Citi Trades Flat but GE Shines

NYSE Floor - Traders

The usual volume leaders are trading light today on a very uneasy Friday session thanks to U.S. Unemployment hitting 10.2%.  Citigroup (NYSE:C) shares aren't breaking a sweat but General Electric (NYSE:GE) is up 6% and past $15 a share.

Early Volume Leaders Citi, Ford and BofA - Just Wait for Friday

Same Bat-Time, Same Bat-Channel

Same Bat-Time, same Bat-Channel, this morning leading the volume of most shares traded are the usual suspects of Citigroup (NYSE:C), Bank of America (NYSE:BAC), and Ford Motor (NYSE:F) helping to push up all the major indexes.

Ford Lifts the Dow Temporarily (F, C, BAC)

Ford

The major indexes got a running start this morning thanks to impressive profits by Ford Motor (NYSE:F) but the rally has faded headed into afternoon trading with Citigroup (NYSE:C) falling 6.3% on normal but heavy volume.

Another Day, Another Triple Digit Swing in the Dow Jones (C, BAC)

Dow Jones Triple Digit Swings

The Dow Jones is up 169 points heading into the 2 PM EST hour with Citigroup (NYSE:C) and Bank of America (NYSE:BAC) leading the charge thanks to positive GDP news.

Stocks Drop Monday, Citi and BofA Leading the Charge

Dow Jones Triple Digit Swings

The Dow Jones is down over 100 points today and Citigroup (NYSE:C) and Bank of America (NYSE:BAC) are leading the volume on the big boards with a combined 770,000,000 shares traded heading into the final hour of trading.

Bank of America Shareholders Hope for Good News this Friday (BAC)

Bank of America Bullish Case (NYSE:BAC)

Bank of America Corp. (NYSE:BAC) may rock the market for the good or bad this Friday, Oct 16th and seeing how the U.S. taxpayer has coughed up $45 billion in TARP funds ($1.83 billion paid back thus far) we all have a vested interest in the outcome of BofA's Q3 earnings report.

The Dow Jones Finishes at 10,015 (BAC, JPM, INTC)

Bullish (Bull Market Blue Pic)

U.S. stocks rallied, sending the Dow Jones Industrial Average above 10,000 for the first time in a year to finish the day at 10,015 thanks to better-than-estimated earnings at JP Morgan Chase & Co. (NYSE:JPM) and Intel Corp. (NASDAQ:INTC), but can Bank of America (NYSE:BAC) keep the rally going?

Bank of America to Report a Loss Friday, But How Much?

Bank of America (NYSE:BAC)

Bank of America Corporation (Public, NYSE:BAC) is reporting Q3 2009 earnings on Friday (Oct 16th) before the market open and Wall Street is expecting the partially government owned financial giant to report a loss of 7 Cents per share, but could it be worse?

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%.

Sector to Watch - Financials

Embedded Video: 
Syndicate content

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details