Citigroup tops Wall St view
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Citigroup Inc. , the largest U.S. bank, said on Friday that strong international and investment banking growth fueled a higher-than-expected 18 percent increase in quarterly profit.
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Goldman Sachs raised Citigroup Inc  debt to "outperform" from "in-line" on Friday, a day after the company said it plans to rescue $49 billion of structured investment vehicles.
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U.S. stocks have returned 6.47 percent to investors so far this year. But the rest of the world has doubled that performance, chalking up 13.4 percent in total returns, as measured by the Standard & Poor's/Citigroup market indexes.
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Citigroup Inc., the world's largest  financial services company, on Thursday said fourth-quarter  profit rose 12 percent, helped by growth in its consumer and  investment banking businesses.
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The Nasdaq may be well off its highs  of the dot-com era, but tech tycoons still top the list of the  wealthiest Americans.
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Citigroup Inc  on Tuesday cut its quarterly dividend 41 percent, and said it is raising $14.5 billion from offerings of convertible preferred securities.
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NEW YORK  - The Nasdaq may be well off its highs of the dot-com era, but tech tycoons still top the list of the wealthiest Americans.
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Financial stocks got a lift Tuesday as speculation about merger and acquisition activity was injected into the market after Citigroup Inc.
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Stock index futures were pointing to a  higher open on Wall Street on Friday, with Citigroup   gaining on a report banks are planning to sell assets to shore  up capital.
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Stocks ended higher on Monday,  lifted  by a flurry of deals, such as Citigroup Inc.'s C.N plans to  sell its Travelers insurance unit, and relief that elections in  Iraq proceeded with less bloodshed than expected.
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Stock index futures were pointing to a higher open on Wall Street on Friday, with Citigroup  gaining on a report banks are planning to sell assets to shore up capital.
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For decades Wall Street's investment banking fraternity has been dominated by a handful of great American houses--what are now Goldman Sachs, Morgan Stanley, Merrill Lynch and Citigroup (Smith Barney).
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TOKYO -- Citigroup Inc., the largest bank in the United States, said Tuesday it raised its takeover offer for scandal-tainted Nikko Cordial Corp. by 26 percent in a deal worth up to $13.35 billion after the Japanese brokerage's largest shareholders rejected the initial price as too low.
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NEW YORK, October 21  - Global banking giant Citigroup&#39;s (C.NYS) recent move to terminate three top executives, in the wake of the recent debacle in the companyâs Japanese operations, has been widely welcomed by Wall Street analysts.
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Citigroup Inc. , the largest U.S. bank, plans to list on the Tokyo Stock Exchange later this year, a move that could make it easier to buy Japanese firms through stock swaps, the Nihon Keizai (Nikkei) business daily reported on Sunday.
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U.S. stocks have returned 6.47   percent to investors so far this year. But the rest of the   world has doubled that performance, chalking up 13.4 percent in   total returns, as measured by the Standard & Poor's/Citigroup   market indexes.
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Stocks rose on Tuesday after forecast-topping earnings from Lehman Brothers Holdings Inc  soothed investors' worst fears about fallout from credit turmoil ahead of an expected U.S. interest rate cut.