Tag Archives: Citigroup

Citi, Merrill see bigger losses on write-downs

BOSTON (MarketWatch) — Investors were set to focus on banking stocks again after Citigroup Inc. and Merrill Lynch & Co. reported more quarterly losses Thursday, one day after the financial sector saw a double-digit percentage decline.
Markets have had plenty of earnings reports to comb through this week, and investors are trying to decide whether more [...]

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Citigroup and Merrill Lynch posts loss

Merrill Lynch reports $5.2 billion loss
By Sam Mamudi, MarketWatch
Last Update: 10/16/2008 8:53:00 AM
NEW YORK (MarketWatch) — Merrill Lynch, which agreed last month to be acquired
by Bank of America, on Thursday posted a wider third-quarter loss, hit by
write-downs and credit losses.
Merrill (MER) lost $5.15 billion, or $5.58 a share, in the quarter, compared to a
loss of [...]

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Citigroup has lost $20B in a year and business keep shrinking

NEW YORK (AP) — Citigroup Inc. suffered its fourth straight quarterly loss due to credit-related missteps and cut another 11,000 jobs.
The New York-based bank said Thursday that it lost $2.8 billion, or 60 cents per share, in the third quarter, compared with a profit of $2.2 billion, or 44 cents per share, a year ago. [...]

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Citigroup laying off several stock analysts

I don’t rely on analysts. I do my decisions myself and I am almost as good as an analyst to lose money. LOL
http://www.marketwatch.com/news/story/citigroup-laying-off-several-stock/story.aspx?guid=%7BE4045425%2DE297%2D4340%2DAC7A%2DA25A77558C41%7D&dist=hplatest
SAN FRANCISCO (MarketWatch) — Citigroup Inc. is laying off stock analysts around the world in line with a 7% reduction in the number of companies it covers, Thomson Reuters reported in its online [...]

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Where the money will go–$250 billion bank stakes

Treasury plans to take equity positions by mobilizing funds from $700 billion bailout package.
Citigroup                         $25 billion
J.P. Morgan                      $25 billion
Bank of America              $12.5 billion
Merrill Lynch       [...]

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