10:36pm ET
Investing
Stocks Which Could Drop 50% In 2008
It actually is not very unusual for a stock to lose half its value, especially if it is in the right sector. Shares in Countrywide Financial (CFC) are down over 75% in…
Companies
/Financial Services
Citigroup Inc
$134.51
▲ $2.41 (+1.83%) today
Markets open · 3:23pm ET
C Coverage
Page 1403:11pm ET
Banking, finance, and taxes
Goldman Sachs Likes Citigroup (C) Bonds
Normally taking extra risk onto a bank balance sheet and getting a debt downgrade would not be considered good news. Citigroup (C) brought $49 billion of SIV debt in-house and, for unrelated…
Douglas A. McIntyre 8:19am ET
Investing
Top 10 Pre-Market Analyst Calls (AFFX, C, DIS, DSCM, GSIC, JBLU, PNRA, UN, UNTD, DVN, KWK, NFX, EOG, FTO)
These are not the only important analyst calls out there, but these are the top analyst calls that 24/7 Wall St. is focusing on: Affymetric (AFFX) raised to Buy at UBS. Citigroup…
6:15am ET
Banking, finance, and taxes
Citigroup (C) Gets Back On Track
Shares in Citigroup (C) fell to close to $1 during the Latin American loan crisis in the 1970s. During the market difficulties beginning in 1987, the stock fell from $4.50 to $1.40…
4:25am ET
Media
Media Digest 12/14/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Citigroup (C) will take $49 billion of SIVs onto its balance sheet. Reuters writes that Nissan and Chrysler may begin to partner in building new cars Reuters reports that…
7:53pm ET
Banking, finance, and taxes
Citigroup (C) Bails Out Its SIVs
Citigroup (C) announced that it has committed to provide a support facility that will resolve uncertainties regarding senior debt repayment currently facing the Citi-advised Structured Investment Vehicles (“SIVs”). Citi will consolidate the…
Douglas A. McIntyre 11:39am ET
Banking, finance, and taxes
Could Citigroup (C) Fall To $15?
From mid-1998 to later that year, Citigroup (C) fell from $32 to just above $13. The stock moved from almost $4.50 in February of 1987 to $1.40 in October 1990. The markets…
5:51am ET
Banking, finance, and taxes
Lloyd Blankfein’s $70 Million Pay Day
Word out yesterday was that Richard Fuld, CEO of Lehman (LEH), would make $35 million for his year’s work. Lehman stock is down over 20% this year. But, the company’s board probably…
1:35pm ET
Banking, finance, and taxes
Can Lehman Escape The Broker Earnings Hat Trick? (LEH, GS, BSC, C, XLF)
We are set to get the highly awaited earnings report out of Lehman Brothers (NYSE: LEH) on Thursday morning, and this could be the largest catalyst for brokers and financial stocks since…
4:05am ET
Media
Media Digest 12/12/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, the Fed is considering more actions to improve liquidty issues in the economy and announcements could come as early as today. On proposal would include a new liquidity facility…
12:33pm ET
Banking, finance, and taxes
Which Financials May Slash Dividends Next? (WM, FMD, RWT, BAC, C, KEY, WB, SFI, CSE)
Yesterday’s announcement that Washington Mutual (NYSE: WM) about a dividend slash, layoffs, exit of sub-prime, and a capital raise was greeted with far less than joy. 24/7 Wall St. has already warned…
8:17am ET
Investing
Pre-Market Stock News (December 11, 2007)
Below is a snapshot of the individual company news affecting share prices being watched by 247WallSt.com: Amtech Systems (NASDAQ: ASYS) shares up 3% after it announced receipt of a $3.9 million solar…
6:47am ET
Economy
The Fed Gets Ready To Push The Dow To 15,000
Over that last six months, the Dow is up 3%. But, it has been a "no stock market growth" kind of period. GDP was fairly strong, but any strength in tech shares…
4:48am ET
Investing
Media Digest 12/11/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, the Fed is set to cut rates today. Reuters writes that inflation in China hit an 11 year high at almost 7% in November. Reuters reports that global deals…
6:44pm ET
Banking, finance, and taxes
A JP Morgan (JPM) Takeover Of Citigroup (C)?
Well, some one with a pen and paper thinks that Citigroup (C) may be taken over. According to FT blog site Alpahville, JP Morgan (JPM) may be just the folks to do…