Stocks Citigroup Inc

  • Citibank

    Deutsche Bank analyst Mike Mayo said that Citigroup may post third-quarter write-downs of about $8 billion from its exposure to collateralized debt obligations (CDOs), a day after Merrill Lynch agreed to sell its CDOs for just 22 cents on the dollar.

  • Two weeks after reporting huge losses, Merrill Lynch has surprised the Street with significant sales and capital raising. They are: 1) selling $30.6 b in CDOs. They were carried on the books at a value of $11.1 b; buyer Lone Star is paying $6.7 b ($0.22 on the dollar), but Merrill is financing three-quarters of the sale;

  • If the Commission chooses to no longer enforce its naked short selling rule, the financials could be in some real trouble.

  • Merrill Lynch

    Merrill Lynch said it expects to take a $5.7 billion pretax writedown in the third quarter due to losses on the sale of mortgage assets and plans to raise at least $8.5 billion by selling new common shares.

  • Stocks declined Monday, led by financials after two more banks folded. Oil ticked higher after three straight weeks of decline, clipping consumer-discretionary stocks, including homebuilders, airlines and retailers.

  • Stocks declined Monday, led by financials after two more banks folded. Oil ticked higher after three straight weeks of decline.

  • A number of factors have been proposed to account for the weakness in financials today. Several traders have pointed to National Australia Bank, which on Friday revealed that exposure to the U.S. subprime market was forcing them to set aside an additional $805 million...

  • Henry Paulson

    Treasury Secretary Henry Paulson said the nation's four biggest banks were ready to kick-start a market for covered bonds that could help significantly expand home mortgage financing.

  • As of this morning, 256 (just over 50%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...

  • Pimco's Bill Gross made comments on the housing market, and Facebook's CEO explained his firm's new site design.

  • The theater? Citigroup and XTO Energy. Cramer explains why.

  • A major Middle Eastern investor should help the company. But there are more reasons to like this stock.

  • Maybe Wall Street really is drunk. Somehow the Biblical parable ''the last shall be first and the first shall be last" is shaping up to be the dominant theme this earnings season. E.g., in the past two weeks, the Financial and Discretionary sectors have dominated the market...

  • Traders buy and sell crude oil futures contracts at the New York Mercantile Exchange.

    Wall Street so far has not merely survived earnings season, but has thrived as banks mostly lived up to lowered expectations.

  • Stocks surged in the final hour of trading as a sharp drop in oil prices and an analyst note prompted a late rally in financials. The Nasdaq eked out a gain but investors still punished select techs, including Apple and Texas instruments after the firms dispatched disappointing results.

  • Stocks advanced, buoyed by a sharp drop in oil prices, but technology stocks dragged on the market after disappointing earnings from Apple and Texas Instruments.

  • Stocks advanced, buoyed by a sharp drop in oil prices, but technology stocks dragged on the market after disappointing earnings from Apple and Texas Instruments.

  • Asian stocks outside of Japan slipped Tuesday after a landslide of lower-than-expected U.S. corporate results sparked fears of a pullback in consumer demand, boding ill for the region's exporters. But Tokyo rallied 3% higher.

  • Stocks slipped as the bank rally that has stretched four sessions appeared to run out of steam ahead of Wachovia's report. Merck fell following disappointing results from a cholesterol-drug study.

  • Stocks slipped as the morning bank rally fizzled. Merck fell following disappointing results from a cholesterol-drug study.