Citigroup Inc
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Some Wall Street strategists say bank stocks will continue to outperform, given improving loan fundamentals, attractive valuations and rising dividends.
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Ambac Financial Group announced plans to raise up to $1.5 billion in capital in an attempt to keep its crucial triple A debt rating.
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There are too many opportunities for investors to be sitting on the sidelines.
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Stocks declined Tuesday, with financials taking a beating after news of more fallout from the subprime mess at Citigroup. Energy stocks also fell as oil prices receded.
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Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime related debt, CNBC has learned
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Stocks declined Tuesday after dismal corporate news about Intel and Citigroup.
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Three top government officials--including Fed Chairman Ben Bernanke--signaled that the expanding housing crisis is likely to take an even bigger toll on banks.
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U.S. stock index futures pointed lower Tuesday, with no major data expected and with corporate news adding to investors' gloomy mood.
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Any way you look at it, the main story today is lowering earnings estimates. Whether you look at Merrill slashing Citi's estimates, or Intel cutting its gross margin forecast, or downbeat comments from Barnes and Noble and Staples, the implications of the commentary on these companies is that things are not improving and, in some cases, weakness may continue into the second half of the year.
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The banking industry, a source of pain for the markets since the credit crunch began, is center stage in today's trading. Citigroup shares this morning are getting whacked after Merrill Lynch slashed earnings estimates and said Citi could take another big writedown.
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Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.
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Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.
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Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.
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Punk Ziegel lowered its earnings estimates for the first quarter and full year on several financial institutions in the US including Goldman Sachs, Merrill Lynch and Citigroup, to reflect higher loan losses underpinned by the weaker economy.
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Only 39 percent of big investors think the way U.S. companies reward top executives has helped improve corporate performance, and most believe that top managers have too much influence in setting their own pay, a new study has found.
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Stocks jumped after Federal Reserve Chairman Ben Bernanke's testimony on Capitol Hill Wednesday.
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Stocks finished mostly flat Wednesday as investors juggled encouraging news on the regulation of mortage lenders with another round of bleak news on housing and the economy.
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Stocks fell back after rallying on renewed optimism about the struggling housing market.
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As the housing crisis deepens, major lenders say they will help borrowers avoid foreclosure, but nonprofit groups and others say their actions are not living up to their promises.
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As subprime securities find a price, banks could discover they lost less than they thought. Which bank will be the first to say they overstated their subprime writedown?
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Banks working to bail out Ambac include private equity and other financial firms that have no exposure to the troubled bond insurer, signaling optimism that Ambac will make money in the future.