|Bid||0.00 x 1100|
|Ask||0.00 x 1200|
|Day's Range||73.97 - 75.24|
|52 Week Range||64.38 - 80.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 12, 2018|
|Forward Dividend & Yield||1.80 (2.57%)|
|1y Target Est||83.52|
$80 and $91 are my price targets if prices do not hit a bump in the road." Prices finally rallied to $74 this week and a more bullish outlook can be considered. In the daily bar chart, below, we can see that Action Alerts PLUS holding C has rallied above the highs of April through August. The daily On-Balance-Volume (OBV) line has turned up again and is close to a new high.
Many large financial companies use Facebook’s (FB) platforms to deliver customer services, such as letting customers access their transaction records or check their account balances through the Messenger app. Citigroup (C) is one of those companies.
Investor sentiment upbeat on expectation of interest rate hike this month along with strong domestic economic growth and a steady labor market.
Jefferies Group LLC posted a 28.1 percent dip in third-quarter profit, hit by a slowdown in its investment banking unit, which advises on deals and listings. Its quarterly profit of $60.2 million, down ...
Citigroup Inc. is redeeming, in whole, all $575.0 million aggregate liquidation preference of Depositary Shares representing interests in its 5.80% Noncumulative Preferred Stock, Series C .
Bank stocks have had a rough 2018 so far, but Oppenheimer is expecting strong third quarter earnings reports to spark an upsurge in their share prices, Barron's reports. Banks’ earnings fundamentals are "more solid than any time in the 33 years we have been covering the space, but the perception that the earnings power of these companies is fragile persists," writes Chris Kotowski, senior analyst for large cap banks and brokerage firms at Oppenheimer, as quoted by Barron's. He adds that capital levels are high and loan delinquencies are low, on "altogether better planes than they have ever been before." Another positive is good expense control, with bank expenses up only about 2%, Barron's adds. The KBW Nasdaq Bank Index is trailing the S&P 500 Index (SPX) by a wide margin year-to-date, as are 5 of the 6 largest U.S. banks, Bank of America Corp. ( BAC), Citigroup Inc. ( C), Goldman Sachs Group Inc. ( GS), Morgan Stanley ( MS) and Wells Fargo & Co. ( WFC).
John Gerspach, Chief Financial Officer, and Michael Verdeschi, Treasurer, will conduct the Citigroup third quarter 2018 Fixed Income Investor Review at 11:00 AM on Thursday, October 25, 2018.
Here are six big bank stocks that are leading the way higher and looking ready for new money, especially with a bout of recent weakness creating an attractive entry point. Bank of America (NYSE:BAC) shares are bouncing strongly off of their 200-day moving average, setting the stage for a breakout above a three-month consolidation range ahead of a possible push to the record highs set in March. When the company last reported on July 16, earnings of 63 cents per share beat estimates by 6 cents on a 0.9% decline in revenues helped by tax reform impacts.
Third-quarter earnings may be another catalyst, as Oppenheimer sees reasons for optimism. Where we were: Bank stocks haven’t performed as well as many hoped this year. Where we’re headed: Bank earnings have been more robust than the Street believes, argues Oppenheimer, and could help push the stocks higher.
As part of its capital return plan, JPMorgan Chase (JPM), the largest US bank, has declared a massive 43% rise in its quarterly cash dividend. The bank will pay the dividend on October 31 to shareholders of record as of October 5. Based on yesterday’s closing price of $114.30 per share, the dividend yield is 2.8%, which is the second-highest among the top five US banks based on market capitalization.
Payment processing companies Visa (V) and Mastercard (MA) and a number of US banks have finally settled a lawsuit brought by millions of retailers over excess fees charged for accepting card payments. The arrangement has cost defendants $6.2 billion. Of the $900 million, Visa and Mastercard will pay $600 million and $108 million, respectively, while the remaining amount will be paid by other defendants including major US banks (XLF) such as Citigroup (C), JPMorgan Chase (JPM), and Bank of America (BAC).
Citigroup Inc. has struggled to regain its footing since the financial crisis. The stock is still down more than 60 percent since the fall of Lehman Brothers Holdings Inc., the worst performance by far of the big U.S. banks. The firm’s efficiency ratio, or expenses as a percentage of revenue, has been less than 60 percent for the past three years.
Analysts are bullish about JPMorgan Chase (JPM) and foresee decent growth in its stock price from its current level. Strong economic growth, a healthy job market, tax cuts, and easing regulations are creating a pleasant business environment for JPMorgan Chase. JPMorgan’s fantastic record of positive earnings surprises has fortified analysts’ confidence in its stock.
Here is a profile by Michelle Celarier of Jim Chanos, who is the founder of Kynikos Associates, which runs “the lone short-selling hedge fund of any size.” Chanos is also, Celarier reveals, the proprietor of a pseudonymous finance Twitter account called “Diogenes” (@WallStCynic), where, like everyone else on Twitter, he tweets sick burns about Tesla Inc. and Elon Musk. Jim Chanos is, let’s just assume, the greatest short seller who ever lived.
The $900 million will be tacked onto the $5.3 billion paid to merchants in 2012. Visa's share of the additional settlement payment is $600 million, while Mastercard agreed to pay $108 million on a pre-tax basis, according to Securities and Exchange Commission filings.
Investing.com – Copper prices edged higher as a weaker greenback helped alleviate selling pressure brought on by expectations the U.S. is set to pull the trigger on a fresh round of tariffs against China.
Citigroup (NYSE:C) is having a fairly uneventful 2018 so far, at least as far as its stock goes. Since February, Citigroup stock has traded in a tight range between $65 and $75 per share. The Fed is steadily hiking interest rates while inflation has picked up, and the labor market is the strongest that it has been since the financial crisis.
Citigroup's move shows how bankers specializing in the sector have become sought after on Wall Street. Brian Marshall will join Citigroup from Credit Suisse Group AG (CSGN.S) in San Francisco, the memo said. Marshall was a former research analyst and also worked as head of corporate development at analytics software company Hortonworks (HDP.O).
Citigroup's move shows how bankers specializing in the sector have become sought after on Wall Street. Brian Marshall will join Citigroup from Credit Suisse Group AG in San Francisco, the memo said. Marshall was a former research analyst and also worked as head of corporate development at analytics software company Hortonworks.
Citigroup Inc.’s stock price could double over the next four years as it changes out top leaders across the bank, Wells Fargo & Co. analyst Mike Mayo said. Mayo said on Monday that Citigroup is his “number one idea” after the firm announced it would shuffle top leaders in its U.S. consumer business and that its longtime chief financial officer, John Gerspach, would retire in March. Citigroup’s current chairman, Michael O’Neill, also won’t be eligible for re-election to the company’s board after he turns 72 next month.
Citigroup (C) penalized with $13 million by the federal regulators for misleading clients related to the procedure of its dark pool - CitiMatch.
The broader US market has risen year-to-date on improved corporate earnings and slower rate hike expectations due to the Trump administration’s criticism of the Fed’s hawkish policy. Wells Fargo & Company (WFC) is expected to post EPS of $1.18 and $1.15 in the third and fourth quarters, respectively, while its revenues are expected to fall 1.2% and 1.4% YoY (year-over-year), respectively, in the quarters.