Home » Archive for April, 2010
Citigroup (NYSE: C) Comments on Energy Industry, Favors MEMC Electronic Materials (NYSE: WFR) and First Solar (NASDAQ: FSLR)
Citigroup (NYSE: C)’s equity research team made comments on solar stocks and the impact of lower natural gas prices which is being overlooked on a short-term basis. The prompt month natural gas contract has dropped by more than... More of this article »
Citigroup (NYSE: C) Reiterates “Buy” Rating for Wal-Mart (NYSE: WMT) and Sell Rating for Safeway (NYSE: SWY)
Citigroup’s equity research team (NYSE: C) commented on the groceries industry on Friday and re-iterated its “sell” rating on Safeway (NYSE: SWY) and its “buy” rating on Wal-Mart (NYSE: WMT). The analysts... More of this article »
Citigroup (NYSE: C) Launches new “BRIC Commodities” Index
Citigroup (NYSE: C) announced that it has launched a new BRIC commodities index, which will provide investors access to commodity exposure in relation to the consumption of commodities in the four BRIC countries, including Brazil,... More of this article »
Bank of America (NYSE: BAC) Forecloses On and Sells Home on Homeowner Who was Current on Mortgage
Bank of America (NYSE: BAC) has inadvertently foreclosed on and sold a home in Jackson County, Georgia, where the two homeowners were up-to-date on their mortgage payment, according to a report from Fox’s Atlanta Affiliate. “On... More of this article »
Citigroup (NYSE: C) Equity Research Predicts Better than Expected Results for Apple (NASDAQ: AAPL)
Citigroup’s Equity Research team issued a note to clients discussing Apple Inc’s (NADASQ: AAPL) event which revealed features which will be coming on the 4.0 version of the iPhone operating system and the implications that... More of this article »
General Electric (NYSE: GE) Set to Release Earnings on April 16th
General Electric (NYSE: GE) will release the company’s first quarter 2010 earnings on Friday, April 16th. The release will be followed immediately by a conference call at 8:30 AM eastern to discuss the report. Participants in... More of this article »
Citibank Singapore (NYSE: C) Launches New Wealth Management Division
Citibank’s (NYSE: C) Singapore unit is positioning itself for growth from high net-worth individuals with investment portfolios between $1 million and $10 million in Asia with a new wealth management division. The New York-based... More of this article »
Morgan Stanley (NYSE:MS) Says Tory Victory Better for Pound, Stock Market
Morgan Stanley (NYSE:MS) has said a victory by the British Conservative party would be better for the British Pound and the stock market, reiterating what Deutsche Bank recently stated as well. In a note to clients, Morgan Stanley... More of this article »
Goldman Sachs (NYSE:GS) Upgrades J.C. Penney (NYSE:JCP) to “Buy”
Goldman Sachs (NYSE:GS) analyst Adrianne Shapira upgraded J.C. Penney (NYSE:JCP) from “Neutral” to “Buy,” with expectations that consumer spending will increase driving the decision. Including with the assumption... More of this article »
Bank of America (NYSE:BAC) Worth Three Times What it is Today if Broken Up Says Richard Bove
Rochdale Securities analyst Richard Bove took a look at Bank of America (NYSE:BAC) if they were to be broken up, and suggests if that scenario were to unfold, it would be worth about $53 a share, about three times what it stands at... More of this article »
Citibank to Provide $57.3 Million to Spanish Lehman Brothers Victims (NYSE: C)
Citibank (NYSE: C) announced on Thursday that it had come up with an agreement to pay $57.3 million (or 42.9 million euroes) in compensation to Spanish clients who lost money in investments made through Citibank in the failed investment... More of this article »
Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC) Hid Debt Levels
Citing data from the Federal Reserve Bank of New York, the Wall Street Journal reported that 18 banks, including giant banks Citigroup (NYSE:C), Goldman Sachs Group (NYSE:GS), Morgan Stanley (NYSE:MS), J.P. Morgan Chase (NYSE:JPM)... More of this article »
Barney Frank says Bank of America CEO Doing a “Very Good Job” (NYSE: BAC)
House Financial Services Committee Chairman, Barney Frank, praised current Bank of America (NYSE: BAC) CEO Brian Moynihan in a short interview Thursday with the Charlotte Observer. Frank (D-MD) said that the Charlotte-based bank... More of this article »
Goldman Sachs (NYSE: GS) Proprietary Trader Leaving Company
Goldman Sachs Group (NYSE: GS) co-head of its largest internal hedge fund, Ali Hedayat, has left the company, the second major departure from the unit in less than a month, according to a new report from Business Week. Mr. Hedayat’s... More of this article »
Citigroup (NYSE: C) Hits 5 Month High
Citigroup (NYSE: C) shares have hit a new five-month high closing at $4.47 on Thursday, marking a 2.41% gain for the day. The New York-based bank previously closed at $4.46 on October 23rd. In the past month, Citigroup has outperformed... More of this article »
NAACP to End Lawsuit Against Wells Fargo (NYSE: WFC)
The NAACP announced today that it will be ending a lawsuit against Wells Fargo & Co (NYSE: WFC) which accused the San Francisco-based bank, as well as other large-cap banks, of violating the Fair Housing and Equal Credit Opportunity... More of this article »
Lending Club Hits New Record in Month Loan Demands
Lending Club, a company which offers a peer to peer lending marketplace to its customers, has reached a new monthly record in loan demand with applicants requesting to borrow more than $100,000,000 in personal loans during the month... More of this article »
Ford Motor (NYSE: F) to Join Carbon Disclosure Project
Ford Motor Co (NYSE: F) has become the first auto manufacturer to join the Carbon Disclosure Project (CDP) Water Disclosure, a project that measures companies’ water usage, water risks and water management plans of their operations... More of this article »
Goldman Sachs (NYSE: GS) Jumps After Dick Bove Calls Firm Anti-Greece Play
Shares of Goldman Sachs (NYSE: GS) got a boost on Thursday after Rochdale Securities analyst Dick Bove said he believes the firm is buying credit-default swaps on Greece. If Bove is correct, it kind of makes Goldman an anti-Greece... More of this article »
Goldman Sachs (NYSE: GS) on Defense, Denies Betting Against Clients
Goldman Sachs (NYSE: GS) is on the defense in the court of public opinion and has denied that it has bet against its own clients by selling them mortgage-backed securities while reducing its own exposure to similar investments just... More of this article »
Wells Fargo (NYSE:WFC) Case with Raymond James (NYSE:RJF) Settled Over Broker Raids
Although bad blood continues to run between Wells Fargo (NYSE:WFC) and Raymond James (NYSE:RJF) over the alleged raiding of brokers from A.G. Edwards, they have finally settled in the battle, where Raymond James paid an unspecified... More of this article »
Goldman Sachs (NYSE:GS) Claims They Didn’t Bet Against Clients
Goldman Sachs (NYSE:GS) has been under fire from assertions they had bet against their clients by decreasing their own exposure to mortgage-backed securities while at the same time selling them to their clients. Goldman continues to... More of this article »
Former Citigroup (NYSE:C) CEO Charles Prince Grilled on the Company Being Too Big
While being evasive and unwilling to admit directly that Citigroup (NYSE:C) was so large it was impossible to manage at the Financial Crisis Inquiry Commission hearings today, former CEO Charles Prince, after denying it was too big,... More of this article »