C Citigroup Inc. - C

Technical_Indicator · #1 (**permalink**) 10-13-2008, 11:08 AM

C Citigroup, Inc The bank had its ratings put on review for a possible downgrade despite the bank's lost bid for Wachovia by both Standard & Poor's and Moody's. 14.97 +0.86 / +6.09%

Stock_Analyzer · #2 (**permalink**) 10-13-2008, 08:43 PM

A lot of major moving average line resistance at 18$ range to keep a eye on IF this stock continues to move upward

chuck44l · #3 (**permalink**) 10-13-2008, 11:12 PM

This one should have a nice pop tomorrow with the 250 billion injected into the nine banks. See post U.S. to Buy Stakes in Nation's Largest Banks

Technical_Indicator · #4 (**permalink**) 10-14-2008, 03:15 PM

C Citigroup, Inc The government will buy preferred stock in Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, Merrill Lynch, Citigroup, Wells Fargo, Bank of New York, Mellon and State Street. 18.48 +2.73 / +17.33%

Technical_Indicator · #5 (**permalink**) 10-16-2008, 06:18 PM

C Citigroup, Inc The banking giant reported its fourth straight quarterly loss of $2.8B. The loss was partially due to about $12B in writedowns related to credit and loan losses. 15.90 -0.33 / -2.03%

Iam Nottadog · #6 (**permalink**) 10-16-2008, 10:42 PM

I bought November puts this am.

Stock_Analyzer · #7 (**permalink**) 10-28-2008, 07:53 PM

C resistance at 15.61 and 17.28 with support at 12.00 and 11.50 we must hold over

Technical_Indicator · #8 (**permalink**) 11-11-2008, 05:00 PM

C Citigroup, Inc The global financial services firm is imposing a moratorium on most foreclosures to help at-risk borrowers remain in their homes. The Citi Homeowner Assistance program will contact some 500,000 mortgage holders, roughly $20B of mortgage balances, to try to ensure that they can pay their loans and stay in their homes. 10.64 -0.57 / -5.08%

Technical_Indicator · #9 (**permalink**) 11-13-2008, 03:06 PM

C Citigroup, Inc A number of directors are dissatisfied with the performance of the financial-services giant and are considering replacing Sir Win Bischoff as chairman, people familiar with the matter told The Wall Street Journal. A leading candidate to take over is Richard Parsons, Time Warner Inc.'s (parent company of CNNMoney.com) chairman. 8.96 -0.68 / -7.05%

Technical_Indicator · #10 (**permalink**) 11-17-2008, 10:43 AM

Citigroup to cut more than 50,000 jobs

New York City-based bank unveils massive layoff plan -- the latest step by the embattled firm to slim down in response to the economic slowdown.

NEW YORK (CNNMoney.com) -- Citigroup said Monday it planned to cut more than 50,000 jobs, the latest move by the struggling bank to cut costs in order to weather the credit crisis plaguing Wall Street

In an investor presentation on its Web site, the company said it would reduce its staff levels to approximately 300,000 employees. As of the end of September, the New York City-based bank had about 352,000 workers.

It was not clear from the presentation what parts of the company the cuts would come from, but there was speculation last week that Citigroup was looking to layoff people in its investment banking and wealth management divisions.

Citigroup CEO Vikram Pandit, who was appointed last December, is expected to talk about the job cuts in more detail at an employee town hall meeting held Monday morning.

The latest cuts are yet another example of how Citigroup is desperately trying to cut costs in the wake of the credit crisis. Over the past four quarters, the New York City-based bank has trimmed its payroll by 23,000 workers.

Citigroup, the nation's second largest bank by assets behind JPMorgan Chase (JPM, Fortune 500), has been one of the hardest hit financial institutions during the credit crisis.

Over the last four quarters, the company has lost more than $20 billion, due in large part to its ill-timed bets on the U.S. housing market.

Its stock, which is down 68% so far this year, has lost about a third of its value in the last two weeks alone amid broader investor nervousness about the economy and the U.S. banking sector. Citigroup (C, Fortune 500) stock edged lower in pre-market trading Monday.

There has also been speculation that big changes could come at the top of the organization. Last week, the The Wall Street Journal reported that the company is considering replacing chairman Sir Win Bischoff. Citigroup's board sent a memo to all employees calling the report "irresponsible and completely inaccurate" however.