C News 49.82 07/17/2014 04:46:50 Citigroup Inc (C)

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Citigroup Inc (C) 49.82 $C

Citigroup announces dividend of USD0.01 per share for quarter
M2 - 1 hr 27 mins ago
The board of directors of a diversified financial services holding company, Citigroup Inc (NYSE:C) approved a quarterly dividend of USD0.01 per share on Citigroup's common stock, it revealed on Thursday.

Jim Cramer's 'Mad Money' Recap: A Dazzling Market
at The Street - Wed Jul 16, 6:43PM CDT
There's so much good happening it's hard to even comprehend it, Cramer says.

Citigroup Inc. Announces Offers to Purchase Five Series of Outstanding Notes
Business Wire - Wed Jul 16, 6:00PM CDT
Citigroup Inc. ("Citigroup" today announced the commencement of offers to purchase for cash certain of its notes of the series set forth in the table below up to an aggregate principal amount with respect to each series of notes (each, a "Maximum Series Tender Cap" The offer to purchase each series of Notes is referred to as an "Offer" and all such offers are referred to collectively as the "Offers." The Notes had an aggregate principal amount outstanding of approximately U.S. $7.5 billion as of July 15, 2014.

Citigroup Declares Common Stock Dividend
Business Wire - Wed Jul 16, 5:15PM CDT
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.01 per share, payable on August 22, 2014 to stockholders of record on August 4, 2014.

Citigroup's Boring Second Quarter Earnings and DOJ Settlement Cloud Its Long-Term Value Proposition
Kingkarn Amjaroen, The Motley Fool - Motley Fool - Wed Jul 16, 3:11PM CDT
Source: Company Citigroup reported earnings yesterday and surprised the market with a $7 billion settlement over rotten mortgage-backed securities with the Department of Justice. In addition, the bank delivered adjusted earnings which beat...

Most active New York Stock Exchange-traded stocks
AP - Wed Jul 16, 1:54PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:

Midday Glance: Banks companies
AP - Wed Jul 16, 1:54PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:


Bank of America takes $4 billion litigation hit
By STEVE ROTHWELL - AP - Wed Jul 16, 1:44PM CDT
NEW YORK (AP) — Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses.

BofA Q2 Weighed Down By Litigation As DOJ Deal Looms
at Investor's Business Daily - Wed Jul 16, 12:15PM CDT
The mortgage meltdown reached its nadir five years ago, but Bank of America (BAC) is still dealing with the legal headaches, which affected both its second-quarter earnings and led to its offer of $13 billion to get the Justice Department to back...

Northern Trust Earnings Beat on Higher Revenues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 16, 11:54AM CDT
After missing earnings estimates in the last few quarters, Northern Trust Corporation (NTRS) managed to deliver positive earnings surprise of 3.6% in the second quarter

Next Resistance Level for Citigroup (C) is $49.83
Comtex SmarTrend(R) - Wed Jul 16, 11:41AM CDT
Shares of Citigroup (NYSE:C) have bullishly opened above the pivot of $49.19 today and have reached the first resistance level of $49.56. Investors may be interested in a cross of the next upside pivot targets of $49.83 and $50.47.

BofA Beats Earnings on Huge Adjustment, $650M AIG Settlement - Analyst Blog
Abhijit Ghosh - Zacks Investment Research - Wed Jul 16, 11:05AM CDT
BofA (BAC) witnessed improved credit quality and higher brokerage assets during the quarter. However, lower mortgage banking income and equity investment income were the downsides.

Early Glance: Banks companies
AP - Wed Jul 16, 10:11AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:

U.S. Bancorp Q2 Earnings Impress Investors on Organic Growth - Analyst Blog
Mark Vickery - Zacks Investment Research - Wed Jul 16, 9:34AM CDT
U.S. Bancorp (USB) reported an earnings surprise of 1.3%, which was primarily attributable to the company's strong top-line performance. The company's second-quarter 2014 earnings per share of 78 cents outpaced the Zacks Consensus Estimate by a penny.

Positive Start to Q2 Earnings - Ahead of Wall Street
Sheraz Mian - Zacks Investment Research - Wed Jul 16, 9:04AM CDT
Earnings remain front and center in today's session, with the finance-heavy results thus far largely in the "positive and reassuring" category.

Why Apple (AAPL) Stock Is Up Today
at The Street - Wed Jul 16, 9:02AM CDT
Apple (AAPL) stock is rising after rated a new 'buy' at Citigroup (C).

What to Expect Next: A Double Whammy of High Unemployment, Inflation
at The Street - Wed Jul 16, 8:56AM CDT
Monetary policy won't fix structural unemployment, but it will fire up inflation.

PNC Financial's Q2 Earnings Outperform on Lower Expenses - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 16, 8:42AM CDT
The PNC Financial Services Group, Inc. (PNC) reported an earnings surprise of 4.5%, which was primarily attributable to the company's cost-containment measures. The company's second-quarter 2014 earnings per share of $1.85 outpaced the Zacks Consensus Estimate of $1.77.

IGT Agrees to Takeover by Gtech
at The Street - Wed Jul 16, 8:31AM CDT
The $6.4 billion, Italo-American fusion will create a slot-machine and lotteries giant with its corporate headquarters in the U.K.
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