Stocks Citigroup Inc

More

  • A look at job cuts announced in recent weeks by U.S. banks:

  • us_dollar_bill_02.jpg

    The dollar touched a seven-week high against the yen and pulled further away from a record low versus the euro Friday after Citigroup earnings contained less damage from the crisis in credit markets than some had expected.

  • U.S. stocks opened sharply higher Friday as a string of powerful earnings reports showed blue-chip corporate strength that belied fears of a crumbling economy.

  • European stocks surged 2.3 percent on Friday to their highest close in ten days, driven by banks which jumped after Citigroup's update underscored hopes the worst was over in the global credit crisis.

  • U.S. stocks opened sharply higher Friday as a string of powerful earnings reports showed blue-chip corporate strength that belied fears of a crumbling economy.

  • Citi is providing the main upside impetus, but relief that big industrials like Caterpillar and Honeywell did not repeat GE's concern that last two weeks of March fell apart is also a big help; the dollar has rallied. Today is an options expiration day.

  • Citigroup Center

    Though the $5.11 billion quarterly loss was larger than expected, investors expressed optimism that the bank is trying to move past credit problems and cut costs.

  • New York's attorney general and securities regulators in several U.S. states are probing auction-rate securities and the role Wall Street firms had in enticing investors into the troubled $330 billion market.

  • Google's good earnings news should put a shine into the market, and certainly into its stock in Friday trading.

  • citi_ext2_OQ.jpg

    This wasn't fun to write. In Friday's earnings report, writedowns, job cuts and turnaround plans will likely speak louder than any successes Citigroup had doing, you know, banking. That doesn't mean you can't make money trading Citi.

  • Stocks wobbled Thursday as investors digested a mixed bag of earnings and economic news. IBM was the biggest gainer on the Dow, while Pfizer was the biggest decliner.

  • Freddie Mac said Thursday plans to finance between $10 and $15 billion in new jumbo mortgages this year and expects to buy jumbo mortgages in high cost regions from four of the largest U.S. mortgage lenders.

  • GE Capital said Thursday it agreed to acquire most of Citigroup's North American commercial lending and leasing business for an undisclosed price.

  • jp_morgan_front.jpg

    JPMorgan Chase is to sell $6 billion in non-cumulative perpetual preferred shares, according to a report in International Financing Review, a Thomson publication.

  • graphic_word_ofthe_street.jpg

    Better-than-expected results from major banks and IBM send the market higher. Can the euphoria continue with Google on Wednesday? Also, the oil trade with Dennis Gartman and more.

  • Jamie Dimon

    JPMorgan Chase  is still hunting for regional banks to take over, Chairman and Chief Executive James Dimon said Wednesday.

  • Renewed concerns about inflation pushed European shares off the day's highs by midday on Wednesday while gains in the mining and technology sector helped keep the broader market in positive territory.

  • jp_morgan_front.jpg

    JPMorgan Chase said quarterly profit fell by half, although shares rose as the third-largest bank avoided the kind of massive losses that crippled many of its rivals.

  • discount_window.jpg

    Several U.S. regional banks reported better-than-expected quarterly results Tuesday, and expressed confidence they could withstand soaring credit losses as the nation's housing market and economy slump.

  • Kids and making it in business journalism. A veteran reporter's take.