ACCESS REALMONEY
Banks
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- MasterCard Charges Ahead
- Countrywide Selloff Resumes
- Countrywide's Soggy Story
- Del.icio.us
- Digg
- StumbleUpon
Citigroup C was dropping 3% in early trading Thursday after CIBC World Markets lowered its rating on the stock and said the financial services giant might be facing a huge capital shortfall. According to CIBC, Citi could have to cut its dividend or sell some assets in order to help raise around $30 billion in capital. The firm reduced its rating on Citi to underperform from sector perform. Shares of Citi could come under pressure and possibly trade into the low $30s, CIBC said. In premarket action, Citi was down $1.11 to $40.25, putting the stock at a 52-week low. Also, CIBC downgraded Bank of America BAC to sector perform from outperform, expressing worry about the company's revenue outlook. Bank of America closed Wednesday at $48.28.
Shares surge 13% after another impressive quarter.
Shares drop 4% after a former exec settles insider trading charges.
Is the lender liquid enough to make it through another crisis?
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
Keep on top of the market and the critical information you need to make more profitable investing decisions.
Sponsored by:
RSS
