Posts Tagged ‘ citigroup ’


IPO Activity on Wall Street

Submitted by
on July 28, 2011

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Historically IPO activity on Wall Street tends to be a feast or famine scenario, and it seems that investors interested in IPOs are in for a feast right now as a number of companies in different sectors go public. Having made its debut as a stock market listed company on Wednesday, Dunkin' Brands traded up from the original list price. Shares were priced at $19, but opened at $25 and closed the day at $27,85 – up 46.6 percent. As the holding company of Dunkin'...

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Second Quarter Reporting Begins

Submitted by
on July 11, 2011

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With the US job situation and its related impact on economic recovery having dominated markets in the past two months or so, the release of second quarter results by stock market listed companiesis set to capture investor attention in the upcoming week. Influential companies publishing results in the week ahead include Alcoa (NYSE:AA), continuing the tradition of being first to make results known, as well as JP Morgan Chase & Co (NYSE:JPM), Citigroup (NYSE:C), and Google (NASDAQ:GOOG). Apart from a few other companies, other stock market listed firms will begin reporting from next week,...

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Retail Giants, Consumer Spending Under Wall Street Spotlight

Submitted by
on February 21, 2011

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With mega-retailers Wal-Mart, Target, Macys, and JC Penney, among others, set to release quarterly earnings this week, stock market investors will no doubt be interested in consumer activity trends in the United States – and it appears that there is reason to be optimistic. The mall used to be the place to hang out in the 80s, and even into the 90s, but its grip started to slip in the late 90s and when the global crisis hit, quite a number of shopping malls across the country were...

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Investors Hopeful for Dow to Pass Five-Digit Mark

Submitted by
on October 12, 2009

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Friday saw stock market indicators closing at their highest level in a year as Alcoa kicked off the third quarter earnings season by reporting an unanticipated profit. Additional factors behind the surge in stocks included a rally by Intel and IBM as well as better-than-expected economic data which is seen as an indication that the US recession is coming to an end. The Dow Jones industrial average reached 9,864.94, being an increase of around 4 percent, at close of business on Friday, while Standard & Poor's 500 stock index closed at 1,071.49, an increase...

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Axing From Global Dow Highlights Shaky Footing of Citigroup and General Motors

Submitted by
on March 30, 2009

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Although the scheduled annual review of the Global Dow (GDOW) components is only due to take place in September, the extraordinary worldwide market conditions currently being experienced prompted a review of the 150 companies endorsed by the recently established market index. The result of the early review saw the ousting of General Motors and Citigroup – two companies that have been under the microscope for some time now. This has sparked speculation as to whether these two high-profile companies will suffer the same fate on the Dow Jones Industrial Average which monitors 30 top...

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Recovery of U.S. Economy Contingent on Stabilizing Financial System

Submitted by
on March 12, 2009

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Following a dramatic Wall Street rally on Tuesday which saw the Dow Jones industrial average gain 379 points, with the Standard & Poor’s 500 climbing 43.07 points and the Nasdaq composite going up by 43.07 points, the market inched slightly higher again on Wednesday, leaving stock market investors wondering whether this should be seen as a sign for optimism. Tuesday’s market surge has been primarily attributed to Citigroup’s report that the troubled financial institution traded profitably in both January and February. In light of the fact that Citigroup had reported...

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Wall Street Facing 12-year Lows, Buffet’s Berkshire Takes a Knock, GE Cuts Dividends

Submitted by
on March 2, 2009

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Wall Street ended last week on the brink of 12 year lows with the Dow Jones industrial average posting its worst February since 1933 and closing at 7,063, while the Standard & Poor’s 500 ended the week at 735 and the Nasdaq composite dropped to 1,378. A number of factors had a negative impact on stock market performance last week, including the worse than expected GDP reading for the fourth quarter of 2008 and the news that the US government is set to take a large stake in Citigroup, which in turn sparked fears...

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Monday’s Stock Market Rally Seen as Endorsement of Obama’s Economic Team

Submitted by
on November 25, 2008

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Markets in the United States and around the world rallied on Monday, which many see as an endorsement of Barack Obama’s choice for his administration’s economic team. The additional government bailout package for banking giant Citibank also contributed to the spirit of optimism reflected in Monday’s stock market activity. The Dow Jones industrial average rose 4.9 percent, the Standard & Poor’s 500 gained 6.4 percent and the Nasdaq composite index rose by more than 6 percent. For the Dow and S&P 500, the two-day percentage gain was the biggest experienced since October 1987, while...

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