69.13 +0.14 (0.20%)
After hours: 5:21PM EDT
|Bid||69.01 x 2200|
|Ask||69.14 x 1100|
|Day's Range||68.56 - 69.56|
|52 Week Range||64.38 - 80.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 12, 2018|
|Forward Dividend & Yield||1.28 (1.92%)|
|1y Target Est||83.44|
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the world's largest alternative asset manager reported second quarter earnings that beat Wall Street expectations on both its top and bottom lines.
Jul.18 -- Ida Liu, global market manager for New York at Citi Private Bank, discusses where her clients are investing and putting their money to work. She speaks on "Bloomberg Daybreak: Americas."
The Financial Select SPDR (NYSEARCA:XLF) has broken above its 200-day moving average for the first time since May. The S&P Capital Markets ETF (NYSEARCA:KCE) has jumped over its 50-day moving average, setting up a run at its year-to-date highs. Goldman Sachs (NYSE:GS) shares are testing above their 50-day moving average, threatening to end a persistent downtrend going back to March that resulted in a peak-to-trough decline of 20%. The company reported better-than-expected results this week, driven by an 18.2% rise in investment banking revenue.
Citigroup (NYSE:C) recently reported earnings, and it, along with other large-cap banking stocks, have since firmly planted bullish reversals on their charts. Large-cap banking stocks have been fighting an uphill battle year-to-date despite being one of the most ‘loved’ groups of stocks for many institutional investors.
LONDON, UK / ACCESSWIRE / July 19, 2018 / If you want access to our free earnings report on Citigroup Inc. (NYSE: C), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=C. The Company posted its financial results on July 13, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18). Active-Investors.com is currently working on the research report for Nicolet Bankshares, Inc. (NASDAQ: NCBS), which also belongs to the Financial sector as the Company Citigroup.
Financial stocks were the winners on U.S. markets Wednesday after Morgan Stanley (NYSE:MS) became the latest bank to report impressive earnings and Berkshire Hathaway (NYSE:BRKa) loosened its policy on share buybacks.
Citigroup Inc. is expanding its Japan prime brokerage business serving global hedge funds by hiring four people from rivals including Deutsche Bank AG. Two of the recruits will take up newly created positions, division head Toshikatsu Furumi said in an interview.
(Reuters) - Morgan Stanley's (MS.N) better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks. The U.S. banking industry has benefited from a cut in ...
U.S. bank stocks like Bank of America (NYSE:BAC) haven’t had a particularly spectacular 2018. BAC stock, for instance, is up less than 2% so far this year. Earnings are soaring, with earnings per share up 43% in Q2 after a 38% rise in Q1.
Rising uncertainty in markets didn’t stop the biggest U.S. banks from hauling in record revenue from investment banking. Among the big winners were Morgan Stanley and Bank of America Corp., which both handily beat expectations thanks to their investment banking and consumer businesses, respectively. Wells Fargo & Co. was the lone bank to miss analysts’ earnings estimates as its total loans and deposits both dropped.
Unsurprising to most, the financial sector has acted as the backbone of the uptrend that has dominated the financial markets over the past couple of years. This year has not really been kind to the financial sector, which has seemed to have to battle with overhead resistance on each attempted move higher. Taking a look at the chart of the Financial Select Sector SPDR Fund, you can see that the dotted trendline has acted as a consistent guide for the bears in determining placement.