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Tag Archives: Citigroup

Bank Earnings Season 1Q 2014: Citi follows on to 2013 with a $1.23 earnings

Many were slow to comprehend the notch in Fee income and Retail Banking Income balance at JP Morgan, though analysts had updated their recommendation to a $1.25 EPS for the … Continue reading

April 14, 2014

Bank Results Season: Citi Doubles Profits to $13.9 Bln in 2013

From Mike Corbat’s self propelled operational restructuring of the business, Mike’s achievements include in his own words, 15% increase in Operational Income, core loans were up by 7%, $2.4 B … Continue reading

January 16, 2014

Bank Results Season: BofA makes it 4/4 on below expectations

Of course, after Bank of America’s $2.5 Bln 20 cents a share run in the low mortgage quarter finds investors chary of the mortgage producers US Bank and Signature Bank … Continue reading

October 16, 2013

Bank Results Season: Citi unfortunately makes it 3/3 on underperforming Big 4

Of course that is just making the coming bank rally sweeter and likely Friday’s Morgan Stanley results which we do not cover anymore will be missed by the rally after … Continue reading

October 15, 2013

It’s Monday Again: Markets hath no fury than when scorning banks, Blackberry gets a ‘sinking deal’ (The Week ahead: September 23 – 27, 2013, US Economy & Markets)

Markets cannot be allowed to Dictate Fed Policy Jefferies results cascaded an apposite downturn into the markets even as GM was upgraded to investment grade on the back of a … Continue reading

September 23, 2013

It’s Monday again!: Economic Recovery strength in the second half greatly exaggerated ( US Economy & Markets:: August 05- August 09, 2013)

The ISM Services indices, comparable to PMIs in other geographies, jumped to 56 even as the sub indices for unemployment followed the declining numbers on the Employment situation Report on … Continue reading

August 5, 2013

Bank Results Season: Bank of America finally exits the penny, quarter frame of mind! ($4 Bln Profits Q2 2013)

The Bank firstly returned over 80 MM equity shares to its Treasury buying back from investors and exiting $5 Bln in preference Capital even as the $4 Bln still spread … Continue reading

July 17, 2013

Bank Results Season: Sorry Lloyd, Harvey – we are not impressed (EPS $3.78 per share Q2 2013)

The banks are of course back with a bang. The big mortgage players were ahead when they reported on Friday and Citi was good for the coin on Monday. But … Continue reading

July 16, 2013

Bank Results Season: Citi continues to blaze trail under new CEO ($1.33 per share Q2 2013)

  The second quarter at Citi followed the pattern established in Q1 and the bank was unable to break the revenue ceiling under Mike Corbat with another $20bln+ revenue quarter … Continue reading

July 15, 2013

The Mid-Week Trend Update: Banking heavies on watchlist as US exits S&P ‘risk’

The week’s continuing month long Global FX turn seemed ominous for the big banks, Citi coming under fire from one of the rare remaining bears (analyst Mr Peabody) as Emerging … Continue reading

June 13, 2013

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