Citigroup Inc


  • Stocks Flat, Oil Hits High As Earnings Roll In Monday, 15 Oct 2007 | 9:01 AM ET

    Stocks are sending a mixed message this morning as oil cranks to a new high and earnings season gets underway. European stocks are mixed to firmer, and Asian markets were higher though Tokyo had a flat session.

  • Subprime Still Dominates Markets, Banking Monday, 15 Oct 2007 | 8:55 AM ET

    Here are my thoughts this Monday morning: 1) Citigroup's earnings were about in line with their own drastically reduced guidance they gave a couple weeks ago. Fixed income was poor as expected, and consumer delinquency rates continue to uptick. International posted strong revenue growth (up 30%) Conference call at 8:30.

  • Euro Stocks Ready to Pause After Rally Monday, 15 Oct 2007 | 2:24 AM ET

    European stocks were seen edging lower on Monday, after rallying for nearly three weeks, but losses could be limited as buoyant crude oil prices are expected to lend support to energy shares.

  • Week Ahead: Earnings Tell Two Tales Friday, 12 Oct 2007 | 9:23 PM ET

    By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.

  • Stocks End Higher on M&A News, Strong Retail Sales Friday, 12 Oct 2007 | 7:43 PM ET

    Stocks rose on Friday following strong retail sales and renewed mergers and acquisitions activity. "It seems that people are buying the pullbacks," said Joe Ranieri of Canaccord Adams. "There's just too much value in large caps and growth is starting to chase small- and mid-caps, so look for any kind of pullbacks to be buying opportunities."

  • Your Neighborhood Bank Trade Friday, 12 Oct 2007 | 7:34 PM ET

    Now that the Federal Reserve has lowered the cost of borrowing, will regional banks such as U.S. Bancorp (USB) and PNC Bank (PNC) report an earnings boost thanks to the steeper yield curve?

  • Citigroup Shakes Up Management; Maheras Exits Friday, 12 Oct 2007 | 3:21 PM ET
    The Citibank logo is shown on a branch office Wednesday, April 11, 2007 in New York. Citigroup Inc., which includes Citibank, announced Wednesday that it will eliminate about 17,000 jobs as part of a companywide restructuring to reduce costs and improve profits. (AP Photo/Mark Lennihan)

    Citigroup said it is combining its investment banking and alternative investments units into one division led by a former Morgan Stanley executive.

  • Trading Wall Street Friday, 12 Oct 2007 | 10:40 AM ET

    The Street is anxiously waiting to hear from Citigroup (C) Monday. What will the behemoth bank’s quarterly earnings reveal and what’s the trade ahead of the data?

  • Consumers Bail Out Stocks Friday, 12 Oct 2007 | 9:58 AM ET

    Surprisingly positive retail sales data changed the course of stocks this morning as Wall Street once more put its faith in the resilience of the U.S. consumer. Stocks opened higher after futures pointed lower much of the morning.

  • Market Moves Up, But Inflation Worries Exist Friday, 12 Oct 2007 | 9:13 AM ET

    Here are my thoughts this morning: 1) Producer Price Index is hot, above expectations, but core (ex-food and energy) below expectations, retail sales stronger than expected, so market has moved up on this because it watches core inflation and is happy retail sales are stronger than expected.

  • Look Who's Worried About the Dollar Thursday, 11 Oct 2007 | 1:07 PM ET

    Citizen Bill Clinton just came back from Europe and he says, "It was expensive over there."I asked the former president if he were he still in the White House, would he be concerned about the weakening dollar, and he said he certainly would. "At this level, it's alright, but if it keeps falling it could become precarious," he said.

  • Customers line up to enter a Northern Rock branch in Bromley, in south-east London, 14 September 2007.

    A loan from Citigroup would allow beleaguered British mortgage lender Northern Rock time to find a suitable investor, instead of nearly giving away its assets on a first come, first served basis, analysts said Monday.

  • Changes At The Top Monday, 8 Oct 2007 | 9:18 PM ET

    It’s been decades since the Street has seen 3 CEO’s from big investment banks turnover in the same year. Could this be the year?

  • Stocks Close Mixed as Investors Await Earnings Monday, 8 Oct 2007 | 4:00 PM ET

    Stocks closed mixed on Monday as strength in tech stocks was overshadowed by investor concerns ahead of earnings season.

  • Earnings, Retail Drag Market Monday, 8 Oct 2007 | 12:38 PM ET

    Markets are weak on a couple of concerns today. 1) Lower earnings estimates. The downward earnings revision from Citi, Washington Mutual and Merrill Lynch last week are really having an impact on Q3 earnings revisions. Seven or eight days ago, we were expecting 3.9% earnings growth for the whole S&P 500; today it is down to 0.7%, the lowest growth in five years, and it may still go negative.

  • Two Banks Face $3 Billion In Mortgage Losses Monday, 8 Oct 2007 | 9:48 AM ET
    A Bank of America branch.

    JPMorgan Chase and Bank of America are expected to disclose losses of about $3 billion in mortgage securities and leveraged loans when they report earnings this month, the Financial Times reported, citing an analyst.

  • Citigroup to Help Northern Rock with Funds: Reports Sunday, 7 Oct 2007 | 1:19 PM ET

    U.S. investment bank Citigroup is planning to help keep Northern Rock independent by arranging a consortium of bidders to bail it out, or by directly offering it a loan, according to conflicting weekend newspaper reports.

  • Stocks rallied on Friday, sending the S&P 500 index to a new closing record, as a solid employment report rekindled optimism about the outlook for economic growth and corporate profits. The Dow Jones Industrial Average, meanwhile, traded above its record close for much of the session but gave back some of those gains.

  • Job Numbers: Working Up Economy Or Not? Friday, 5 Oct 2007 | 12:10 PM ET

    Is it time to get more bullish on the economy? That much awaited jobs number today certainly drove some of the recession scare out of the markets, but it hasn't really changed the picture for slowing growth so far.

  • Washington Mutual Sees Profit Down 75% Friday, 5 Oct 2007 | 9:55 AM ET

    Washington Mutual, one of the largest U.S. mortgage lenders, said Friday it expects a 75% drop in third-quarter net income due to adverse housing market and credit conditions.

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