SubscribeAll Posts Tagged With: "Citigroup (C)"
Earnings Great, Revenues…Not So Much (JPM, BAC, C, GS)
The Dow Jones Industrial Average has bounced back and forth across the 10,000 line since closing above it a week ago. The up days have been due to generally good quarterly earnings and a falling U.S. Dollar. The bad days have been due to some big name misses. Today it was a downgrade of Wells Fargo (WFC) and news that the “Pay Czar” was cutting compensation by 50% at seven large firms that caused the late-day decline in stock prices. Energy has been particularly strong the last few days, reminding us of those halcyon days back in 2006-2007. With crude…
22Oct2009 | Invest With An Edge | 0 comments | ContinuedMost Actively Traded Stocks: Citigroup (C), SPDRs (SPY), Bank of America (BAC), CIT Group (CIT), etc.
1. Citigroup Inc. (NYSE: C) has traded 346,581 shares trading hands near $4.58 per share, down -0.26, or -5.37%
2. SPDRs S&P500 ETF (NYSE: SPY) 189,631 shares trading hands near $103.71, down -1.88, or -1.78%
3. Bank of America Corp. (NYSE: BAC) 171,765 shares trading hands near $16.48, down -0.44, or -2.59%
4. CIT Group Inc (NYSE: CIT) 152,457 shares trading hands near 1.11, down -0.10, or -8.26%
5. E-TRADE Financial Corp. (NASDAQ: ETFC) 114,649 shares trading hands near $1.62, down -0.13, or -7.43%
6. PowerShares QQQ (NASDAQ: QQQQ) 100,819 shares trading hands near $41.24, down -1.01, or -2.39%
7. General Electric Co. (NYSE: GE) 86,046 shares trading hands near $16.06, down -0.36,…
Market Update: Citigroup (C), Bank of America (BAC), J.P. Morgan Chase (JPM), Wells Fargo (WFC)
General Motors Co’s Indian unit is partnering local firm Reva Electric Car Co. to develop electric vehicles for the Indian auto market, with the plan to sell battery-operated small cars within a year. U.S. and global automakers are betting that battery technology will make electric cars the environmentally friendly transportation of the future accompanied by higher gasoline prices and stricter emission rules. –Reuters
The numbers of U.S. citizens filing first-time claims for jobless benefits dipped unexpectedly last week to the lowest level in two months, another sign firings are slowing. Applications fell by 21,000 to 530,000 in the week ending Sept.…
24Sep2009 | Jutia Group | 1 comment | ContinuedActively Traded Stocks: Citigroup (C), E-trade (ETFC), CIT Group (CIT), Bank of America (BAC), etc.
Citigroup Inc. (NYSE: C) had 255,525,000 shares trading hands at $4.70 per share, up .05 or +1.08%.
E-Trade Financial Corp. (NASDAQ: ETFC) traded 96,696,000 shares at $1.90, down .02 or -1.04%. The company took advantage of recent positive market momentum to quickly complete a $150 million stock offering, the company stated today. E-Trade sold 80.2 million shares in an “at the market,” or ATM, offering. This method of raising capital allows a company to sell new shares at the prices prevailing in the open market, as opposed to a secondary offering, in which the company sells stock to a group of institutional investors…
23Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: Macy’s (M), Citigroup (C), Ford Motor (F), Lowe’s (LOW)
Macy’s Inc. (NYSE: M) was upgraded to buy from hold by Citigroup Inc. (NYSE: C). Analyst Deborah Weinswig stated that the company’s “My Macy’s” localization initiative continues to gain traction and should lead to improved sales and margin trends, starting in 2010. -Marketwatch
U.S. stock index futures rose on this morning as the U.S. dollar hit a one-year low against the euro ahead of the start of a Federal Reserve monetary policy meeting, boosting oil and metals prices in the process. In other news, the Federal Reserve commences its two-day monetary policy meeting with a decision on interest rates due at around 2:15 p.m.…
22Sep2009 | Jutia Group | 0 comments | ContinuedMarket Update: Perot Systems (PER), Potash (POT), AstraZeneca (AZN), Citigroup (C)
Perot Systems Corp. (NYSE: PER) shares surged 66 percent to $29.67 in premarket trade on Monday after the company agreed to be acquired by Dell Inc. (NASDAQ: DELL) for $3.9 billion. Dell shares fell 3.5 percent to $16.10.
Shares of Lennar Corp (NYSE: LEN) fell 3.6 percent to $15.95 in premarket trading on Monday, after the company reported a larger quarterly loss in its third-quarter results, as it wrote down the value of land and other assets to deal with the recession, but it pointed out signs of real estate market recovery. -Reuters
Fertilizer giant Potash Corp. (NYSE: POT) slashed its earnings forecast late Friday…
21Sep2009 | Jutia Group | 0 comments | ContinuedMarket Update: Blackrock (BLK), Toll Brothers (TOL), JPMorgan Chase (JPM), Citigroup (C)
BlackRock Inc. (NYSE:BLK) Chairman Laurence Fink says Obama administration programs to help homeowners avoid foreclosure may hinder recovery efforts in the mortgage market while benefiting banks that own second loans on the properties. “I am just very worried,” Fink said yesterday in an interview. “How do we get a vibrant securitization market back when we are doing these things in the short run that are good for the banking system and good for the homeowner but not as good as it should be?” Fink stated that the policies introduced this year to reduce foreclosures are faulty because they don’t require home-equity loans to…
18Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: Novavax (NVAX), Corning (GLW), Wells Fargo (WFC), Citigroup (C)
Shares of Novavax Inc (NASDAQ: NVAX) fell 5 percent in pre-market trade today, a day after the vaccine maker said it planned to raise capital by selling its common shares. The company said it agreed with Wm Smith & Co to sell $10 million in gross proceeds of its stock. Novavax shares have risen about 93 percent since the H1N1 swine flu was declared a pandemic. –Reuters
Corning Inc. (NYSE: GLW) said Wednesday that it has bought all shares of Axygen BioScience Inc. and its subsidiaries from American Capital Ltd. (NASDAQ: ACAS) for about $400 million in cash. -Marketwatch
Lehman Brothers has accused Barclays…
16Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: Citigroup (C), Best Buy (BBY), Ford Motor (F)
Citigroup Inc. (NYSE: C) has been working on a plan to cut the U.S. government’s 34 percent stake in the firm through a multibillion-dollar stock offering. The company is interested in issuing new shares to the public and the Treasury Department would sell at least a portion of its Citigroup holdings. -The Wall Street Journal
Best Buy Co. (NYSE: BBY), the largest U.S. electronics chain, said Tuesday that its second-quarter profit dropped to $158 million, or 37 cents a share, from $202 million, or 48 cents a share, a year earlier. Revenue in the quarter ended Aug. 29 rose to $11 billion from $9.8…
15Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: Sprint Nextel (S), Potash (POT), Mosaic (MOS), Citigroup (C)
The U.S. dollar received a lift against the euro and most other major currencies Monday, with rising U.S.-China trade tensions prompting investors to liquidate some short positions on the stressed greenback. China stated yesterday that they would launch an anti-dumping investigation into U.S. sales of chicken and auto products, a move thought to be in response to Washington’s decision to impose disciplinary sanctions on Chinese tire imports late last week. -Marketwatch
Talk of a takeover of Sprint Nextel (NYSE: S) by Deutsche Telekom (NYSE: DT) sent the German company’s shares down 1.4 percent and boosted the U.S. mobile operator’s stock by 11 percent…
Loading ...
