Midday Glance: Banks companies
AP - Wed Jul 09, 12:36PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Citigroup, DOJ Said Near $7 Billion Mortgage Deal
at Investor's Business Daily - Wed Jul 09, 12:02PM CDT
A settlement worth an estimated $7 billion reportedly is in the works between Citigroup (C) and the Department of Justice to settle allegations the New York-based bank sold subpar mortgages in the years before the financial crisis. The deal, which...
JPMorgan Aims at Prudent Cost Management - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 10:50AM CDT
At a time when the banking industry is struggling with slow top-line growth, banks are attempting to cut expenses in order to remain profitable. Wall Street biggies including JPMorgan (JPM) are among the front runners.
Citigroup to Pay $7B to Settle Mortgage Issues? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 10:10AM CDT
Citigroup Inc. (C) is in talks with the Department of Justice (DOJ) to pay more than $7 billion to resolve several litigations and probes related to its pre-crisis mortgage practices.
Sneak Peek: 5 Stocks Hedge Funds Love This Summer
at The Street - Wed Jul 09, 10:05AM CDT
Here's a look at five stocks the smart money has been buying recently.
Wells Fargo to Face Los Angeles Discrimination Lawsuit - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 10:00AM CDT
Following the failure of Wells Fargo & Company (WFC) in May to dismiss a lawsuit filed by Los Angeles City last year, the bank's appeal was rejected yet again by the U.S. District Judge - Otis Wright II
Wells Fargo & Co. Earnings: Has the Bank's Growth Peaked?
Dan Caplinger, The Motley Fool - Motley Fool - Wed Jul 09, 9:40AM CDT
On Friday, Wells Fargo will release its quarterly report, and shareholders have been quite pleased with the big bank's recovery from the worst of the financial crisis almost six years ago, bidding up Wells Fargo stock to all-time record highs...
Early Glance: Banks companies
AP - Wed Jul 09, 9:30AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:
Why Bank of America is Eyeing Citigroup Today
Alex Dumortier, CFA, The Motley Fool - Motley Fool - Wed Jul 09, 9:20AM CDT
Following two days of declines, U.S stocks are marginally higher on Wednesday morning, with the benchmark S&P 500 and the narrower Dow Jones Industrial Average up 0.09% and 0.1%, respectively, at 10:15 a.m. EDT. This one-way market has...
3 Things to Watch When Wells Fargo & Co Announces Earnings This Week
Patrick Morris, The Motley Fool - Motley Fool - Wed Jul 09, 8:25AM CDT
With the calendar officially turned to July, the second quarter is on the books and earnings season is upon us. There are three things investors must watch when Wells Fargo kicks it off this Friday. Continued loan and deposit growth As shown...
Stock Market Today: Citigroup’s $7 Billion Charge and MSC Industrial’s Miss
Demitrios Kalogeropoulos, The Motley Fool - Motley Fool - Wed Jul 09, 8:25AM CDT
The Dow Jones Industrial Average has gained 10 points in pre-market trading, suggesting a flat start to the stock market after yesterday's triple-digit retreat. Earnings season is ramping up, but today's market-moving news will likely come from...
Wells Fargo's Hot Earnings Expected To Cool Off In Q2
at Investor's Business Daily - Wed Jul 09, 7:02AM CDT
A weaker-than-expected spring house-selling season and tough regulatory environment are expected to result in a relatively flat second quarter for Wells Fargo (WFC) when it reports earnings on Friday. The San Francisco-based lender is seen reporting...
Will Citigroup (C) Stock Be Helped By Justice Department Mortgage Investments Settlement?
at The Street - Wed Jul 09, 6:52AM CDT
A settlement caps months of negotiations after the Justice Department threatened to sue if the bank did not agree to the government's proposed penalty.
July 9 Premarket Briefing: 10 Things You Should Know
at The Street - Wed Jul 09, 5:52AM CDT
U.S. stock futures rise slightly ahead of Fed minutes; Citigroup and Justice Department close to a deal; Amazon offers Hachette authors a deal.
Market Movers - Diversified Banks Stocks -- Research on Bank of America, Wells Fargo, Citigroup, and Toronto-Dominion
PR Newswire - Wed Jul 09, 5:10AM CDT
On Tuesday, July 08, 2014, the NASDAQ Composite ended at 4,391.46, down 1.35%, the Dow Jones Industrial Average finished the session at 16,906.62, down 0.69% and the S&P 500 closed at 1,963.71, down 0.70%. During the trading session, nine out of the ten sectors finished on a lower note. The S&P 500 Financials Sector Index ended the day 0.86% lower at 306.42, while the index has gained 3.98% in the previous three months. Investor-Edge has initiated coverage on the following equities: Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C) and The Toronto-Dominion Bank (NYSE: TD). Free technical research on BAC, WFC, C and TD can be downloaded upon signing up at:
After Yesterday's Decline of 1.17%, Citigroup Offers Investors Better Value
Comtex SmarTrend(R) - Tue Jul 08, 4:26PM CDT
Citigroup (NYSE:C) traded in a range yesterday that spanned from a low of $47.25 to a high of $47.73. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $47.50 on volume of 13.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Citigroup Set to Possibly Rebound After Yesterday's Selloff of 1.17%
Comtex SmarTrend(R) - Tue Jul 08, 4:26PM CDT
Citigroup (NYSE:C) traded in a range yesterday that spanned from a low of $47.25 to a high of $47.73. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $47.50 on volume of 13.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Why Citigroup (C) Stock Is Up in After-Hours Trading Today
at The Street - Tue Jul 08, 3:48PM CDT
Citigroup (C) rose in after-hours trading on Tuesday amid news that the bank and the U.S. government are near a deal to settle a mortgage probe.
Citi Appointed Depositary Bank for Australia and New Zealand Banking Group Limited's ADR Program
Business Wire - Tue Jul 08, 9:43AM CDT
Citi's Issuer Services business, acting through Citibank, N.A., has been appointed by Australia and New Zealand Banking Group Limited (ANZ) as the successor depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) program.