All Posts Tagged With: "Citigroup Inc."

Shares of Wall Street banks Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) held up on Tuesday despite seeing first quarter earnings estimates cut by analysts at Citigroup (NYSE: C). Stocks for both firms finished the session relatively flat, even with the news of a reduction to estimates. Citigroup analysts believe the two banks [...]

The Treasury Department reported Monday that new lending dropped 35 percent in January at the nine largest banks that still owe bailout money.  However, average loan balances did rise 2 percent compared to December, the highest level since September. The report is based on a survey by the Treasury Department, with January’s report being the [...]

It’s fun watching the Citigroup (NYSE:C) shares rise, as it reminds you of people making huge investments based on nothing but the herd mentality, as Citigroup has nothing happening to it that justifies the stock being bid up like it is, but I know those moving in and out of the market are loving it. [...]

As usual Barack Obama misread the mood of the public and his constant hammering of banking pay ended up backfiring, as people got fatigued from it all and the business community in general started to see Obama’s anti-business beliefs. In a complete turnaround from attacking banking bonuses and executive pay, Obama said this in response [...]

The head of the Securities and Exchange Commission (SEC), Mary Schapiro, admitted today that it is investigating the sales practices of Collateralized Debt Obligations (CDOs) of Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and Goldman Sachs (NYSE:GS).  The admission came before the Federal Crisis Inquiry Commission on Thursday and was the most direct [...]

Amidst public displeasure and regulatory scrutiny over bonus payments, several large U.S. banks received a letter from New York Attorney General Andrew Cuomo requesting information on bonus allocations.  The letter went to eight of the nation’s largest banks that received taxpayer money. Bank of America (NYSE: BAC), Bank of New York Mellon (NSYE: ), Citigroup [...]

From a contrarian investment point of view, it seems that Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NSYE:WFC) are at a good place to consider some serious investing in the companies, as there is still a stain on all the banks, but it’s getting a little clearer and better for them, [...]

It’s probably worse to have attempted the paying back of TARP funds and to have failed, than to not have tried at all, which is increasingly looking what Citigroup (NYSE:C) should have done. Trying to ride the skirts of Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC), it seems that Citigroup CEO Vikram Pandit prematurely [...]

In an attempt to hide its activities from the investigation of California Attorney General Jerry Brown, ACORN dumped thousands of documents into a dumpster which could result in class action lawsuits against banks working with the corrupt ACORN organization. Especially vulnerable at this time is Citibank (NYSE:C), and to a lesser extent, JPMorgan (NYSE:JPM). Documents [...]

Named the Kuwait Investment Authority (KIA), which is the sovereign wealth fund of the country, the entity, which helped Citibank (NYSE:C) with bailout funds, profited wildly when it recently sold its share in the company for $4.1 billion, pocketing a cool profit of $1.1 billion. In the midst of the global crisis in January 2008, [...]