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c

Citigroup (C) Breaks Through Support at $4.80

Published on Thu, 02/10/2011 - 15:00
By Stephanie Shyu

Citigroup (NYSE:C) has a potential upside of 17.4% based on a current price of $4.77 and analysts' consensus price target of $5.60. The stock should find initial support at its 50-day moving average (MA) of $4.77 and further suppo

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Shares of Citigroup (NYSE:C) have bearishly opened below the pivot of $4.84 today and have reached the first support level of $4.80. Analysts will be watching for a cross of the next downside pivot targets of $4.76 and $4.68.

By Stephanie Shyu
sshyu@fnno.com

Citigroup Down 0.3% as It Settles Claims Related to Texas Mortgage Assigner

Published on Tue, 02/08/2011 - 13:22
By Stephanie Shyu

The most recent settlement involved a bankrupt homeowner who contested Citi's use of a Texas mortgage assigner, the report said.

Citigroup shares are down 0.31%, or $0.01, to $4.89.

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Shares of Citigroup (C) are near the flatline as the bank settles fraud cases brought by borrowers who accused the bank of filing fraudulent mortgage documents, Bloomberg reports. Citi settled or lose at least five such claims in

By Stephanie Shyu
sshyu@fnno.com

Citigroup Down 0.1%, After Hiking CEO Pandit's Pay to $1.75 Million from $1

Published on Mon, 01/24/2011 - 12:59
By Stephanie Shyu

Pandit has received a symbolic salary of $1 a year, which Pandit had vowed to keep until his firm returned to profitability, noted The New York Times.

Richard Parsons, chairman of the board of Citigroup, said, "The board is very pleased with the progress that the company has made under Vikram's leadership."

Citi shares are down 0.10%, or $0.02, to $4.89.

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Shares of Citigroup (C) are flat after the bank said in a late-afternoon statement Friday that its Board of Directors is hiking the base pay for CEO Vikram Pandit to $1.75 million from $1.

By Stephanie Shyu
sshyu@fnno.com

Bank of America Slip Nearly 2% Following Disappointing Citigroup Quarterly Results

Published on Tue, 01/18/2011 - 15:57
By Stephanie Shyu

Earlier Citigroup shares are sharply lower after the bank--hit by a net loss of $52 million in its brokerage and asset management holdings--reported reported a $1.3 billion profit, or 4 cents a share, from a $7.6 billion loss, or

Analysts had forecast profit of 8 cents a share on revenue of $20.6 billion, according to a FactSet Research poll.

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Bank of America (BAC) shares are slipping following a disappointing earnings report from Citigroup (C). Bank of America is slated to release its financial results on Friday.

By Stephanie Shyu
sshyu@fnno.com

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