the new class of managing directors at the bank, Reuters reports, citing sources. The bank is expected to make an announcement today with the names of the new managing directors. In 2014, Morgan Stanley named 153 new managing directors. Reference Link
09:10 EDTBACBofA CFO says Q4 noninterest expense lowest since Merrill Lynch merger
Subscribe for More Information
09:05 EDTBACBank of America sees pick-up in mortgage production in Q1 from re-fi
Subscribe for More Information
08:08 EDTCCiti reports Q4 net interest margin 2.92%
08:07 EDTCCitigroup reports Citi Holdings assets down 16% to $98B
Citigroup reports Q4 Citi Holdings revenues of $1.3B, which included CVA/DVA of negative $5M, compared to $1M in the prior year period. Excluding CVA/DVA, Citi Holdings revenues increased slightly from the prior year period driven by higher gains on asset sales and lower cost of funds. As of the end of the quarter, Citi Holdings assets were $98B, 16% below the prior year period, and represented approximately 5% of total Citigroup assets. Citi Holdings allowance for credit losses was $4.5B at the end of Q4, or 6.20% of loans, compared to $6.5B, or 6.98% of loans, in the prior year period. 90+ days delinquent consumer loans in Citi Holdings decreased 28% to $2.0B, or 2.88% of loans.
08:05 EDTCCiti CEO says overall 2014 results fell short of expectations
Subscribe for More Information
08:03 EDTCCiti reports Q4 net credit losses down 12% from prior year to $2.2B
Citi reports Q4 legal and related expenses and repositioning charges totaled $3.5B in the current quarter, compared to $1.0B in the prior year period. Citigroupís cost of credit in Q4 was $2.0B, a decrease of 3% from the prior year period, primarily reflecting a $299M improvement in net credit losses, partially offset by a lower net release of loan loss reserves. Reports Q4 loan loss reserve release of $441M. Reports Q4 provision for benefits and claims $206M. Citigroupís book value per share was $66.16 and its tangible book value per share was $56.83, each as of quarter end, representing 1% and 3% increases, respectively, versus the prior year period. At quarter end, Citigroupís Basel III Common Equity Tier 1 Capital ratio was 10.5%, up from 10.1% in the prior year period. Citigroupís estimated Basel III Supplementary Leverage ratio for the fourth quarter 2014 was 6.0%, up from 5.4% in the prior year period.
08:00 EDTCCiti reports Q4 EPS 6c, consensus 11c
Subscribe for More Information
07:49 EDTJPMJPMorgan valuation attractive, says Argus
Subscribe for More Information
07:32 EDTBACBank of America down 2.2% after Q4 revenue miss
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent 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