Citi, Wells Fargo Profits Rise Amid Uncertainty

Citigroup and Wells Fargo each reported an earnings rise, but there is still uncertainty in the banking industry, Liz Moyer reports on Markets Hub. Photo: Getty Images.

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Source – WSJ.com

Markets Hub: Citi CEO Gets a Big Retention Deal

Citigroup awarded Chief Executive Vikram Pandit a multimillion-dollar package to keep him at the helm for at least four more years, a vote of confidence in an executive who almost was ousted in the financial crisis. Randall Smith has details.

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Source – WSJ.com

Markets Hub: Citi Now a $40 Stock

Citigroup became a $40 stock for the first time since late 2007, as its share price appeared to rise more than 850% from Friday’s close. One catch: Investors didn’t earn a dime on Monday. Matt Phillips has details.

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Source – WSJ.com

Global inflation is a tiger ‘out of the cage’

William Rhodes, senior advisor to Citigroup, tells John Paul Rathbone, the FT’s Latin America Editor, about his concerns on global inflation. Mr. Rhodes gained a reputation as ‘Mr Fixit’ for his experience helping to resolve international debt crises throughout his 50-year career at Citigroup. He says that Eurozone countries should be given more time to [...]

Microsoft’s Stock Struggle

Citigroup Director on Microsoft stock
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Source – FoxBusiness.com

News Hub: Bank Stocks Rally on Citi Results

The financial sector led U.S. stocks higher following stronger-than-expected earnings from Citigroup. George Stahl discusses.

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Source – WSJ.com

Good news from Citigroup

Citigroup sought to allay investors’ fears over the US mortgage crisis, saying it had not uncovered any irregularities in its foreclosure process and downplaying the potential cost of buying back home loans from government entities.

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Source – FT.com

Markets Hub: Banks Carry Stocks

Banks pulling U.S. stocks higher, after Citigroup reported third-quarter earnings, as most banks report this week. But the dollar is still the pivot for stocks and other investments. Eduardo Kaplan, Joe Bel Bruno and Paul Vigna discuss.

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Source – WSJ.com