Tag: Citigroup


Financial sector a big laggard or a sign of bigger storm ahead? | Technical Analysis | US Stock Market

For the past quarter in 2012, Dow Jones Industrial has seen a steady upward price momentum with key indicators also ticking up. Nevertheless, the volume has not been too comforting, coupled with much in-decisiveness depicted in wide weekly range swings and doji formations. Interestingly, the DJ Financial Index has been a big laggard against the general DJI components. It is…


US Bank stocks badly sold off with increased market uncertainty | Citigroup, BAC | US Stocks

Across the globe, U.S. economic data released in the past week were mostly upbeat – increases in sales of new and existing homes, an unexpected rise in durable-goods orders and a climb in the consumer sentiment index to its highest level since October 2007. Now the focus of weary eyes are on these key macroeconomics developments: a) The risk of…


Citigroup C – time to take positions | Stock Prices & Analysis | US

US Banking giant Citigroup (C) announced plans 21 Mar 2011 Monday to conduct a 1-for-10 reverse stock split and resume paying a quarterly dividend.The reverse stock split will slash the number of Citi’s outstanding shares to 2.9 billion from about 29 billion.Citi, which recently finished repaying its $45 billion taxpayer-funded bailout from the financial crisis, said it anticipates the reverse…