This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Citigroup: Financial Winners and Losers

Stocks in this article: C MS AIG

( Updated with stock price moves throughout.)

NEW YORK ( TheStreet) -- Citigroup (C) was among the best performers of the financial sector Friday, rising 6.5% after reports the bank has restarted efforts to unload its Japanese call center.

The Wall Street Journal reported Friday that Citi's Japanese private equity arm has resumed its effort to sell Bellsystem24, the country's largest call center company by market share. The first round of bidding for Bellsystem24, valued at $1.5 billion by Citi, will close on Sept. 1, the report said, citing a person familiar with the deal.

Citigroup shares were lately rising 29 cents to $4.77, bringing the five-day rally near 20%.

Our Top 10 Stock Search

In other bank news, Morgan Stanley (MS) is planning to hire as many as 400 traders and sales people, according to a Reuters report, as the firm moves to compete better with rival Goldman Sachs (GS).

Reuters late Thursday reported that Morgan Stanley had hired about half of the 400 planned additions to work across sales and trading, citing a source familiar with the plan. Morgan Stanley wants the workers for its foreign exchange, emerging markets and equity derivatives businesses, the report said.

Morgan Stanley shares were up 10 cents, or 0.3%, to $29.46. Goldman, meanwhile, was up 1.7% to $164.75.

Among other bank stocks, JPMorgan Chase (JPM) added 2.7%, Bank of America (BAC) was higher by 2% and Wells Fargo (WFC) rose 1.7%.

Regional bank stocks were also jumping Friday. Regions Financial (RF) was higher by 6.6%, Citizens Republic Bancorp (CRBC) rose 5.4%, Fifth Third Bancorp (FITB) climbed 5%, and Huntington Bancshares (HBAN) tacked on 2.7%

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs