Citibank (NYSE: C) said that investors should increase their holdings in the British pound, predicting a rally to an exchange rate of $1.57 after it closed yesterday at $1.52, citing technical indicators.
The Pound strengthened 1.2% to $1.5243 in New York on Wednesday, the largest one-day gain for the pound in five months. On March 1st, [...]
Industry News Articles
Citibank (NYSE: C) Bullish on British Currency
Citigroup (NYSE: C) Continues to Restructure, IPO for Primerica
Citigroup (NYSE: C) continues to restructure the firm as it continues to rise out of the ashes. The firm is rapidly shedding assets and building liquidity, which should bode well for it in the coming years. The financial behemoth became too large and slow to respond to the changing landscape, and are now continuing to [...]
March 18th, 2010 | Alex | Comments | Continued
Citibank Maintains Sell Rating on Athena Health (NADASQ: ATHN),
Citibank (NYSE: C) maintained its “sell” rating on Athena Health (NASDASQ: ATHN) and reiterated its $35.00 price target, despite lowering the company’s estimated earnings per share and lower implementation revenue.
Analyst Charles Boorady said, “On the earnings call, management reiterated 30+% revenue growth target each year, but also stated greater investment in selling and marketing in [...]
Citibank (NYSE: C) Raises Price Target on Emdeon (NYSE: EM), Maintains Hold Rating
Citibank (NYS:E C) analysts maintained its hold rating on Emdeon (NYSE: C) and raised their price target on the company to $20.00, up from $19.00 after the company announced their fourth quarter earnings per share and offered a positive outlook for 2010.
Analyst Charles Boorady said, “EM released 4Q09 earnings am on Tuesday, reporting 4Q09 Cash [...]
Citigroup (NYSE: C) Reiterates Buy Rating on American Express (NYSE: AXP)
Citigroup (NYSE: C) reiterated its buy rating on American Express (NYSE: AXP) and maintained their $48.00 price target following a meeting that American Express executives had with investors.
Citi analyst Donald Fandetti commented, “Internally, AXP is keenly focused on growth initiatives. Mgt believes they are well positioned to fend off competitors that are now targeting the [...]
U.S. Government May Sell Citigroup Shares after April 19th (NYSE: C)
The U.S. government may begin winding down its ownership in Citigroup (NYSE: C) after the company releases its first quarter earnings numbers on April 19th, according to a new report from the WSJ.
The U.S. government’s lock-up period ended on Tuesday, allowing the 27% stake that the Treasury Department owns in Citigroup to be sold. The [...]
Trading Volume Ramps Up In Hartford Financial (NYSE: HIG) Ahead Of TARP Repayment, Stock Offering
Trading volume on shares of Hartford Financial (NYSE: HIG) surged on Thursday following the insurer’s pricing of its secondary stock offering. The offering is part of Hartford’s plan to raise capital in order to payback taxpayer money, a plan it announced yesterday.
Hartford, along with many other insurers received government aid following the bailout of AIG. [...]
Hartford Financial Services Group (NYSE:HIG) Selling Bonds to Repay TARP
Hartford Financial Services Group (NYSE:HIG) announced it will sell $1.1 billion in bonds and another $1.95 billion in preferred and common stock in order to pay back the $3.4 billion in TARP funds it received from the Treasury Department.
Capital raised from the bond offering will be used by Hartford to buy back preferred shares held [...]
First American Sued by Bank of America (NYSE:BAC) Over Claims of ‘Lien Protection’
The lawsuits continue to fly in reference to the banking industry, as everyone is trying to recoup losses from the ongoing mortgage debacle which still has a long way to go before they’re purged from the system. The latest Lawsuit is from Bank of America (NYSE:BAC), which is suing First American Corp., a title insurer [...]
March 18th, 2010 | Gary | Comments | Continued
Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C) Request to Change 2003 Firewall Agreement Denied by Judge
A legal agreement between Morgan Stanley (NYSE:MS), Citigroup (NYSE:C) and the Securities and Exchange Commission created a firewall which separated the investment banking units of the companies form research analysts. A request to have that firewall changed was denied by Judge William Pauley III of the Southern District of New York.
The reason the firewall was [...]
Citibank (NYSE: C) Maintains Buy Rating on Microsoft (NASDAQ: MSFT), Raises Price Target
Citibank (NYSE: C) maintained its “Buy” rating on Microsoft Corp. (NASDSAQ: MSFT) and raised the company’s price target to $32.00, up from $31.00 after visiting Microsoft’s Redmond campus.
Analyst Walter H. Pritchard said, “We still believe there is upside to numbers, and we are raising our FY11 EPS based on recent OpEx guidance. Our price target [...]
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says. 
This dog of a stock is finally moving in the right direction, and then "Citibank's team of equity strategists" downgrade ...