Citigroup Inc
NYSE: C
$62.60
+$0.73 (+1.2%)
Closing Price on September 30, 2024
C Articles
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division of GMAC said it would let 5,000 people go. According to MSNBC,...
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Through the weekend the management of Lehman (LEH) is desperately meeting with any investors who will hear its case. According to the Telegraph, these includes Korea Development Bank, Chinese broker...
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The auction-rate fiasco is not over for banks. Having bought back about $55 billion of the paper, they are now faced with the reality that the bonds are only worth about $.80 on a dollar. The means...
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Citigroup (C) cut is earnings estimates for Goldman Sachs (GS), Morgan Stanley (MS), and Lehman (LEH). Today, Bank of America (BAC) cuts its earnings targets for Goldman and Morgan Stanley. Sanford...
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The rule on Wall St. is that securities analysts don’t rate their own firms. Now that brokerage research departments are no longer slaves to investment banking, the independence of analysts is...
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It is not hard to blame Goldman Sachs (GS) for failing to cut its own earnings estimates for the next quarter and the full year. That kind of action by analysts is verboten. Rating yourself is not...
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With nearly all of the top investment banks in a precarious financial position as a result of horrific investments in bad debt, banks have no shortage of things to worry about. But the Financial...
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These are some of the top analyst downgrades or negative calls we are seeing this morning, and you’ll notice that brokerage firm stocks are again the targets of many downgrades: Citigroup (C) Cut...
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Banks that claim they are off-loading risk may be making a case which is a bit overblown. Recently, Citigroup (C) and RBS (RBS) dumped loans to private equity firms including Blackstone (BX). The LBO...
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Famed investor Michael Price, a man who has been beating up on poorly-managed companies for decades, is short Citigroup (C) and Wachovia (WB). He reasons that the worst of the credit crisis is not...
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Back in January, the Supreme Court placed stringent limitations on scheme liability — the notion that investment banks and accounting firms that inadvertently helped companies commit accounting...
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No one has really worked out how to wall-off significant risk in one division of a financial services giant from divisions which are "safe" and operating smoothly. UBS (UBS) skinned its investors...
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Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities...
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There has been a great deal of talk about how the New York State Attorney General and the SEC has done companies and individual investors a service by getting Merrill Lynch (MER), Citigroup (C) and...
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The safe-house for money center banks closed and locked its doors long ago. The mortgage-related paper crisis rolls on like a mighty river and its latest victim is RBS (RBS). But, victim is the wrong...
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