All Posts Tagged With: "Citigroup Inc. (NYSE: C)"
Look Out Below! Citigroup (C) Leads the Big Banks in Reporting Lower Loan Balances
Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), and JPMorgan Chase (JPM) all reported lower outstanding loan balances in the first quarter. CNNMoney is reporting that all told, average loans outstanding at the four banks dropped 7% from a year earlier – a decline of $210 billion — even as deposits rose 5%. Citigroup [...]
J.P. Morgan Chase (NYSE: JPM) Offers Mixed Bag in Earnings Report
The good news in J.P. Morgan Chase’s (JPM) first-quarter earnings report came from strong results in their credit card, commercial banking, and asset management businesses. In addition to a first-quarter profit that shattered expectations, the bank reported deposit growth of 4%, a 14% lift in mortgage originations and a 21% decrease in non-performing loans. The [...]
Customers of JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Capital One (NYSE: COF), and US Bancorp (NYSE: USB) May Have E-Mail Addresses Hacked
Customers of some of the nation’s largest companies, including many of the nation’s largest banks, may begin to receive a flood of unwelcome mail due to a security breach at a national third-party email fulfillment company. JPMorgan Chase (JPM), Citigroup Inc. (C), US Bancorp (USB) were among the companies that were reporting that some of [...]
Goldman Sachs (NYSE: GS) CEO Blankfein Doubles Bonus in 2010.
It’s hard to say that things have really changed on Wall Street when a bad year for Goldman Sachs (GS) results in CEO Lloyd Blankfein receiving a total compensation of $18.6 million. In an article on Street Sweep, Colin Barr reported about the compensation package, which Goldman reported in its annual proxy statement filed on [...]
Will JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) Impose a Debit Card Limit?
Well maybe that need to decline overdraft protection wasn’t really necessary after all. Imagine being out for dinner with your family and having your debit card declined. Not because of insufficient funds. But because you decided to have an appetizer that put your total bill over $50. That could be a situation many customers will [...]
Citigroup (NYSE: C) Finding a Line of Buyers for CitiFinancial Unit
As part of an ongoing effort to restructure its business operations, Citigroup (C) has put CitiFinancial, its consumer finance unit, up for sale. And according to a report by Bloomberg, there is no shortage of potential buyers. The list of prospective companies is headlined by the Spanish bank – Banco Santander SA (STD). BlackRock [...]
JPMorgan Chase (NYSE: JPM) Projecting Up To $4.5 Billion in Legal Losses
JPMorgan Chase (JPM) may be coming soon to a courtroom near you. And that’s not good news for the second-biggest U.S. bank by assets. In coming years, the bank is anticiating legal losses could exceed what they have set aside by as much as $4.5 billion. In 2010, JPMorgan’s legal costs soared to $7.4 billion from [...]
Bank of America (NYSE: BAC), Citigroup (NYSE: C) Leading the Way With Preferred Stock Dividends
There’s been a lot of speculation regarding whether or not the banks that received TARP funding would be allowed to issue dividends. However, if you’re willing to take a little risk for a guaranteed dividend, then you may be interested in the preferred stocks offered by many of these banks. Preferred stocks generate a dividend [...]
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon Could Receive Up to $17 Million in Compensation
They may not be the number one bank in assets, but in terms of CEO compensation, JPMorgan Chase (JPM) can say they’re number one. After posting a $17.4 billion profit for 2010, JPMorgan Chase & Co. awarded Chief Executive Jamie Dimon restricted stock and options that could be worth $17 million. The award is a [...]
U.S. Bancorp (NYSE: USB) Meets Expectations in 4Q 2010 Earnings
In what’s shaping up to be a good news/bad news earning season, U.S. Bancorp (USB) delivered the latest round of good news with reported fourth quarter 2010 earnings that were in line with analysts’ estimates. Over the course of the last four quarters, USB has either met or surpassed earnings predictions in each quarter. Last [...]
J.P. Morgan Chase & Co. (NYSE: JPM) Reports $4.8 Billion Quarterly Profit
Like much of the news surrounding the banking industry, it’s hard to know what to make of J.P. Morgan Chase’s (JPM) stronger-than-expected announcement of a $4.8 billion quarterly profit. But that’s what analysts set out to do when they heard from JPM Chief Executive Jamie Dimon in a conference call to address the earnings report. [...]
First Horizon National Corp (NYSE: FHN) Reveals TARP Repayment Plan, But Will Other Regional Banks Follow?
First Horizon National Corp (FHN) said it is selling debt and equity to pay off $867 million of TARP aid. First Horizon’s shares rose as investors cheered its move to shed government support. Analysts said the repayment plan could be the first of another wave of TARP repayments, and suggest that the U.S. banking system [...]
Re-Engineered Citi (NYSE: C) Pays Back Treasury – Poised For Growth
A recent blog post from Zacks shows that the reports of Citigroup Inc.’s (C) demise, were premature at best. The optimism surrounding Citi’s recovery goes well beyond finalizing its final sale of all bailout funds received from the U.S. Treasury. The company is now focused on inducting strategic initiatives to improve its profitability in [...]
As Bank Defaults Mount, Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Citigroup (C), Could Have to Pay More Into FDIC Fund
Reuters is reporting on a new proposal issued by U.S. regulators on Tuesday that would require large banks to pay more into a government fund used to cover the cost of seizing failed banks. Bank of America (BAC), JPMorgan Chase & Co (JPM) and Citigroup (C) combined would pay about $1 billion more annually in [...]
There’s an App for That. Bank of America (NYSE: BAC), Citigroup (NYSE: C) Said to be Testing iPhone For Secure E-Mail
Two of the nation’s largest banks are said to be in a testing phase that could lead to Apple Inc.’s (NASDAQ: APPL) iPhone breaking the stranglehold in the corporate smartphone market. Bloomberg News is reporting that Bank of America (BAC) and Citigroup (C) are considering whether to let employees use the Apple iPhone as an [...]
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