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Citigroup (NYSE:C) Says Euro Will Rally on Greece Bailout – Are they Serious?
According to Citigroup (NYSE:C) strategist Steven Englander the euro could surge above $1.35 as the possibility of a Greece bailout bringing more stability to Europe could drive up the beleaguered currency. Englander thinks investors... More of this article »
Warren Buffett Strongly Defends Goldman Sachs (NYSE:GS) Over Fraud Charges
At the highly popular annual shareholders meeting of Berkshire Hathaway (NYSE:BRK), Warren Buffett came out strongly in defense of Goldman Sachs (NYSE:GS) over the fraud allegations leveled against them. Buffett told shareholders that... More of this article »
Canada Faces Real Risks says Morgan Stanley (NYSE:MS)
After some glowing reviews from Moody’s (NYSE:MCO) and the Bank of Canada, it seems the country is poised to grow at rates faster than expected, but Morgan Stanley (NYSE:MS) says there are some very real risks Canada faces, and... More of this article »
Bank of America (NYSE:BAC) Chairman Charles “Chad” Holliday Could Help International Expansion
The choice of Charles “Chad” Holliday as the new chairman of Bank of America (NYSE:BAC) may have been at least partially influenced by his experience as CEO of DuPont (NYSE:DD) at a time when the company was expanding it... More of this article »
Citibank (NYSE:C) Says French, German Banks Have Greatest Exposure to Greek Debt
Citibank (NYSE:C) analysts say French and German banks are at high risk as their exposure to Greek debt could result in billion of euros in losses and write-downs for the financial institutions based in those countries. Citibank said... More of this article »
Opinion: Goldman Sachs (GS) is Only the Tip of “Quant” Iceberg
I recently read The Quants, a book by Wall St. Journal reporter Scott Patterson. The book talks about the rise, and perhaps fall, of a group of mathematicians and computer scientists turned investment bankers and hedge fund managers. Their... More of this article »
Warren Buffett Has No Problem with Berkshire Hathaway (NYSE:BRK) Stake in Goldman Sachs (NYSE:GS)
According to Berkshire Hathaway (NYSE:BRK) director, Thomas Murphy, cited by Bloomberg News, Warren Buffett has little concern over the large stake Berkshire holds in the giant financial firm, regardless of the current fraud charges... More of this article »
Citigroup (NYSE:C) Says Greece Becoming a European Union Contagion
Citigroup’s (NYSE:C) Mark Schofield, global head of interest-rate strategy in London, said concerning the Greece sovereign debt debacle that “We’re seeing contagion.” He is referring Portugal, Spain and Italy,... More of this article »
Media Reports that German Bank BayernLB (BAYB.UL) Cut Ties with Goldman Sachs (NYSE:GS) Not True
Sloppy research and reporting from media outlets that German bank BayernLB (BAYB.UL) had cut all ties with Goldman Sachs (NYSE:GS) are untrue, as all the story really entailed the cancellation of only one consultancy agreement. Communicating... More of this article »
Citigroup (NYSE:C) Says Real Estate Correction in Chinese Market Inevitable
An increasing number of analysts and investors are concerned over how quickly and high Chinese real estate prices have risen, and according to Citigroup (NYSE:C), there a correction in the Chinese property market is inevitable, and... More of this article »
Why U.S. Government Wants Citigroup (NYSE:C) Over $5 A Share
At the recent Citigroup (NYSE:C) shareholder meeting, a number of shareholders pushed for a reverse stock split in order to increase the price of the company, as I wrote about earlier. This is also why there has been so much positive... More of this article »
Questions About the SEC in Case Against Goldman Sachs (NYSE:GS)
There can be no doubt the charges by the SEC against Goldman Sachs (NYSE:GS) have been waiting in the wings as a political tool to use at the right time to promote the agenda of the Obama Administration, which has been tottering on... More of this article »
Citigroup (NYSE:C) Doubles Profits, Pandit’s Guidance Cautious
Although Citigroup (NYSE:C) CEO Vikram Pandit was happy with the first quarter results, which surprised some by doubling profits and increasing revenue, Pandit was quit to add caution on any type of positive guidance going forward,... More of this article »
Technical’s May Indicate Decline in Citigroup (NYSE: C) Share Price
Citigroup Inc Shares (NYSE: C) closed down by $0.02 or -0.43% on Tuesday, despite seeing 596 million shares of the company’s stock trading hands during the day. Citigroup had what some in the investment world would refer to as... More of this article »
Citigroup Cuts Dead Weight, Sets Eyes on Growth (NYSE: C)
Citigroup Inc (NYSE: C) has gotten past the financial crisis and now with the U.S. Treasury announcing plans to divest itself from the New York-based bank. Citigroup is in the process of regrouping and has ridden itself of most of... 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 »
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 »
Does Dick Bove’s Earnings Outlook Spell Trouble For Big Banks Like Bank Of America (NYSE: BAC)?
Well known banking analyst Dick Bove warned in a CNBC interview on Wednesday that earnings from the banking sector will likely disappoint in the first quarter. Bove, a financial strategist at Rochdale Securities, believes the expectations... More of this article »
Are Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) the Banks to Invest in?
We can’t escape the hoopla surrounding the alleged recovery of banks like Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC), but the question must be... More of this article »
Has Citigroup (NYSE:C) Really Turned Around?
From an investors point of view, the positive news about Citigroup (NYSE:C) and the alleged turnaround of the company is worrisome, as there is far too much hype about the great job chief executive officer Vikram Pandit has done at... More of this article »