Global stocks tumble after Britain votes to leave the EU
By MARLEY JAY - AP - 10 mins ago
NEW YORK (AP) — Stocks plunged in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the safety of gold and U.S. government bonds as they wondered what will come next for Britain, Europe and the global economy.
JPM: 59.60 (-4.45), DUK: 82.43 (+0.38), IBM: 146.59 (-8.76), C: 40.30 (-4.16), BAC: 13.00 (-1.04)
Banks Show Second Straight Win in Fed Stress Test
Zacks Equity Research - Zacks Investment Research - 1 hr 36 mins ago
The Federal Reserve released the DFAST 2016 results, which reflected the continued stability in the banking system despite the Fed's harsher hypothetical "severely adverse" scenario this time.
GS: 141.86 (-10.80), HBAN: 8.61 (-0.82), JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), BK: 37.99 (-3.55), MS: 24.52 (-2.77)
Citigroup, Exxon Mobil plunge, Newmont soars
AP - 1 hr 46 mins ago
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:
SONC: 27.56 (-2.79), CF: 25.43 (-2.21), DUK: 82.43 (+0.38), C: 40.30 (-4.16), NEM: 37.19 (+1.80), MO: 67.02 (+0.71), VZ: 54.43 (-0.24)
How Does Brexit Affect Britain's Economic Future?
Afrasiab Mian - Zacks Investment Research - 2 hrs 25 mins ago
In news that shocked the market, the U.K. voted to leave the EU by a slim margin of 2%. The result of the historic vote has mixed reactions globally, as well as many deeper ramifications that must be considered.
BCS: 8.89 (-2.29), GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), HSBC: 30.68 (-3.05), RBS: 5.43 (-2.06), LYG: 3.33 (-1.01)
Look for Shares of Citigroup to Potentially Rebound after Yesterday's 8.01% Sell Off
Comtex SmarTrend(R) - Fri Jun 24, 12:07PM CDT
Citigroup (NYSE:C) traded in a range yesterday that spanned from a low of $40.26 to a high of $41.39. Yesterday, the shares fell 8.0%, which took the trading range below the 3-day low of $42.47 on volume of 42.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
C: 40.30 (-4.16)
Citigroup Set to Possibly Rebound After Yesterday's Selloff of 8.01%
Comtex SmarTrend(R) - Fri Jun 24, 12:05PM CDT
Citigroup (NYSE:C) traded in a range yesterday that spanned from a low of $40.26 to a high of $41.39. Yesterday, the shares fell 8.0%, which took the trading range below the 3-day low of $42.47 on volume of 42.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
C: 40.30 (-4.16)
Bank Stock Roundup: Positive Stress Test Results, Brexit Makes Headlines; BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 11:10AM CDT
Over the last five trading days, the major banks showed a bullish trend. Investors' confidence received a boost with the banks clearing the annual regulatory stress test successfully.
AXP: 60.06 (-3.19), JPM: 59.60 (-4.45), C: 40.30 (-4.16), COST: 155.56 (-1.47), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), PNC: 81.08 (-5.59)
Brexit Mandate: 4 Sectors & Their Stocks Under Pressure
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:40AM CDT
Thanks to Brexit, the market is going to move significantly one way or the other.
F: 12.52 (-0.88), GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), COP: 43.17 (-2.46), APA: 54.86 (-3.30), BAC: 13.00 (-1.04), PAG: 33.19 (-3.83), MS: 24.52 (-2.77)
Are U.S. Bank Stocks Fated for a Huge Fall Post Brexit?
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:23AM CDT
Major U.S. banking giants plunged in premarket trading on Friday following the U.K. vote
GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04), MS: 24.52 (-2.77)
Stock Market News for June 24, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:10AM CDT
Benchmarks ended higher on Thursday, with the Dow posting its biggest gain since March as the latest poll showed support for the U.K
JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), XOM: 89.39 (-2.41), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), CVX: 101.90 (-2.54), BRK.B: 139.71 (-6.27)
Bloody Hell? Brexit Wins!
Mark Vickery - Zacks Investment Research - Fri Jun 24, 8:16AM CDT
Great Britain has shocked the global markets by voting to exit the European Union, by a vote of 51.8% to 48.2%.
JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04)
Brexit specter rocks global financial markets
By YOUKYUNG LEE - AP - Thu Jun 23, 11:34PM CDT
SEOUL, South Korea (AP) — Global financial markets dived on Friday as media reports forecast that British voters had opted to leave the European Union, shocking investors and triggering jitters across the globe.
VLO: 52.56 (-1.15), C: 40.30 (-4.16), M: 32.08 (-1.30), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), CVX: 101.90 (-2.54), MS: 24.52 (-2.77)
Markets Right Now: Pound gives up early 'Brexit' gains
AP - Thu Jun 23, 6:54PM CDT
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
C: 40.30 (-4.16), BAC: 13.00 (-1.04)
Costco's (COST) New Partnership with Citigroup (C) Not Quite Smooth Sailing
Afrasiab Mian - Zacks Investment Research - Thu Jun 23, 6:19PM CDT
Costco Wholesale (COST) has experienced a decrease in sales recently, presumably due to difficulties involving transitioning customers from American Express (AXP) to Citigroup (C) cards.
V: 75.05 (-3.18), AXP: 60.06 (-3.19), C: 40.30 (-4.16), COST: 155.56 (-1.47)
Business Highlights
By The Associated Press - AP - Thu Jun 23, 5:11PM CDT
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JPM: 59.60 (-4.45), C: 40.30 (-4.16), WFC: 45.71 (-2.20), BAC: 13.00 (-1.04), BA: 126.52 (-7.03)
Nation's largest banks all pass Fed's 'stress tests'
By KEN SWEET - AP - Thu Jun 23, 4:36PM CDT
NEW YORK (AP) — The largest U.S. financial institutions have enough armor to withstand the turmoil of a major and prolonged national and global recession, the Federal Reserve said Thursday.
JPM: 59.60 (-4.45), C: 40.30 (-4.16), WFC: 45.71 (-2.20), BAC: 13.00 (-1.04), MS: 24.52 (-2.77)
Citi Releases Certain Disclosures Required by the Federal Reserve Board's Annual Supervisory Stress Tests
BusinessWire - Thu Jun 23, 4:19PM CDT
Citi today released certain disclosures required by the rules of the Federal Reserve Board and the Office of the Comptroller of the Currency in connection with the 2016 annual supervisory stress tests. This information may be found on Citi's web site at www.citigroup.com/citi/investor.
C: 40.30 (-4.16)
Barnes & Noble, Macy's and Twilio leap, Red Hat falls
AP - Thu Jun 23, 3:43PM CDT
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
VLO: 52.56 (-1.15), BBBY: 43.31 (-0.52), C: 40.30 (-4.16), RHT: 73.62 (-4.77), M: 32.08 (-1.30), BKS: 11.28 (+0.02)
Bladex, Citi and Mizuho co-lead successful syndication of a US$135.5 million, Dual Tranche, Senior Unsecured Syndicated Term Loan Facility for Global Bank Corporation (Panama)
PR Newswire - Wed Jun 22, 4:00PM CDT
Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex", NYSE: BLX), Citibank N.A. ("Citi", NYSE: C) and Mizuho Bank Ltd. ("Mizuho", NYSE: MFG) announced today the recent closing of a US$135.5 million, 2-year and 3-year dual-tranche senior unsecured syndicated Facility for Global Bank Corporation ("Global Bank"
MFG: 3.02 (-0.10), C: 40.30 (-4.16), BLX: 25.70 (-1.37)