Citigroup Inc. (NYSE: C) stunned the markets on Tuesday with a sudden press release about the immediate departure of CEO Vikram Pandit. There are several reasons for us to wonder about what…
Jon C. Ogg Updated throughout the day on the 24/7 Wall St. Wire: Citigroup Inc.’s (NYSE: C) board fired CEO Vikram Pandit. (everywhere) Spain is about to officially ask the European Union for a line of…
Douglas A. McIntyre Jon OggThese are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Tuesday. AmBev (NYSE: ABV) named Bear of the Day at Zacks. Baker…
Citigroup Inc. (NYSE: C) is making a big change. The banking giant has just announced that Vikram Pandit will step down as chief executive officer. The press release also says that he…
Jon C. Ogg The three major U.S. stock indexes opened higher this morning, aided by a better-than-expected report on U.S. retail sales and a smaller-than-expected rise in the Empire State manufacturing survey (more coverage here).…
Citigroup Inc. (NYSE: C) is out with its third-quarter earnings report. Vikram Pandit and friends turned in earnings of $1.06 per share and $19.4 billion in revenue. These results compare to Thomson…
Jon C. Ogg The three major U.S. stock indexes opened flat this morning, and after a brief stay in positive territory, shares went negative and remained no better than flat for most of the day.…
The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net cost to the…
The Cost of TARP The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net…
Bank of America Corporation (NYSE: BAC) may have given the all-clear sign for the money-center banks ahead of earnings season. This may sound a bit conspiratorial, but investors often look for indications…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. ARM Holdings PLC (NASDAQ: ARMH) started as Neutral at Credit Suisse. Corporate…
The big banks are going to be rather important to watch this earnings season for the third quarter of 2012 as shares have risen handily from their lows. While banks almost never…
Once again, Coca-Cola was ranked the most valuable brand in the world, according to Interbrand, one of the nation’s top global brands experts. Apple, to the surprise of none, was very close…
China begins to use its currency for cross-border transactions — a challenge to the dollar. (Reuters) Google Inc. (NASDAQ: GOOG) is denied summary judgement in a patent fight with Vringo. (Reuters) The head…
The three major U.S. stock indexes opened higher this morning but have had trouble staying above the neutral line since late morning. Early reports that Spain would soon ask for a bailout…
