Citigroup Inc
Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) […]
Read More
Fund manager says this stock is so cheap it makes ‘no sense’
Trying to buy the dip in a beaten down market might feel similar to stepping into a clearance sale at your favorite store — everything’s on sale and screams “buy.” But with no guarantee that the recent uptick in markets is anything more than temporary, investors are stressing the importance of being selective if adding […]
Read More
JPMorgan keeps dividend unchanged as rivals including Morgan Stanley boost payouts after Fed test
A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs. Reuters JPMorgan Chase said Monday that increasingly stringent capital requirements forced it to keep its dividend unchanged while rival banks announced bumps to their quarterly payouts. Bank of America said that it was raising its quarterly dividend […]
Read More
JPMorgan, Bank of America and Citigroup may need to cut buybacks after Fed stress test results
The biggest American banks may have to hit the brakes on capital return to shareholders because of regulators’ annual stress test, according to Morgan Stanley analysts led by Betsy Graseck. Analyst reaction to the Federal Reserve stress test results released Thursday focused on an unexpected increase in the stress capital buffers of banks including JPMorgan […]
Read More
Bank of America and Citigroup are flagged for potential losses on risky loan deals by rival JPMorgan
Fund outflows and tightening conditions in a key corner of the credit markets have left big banks with an estimated $2 billion in losses, according to JPMorgan Chase . Bank of America and Citigroup have the most exposure to so-called hung loan deals within the coverage universe of JPMorgan analyst Vivek Juneja, according to a […]
Read More
Airline demand has returned quicker than most anticipated, says Citigroup analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steve Trent, airline analyst at Citigroup, joins CNBC’s ‘Squawk Box’ to discuss whether now is the time to buy airline stocks amid the busy travel season. Source
Read More
Citi names the ‘attractive’ oversold stocks to buy right now
Market watchers have been reluctant to call the bottom on the brutal Wall Street sell-off this year, but Citi thinks a slew of stocks are now oversold and investors should buy the dip. The bank’s analysts, led by Hong Li, said that — given the “continued high macro risk and market volatility” — investors should […]
Read More
Stocks making the biggest moves midday: Salesforce, Delta, Albemarle and more
Pedestrians pass in front of the Salesforce Tower in New York. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Salesforce — Shares of the enterprise-software maker jumped nearly 10% after the company’s stronger-than-expected quarterly earnings report. Salesforce also lifted its full-year earnings guidance, but reduced its […]
Read More
‘Buy this dip’: Wall Street banks name global stocks and sectors that could be near a bottom
With recent volatility in the stock markets, Citi has told clients to ” buy this dip ” while analysts from Bank of America and JPMorgan have named the global stocks and sectors that they believe are trading near a bottom. BofA named a European list of “High Quality stocks that derated the most this year” […]
Read More
Credit Suisse downgrades Citi to neutral, says the bank has limited upside
Citigroup ‘s stock may struggle to break out until the bank completes its transformation under new CEO Jane Fraser, according to Credit Suisse. Analyst Susan Roth Katzke downgraded Citi to neutral from outperform, saying in a note to clients Friday that there were better options for investors. “We realize that the downside to C shares […]
Read More