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Citigroup (NYSE:C) Will Probably Avoid $10 Billion Tax Liability
Now that Citigroup (NYSE:C) has started to generate a profit again, they may be able to avoid a $10 billion tax hit which some believed they would have to endure. This is a reference to deferred tax assets, or DTAs, which are losses... More of this article »
J.P. Morgan (NYSE:JPM) Shareholders Reject Separation of CEO/Chairman Role, Looking for Dividend
At their annual shareholders meeting, J.P. Morgan (NYSE:JPM)investors rejected the proposal to separate the roles of CEO and chairman, which are both held by Jamie Dimon. The largest public pension fund in the U.S., Calpers, had supported... More of this article »
Morgan Stanley (NYSE:MS) Shareholders Say No to Independent Chairman
At the annual shareholder meeting of Morgan Stanley (NYSE:MS), shareholders rejected the proposal that the chairman of the company must be an independent director who hadn’t ever worked as an executive officer there. The board... More of this article »
John Paulson Increases Stake in Bank of America (NYSE:BAC), Keeps Citigroup (NYSE:C) Unchanged
Most investment firms with over $100 million in holdings are required to file what is called a 13-F, which reports the various investments the firms engage in. John Paulson is one of the best in this area, and he continues to like... More of this article »
George Soros Sells Citigroup (NYSE:C) Stake, Increases Holdings in J.P. Morgan (NYSE:JPM)
George Soros has had enough of Citigroup (NYSE:C), and via his Soros Fund Management, he pretty much liquidated his position in the bank which had been performing strongly in the first quarter, but obvious fundamentals didn’t... More of this article »
Goldman Sachs (NYSE:GS) Says Equities More Bullish than Credit Markets
Goldman Sachs (NYSE:GS) released a report today saying the equity market for companies in the S&P 500 are considered more bullish this weak, after markets viewed them as bearish last week. Suggestions from Goldman were investors... More of this article »
Citigroup (NYSE:C) Says Concerns over EU Debt Moving from Costs to Growth
The initial concerns over the bailing out the irresponsible spending of countries in southern Europe were costs of doing so, but according to Citigroup (NYSE:C), that has now changed to how much effect it will have on growth. Coupled... More of this article »
Bank of America’s (NYSE:BAC) Overdue Credit Card Loans Fall in April
Credit card loans for customers of Bank of America (NYSE:BAC) dropped to their lowest levels since November 2008, making Bank of America the top bank in that segment. The bank said the reasons for the improvement were because of tax... More of this article »
Credit Swap Costs Rising, Will Affect Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Others
Concerns over increasing regulations for the banking industry has the cost of credit default swaps rising, which not only could affect banks like Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS), but is already increasing the cost of... More of this article »
Citigroup (NYSE:C), Bank of America (NYSE:BAC),JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley’s (NYSE:MS) Exposure to European Crisis
It hasn’t taken more than few days after the announcement that the European Union would be bailing out the socialist, welfare states of the region, when it is being increasingly realized that this is another way of saying we’re... More of this article »
Richard Bove Downgrades UBS (NYSE:UBS) and Credit Suisse (NYSE:CS) as Europe Deteriorates
Rochdale Securities banking analyst Richard Bove downgraded UBS (NYSE:UBS) and Credit Suisse (NYSE:CS) from “Buy” to “Neutral,” based solely on the deteriorating economic situation in Europe. Both banks were... More of this article »
Citigroup (NYSE:C) Plunges Below $4 A Share on EU Sovereign Debt Crisis
The fallout from the decision to offer almost $1 trillion to the socialist, welfare nations of southern Europe is hitting stocks hard today, as Citigroup (NYSE:C) has fallen below $4 a share, and about 12 stocks are falling for every... More of this article »
Morgan Stanley (NYSE:MS), Credit Suisse (NYSE:CS) Concerned Over EU Inflation
As investors have digested the implications of the bailout package of close to $1 trillion for the irresponsible spending by the countries in southern Europe, Morgan Stanley (NYSE:MS) and Credit Suisse (NYSE:CS) have rightly noted... More of this article »
Bank of America (NYSE:BAC) Says April Best Month for Permanent Mortgage Modifications
The original HAMP mortgage modification program was a disaster, as the required paperwork demanded by the government completely hindered the purpose of HAMP. After changes though, Bank of America (NYSE:BAC) says things are improving... More of this article »
Andrew Cuomo Investigating Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), others, Over “Misleading” Ratings Agencies
Andrew Cuomo has initiated another investigation, this time into eight banks, which include Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), UBS, Deutsche Bank, Credit Agricole and... More of this article »
AIG (NYSE:AIG) Putting Microscope on Goldman Sachs (NYSE:GS) Over CDOs During Financial Crisis
At its annual meeting, AIG (NYSE:AIG) Chief Executive Officer Robert Benmosche said they have their legal team going over the dealings the company had with Goldman Sachs (NYSE:GS) and others with CDOs during the financial crisis, which... More of this article »
Citigroup (NYSE:C) Nabs Executive from Bank of America’s (NYSE:BAC) US Trust for New York Regional Head
U.S. Trust, a wealth management division of Bank of America (NYSE:BAC), lost another key executive, this time to Citigroup (NYSE:C), which had been looking for a permanent head of their New York region. Charles Merrill will head up... More of this article »
Bank of America (NYSE:BAC) Joins Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM) with No Trading Losses in First Quarter
Bank of America (NYSE:BAC) is the latest giant financial institution to announce it experienced no trading losses in the first quarter, making it three banks now claiming that distinction, including Goldman Sachs (NYSE:GS) and J.P.... More of this article »
Deutsche Bank (NYSE:DB) Reiterates “Buy” Rating on Citigroup (NYSE:C)
Deutsche Bank analyst Matt O’Connor reiterated a “Buy” rating on Citigroup (NYSE:C), along with his price target of $505, after meeting with Citigroup CFO John Gerspach on Monday. Much of O’Connor’s rating is based... More of this article »
Citigroup (NYSE:C) Likes DISH Network (NASDAQ: DISH), Maintains Buy Rating
Citigroup (NYSE:C) likes what it sees with DISH Network (NASDAQ:DISH), and maintained its ‘Buy’ rating on the company as a result. Quarterly earnings for the company exceeded analysts’ expectations, as they generated... More of this article »
Citigroup (NYSE:C) Sees Aluminum Prices Rising, Alcoa (NYSE:AA), Century Aluminum (Nasdaq:CENX) Would Benefit
Citigroup (NYSE:C) estimates the price of aluminum could rise almost 25 percent, benefiting aluminum giants like Alcoa (NYSE:AA) and Century Aluminum (Nasdaq:CENX). The projected price from Citigroup is predicated on what is called... More of this article »
Goldman Sachs (NYSE:GS) Wins Every Trading Day For Quarter
Goldman Sachs (NYSE:GS) has proved once again why they’re the top investment bank in the world, as every trading day in the last quarter they generated a profit, something they had never done before. The metric used was where... More of this article »
Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) Fighting Derivatives Provision
Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC). the five banks benefiting the most from trading derivatives, are out in full force to fight against the... More of this article »