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Stocks Citigroup Inc

  • Citigroup Center

    Citigroup said on Monday that Vice Chairman Michael Klein would leave the largest U.S. bank by assets to pursue other opportunities.

  • Asian markets surged Monday, helped by a smaller-than-expected loss at Citigroup that provided comfort about the financial sector's stability ahead of more results this week from banks and industrial companies. Both South Korea and Australia gained over 3%.

  • A large U.S. union has urged Citigroup to break itself up, saying the bank had become "too big and unwieldy to properly oversee."

  • European stocks were set to inch higher on Monday, extending a three-session rally, as investors brace for a flurry of  corporate earnings from U.S. bellwethers such as Apple , Merck  and Bank of America.

  • Stocks finished the day mixed, as disappointing earnings from Microsoft and Google dragged down techs, but gained 3.6 percent for the week, helped by a rally in bank stocks and a sharp drop in oil prices.  Oil ended the week down 11 percent at $128.88 a barrel.

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    The Dow closed with fresh gains Friday due to a smaller-than-expected loss from Citigroup and the biggest weekly dollar drop ever in oil prices. What's the "Word on the Street?"

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    For the week ending Friday, July 18, 2008, the U.S. markets saw extreme volatility yet settled higher on better-than-expected earnings results, a pullback in crude oil, and an indication that the Fed will hold interest rates steady.  Nonetheless, the Dow had its best week since April 18 and its best 3-day percent gain since March 2003 even after closing below 11,000 for the first time since July 2006. 

  • I know, it wasn't exciting, but exciting wasn't what most traders were looking for. After a wild week, a quiet stable day was fine. There was no concerted attempt to sell off financials, and that is why it was a successful day for bulls.

  • Stocks turned mixed Friday as banks rebounded and Google and Microsoft slammed techs.

  • Investors interested in buying and selling U.S. bank stocks based on the performance of the underlying businesses might well have gone on holiday this week  --  and might stay there next week.

  • Waiting for a market expert to recommend financial stocks?  Wait no longer.  Wendell Perkins has banks on his shopping list.

  • To help investors prepare their portfolios before the weekend, CNBC asked the experts for their best trades now.

  • European shares rallied Friday as Citigroup's results gave a boost to bank stocks. Euro stocks gained 3.2 percent for the week.

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    This week's Wall Street rally has encouraged at least some investors to come in off the sidelines, but not as many as the sharp gain in stocks might suggest.

  • Stocks turned mixed Friday as banks rebounded and Google and Microsoft slammed techs.

  • Stocks turned lower Friday as an early bank rally fizzled and Google and Microsoft slammed techs.

  • Is there any doubt that big-cap financials are the key to this market? What's worked for two months? Sell the rally in financials. This is crunch time for the two-day rally...and not surprisingly, they are pushing the old trade hard today.

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    Citigroup, the largest U.S. bank, posted a smaller-than-expected quarterly loss Friday despite $11.7 billion of write-downs and credit losses tied to deteriorating capital markets and the slumping economy.

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    The dollar rose against a basket of six major currencies on Friday, boosted by news Citigroup posted a smaller-than-expected loss in the second quarter, further calming fears about the health of the U.S. financial sector.

  • This is crunch time for this little mini-rally--since the earnings news is mixed, it will be critical for the market to move sideways or up today, and avoid retracing any of the last two days gains. Options expiration today.