Citigroup Inc (C) 58.74 $C
16 Banks to Face Rate-Rigging Probe by 27 Plaintiffs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 3:41PM CDT
The U.S. District Judge Naomi Reice Buchwald said on Tuesday that she has found a "viable legal theory" that can potentially bring relief to 27 investors who filed individual lawsuits against 16 global banks for allegedly rigging LIBOR.
BCS: 17.45 (-0.12), JPM: 68.73 (+0.27), C: 58.74 (+0.27), CS: 29.16 (-0.15), HSBC: 46.18 (+0.88), DB: 34.06 (+0.04), BAC: 17.87 (+0.07), UBS: 22.78 (+0.02), SCHW: 35.38 (+0.17)
UK Initiates RBS Stake Sale, Incurs GBP1.1 Billion Loss - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 1:25PM CDT
As part of its initiative to gradually offload the stake in The Royal Bank of Scotland Group plc (RBS), the UK government raised 2.1 billion pound ($3.3 billion) on its first sale of 5.4% stake on Tuesday
GS: 205.70 (+0.53), C: 58.74 (+0.27), RBS: 10.77 (+0.20), MS: 39.00 (+0.08)
Watch for Shares of Citigroup (C) to Approach Resistance at $59.12
Comtex SmarTrend(R) - Wed Aug 05, 9:07AM CDT
Shares of Citigroup (NYSE:C) have bullishly opened above the pivot of $58.54 today and have reached the first resistance level of $58.80. Investors may be interested in a cross of the next upside pivot targets of $59.12 and $59.70.
C: 58.74 (+0.27)
The Best Frequent Flier Program? Alaska Air, American
at Investor's Business Daily - Tue Aug 04, 3:28PM CDT
Alaska Airlines (ALK) topped the list of best frequent-flier programs, according to a new study published Tuesday. The airline also announced increases in traffic and capacity in July. A new U.S. News & World Report ranked the Seattle-based carrier...
COF: 81.86 (+0.48), DAL: 46.30 (-0.05), C: 58.74 (+0.27), AAL: 42.96 (+0.22), PYPL: 39.27 (+0.32), ALK: 79.03 (+1.26), UAL: 58.11 (-0.84), LUV: 37.89 (-0.04)
CIT Group Completes OneWest Deal: What to Expect Now? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 3:10PM CDT
CIT Group completed the acquisition of OneWest, leading to the formation of a systematically important entity.
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07), CIT: 46.84 (-0.14)
Citi Report Highlights Strong Investor Interest in Depositary Receipts in the First Half of 2015
Business Wire - Tue Aug 04, 2:59PM CDT
Investor demand for Depositary Receipts (DRs) remained strong during the first half of 2015, according to the findings of Citi's Depositary Receipt Services 2015 Midyear Report. Citi's World ex-U.S. Liquid DR Index, which offers insight into international investor sentiment toward non-U.S. markets, rose 4% in the first six months of 2015. Additionally, DR trading volumes increased 3% in the first half of 2015 to 81.3 billion shares, up from 78.7 billion shares during the same period last year.
C: 58.74 (+0.27)
Goldman (GS) Raises Legal Loss Estimates by 55% to $5.9B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 2:10PM CDT
In its latest quarterly filing, The Goldman Sachs Group, Inc. (GS) raised estimates for potential legal losses by 55% to $5.9 billion. According to sources, the increase is triggered by a probable settlement with authorities regarding risky mortgage-backed securities.
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Tue Aug 04, 1:44PM CDT
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
PFBC: 32.41 (+0.02), TSC: 12.81 (+0.05), BOKF: 67.35 (+0.56), C: 58.74 (+0.27), BNCN: 23.13 (+0.01), BAC: 17.87 (+0.07), BK: 44.40 (+0.51), ACFC: 5.40 (+0.32)
BB&T Closes Susquehanna Deal: More Acquisition in Cards? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 12:25PM CDT
BB&T completed the acquisition of Susquehanna. Can we expect more opportunistic buyouts going forward?
BBT: 40.87 (+0.23), C: 58.74 (+0.27), BAC: 17.87 (+0.07), BK: 44.40 (+0.51)
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America - Press Releases
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 8:30AM CDT
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Goldman (GS) May Shell Out $270M to Settle MBS Suit - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 03, 4:45PM CDT
The Goldman Sachs Group, Inc. (GS) is likely to pay around $270 million to settle claims of misguiding investors about the risks related to multi billion dollars worth of residential mortgage-backed securities
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), UBS: 22.78 (+0.02)
U.S. Bancorp, Zions Team Up to Provide Tax Equity Financing - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 03, 4:25PM CDT
U.S. Bancorp (USB) and Zions Bancorporation (ZION) have taken a "sustainable" step forward. These banks, together, will provide tax equity financing for a renewable project in Arizona, reflecting their increasing focus on sustainable energy and clean technology.
GS: 205.70 (+0.53), USB: 45.43 (+0.21), C: 58.74 (+0.27), BAC: 17.87 (+0.07), ZION: 31.24 (+0.41)
How To Make The Transition To Phase 2 Of Your Plan
at Investor's Business Daily - Mon Aug 03, 2:16PM CDT
How do you shift your business plan into higher gear when you move your firm past the startup phase? Top executives of companies at this stage want to hold on to positive parts of their initial vision and mission. At the same time, they must adapt to...
C: 58.74 (+0.27)
U.S. Banks Stock Outlook - August 2015 - Zacks Analyst Interviews
Kalyan Nandy - Zacks Investment Research - Mon Aug 03, 1:55PM CDT
U.S. Banks Stock Outlook - August 2015 - Zacks Analyst Interviews
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
U.S. Banks Stock Outlook - August 2015 - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Mon Aug 03, 1:55PM CDT
U.S. Banks Stock Outlook - August 2015 - Industry Outlook
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Goldman Sachs Has $5.9 Bil Worth Of Disdain For Legal Fees
at Investor's Business Daily - Mon Aug 03, 12:19PM CDT
Goldman Sachs (GS) hiked the upper end of its legal loss provisions to $5.9 billion for 2015 as it negotiates settlements with federal and state officials concerning its sale of mortgage bonds prior to the worldwide financial crisis and Great...
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07), MS: 39.00 (+0.08)
Goldman Sachs raises range of potential legal costs
AP - Mon Aug 03, 12:08PM CDT
NEW YORK (AP) — Goldman Sachs Group Inc. raised the upper end of its estimate for "reasonably possible" legal expenses to $5.9 billion, according to a regulatory filing.
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
5 Best Performing Stocks in July - Analyst Blog
Swarup Gupta - Zacks Investment Research - Mon Aug 03, 10:17AM CDT
Markets managed to register gains in July despite weak earnings and international growth concerns.
FRO: 2.83 (-0.12), MMM: 151.01 (+0.61), AMZN: 537.01 (+5.11), AXP: 75.59 (-0.13), C: 58.74 (+0.27), XOM: 77.17 (unch), ALK: 79.03 (+1.26), INTC: 29.12 (-0.01), ALGT: 228.80 (+8.73), JPM: 68.73 (+0.27), CAT: 76.88 (+0.28), CVX: 84.03 (-1.18), MSFT: 47.58 (+0.04), UFPI: 62.59 (-0.15), AAPL: 115.40 (+0.76)
John Hancock Group of Funds Selects Citi to Provide Fund Accounting, Global Custody for $29.1 Billion of Assets
Business Wire - Mon Aug 03, 8:00AM CDT
Citi has been awarded a mandate from John Hancock Group of Funds to provide global custody and fund accounting services to support 27 International/Global US registered Mutual Funds, with assets of $29.1 billion.
C: 58.74 (+0.27)
When Logic And Gut Instinct Clash, Heed Your Instinct
at Investor's Business Daily - Fri Jul 31, 4:04PM CDT
In 2005, John Addison was riding high. But he sensed that changes afoot might cause his company to stumble. As co-CEO of Primerica (PRI), Addison had helped lead the distributor of financial products since 1999. He joined the firm in 1982 as a...
PRI: 44.56 (-0.49), C: 58.74 (+0.27)
16 Banks to Face Rate-Rigging Probe by 27 Plaintiffs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 3:41PM CDT
The U.S. District Judge Naomi Reice Buchwald said on Tuesday that she has found a "viable legal theory" that can potentially bring relief to 27 investors who filed individual lawsuits against 16 global banks for allegedly rigging LIBOR.
BCS: 17.45 (-0.12), JPM: 68.73 (+0.27), C: 58.74 (+0.27), CS: 29.16 (-0.15), HSBC: 46.18 (+0.88), DB: 34.06 (+0.04), BAC: 17.87 (+0.07), UBS: 22.78 (+0.02), SCHW: 35.38 (+0.17)
UK Initiates RBS Stake Sale, Incurs GBP1.1 Billion Loss - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 1:25PM CDT
As part of its initiative to gradually offload the stake in The Royal Bank of Scotland Group plc (RBS), the UK government raised 2.1 billion pound ($3.3 billion) on its first sale of 5.4% stake on Tuesday
GS: 205.70 (+0.53), C: 58.74 (+0.27), RBS: 10.77 (+0.20), MS: 39.00 (+0.08)
Watch for Shares of Citigroup (C) to Approach Resistance at $59.12
Comtex SmarTrend(R) - Wed Aug 05, 9:07AM CDT
Shares of Citigroup (NYSE:C) have bullishly opened above the pivot of $58.54 today and have reached the first resistance level of $58.80. Investors may be interested in a cross of the next upside pivot targets of $59.12 and $59.70.
C: 58.74 (+0.27)
The Best Frequent Flier Program? Alaska Air, American
at Investor's Business Daily - Tue Aug 04, 3:28PM CDT
Alaska Airlines (ALK) topped the list of best frequent-flier programs, according to a new study published Tuesday. The airline also announced increases in traffic and capacity in July. A new U.S. News & World Report ranked the Seattle-based carrier...
COF: 81.86 (+0.48), DAL: 46.30 (-0.05), C: 58.74 (+0.27), AAL: 42.96 (+0.22), PYPL: 39.27 (+0.32), ALK: 79.03 (+1.26), UAL: 58.11 (-0.84), LUV: 37.89 (-0.04)
CIT Group Completes OneWest Deal: What to Expect Now? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 3:10PM CDT
CIT Group completed the acquisition of OneWest, leading to the formation of a systematically important entity.
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07), CIT: 46.84 (-0.14)
Citi Report Highlights Strong Investor Interest in Depositary Receipts in the First Half of 2015
Business Wire - Tue Aug 04, 2:59PM CDT
Investor demand for Depositary Receipts (DRs) remained strong during the first half of 2015, according to the findings of Citi's Depositary Receipt Services 2015 Midyear Report. Citi's World ex-U.S. Liquid DR Index, which offers insight into international investor sentiment toward non-U.S. markets, rose 4% in the first six months of 2015. Additionally, DR trading volumes increased 3% in the first half of 2015 to 81.3 billion shares, up from 78.7 billion shares during the same period last year.
C: 58.74 (+0.27)
Goldman (GS) Raises Legal Loss Estimates by 55% to $5.9B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 2:10PM CDT
In its latest quarterly filing, The Goldman Sachs Group, Inc. (GS) raised estimates for potential legal losses by 55% to $5.9 billion. According to sources, the increase is triggered by a probable settlement with authorities regarding risky mortgage-backed securities.
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Tue Aug 04, 1:44PM CDT
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
PFBC: 32.41 (+0.02), TSC: 12.81 (+0.05), BOKF: 67.35 (+0.56), C: 58.74 (+0.27), BNCN: 23.13 (+0.01), BAC: 17.87 (+0.07), BK: 44.40 (+0.51), ACFC: 5.40 (+0.32)
BB&T Closes Susquehanna Deal: More Acquisition in Cards? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 12:25PM CDT
BB&T completed the acquisition of Susquehanna. Can we expect more opportunistic buyouts going forward?
BBT: 40.87 (+0.23), C: 58.74 (+0.27), BAC: 17.87 (+0.07), BK: 44.40 (+0.51)
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America - Press Releases
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 8:30AM CDT
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Goldman (GS) May Shell Out $270M to Settle MBS Suit - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 03, 4:45PM CDT
The Goldman Sachs Group, Inc. (GS) is likely to pay around $270 million to settle claims of misguiding investors about the risks related to multi billion dollars worth of residential mortgage-backed securities
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), UBS: 22.78 (+0.02)
U.S. Bancorp, Zions Team Up to Provide Tax Equity Financing - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 03, 4:25PM CDT
U.S. Bancorp (USB) and Zions Bancorporation (ZION) have taken a "sustainable" step forward. These banks, together, will provide tax equity financing for a renewable project in Arizona, reflecting their increasing focus on sustainable energy and clean technology.
GS: 205.70 (+0.53), USB: 45.43 (+0.21), C: 58.74 (+0.27), BAC: 17.87 (+0.07), ZION: 31.24 (+0.41)
How To Make The Transition To Phase 2 Of Your Plan
at Investor's Business Daily - Mon Aug 03, 2:16PM CDT
How do you shift your business plan into higher gear when you move your firm past the startup phase? Top executives of companies at this stage want to hold on to positive parts of their initial vision and mission. At the same time, they must adapt to...
C: 58.74 (+0.27)
U.S. Banks Stock Outlook - August 2015 - Zacks Analyst Interviews
Kalyan Nandy - Zacks Investment Research - Mon Aug 03, 1:55PM CDT
U.S. Banks Stock Outlook - August 2015 - Zacks Analyst Interviews
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
U.S. Banks Stock Outlook - August 2015 - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Mon Aug 03, 1:55PM CDT
U.S. Banks Stock Outlook - August 2015 - Industry Outlook
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Goldman Sachs Has $5.9 Bil Worth Of Disdain For Legal Fees
at Investor's Business Daily - Mon Aug 03, 12:19PM CDT
Goldman Sachs (GS) hiked the upper end of its legal loss provisions to $5.9 billion for 2015 as it negotiates settlements with federal and state officials concerning its sale of mortgage bonds prior to the worldwide financial crisis and Great...
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07), MS: 39.00 (+0.08)
Goldman Sachs raises range of potential legal costs
AP - Mon Aug 03, 12:08PM CDT
NEW YORK (AP) — Goldman Sachs Group Inc. raised the upper end of its estimate for "reasonably possible" legal expenses to $5.9 billion, according to a regulatory filing.
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
5 Best Performing Stocks in July - Analyst Blog
Swarup Gupta - Zacks Investment Research - Mon Aug 03, 10:17AM CDT
Markets managed to register gains in July despite weak earnings and international growth concerns.
FRO: 2.83 (-0.12), MMM: 151.01 (+0.61), AMZN: 537.01 (+5.11), AXP: 75.59 (-0.13), C: 58.74 (+0.27), XOM: 77.17 (unch), ALK: 79.03 (+1.26), INTC: 29.12 (-0.01), ALGT: 228.80 (+8.73), JPM: 68.73 (+0.27), CAT: 76.88 (+0.28), CVX: 84.03 (-1.18), MSFT: 47.58 (+0.04), UFPI: 62.59 (-0.15), AAPL: 115.40 (+0.76)
John Hancock Group of Funds Selects Citi to Provide Fund Accounting, Global Custody for $29.1 Billion of Assets
Business Wire - Mon Aug 03, 8:00AM CDT
Citi has been awarded a mandate from John Hancock Group of Funds to provide global custody and fund accounting services to support 27 International/Global US registered Mutual Funds, with assets of $29.1 billion.
C: 58.74 (+0.27)
When Logic And Gut Instinct Clash, Heed Your Instinct
at Investor's Business Daily - Fri Jul 31, 4:04PM CDT
In 2005, John Addison was riding high. But he sensed that changes afoot might cause his company to stumble. As co-CEO of Primerica (PRI), Addison had helped lead the distributor of financial products since 1999. He joined the firm in 1982 as a...
PRI: 44.56 (-0.49), C: 58.74 (+0.27)
