The Dow Jumps 100 Points with Citi and Fannie Leading the Charge (C, FNM, AAPL)

Bullish (Bull Market)

Today we wait to hear Q3 earnings from Apple Inc. (NASDAQ:AAPL) but the bulls are in charge pushing up the Dow Jones 100 points before 1 PM EST with Citigroup (NYSE:C) and Fannie Mae (NYSE:FNM) leading the volume of shares traded.

Will Citi Continue to be Plagued?

Housing and Money

Will Citigroup Inc. (NYSE:C) and other big financial institutions continue to be hounded by the housing situation?  It seems that each foreclosure drags down the surrounding homes through price competition, resulting in an overall mess for the housing market.  The chair of the Congressional Oversight Panel does not necessarily believe the housing market necessarily on the way to recovery.

Dick Bove loves Goldman Sachs and Citigroup

Richard (Dick) Bove

Rochdale Securities Banking Analyst Richard Bove said today on CNBC that Goldman Sachs (NYSE:GS) is the best-mangaged firm in the financial sector and Citigroup Inc. (NYSE:C) stock is the cheapest.  Citi shares are down 6% and trading in the mid $4 range.

Citigroup Reports on Thursday: How Much Will they Lose?

Citigroup - Corporate Office

Citigroup Inc. (NYSE:C) is reporting Q3 2009 earnings on Thursday (Oct 15th) and Wall Street is expecting the 34% U.S. Government Owned Financial Giant to report a loss of 22 Cents per share,  could it be worse?

Is Citi Taking Advantage?

Citigroup - Corporate Office

One newspaper pretty squarely pointed a finger this weekend at CitiFinancial of Citigroup Inc. (NYSE:C), we’ll let you choose which finger.  It seems that CitiFinancial’s mortgage offices may have been working on some interesting dealings with one couple in Iredell County.  Reportedly the Citi staff went as far as showing up in Ronnie Fruia’s hospital room while he was recovering from a stroke to get him to sign papers for a mortgage modification. 

Citi and BofA Up thanks to Goldman

Bank of America Bullish Case (NYSE:BAC)

Goldman Sachs (NYSE:GS) went to bat today for large U.S. Banks, their report showed service industries returned to growth after 11 months of contraction.  Wells Fargo (NYSE:WFC) is the big winner up 6%, but holding its own this morning are Bank of America (NYSE:BAC) and Citigroup (NYSE:C) both up nearly 3%.

Get Ready to Pay the FDIC: Wells, BofA, JP Morgan and Citigroup

F.D.I.C. (Federal Deposit Insurance Corporation)

The FDIC may cash in on one of the biggest acts of 'Bank Fee Karma' ever, under the current assessment and each bank’s deposits, Wells Fargo & Co.'s (NYSE:WFC) fee may be $3.2, JPMorgan Chase & Co. (NYSE:JPM) may pay $2.4 billion, Citigroup Inc. (NYSE:C) $1.2 billion and Bank of America (NYSE:BAC) may owe $3.5 billion under the FDIC proposal for banks to prepay three years of premiums.

Big Rally Today, Citi and XEROX Benefit

Bullish (Bull Market Blue Pic)

The Bulls were on fire today, the Dow Jones finished up 124 points and Citigroup (NYSE:C) and XEROX (NYSE:XRX) were the volume leaders on the NYSE.

Citigroup down on Burlington Northern and Others


Mixed review from Citigroup (NYSE:C) today casting doubt on the railroad sector stocks, including Burlington Northern Santa Fe Corporation (NYSE:BNI) and CSX Corporation (Public, NYSE:CSX) both trading down on the news.

Citi Shares up 5% on Heavy Volume


Citigroup (NYSE:C) shares are up 5% today and in the last five trading sessions Citi have jumped 13%.  Once again volume is on fire with Citi shares already at 433 million at 1:19 PM EST.

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