Tag Archives: citigroup
Morning Update - 02/02/10
Mining shares are moving things higher overseas as commodity prices are rising nicely. The mood has improved thanks to a slew of positive manufacturing data yesterday in both North America and Europe. Lots more earnings today.
Full StoryObama adds more Uncertainty for Financials - 21/01/10
Obama’s comments today regarding additional changes in regulations for U.S. banks has added to the uncertainty in an already uncertain day. The Dow is battling back a little but the financials are hardest hit.
Full StoryWeekly Commentary – USD Strengthens - 21/12/09
In this week’s commentary we take a look at the recent strength of the U.S. dollar and equity markets. As always earnings calendars for the coming week and upcoming economic releases.
Full StoryImpact of Citigroup & Wells Fargo Equity Issuance - 18/12/09
This week Citigroup has sold $17 billion worth of new shares and Wells Fargo sold $10.7 billion. This has put short term negative pressure on the banks and may be creating a short term trading opportunity.
Full StoryWeekly Commentary - 14/12/09
In this week’s commentary we take a look at why equity markets did not respond positively to strengthening economic data. As well as a look at financials when U.S. banks have issued more equity to repay TARP funding from the government. As always earnings calendars for the coming week and upcoming economic releases.
Full StoryCaution When U.S. Banks Come A Calling - 09/12/09
It is speculated Citigroup will be raising capital to repay TARP in the next few days. In this report we take note that large issuances by U.S. financials have caused short term weakness in the financials in both Canada and the U.S. creating a potential buying opportunity.
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