Citigroup Inc. (NYSE:C) Indicates Caution For US Small and Mid-Cap Stocks (C, JPM, WFC, KEY) Citigroup Inc. (NYSE:C) reported on Tuesday that it has a cautious observation on the US small-and mid-cap firms siting concerns over earnings pressure in the second half among the euro zone crisis and the political uncertainty in the United...
JPMorgan Chase to Hang Shares Buyback Plan; Says Dimon The chairman and chief executive of JPMorgan Chase & Co (NYSE:JPM) Jamie Dimon reported on Monday that the financial company will hang up its share-buyback plan, but that it aims to continue its dividend. Dimon stated at the conference organized by Deutsche Bank in...
Financials Spooked By JPMorgan’s Trading Losses (JPM, C, BAC, GS, WFC) The entire large cap investment banking firms are trading sharply lower in the pre-market session as JPMorgan Chase & Co.(NYSE:JPM), nation’s largest bank by assets, spooked investors late Thursday by announcing a sharp $2 billion losses due to a mistake by one of...
Financial Outperforming, Citigroup Inc. Leading The Sector (C, CS, WFC, JPM, GS) Financial stocks were outperforming on Monday after Citigroup Inc.(NYSE:C) reported a mixed first-quarter earnings. Citigroup Inc.(NYSE:C) reported a lower-than-estimated first quarter earnings due to negative impact for credit value adjustments and related costs, as well as a $477 million gain from minority...
J.P. Morgan & Wells Fargo Slide Despite Better Earnings (JPM, WFC, C, GS, AXP) Financial stocks were the biggest dragger on Friday as economic data came below economists’ estimates, under estimating better-than-estimated earnings from J.P. Morgan Chase & Co. and Wells Fargo & Co. JPMorgan Chase & Co. (NYSE:JPM) this morning said that the...
Financial Sector Under Pressure With Bank of America Corp (BAC, C, JPM, NLY, HIG, SCHW, LM, XLF) Financial stocks were among the worst performers on Monday as broader markets slumped on lower than estimated rise in jobs for the month of March. The S&P 500 slid 16.24 points 1.16% near to one month low...
Financial Stocks Outperforming (XLF, JEF, BAC, C, GS, COF, JPM) Financial stocks were outperforming the broader markets and were among the few gainers with Financial Select Sector SPDR (ETF)(NYSEARCA:XLF) rose 0.13% to $15.84. Several banking stocks are showing notable gains after their recent run ups following last week’s stress test. Jefferies Group, Inc. (NYSE:JEF)...
Financials Jump as Citigroup Rises Over 4% (C, JPM, ETFC, BAC, GS, RBS) Financial stocks reversed early losses in the afternoon session with shares of Citigroup Inc.(NYSE:C) rose sharply following the news that the bank has sold stake Shanghai Pudong Development Bank. Last week, financial stocks were top performing as the Federal Reserve announced...
Stock Futures Up Slightly, Citigroup Slumps (C, JPM, WFC, USB, RF, MET, HOGS, MU, RVSN, CAT) U.S. stock futures are trading with modest gains after posting solid gains in the previous trading session with the Nasdaq hitting 12 year high, the DOW made 3-year highs and the S&P 500 reached 4-year high. Late Tuesday,...
