News about <![CDATA[Citigroup]]> News about en-us <![CDATA[Advocates of gay-rights ordinance more ‘geared up’]]> <![CDATA[Mike Ullman of JC Penney: 'Our Fundamental Business Processes are Still Strong']]> After J.C. Penney (NYSE: JCP) missed Q1 EPS estimates by more than 50 percent last week, Mike Ullman described the tough situation he faces as CEO in a conference call with investors. Ullman opened the call by noting his conversation with investors and stating, “our fundamental business processes

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<![CDATA[Why Your Facebook Account Is More Secure Than Your Bank Account]]> DailyFinance.com: Earlier this month, federal prosecutors unsealed an indictment charging several men with bank theft on massive scale. According to prosecutors, the thieves loaded stolen account data onto magnetic stripe cards, which they then used to steal $45 ... Read more]]> <![CDATA[Citigroup traders taken off Bloomberg’s chat services]]> <![CDATA[Stock Markets Jump as Banks Lead Dow, S&P to New Highs]]> DailyFinance.com: Richard Drew, AP By Leah Schnurr NEW YORK -- U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further. Gains were broad, but ... Read more]]> <![CDATA[Obama to Nominate Pritzker, Froman for Economic Jobs]]> DailyFinance.com: Daniel Acker/Bloomberg via Getty Images PSP Capital Partners CEO Penny Pritzker, who President Obama is expected to nominate as Commerce Secretary, appears on Bloomberg Television in this 2012 photo. By Jeff Mason and Doug Palmer WASHINGTON -- ... Read more]]> <![CDATA[Community banks not adding many jobs either]]> <![CDATA[Barrons Recap: Here Come the Millennials]]> This weekend in Barrons online: the impending impact on the economy and Wall Street of the Millennial generation, and the prospects for Boeing's Dreamliner, the Dell buyout, Hanesbrands and Ecolab.

Cover Story

"On the Rise" by Jacqueline Doherty.

The so-called Millennials, those who have reached adulthood since 2000, are poised to start

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<![CDATA[Citigroup Beats on Earnings, Revenue; Stock Rises]]> DailyFinance.com: Jason Alden/Bloomberg By CHRISTINA REXRODE NEW YORK (AP) - Citigroup (C) beat analysts' estimates for first-quarter earnings and revenue, and the bank's stock rose in pre-market trading. Citi's investment banking business jumped and the bank also ... Read more]]> <![CDATA[Market Minute: Dish Network Bids $25.5 Billion for Sprint Nextel]]> DailyFinance.com: Getty Images Two big takeover deals are in the works, and plunging gold prices pressure stocks. All three of the major averages rallied by more than two percent last week, with the Dow and the S&P setting record highs along the way. This could be a ... Read more]]> <![CDATA[Earnings Expectations for the Week of April 15]]> The earnings crunch is on this week, with first-quarter results due from such iconic blue chips as Coca-Cola, General Electric, Google, Johnson & Johnson, McDonald's and Microsoft.

Analysts expect to see year-over-year earnings growth from each of them, but earnings declines from Intel, Bank of America and Goldman Sachs.

Here is a

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<![CDATA[Citigroup Earnings Preview: Keeping an Eye on Revenue]]> Citigroup (NYSE: C), which did surprising well in the latest round of the Fed's stress tests, is scheduled to report its first-quarter 2013 results Monday, March 15, before the markets open.

Investors will be keeping an eye on revenues, as competitors J.P. Morgan (NYSE: JPM) and Wells

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<![CDATA[U.S. Banks to Send Checks for $3.6 Billion in Foreclosure Settlement]]> DailyFinance.com: The nation's largest banks will begin sending payments this week to millions of Americans who may have been wrongfully foreclosed on during the housing crisis. A total of $3.6 billion in cash will be distributed to 4.2 million borrowers who lost ... Read more]]> <![CDATA[A Peek Into The Market Before The Trading Starts]]> Pre-open movers US stock futures are mixed this morning. Futures for the Dow Jones Industrial Average dropped 4 points to 14,559.00 and S&P 500 index futures rose 0.80 points to 1,560.00. Nasdaq 100 futures gained 6.25 points to 2,787.25.

A Peek Into Global Markets European markets were higher today. The STOXX

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<![CDATA[More Bad News For Brazil ETFs]]> At a time when the iShares MSCI Brazil Capped Index Fund (NYSE: EWZ) and other ETFs tracking Latin America's largest economy can handle no more bad news comes this.

Citigroup has slashed its year-end target for Brazil's benchmark Bovespa index to 65,000 from 70,000. The bank cited slack economic

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<![CDATA[16 Big Bubbles That Are Getting Ready to Pop]]> DailyFinance.com: Alamy With stocks hovering around all-time highs, many are wondering if equities are the next great bubble getting ready to burst. But stocks aren't the only things that look frothy: There are a lot of other asset classes that sure look like ... Read more]]> <![CDATA[Three Energy Stocks with 25 Percent Potential Upside (ACI, CIE, HAL)]]> A new research report from UBS (NYSE: UBS) features a list of stocks that the analysts not only recommending buying, but which they feel have at least 25 percent potential upside from current levels, despite the markets being near all-time highs.

Three energy-related stocks made the list: Arch Coal

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<![CDATA[Four Other Stocks to Ride the Housing Recovery (GNW, MHK, SWK, TWC)]]> It is clear that as the housing market recovers, the home builder stocks, and even the big-box home improvement retailers Home Depot (NYSE: HD) and Lowe's Companies (NYSE: LOW), have benefited from the boom.

But in a research report released Tuesday, UBS (NYSE: UBS) analysts

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<![CDATA[Vodafone Rises on Possible Verizon Wireless Sale]]> Shares of UK-based mobile communications company Vodafone (NYSE: VOD) gapped higher at the market open on Monday after reports suggested that the company is exploring the possibility of divesting its 45 percent stake in Verizon Wireless.

During the final hour of trade, Vodafone was trading up around 1.40

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<![CDATA[Goldman Sachs Favors Citigroup and JPMorgan Over Bank of America (BAC, C, JPM)]]> <![CDATA[UPDATE: Citigroup Lowers PT on National-Oilwell Varco on Robbins & Myers Acquisition]]> In a report published Wednesday, Citigroup analyst Robin Shoemaker reiterated a Buy rating on National-Oilwell Varco (NYSE: NOV), but lowered the price target from $96.00 to $85.00.

In the report, Shoemaker noted, “We have updated our EPS estimates to include the acquisition of Robbins & Myers, Inc. for approximately

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<![CDATA[UPDATE: Citigroup Raises PT on Jarden on Reverse Split, Share Repurchases]]> In a report published Wednesday, Citigroup analyst Gregory R. Badishkanian reiterated a Buy rating on Jarden Corp. (NYSE: JAH), and raised the price target from $46.67 to $49.00.

In the report, Badishkanian noted, “We are adjusting our estimates given the company's reverse split and share repurchases as well as

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<![CDATA[Deutsche Bank Boosts Price Target on Citigroup (C)]]> <![CDATA[Does Cyber Security Matter to Investors?]]> According to Fox Business, a survey conducted by Zogby Analytics shows investors may refuse to buy stock in companies that have demonstrated vulnerability to cyber-attacks.

More than 70 percent of investors, according to the survey, expressed a desire to review the cyber security history of companies with almost twice as

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<![CDATA[FDIC: Banks Earn $141.3 Billion in 2012, Second-Highest Annual Haul Ever]]> DailyFinance.com: WASHINGTON (AP) - Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step up lending. The figures are fresh evidence of the industry's ... Read more]]> <![CDATA[The 9 Worst Corporate Stadium Names in America]]> DailyFinance.com: Last week, Florida Atlantic University announced plans to name its stadium after GEO Group, a privately-owned multinational prison corporation. The naming, which comes after GEO pledged to give $6 million to the university, has already drawn ... Read more]]> <![CDATA[Without Taxpayer Help, Too Big to Fail Banks Would Only Break Even]]> DailyFinance.com: Lloyd C. Blankfein, chairman and CEO of Goldman Sachs, speaks during a Bloomberg Television interview. (David Paul Morris/Bloomberg) Wall Street banks once occupied a unique position of power, privilege, and prestige in this country. Looking back, ... Read more]]> <![CDATA[UPDATE: Citigroup Cuts PT to $32 on Cliffs Natural Resources on Common and Preferred Offerings]]> Citigroup maintained Cliffs Natural Resources (NYSE: CLF) with a Neutral rating and lowered the price target from $36.00 to $32.00.

Citigroup noted, "After modeling the announced public offering of common and convertible preferred shares, we are lowering our 2013 estimate to $0.79 from $1.14, 2014 estimate to $2.15 from

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<![CDATA[Top Performing Dividend Payers in Finance with the Most Upside Potential (DB, ORI, STC)]]> It is not unusual for stocks on a tear to overrun their mean price targets, which is a signal of how far analysts on average expect the share price to climb.

Many of the top performing dividend payers in the financial sector over the past six months, such as AllianceBernstein

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<![CDATA[CITI: Gold Has Fallen To A Pivot Point, Minimum Price Target Now $2,055 ]]> <![CDATA[UPDATE: Citigroup Reiterates Buy Rating, Raises PT on Pioneer Natural Resources on 2013 Production Guidance]]> In a report published Friday, Citigroup reiterated its Buy rating on Pioneer Natural Resources (NYSE: PXD), and raised its price target from $120.00 to $148.00.

Citigroup noted, “Pioneer issued 2013 production guidance of 12-16% growth (175-181 MBOE/d) while we forecast ~181 MBOE/d (including Barnett) and would note that guidance

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<![CDATA[UPDATE: Citigroup Reiterates Buy Rating, Raises PT on C&J Energy Services on Positive Commentary]]> In a report published Friday, Citigroup reiterated its Buy rating on C&J Energy Services (NYSE: CJES), and raised its price target from $24.00 to $29.00.

Citigroup noted, “We have raised our price target from $24 to $29 and are reiterating our Buy rating on CJES. The rollover effect of

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<![CDATA[UPDATE: Citigroup Reiterates Buy Rating, Lowers PT on Barrick Gold Corporation on Revised EPS Estimates]]> In a report published Friday, Citigroup reiterated its Buy rating on Barrick Gold Corporation (NYSE: ABX), but slightly lowered its price target from $44.00 to $43.00.

Citigroup noted, “We are revising our 2013 and 2014 EPS estimates down to $3.95 from $4.29 and to $4.00 from $4.20, respectively, to

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<![CDATA[UPDATE: Citigroup Reiterates Buy Rating, Raises PT on Dr. Reddy's Laboratories After Disappointing 3Q]]> In a report published Friday, Citigroup reiterated its Buy rating on Dr. Reddy's Laboratories (NYSE: RDY), and raised its price target to $39.36.

Citigroup noted, “We rate DRL Buy with a Target Price of $39.36. REDY, in our view, is among the best placed to capitalize on the multiple

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<![CDATA[UPDATE: Citigroup Raises PT to $2.75 on Artio Global Investors on Cash Deal]]> Citigroup maintained Artio Global Investors (NYSE: ART) with a Neutral rating and raised the price target from $2.00 to $2.75.

Citigroup commented, "Maintain Neutral/High Risk — [b]ut lift target to $2.75, or consistent with the all cash price expected to be paid by UK-based ADN (see also 4Q12 A

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<![CDATA[UPDATE: Citigroup Cuts PT to $82 on Thermo Fisher Scientific on In-Line Guidance]]> Citigroup maintained Thermo Fisher Scientific (NYSE: TMO) with a Buy rating and lowered the price target from $83.00 to $82.00.

Citigroup noted, "TMO delivered the 4th strong quarter of the year beating on both the top and bottom line driven by strength in Biopharma (similar with WAT) and Healthcare

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<![CDATA[UPDATE: Citigroup Downgrades Frontier Communications to Sell on Cash Flow Pressure]]> Citigroup downgraded Frontier Communications (NASDAQ: FTR) from Neutral to Sell and lowered the price target from $5.00 to $3.50.

Citigroup commented, "We are reducing our rating on Frontier from Neutral to Sell with a downwardly revised target price of $3.50 based on our increasing concerns that the company

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<![CDATA[UPDATE: Citigroup Downgrades CenturyLink to Neutral on Dividend Reduction]]> Citigroup downgraded CenturyLink (NYSE: CTL) from Buy to Neutral and lowered the price target from $43.00 to $37.00.

Citigroup noted, "We are reducing our rating on CTL to Neutral and our target price to $37, as CTL's long-term financial targets imply less cash flow generation relative to what we

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<![CDATA[UPDATE: Citigroup Reiterates Neutral Rating, Lowers PT on Newmont Mining Corp. on Lowered Estimates]]> In a report published Wednesday, Citigroup reiterated its Neutral rating on Newmont Mining Corp. (NYSE: NEM), but slightly lowered its price target from $50.00 to $49.00.

Citigroup noted, “Incorporating actual 4Q12 gold prices and our revised forecast for 2013 brings our estimate down to $3.90 from $4.14. Newmont already

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<![CDATA[UPDATE: Citigroup Reiterates Buy Rating, Lowers PT on Kinross Gold Corporation on Lowered Estimates]]> In a report published Wednesday, Citigroup reiterated its Buy rating on Kinross Gold Corporation (NYSE: KGC), but lowered its price target from $12.00 to $10.00.

Citigroup noted, “After marking-to-market 4Q and adjusting for our revised forecast, we are lowering our 2013 estimate to $0.70 from $0.84. Our 2013 cost

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<![CDATA[UPDATE: Citigroup Reiterates Buy Rating, Lowers PT on Barrick Gold Corporation on Lowered Estimates]]> In a report published Wednesday, Citigroup reiterated its Buy rating on Barrick Gold Corporation (NYSE: ABX), but lowered its price target from $54.00 to $44.00.

Citigroup noted, “We are lowering our 2013 estimate to $4.29 from $5.20 and 2014 estimate to $4.20 from $4.98. Nearly half of the $0.90

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<![CDATA[Citigroup Reiterates Buy Rating, $54.0 PT on MEMC Electronic Materials on Solid 4Q12 Beat]]> In a report published Wednesday, Citigroup reiterated its Buy rating and $5.40 price target on MEMC Electronic Materials (NYSE: WFR).

Citigroup noted, “MEMC reported Q4 2012 top/bottom line results ahead of Citi and Consensus estimates. For current quarter, Non GAAP revenue/EPS was $704.3mm/$0.08 versus Citi at $597mm/$0.01 and Consensus

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<![CDATA[UPDATE: Citigroup Downgrades Bankrate to Neutral on Lead Generation Challenges]]> Citigroup downgraded Bankrate (NYSE: RATE) from Buy to Neutral and lowered the price target from $14.00 to $12.00.

Citigroup commented, "Insurance & Credit Card Verticals are driving the weakness at RATE as the process of signing up new carriers/agents under the higher quality and more monetizeable leads is

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<![CDATA[UPDATE: Citigroup Downgrades Sapient Corporation to Neutral on Soft 2013 Outlook]]> Citigroup downgraded Sapient Corporation (NASDAQ: SAPE) from Buy to Neutral and maintained a $13.00 price target.

Citigroup noted, "Revenue was modestly ahead of expectations and guidance. However, margins missed guidance. This was attributed to lower than expected employee turnover. … Our Buy rating has been predicated on two

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<![CDATA[UPDATE: Citigroup Downgrades Cliffs Natural Resources to Neutral on Iron Ore Pricing Weakness]]> Citigroup downgraded Cliffs Natural Resources (NYSE: CLF) from Buy to Hold and lowered the price target from $48.00 to $38.00.

Citigroup commented, "We are downgrading CLF to Neutral from Buy following disappointing iron ore pricing guidance across the various regions and cost guidance for Canada. This was compounded by

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<![CDATA[UPDATE: Citigroup Raises PT to $13.25 on FXCM on Strong January Metrics]]> Citigroup maintained FXCM (NYSE: FXCM) with a Neutral rating and raised the price target from $11.00 to $13.25.

Citigroup noted, "While we prefer WETF to play Yen weakness, FXCM should also benefit. Given strong incremental margins for FXCM, such pick up in volumes could pace solid EPS lift.

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<![CDATA[UPDATE: Citigroup Raises PT to $38 on Nielsen Holdings on Bullish Outlook]]> Citigroup maintained Nielsen Holdings (NYSE: NLSN) with a Buy rating and raised the price target from $35.00 to $38.00.

Citigroup commented, "Buy NLSN. Its solid initial 2013 outlook and good 4Q results support our bullish view i.e., consistent levels of revenue growth and margin expansion in almost any economic

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<![CDATA[UPDATE: Citigroup Initiates Navios Maritime Partners at Buy on Dividend Stability Expectations]]> Citigroup initiated Navios Maritime Partners (NYSE: NMM) with a Buy rating and a $14.50 price target.

Citigroup commented, "We are initiating coverage of Navios Maritime Partners with a Buy rating and $14.50 price target, which coupled with its 13% dividend yield provides an 18% expected total return. We

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<![CDATA[UPDATE: Citigroup Raises PT to $32.40 on Soufun Holdings Following Q4 Beat]]> Citigroup maintained Soufun Holdings (NYSE: SFUN) with a Buy rating and raised the price target from $31.00 to $32.40.

Citigroup noted, "Clear 4Q top-, middle- and bottom-line beat vs Citi/Street, thanks to: 1) strong SF Card performance with deeper penetration beyond BJ&SH to tier 2&3 cities; 2) rebound of

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<![CDATA[UPDATE: Citigroup Raises PT to $45 on TC PipeLines LP on Yield Expectations]]> Citigroup maintained TC PipeLines LP (NYSE: TCP) with a Neutral rating and raised the price target from $44.50 to $45.00.

Citigroup said, "We maintain our Neutral (2) rating while increasing our TP to $45.00 based on a 12-month target distribution of $3.16/unit and our expectation that units will trade

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