Citigroup Inc
NYSE: C
$61.81
-$0.79 (-1.3%)
Closing Price on October 1, 2024
C Articles
Consumers and businesses are faced with two difficult problems as a result of major banks taking huge write-offs. The first is that, even though the Fed is chopping rates, lower interest loans are...
Published:
Royal Bank of Scotland (RBS) will raise as much as $24 billion to bolster its capital position, a dubious record which US banks will not want to match anytime soon. The big UK bank will write-down...
Published:
The mid-month reports on short interest in NYSE shares showed that many short sellers moved out of big financial stocks but made large bets against airlines and auto companies. With the prices in...
Published:
Things were bad at HP (NYSE: HPQ) three or four years ago. The company’s stock did fall from $25 in early 2004 to $16.50 that August. The computer firm ended up kicking out its CEO and bringing in...
Published:
Once a year, the firm Millard Brown puts out its BrandZ 100 Most Valuable Brands. The data used for the list comes from consumer research and financial data on the companies. The research house gives...
Published:
NCC (NCC) was one of those banks that decided the mortgage business was simply an outstanding way to make money. The price of homes and commercial buildings would rise at 10% per annum forever, It...
Published:
According to Reuters, National City (NCC) will raise as much as $7 billion. Reuters writes that Viacom (VIA) will launch a pay TV channel to compete with Time Warner’s (TWX) HBO. Its partners will...
Published:
Wall St. wanted some sign that the the recession might not be pulling the economy under for the next four or five quarters. Some investors still have hopes that the downturn will not be deep and...
Published:
It is not uncommon during a serious recession for the shares of many public companies to drop. 24/7 Wall St. has assumed, for the purpose of finding stocks which could rise sharply, that the current...
Published:
Of all the financial firms which are to report earnings this season, Citigroup (NYSE: C) may have been the most important. The rumors about the bank have been crazy. Projections about losses have...
Published:
New York State Attorney General Andrew Cuomo wants the job his father used to have. He wants to be governor of the Empire State. He wants to fight evil. He want to bring the unrepentant to justice....
Published:
According to Reuters, RBS (RBS) plans a rights offering next week to raise capital. Reuters reports that Google (GOOG) beat Wall St. expectation. Reuters reports that NY State will investigation the...
Published:
For reasons that will escape even the most rigorous analysis, JP Morgan (NYSE: JPM) has elected to raise $6 billion through the sales of preferred shares. In the last quarter, the big bank had...
Published:
According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the company...
Published:
A look at the Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB) deals to raise more capital indicates that other banks and brokerages are looking at below-market deals if their Q1 numbers are...
Published: