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Citigroup Inc

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  • Merrill Writedowns Could Be Watershed For Banks Tuesday, 29 Jul 2008 | 1:52 PM ET
    The New York Stock Exchange, downtown New York City.

    Merrill Lynch's latest effort to shed its subprime debt could set the standard for a final round of writedowns in the financial sector.

  • What Merrill's Selloff Means For Financials Tuesday, 29 Jul 2008 | 1:22 PM ET

    Is everyone going to have to sell CDOs at $0.22 on the dollar, as Merrill has? Guy Moszkowski at Merrill Lynch says maybe not.

  • Stocks Get a Boost From Rise in Confidence Tuesday, 29 Jul 2008 | 11:51 AM ET

    It's all in the attitude today: Stocks rose after an improvement in consumer confidence.  Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.

  • Citigroup May Write Down $8 Billion: Analyst Tuesday, 29 Jul 2008 | 10:03 AM ET
    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.

  • Merrill: Why It's The Big Story Tuesday, 29 Jul 2008 | 9:11 AM ET

    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;

  • Tuesday’s D-Day for SEC – and Banks Monday, 28 Jul 2008 | 7:23 PM ET

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

  • Merrill Sets $5.7 Billion Writedown, Sells Shares Monday, 28 Jul 2008 | 6:52 PM ET
    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.

  • Major Indexes Fall Back Into Bear Territory Monday, 28 Jul 2008 | 5:03 PM ET

    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.

  • Financials Lead Decline After Bank Failures Monday, 28 Jul 2008 | 3:44 PM ET

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

  • Why Financials Are Weak Monday, 28 Jul 2008 | 1:14 PM ET

    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...

  • Paulson: Big Banks to Aid Plan to Finance Mortgages Monday, 28 Jul 2008 | 1:11 PM ET
    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...

  • Today's Top Videos: Pimco's Gross, Facebook & More Thursday, 24 Jul 2008 | 7:18 PM ET

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

  • Stop Trading!: A War on Wall Street Thursday, 24 Jul 2008 | 3:25 PM ET

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

  • Is GE the New Citigroup? Wednesday, 23 Jul 2008 | 6:36 PM ET

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

  • Earnings & Stocks: The Energy, Bank Switcheroo Wednesday, 23 Jul 2008 | 2:49 PM ET

    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...

  • Five Things We've Learned From Earnings Season Wednesday, 23 Jul 2008 | 1:07 PM ET
    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 Rally to the Finish With Banks in the Lead Tuesday, 22 Jul 2008 | 4:59 PM ET

    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.

  • Oil Boosts Stocks but Techs Weigh on Market Tuesday, 22 Jul 2008 | 3:34 PM ET

    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.

  • Oil Buoys Stocks but Techs Drag Tuesday, 22 Jul 2008 | 2:01 PM ET

    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.