Oil prices closed slightly higher after an early rally aided by data showing stronger-than-expected China demand and some technical price recovery.» Read More
U.S. stock index futures turned lower on Wall Street on Wednesday as investors digest a mixed bag of earnings releases.
Manuel Medina-Mora, chairman of the bank's Mexico unit, told WSJ that he is preparing to leave in the coming months.
Oct 15- Bank of America Corp, the No. 2 U.S. bank by assets, reported a small quarterly loss applicable to common shareholders on Wednesday, largely due its record $16.65 billion mortgage settlement with the U.S. government in August. The bank posted a net loss attributable to shareholders of $70 million, or 1 cent per share, for the three months ended Sept. 30, compared...
Most Asian bourses traded higher on late Wednesday, as benign Chinese inflation data fueled hopes of additional easing while a weaker currency provided support for Japanese shares.
A new scandal has erupted at Citigroup's Mexican unit, the NYT reports.
NEW YORK— Fear drove Wall Street to one of its most dramatic, dizzying days in years on Wednesday. "I think it's fair to call it a global growth scare right now," said Bill Stone, chief investment strategist at PNC Asset Management. Germany, Europe's biggest economy, is struggling.
Oct 14- Manuel Medina-Mora, head of Citigroup Inc's consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation. Citigroup said on Tuesday it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank...
Oct 14- Manuel Medina-Mora, head of Citigroup Inc's consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation. Citigroup representatives did not immediately respond to an email seeking comment outside regular U.S. business...
John Thompson, CEO & CIO at Vilas Capital, is upbeat on Citi in the long run and urges investors to look beyond short-term risks stemming from the slowdown in Europe and Asia.
Sean Goldsmith, Strategist at Stansberry Research, discusses the earnings releases from major banks such as JPMorgan Chase, Citigroup and Wells Fargo.
Though there was progress on Tuesday with a short market rally, there's still work to be done to achieve Cramer's market rally checklist.
Bank of America Corp. rose$. 12 or. 7 percent, to $16.52. Citigroup Inc. rose $1.57 or 3.1 percent, to $51.47. Goldman Sachs fell$. 07 or percent, to $178.70.
NEW YORK, Oct 14- Brent crude prices marked their biggest decline in more than three years on Tuesday and U.S. and German debt attracted buyers on lingering anxiety over world economic growth. Wall Street struggled to maintain gains, after rising more than 1 percent earlier, as energy shares slid to enter a bear market. An MSCI gauge of major stocks worldwide was...
NEW YORK, Oct 14- The S&P 500 and Nasdaq ended up slightly on Tuesday, breaking a three-day string of declines that marked their worst losses since 2011, while the Dow finished lower for a fourth session on lingering worries about global demand. The benchmark index has lost 6.6 percent since its Sept. 18 record closing high and is now up just 1.6 percent for the year,...
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Johnson& Johnson, down $2.11 to $97.01. Citigroup Inc., up $1.57 to $51.47.
Stocks failed to hold gains after a strong rally, as oil's late-day plunge overshadowed the bounce in tech, transports and industrials.
Stocks rose on Tuesday as investors considered earnings from three banking powerhouses.
Intel shares dipped after Reuters sent out a false earnings alert a few hours before the tech firm was scheduled to report its quarterly results.
Anxiety about a slowing global economy stoked a rally in the U.S. bond market, with benchmark yields at their lowest level in 16 months.
*JPMorgan dips, Citigroup climbs after results. "It was disappointing to see the gains we've had over nine months dissipate so quickly," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston. Early third-quarter earnings reports have been mixed, but Citigroup, up 2.7 percent at $51.26, was among the top boosts to the benchmark S&P index...