Some Wall Street pros just refuse to hear what American companies are telling them.» Read More
NEW YORK, April 16- Citigroup Inc, which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup and Wells Fargo& Co do not allow investors to listen to live audio from their annual meetings.
Bank of America Corp. fell$. 26 or 1.6 percent, to $16.13. Citigroup Inc. fell$. 13 or. 3 percent, to $48.18. Goldman Sachs rose $2.30 or 1.5 percent, to $157.22.
NEW YORK, April 16- Bank of America's wealth management businesses slowed in the first quarter, with profit at its Merrill Lynch brokerage and U.S. Trust private banking units slipping 6.5 percent to $729 million from $777 million in the last quarter of 2013..
April 16- Abbott Laboratories Inc reported better-than-expected quarterly earnings on Wednesday, but combined sales of its nutritional products, medical devices and generic medicines were slightly below Wall Street expectations.
Bank of America Corp. fell$. 40 or 2.4 percent, to $16.00. Citigroup Inc. fell$. 57 or 1.2 percent, to $47.74. Goldman Sachs rose $1.33 or. 9 percent, to $156.25.
April 16- Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently.
April 16- Yahoo Inc's shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue. At least nine brokerages raised their price targets on Yahoo's shares ahead of Alibaba's IPO filing, expected next week.
Bank of America Corp. fell$. 46 or 2.8 percent, to $15.94. Citigroup Inc. fell$. 66 or 1.4 percent, to $47.65. Goldman Sachs rose$. 67 or. 4 percent, to $155.59.
Yahoo and Delta Air Lines were among the companies posting big gains. Stocks started climbing from the opening bell on Wednesday as investors cheered the latest quarterly earnings report from Yahoo. The Web pioneer reported late Tuesday that it is making most of its money from its stakes in two Asian Internet companies: China's Alibaba Group and Yahoo Japan.
April 16- Alibaba Group Holding Ltd's surprise surge in revenue and its upcoming IPO present a great opportunity for investors to load up on Yahoo Inc's shares, analysts said. Yahoo's shares, which have jumped 43 percent in the past year as CEO Marissa Mayer pushed ahead with her turnaround plan, were up 7 percent at $36.70 in premarket trading on Wednesday.
WASHINGTON, April 16- A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower defaulted.
Bank of America Corp. rose$. 23 or 1.5 percent, to $16.00. Citigroup Inc. rose $1.99 or 4.4 percent, to $47.67. Goldman Sachs rose $2.02 or 1.3 percent, to $154.74.
U.S. stocks rose on Monday, with equities rebounding from the S&P 500's worst week since 2012.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose 1.6 percent to $3.71 with 22,506,600 shares traded. Alcoa Inc. rose 2.6 percent to $12.86 with 29,500,100 shares traded.
Bank of America Corp. rose$. 25 or 1.6 percent, to $16.02. Citigroup Inc. rose $1.86 or 4.1 percent, to $47.54. Goldman Sachs rose $2.16 or 1.4 percent, to $154.88.
Last week's selloff was not the beginning of the end, says NYSE floor trader Kenny Polcari. Here's why.
Bank of America Corp. rose$. 21 or 1.3 percent, to $15.98. Citigroup Inc. rose $1.58 or 3.5 percent, to $47.26. Goldman Sachs rose $1.67 or 1.1 percent, to $154.39.
The markets have a long checklist to cross off before mounting a comeback, and investors need to watch this tech stock this week, Jim Cramer said.
Citigroup reported quarterly earnings and revenue that beat analysts' expectations on Monday.
*Ukraine's Monday ultimatum to separatists saps risk appetite. *Wall Street eyes first big week of Q1 earnings. LONDON, April 14- There was no let-up for bruised share markets on Monday as growing fears of a military conflict in Ukraine followed last week's heavy sell-off on Wall Street, Tokyo and major European exchanges.