Jim Cramer: Don’t Sell Caterpillar; Citi an ‘Absolute Buy’
at The Street - Thu Jul 23, 2:32PM CDT
Jim Cramer delves into the financial health of Caterpillar and how Citigroup is another stock on his radar that is a terrific buy.
BOX: 16.38 (-0.25), LNKD: 224.10 (-0.70), IBM: 161.73 (+1.38), C: 59.87 (-0.47), GM: 31.50 (+1.20), FCAU: 15.54 (+0.03), CAT: 76.88 (-2.88), TWTR: 36.19 (+0.10), SLB: 86.02 (+0.76), CLB: 108.49 (+8.48)
Citigroup to Pay $140M Fine, Shut Down Banamex USA Unit - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 23, 2:13PM CDT
Putting an end to the regulatory probe over its three-branch Banamex (Banco Nacional de Mexico) USA subsidiary, Citigroup Inc. (C) has decided to shut down the unit. Notably, the closure follows on the agreement by Citigroup to pay $140 million as settlement to regulators over loopholes in its anti-money laundering (AML) program.
GS: 211.05 (-2.20), JPM: 69.64 (-0.44), C: 59.87 (-0.47), DB: 33.83 (+0.40)
Don't Sell Qualcomm; Stick With Companies That Have Growth
at The Street - Thu Jul 23, 2:04PM CDT
The CNBC 'Fast Money' traders debate whether now is a good time to sell Qualcomm, and discuss a raft of other stocks.
AMZN: 482.18 (-6.09), NKE: 114.00 (-0.09), FB: 95.44 (-1.60), PFE: 34.78 (-0.10), C: 59.87 (-0.47), LLY: 86.76 (+0.38), BMY: 68.24 (-1.13), INTC: 28.59 (-0.01), HPQ: 31.23 (+0.46), FINL: 27.44 (-0.43), NFLX: 110.10 (-1.40), UA: 95.93 (+6.56), JPM: 69.64 (-0.44), IBM: 161.73 (+1.38), QCOM: 61.78 (-2.41), FFIV: 127.68 (+9.18), CRUS: 35.72 (+5.01), GOOGL: 674.73 (-20.37), FL: 69.90 (-0.36), AAPL: 125.16 (-0.06), FTNT: 46.83 (+4.53), CSCO: 28.01 (+0.48)
Dollar's Rising Value in Foreign Exchange Makes Fed Rate Hike Tougher
at The Street - Thu Jul 23, 8:16AM CDT
The Federal Reserve plans to raise short-term interest rates this fall, but a rising dollar that reduces exports may prevent that. There are longer-term reasons for a stronger dollar, though.
GE: 26.26 (-0.37), C: 59.87 (-0.47), MSFT: 46.11 (+0.57)
Citi Mobile Challenge Launches in Asia Pacific
Business Wire - Thu Jul 23, 7:22AM CDT
Citi today announced the launch of Citi Mobile Challenge in Asia Pacific, part of Citi's drive to foster digital and mobile innovation in banking.
C: 59.87 (-0.47)
American Express Shares Skid on Disappointing Sales Growth
at The Street - Wed Jul 22, 6:05PM CDT
American Express shares dip in after-market trading Wednesday when the New York City-based credit card giant posts lower-than-expected revenue.
AXP: 77.01 (-1.98), C: 59.87 (-0.47), COST: 145.60 (-0.78)
American Express tops 2Q profit forecasts
By KEN SWEET - AP - Wed Jul 22, 4:44PM CDT
NEW YORK (AP) — American Express Co.'s second-quarter profits fell 5 percent from a year ago, but the results still solidly beat analysts' estimates. A strong U.S. dollar weighed on the company's international operations once again.
V: 71.75 (-0.22), AXP: 77.01 (-1.98), C: 59.87 (-0.47)
Watch for Citigroup to Potentially Pullback After Gaining 2.10% Yesterday
Comtex SmarTrend(R) - Wed Jul 22, 3:45PM CDT
Citigroup (NYSE:C) traded in a range yesterday that spanned from a low of $59.03 to a high of $60.53. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $59.31 on volume of 29.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
C: 59.87 (-0.47)
Citigroup Rises 2.10% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Wed Jul 22, 3:45PM CDT
Citigroup (NYSE:C) traded in a range yesterday that spanned from a low of $59.03 to a high of $60.53. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $59.31 on volume of 29.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
C: 59.87 (-0.47)
Citigroup "Fully Reserved" for $770M CFPB Settlement - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 22, 3:40PM CDT
If you are a Citigroup Inc. (C) credit card holder, your bank might owe you some money. The global banking giant will soon refund roughly $700 million to nearly 8.8 million customers who were victimized by illegal credit card practices at its Global Consumer Banking ("GCB"
GS: 211.05 (-2.20), JPM: 69.64 (-0.44), C: 59.87 (-0.47), DB: 33.83 (+0.40)
Citi Releases 2015 Mid-Cycle Stress Test Disclosures
Business Wire - Wed Jul 22, 3:19PM CDT
Citi today released the disclosures required by the rules of the Federal Reserve Board in connection with Citi's 2015 Mid-Cycle Stress Test. This information may be found on Citi's website at www.citigroup.com/citi/investor.
C: 59.87 (-0.47)
Cramer -- 'Don't Not Own Apple,' but Wait a Bit to Buy Facebook
at The Street - Wed Jul 22, 2:13PM CDT
With Apple trading lower following its latest quarterly results, many Twitter questioners wanted Jim Cramer's views about whether stock in the world's largest-cap company is a buy, sell or hold.
AMBA: 122.99 (+0.49), GPRO: 63.95 (+2.27), CYBR: 61.72 (+4.22), FB: 95.44 (-1.60), AKAM: 73.51 (+0.76), C: 59.87 (-0.47), BAC: 18.18 (-0.27), TWTR: 36.19 (+0.10), PANW: 197.09 (+4.69), AAPL: 125.16 (-0.06)
Wells Fargo Becomes World's Most Valuable Bank - Stocks in the News
Zacks Research Staff - Zacks Investment Research - Wed Jul 22, 2:12PM CDT
With its market cap heading towards a record $300 billion, Wells Fargo has surpassed the ICBC as the world's most valuable bank.
JPM: 69.64 (-0.44), C: 59.87 (-0.47), BAC: 18.18 (-0.27), WFC: 58.21 (-0.31)
Jim Cramer's Top Takeaways: Bank of America, Wells Fargo, Citigroup, Neflix, Whiting Petroleum
at The Street - Wed Jul 22, 5:00AM CDT
Cramer offers his suggestions for the new best of breed names in the banking sector.
NFLX: 110.10 (-1.40), WLL: 24.51 (+0.20), C: 59.87 (-0.47), WFC: 58.21 (-0.31), BAC: 18.18 (-0.27)
Jim Cramer's 'Mad Money' Recap: Seeing a Double Standard in Market Valuations
at The Street - Tue Jul 21, 7:23PM CDT
Cramer says Apple is in a tug of war between the bull and bears, and the bears seem to be winning.
RH: 104.78 (-0.85), BLK: 346.44 (-3.56), UTX: 101.14 (-0.41), C: 59.87 (-0.47), RTH: 77.78 (-0.77), YRCW: 12.79 (-0.27), UPS: 96.11 (-1.12), YHOO: 39.21 (-0.03), INSY: 44.25 (+0.42), JPM: 69.64 (-0.44), IBM: 161.73 (+1.38), CMG: 725.94 (+0.12), AAPL: 125.16 (-0.06), MBLY: 60.66 (unch), AMBA: 122.99 (+0.49), GPRO: 63.95 (+2.27), WLL: 24.51 (+0.20), BAC: 18.18 (-0.27), WFC: 58.21 (-0.31), TIF: 95.24 (+0.48), MS: 39.94 (-0.60), NFLX: 110.10 (-1.40), AA: 9.96 (-0.03), GS: 211.05 (-2.20), JWN: 78.02 (-0.97), CVX: 92.94 (-0.57)
Citigroup
at Investor's Business Daily - Tue Jul 21, 5:42PM CDT
Citigroup (C) was ordered to pay $700 mil to consumers it allegedly harmed via illegal billing and marketing practices. The Consumer Financial Protection Bureau also ordered Citi and its subsidiaries to pay $70 mil in penalties to regulators. Shares...
C: 59.87 (-0.47)
Business Highlights
By The Associated Press - AP - Tue Jul 21, 5:00PM CDT
___
JPM: 69.64 (-0.44), PFE: 34.78 (-0.10), C: 59.87 (-0.47), AMGN: 164.10 (-0.15), BAC: 18.18 (-0.27)
Travelers Is Looking for Acquisitions; The Hartford Could Be a Target
at The Street - Tue Jul 21, 2:20PM CDT
Hartford Group has been caught in a flurry of takeover speculation, with its shares spiking on the heels of Chubb's acquisition of ACE. Some see Travelers as a potential suitor.
ACE: 106.45 (-0.14), C: 59.87 (-0.47), CB: 122.80 (-0.38), AIG: 64.14 (-0.40), BRK.A: 213,520.00 (-1,860.00), ALL: 68.36 (-0.01), HIG: 46.32 (-0.09), TRV: 105.30 (unch)
Citi to refund $700 million for deceptive card practices
By KEN SWEET - AP - Tue Jul 21, 5:30PM CDT
NEW YORK (AP) — Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices, the bank and federal regulators said Tuesday.
JPM: 69.64 (-0.44), C: 59.87 (-0.47), BAC: 18.18 (-0.27)
Banks for the Tech-Savvy Eliminate Everything But the Mobile App
at The Street - Tue Jul 21, 11:30AM CDT
App-only banks still have to convince prospective customers that their money is just as safe -- and just as real -- as it would be in a vault.
GS: 211.05 (-2.20), JPM: 69.64 (-0.44), C: 59.87 (-0.47), WFC: 58.21 (-0.31), BAC: 18.18 (-0.27)