The Wall Street Journal writes that Prince Alwaleed bin Talal and the China Development Bank as putting money into Citigroup (C), The CDB will probably contribution $2 billion. Over at the FT,…
Douglas A. McIntyre Perhaps Warrent Buffett was asked and perhaps he was not, but Citigroup (C) ended the week with more money in its checking account. According to The Wall Street Journal "Prince Alwaleed bin…
Douglas A. McIntyre Merrill may have to write off another $15 billion for Q4. If the Fed and Treasury want to do something for banks, mortgage companies, and investment houses, they can stop lending them…
Douglas A. McIntyre Citigroup (C) is in the market for another $10 billion. Merrill Lynch (MER) is looking for $3 billion to $4 billion. The subprime mess has gotten the better of them and they…
Douglas A. McIntyre Short interest of stocks listed on the NYSE as of December 31 showed that retailers and financial companies had sharp increases when compared to the figures on December 14. Shares sold short…
According to Reuters, Capital One has warned that it will have lower than expected earnings. Reuters reports that Goldman Sachs (GS) sees a recession this year. Reuters reports that Tata (TTM) has…
Countrywide Financial (CFC) Chapter 11 rumors, Denial does not help. Drops to $5.05 from 52-week high of $45.26. MBIA (MBI) Still plenty of panic left in the bond insurance world. Sells off…
After a huge sell-off of Countrywide (CFC) shares that forced the company to deny it was in deep trouble, shares of another weak financial firm, E*Trade (ETFC) are off 20% and have…
One Wall St.analyst thinks Citigroup (C) will have to make some extreme moves to keep the bank running. Speaking to The Times of London, Meredith Whitney of CIBC said that investors should…
Douglas A. McIntyre Bloomberg is reporting that a Merrill Lynch analysts says that Citigroup (C) may have to take a $16 billion fourth quarter write-down of subprime assets. Douglas A. McIntyre
Douglas A. McIntyre CNBC is reporting that Citigroup (C) could cut 5% to 10% of its workforce as early as next week. Based on the bank’s current headcount, that could be over 30,000 souls. Douglas…
Douglas A. McIntyre KBW analyst Diane Merdian now estimates Citigroup (C) will take $15.3 billion in writedowns in the fourth quarter tied to mortgage-backed debt and collateralized debt obligations, instead of the $11 billion previously…
Douglas A. McIntyre Shares in Citigroup (C) are off by over 1% today despite a positive report from research firm Punk, Ziegel. The reason the big bank is trading near its 52-week low may be…
Douglas A. McIntyre 2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008. Everyone’s favorite market pundit or least liked pundit is obviously…
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…