3:01pm ET
Investing
52-Week Low Club (December 28, 2007)
Some of these stocks hit 52-week lows and recovered off of lows so they won’t have a low close. But these did all touch or breach the 52-week lows. At the end…
Companies
/Financial Services
Citigroup Inc
$134.33
▲ $2.23 (+1.68%) today
Markets open · 2:55pm ET
C Coverage
Page 1396:37am ET
Banking, finance, and taxes
Citigroup (C) May Have To Sell Smith Barney
The market was full of talk yesterday about Goldman Sachs predictions that Citigroup (C) might have to write-off another $18.7 billion in CDOs in the fourth quarter. Word was that the big…
4:57am ET
Media
Media Digest 12/28/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Merrill Lynch (MER) plans to lay-off 1,600 people. Reuters writes that US durable goods numbers were worse than expected for November. Reuters writes that Wal-Mart (WMT) will end its…
6:28am ET
Banking, finance, and taxes
Citigroup (C) As A Growth Stock
Analysts at Goldman Sachs think Citigroup (C) will have to cut its dividend 40%. Their expectation is that the big bank "may write off $18.7 billion in collateralized debt obligations" in the…
Douglas A. McIntyre 4:50am ET
Media
Media Digest 12/27/2007
According to Reuters, housing prices had a record annual drop. Reuters writes that Sallie Mae (SLM) will raise $2.5 billion using stock and convertible notes. Reuters writes that Joseph Lewis has increased…
7:02am ET
Investing
247WallSt.com’s Dogs of the Dow Targets, Projections & Forecasts for 2008 (C, PFE, T, VZ, MO, GM, DD, JPM, GE, HD)
The Dogs of the Dow aren’t necessarily the worst performers of the prior year, but they pay the highest the dividend yields. We wanted to review the 10 Dogs of the Dow…
6:48am ET
Economy
Buffett Votes “Yes” On US Economy With Marmon Deal
Berkshire Hathaway (BRKA) has over $43 billion in cash on its balance sheet. It could buy most US public companies without borrowing a dime. Berkshire’s chief, Warren Buffett could put his money…
4:47am ET
Media
Media Digest 12/26/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Berkshire Hathaway (BRK) has bought control of Marmon Industries for $4.5 billion. Reuters writes that US retail sales were up a disappointing 3.6% for the holidays. Reuters reports that…
6:13am ET
Banking, finance, and taxes
As Credit Card Defaults Soar, New Danger For Banks
The mortgage-backed financial instruments that have gone such a long way to hurt brokerages like Merrill Lynch (MER) and banks like Citigourp (C) may be just the start of a wave of…
5:23am ET
Investing
NYSE Short Interest For Mid-December, Financial Stocks Up
For the December 14 period, short interest in financial stocks sky-rocketed compared to figures on November 30. Shares sold short in Citigroup (C) grew 20 million to 104.9 million. Shares short in…
3:15pm ET
Investing
As Saudis Raise Money, US Companies Go On Sale (C)(MER)(AMD)(MS)
Saudi Arabia is sick of the big sovereign funds in China and Abu Dhabi kicking sand in its face. The country plans to put a fund in place that will "dwarf Abu…
11:12am ET
Banking, finance, and taxes
The SIV “Super Fund”: Dead And Buried (C)(BAC)(JPM)
The SIV "Super Fund" created by the Treasury Department, Citigroup (C), Bank of America (BAC), and JP Morgan (JPM) is dead. Once Citi took its own SIVs onto the banks balance sheet,…
9:14am ET
Investing
2008 Dogs of the Dow (C, PFE, T, VZ, MO, GM, DD, JPM, GE, HD)
Since it is year-end, we wanted to compile a list of the 2008 likely Dogs of the Dow. We included Friday’s closing prices for each DJIA component and we also gave the…
4:03pm ET
Investing
The 52-Week Low Club (C)(MBI)(RAD)
Rite Aid Corporation (RAD) Ugly earnings. No turnaround here. Falls to $2.71 from 52-week high of $6.74. MBIA (MBI) Concerns about CDOs being insured here. Falls to $18.84 from 52-week high of…
11:13am ET
Banking, finance, and taxes
Confidence In Banking Fix Dissolves As Citigroup (C) Hits New Lows
Citigroup (C) is back to it new lows, trading down to $29.52. Citi could have been driven down by the losses at Bear Stearns (BSC). It could be that Fitch cut its…