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Citigroup (NYSE:C) Finalizes Sale of Primerica Shares, Ready for Monday’s Quarterly Report
On a daily basis Citigroup (NYSE:C) has by far been the most traded stock on the exchange, and Monday is sure to be a huge day as the company prepares to report its quarterly results, which will be before the market opens. It helps... More of this article »
Citigroup (NYSE:C) Smashes Through $5 Barrier
For the first time since October 2009, Citigroup (NYSE:C) surged above $5 a share, continuing the rally it has enjoyed so far throughout April. So far in April Citigroup has exploded for almost a 25 percent gain, largely on the news... More of this article »
Theflyonthewall.com Asks for Ban to be Lifted in Case Against Banking Giants Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) and Barclays (LSE:BARC)
Theflyonthewall.com has pressed U.S. District Judge Denise Cote to remove the ban she placed on the company in March in a case brought against them by banking giants Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) and Barclays... More of this article »
Goldman Sachs (NYSE:GS) Recommends Buying Low Cost Ebay (Nasdaq:EBAY) Options Before Earnings Report
With expectations the eBay (Nasdaq:EBAY) earnings report could be “volatile,” Goldman Sachs’ John Marshall and Maria Grant, equity derivatives strategists for the company, recommend buying “low cost” options as... More of this article »
Citigroup (NYSE:C) Selling Hedge Fund Business Citi Alternative Investments to Skybridge Capital
Citigroup (NYSE:C) has reportedly sold their hedge fund business – which had operated as Citi Alternative Investments – to Skybrdige Capital, the investment company launched by Anthony Scaramucci. As a result, an additional... More of this article »
Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and JPMorgan Chase (NYSE:JPM) Extremely Vulnerable to HELOCs
Based on the conclusion of one of the top research firms, CreditSights Inc., Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and JPMorgan Chase (NYSE:JPM) could be slammed by home equity line of credit (HELOC) loans this year, having... More of this article »
Bank of America (NYSE:BAC) Mortgage Picture Not Looking Pretty Says President of Home Loans
In her testimony before the House Financial Services Committee today, which assembled to find out where the bank is in regard to modifying mortgages in trouble, president of Bank of America Home Loans, Barbara Desoer, didn’t... More of this article »
Citigroup (NYSE:C) Says U.S. Dollar Could Drop Against Euro, British Pound
Citigroup (NYSE:C) technical analyst Aron Gera says the U.S. dollar will probably fall against the euro and British pound, based on emerging technical patterns. That’s an interesting insight in that the euro and pound have been,... More of this article »
Citigroup’s (NYSE:C) Failure May Have Been Caused by ‘Liquidity Puts’ Says FCIC
After digging deeper into the practices of Citigroup (NYSE:C) which led to them being required to be bailed out by taxpayers, the Financial Crisis Inquiry Commission (FCIC) has targeted what are called ‘liquidity puts,’ which are... More of this article »
Bank of America (NYSE:BAC) Downgrades Infineon to ‘Underperform’
Infineon Technologies AG, which is the No. 2 maker of computer chips in Europe, was downgraded by Bank of America (NYSE:BAC) from “Neutral” to “Underperform” today. The primary business of Infineon is supplying... More of this article »
Citigroup (NYSE:C) Increases Contract Size with Federated Investors (NYSE:FII) in Managed Accounts Unit
Citigroup (NYSE:C) communicated today that they have increased the size of the contract they have with Federated Investors (NYSE:FII) in the managed accounts services they provide for the company. The specific products used to expand... More of this article »
Citigroup (NYSE:C) Hired by Detroit Pistons to Value Company in Preparation for Sale
The Detroit Pistons have hired Citigroup (NYSE:C) to determine what the basketball franchise is worth in anticipation of current owner Karen Davidson selling the team. Davidson took over ownership a little over a year ago when her... 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 »
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 »
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 »
J.P. Morgan (NYSE:JPM) Entering Corporate Banking Sector of India
With a number of Business services ready to launch in India, JP Morgan (NYSE:JPM) is about to tackle the challenge of creating a sustainable business model in the country concerning that growing market. Included in their services they... More of this article »
Bank of America (NYSE:BAC) May Cut Ties with Massey Energy (NYSE:MEE)
As scrutiny continues to be on Massey Energy (NYSE:MEE) in relationship to the tragic explosion which resulted in 25 deaths of miners in West Virginia, companies like Bank of America (NYSE:BAC) are under increasing pressure to break... More of this article »
Everyone at Citigroup (NYSE:C) Missed CDO Risk
At a hearing today, executives from Citigroup (NYSE:C), and former executives, gave testimony concerning the CDO holdings of the company, and so far have revealed everyone at the company, and those consulting them, missed the risks... More of this article »
Morgan Stanley (NYSE:MS) Calls InterOil (NYSE:IOC) ‘Long Research Tactical Idea’ – Stock Surges
After Morgan Stanley (NYSE:MS) analyst Evan Calio called InterOil (NYSE:IOC) a ‘Long Research Tactical Idea,’ the stock surged by over 4 percent, and while pulling back a little, still is up by over 3.5 percent as I write. Morgan... More of this article »