citigroup

China’s Housing Bubble Begins to Top

Filed in BP, citigroup, economy, Gold, GOld juniors, Gold Market, housing-market, Lear, o, target by on February 1, 2011 0 Comments
China’s Housing Bubble Begins to Top

Round and round she goes, where she stops nobody knows…. From Bloomberg entitled: China’s Housing Market Nears U.S., Japan Bubble Levels: Chart of the Day “ China’s property market may be heading into a bubble as the economy’s reliance on real estate reaches a level close to the housing peaks in the U.S. and Japan, according to Citigroup Inc. The CHART OF THE DAY shows investment in residential property accounted for 6.1 percent of China’s gross domestic product last year, the same level as the record in the U.S. in 2005 that was followed by the subprime crisis, said Shen Minggao, Citigroup’s China research head. It’s also about 2 percentage points away from Japan’s 1970s housing boom, he said. “ China’s property market is entering into a bubble stage,” Shen said in a phone interview. “It’s evident that property prices are no longer sustainable once the residential investments achieve above 8 percent of nominal GDP, and China may not be an exception.” A 10 percent drop in China’s property investment translates to a 1 percentage point decline in nominal GDP, Shen said. Adding investments indirectly related to the real estate industry, nominal GDP will fall 2 percentage points to 2.5 percentage points, he said China’s property prices rose for 19th month in December, climbing 6.4 percent from a year earlier. The government last week increased the minimum down-payment for second

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MetLife and PNC Both Upgraded at Citigroup (MET, PNC)

Insurance provider MetLife, Inc. ( MET ) and regional banker PNC Financial Services ( PNC ) both caught some positive sentiment on Monday from analysts at Citigroup. The firm said it boosted its price target on MET to $54, which implies a 17% upside to the stock’s Friday closing price of $46.21. Citi also maintained its “Buy” rating on MET and raised its earnings estimates, citing high expected return on equity. Meanwhile, the analyst said it raised its earnings estimates for PNC through 2012, citing the company’s strong capital position and improving credit trends. Citi maintained its “Hold” rating on PNC and introduced a new $70 price target, which implies a 15% upside to the stock’s Friday closing price of $60.83. MetLife and PNC shares were both mostly flat in premarket trading Monday. The Bottom Line Shares of Metlife ( MET ) have a 1.60% dividend yield, based on Friday’s closing stock price of $46.21. Shares of PNC Financial ( PNC ) have a .66% dividend yield, based on last night’s closing stock price of $60.83. MetLife, Inc. ( MET ) and PNC Financial Services ( PNC ) are both currently rated “Neutral,” holding Dividend.com DARS™ Ratingsof 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Morgan Stanley’s Profit Rose 35%

Morgan Stanley’s Profit Rose 35%

Filed under: Earnings Reports , Industry , Citigroup Inc. (C) , JPMorgan Chase (JPM) , Goldman Sachs Group (GS) , Morgan Stanley (MS) Bank earnings are coming in mixed. A few days ago, JPMorgan Chase ( JPM ) reported its profit was up 47%. Then, Goldman Sachs ( GS ) reported earnings were down 52%. And on Wednesday, we got a stellar performance by Morgan Stanley ( MS ). The Wall Street Journal reports that Morgan Stanley’s profits were up 35% to $867 million, up from $460 million a year ago. Earnings jumped to 41 cents per share from 29 cents per share. Net revenue jumped 14% to $7.81 billion. Analysts at Thomson Reuters had forecast earnings of 35 cents a share on $7.35 billion. Continue reading Morgan Stanley’s Profit Rose 35% Morgan Stanley’s Profit Rose 35% originally appeared on BloggingStocks on Thu, 20 Jan 2011 10:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Citigroup Gets More Bullish on Franklin Resources and Prudential (BEN, PRU)

Filed in citigroup, dividend, earnings, Gold, o, shares, target by on January 18, 2011 0 Comments

Financial services companies Franklin Resources, Inc. ( BEN ) and Prudential Financial, Inc. ( PRU ) both saw their price targets boosted on Tuesday by analysts at Citigroup. The firm said it raised its price target for BEN to $143, which implies an 18% upside to the stock’s Friday closing price of $121.21. Citigroup noted that asset flow data remains positive for the company, and maintained its “Buy” rating. Meanwhile, the analyst boosted its target for PRU to $65, representing an expected 5% upside to the stock’s Friday closing price of $61.70. Citigroup also lifted its earnings estimates for Prudential, citing potential benefits from current equity and currency trends, and maintained its “Hold” rating. Franklin Resources and Prudential Financial shares were both flat in premarket trading Tuesday. The Bottom Line Shares of Franklin Resources ( BEN ) have a .83% dividend yield, based on last night’s closing stock price of $121.21. Shares of Prudential Financial ( PRU ) have a 1.86% dividend yield, based on last night’s closing stock price of $61.70. Franklin Resources, Inc. ( BEN ) and Prudential Financial, Inc. ( PRU ) are both rated “Neutral,” holding Dividend.com DARS™ Ratings of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Citigroup Gets Bullish on Package Deliveries; Rates FedEx and UPS as “Buys” (UPS, FDX)

Filed in citigroup, dividend, earnings, economy, Gold Investment, o, shares by on January 14, 2011 0 Comments

Package delivery giants FedEx Corporation ( FDX ) and United Parcel Service ( UPS ) both saw their coverage initiated with a “Buy” rating by analysts at Citigroup on Friday. The firm said it started FDX as a “Buy” because of its strong potential earnings leverage. Meanwhile, Citigroup also initiated UPS as a “Buy,” citing expectations for higher margins, which should recover in coming quarters along with the broader economy. Both FedEx and UPS shares were mostly flat in premarket trading Friday. The Bottom Line Shares of FedEx ( FDX ) have a .50%dividend yield, based on last night’s closing stock price of $95.63. Shares of United Parcel Service ( UPS ) have a 2.60% dividend yield, based on last night’s closing stock price of $72.25. FedEx Corporation ( FDX ) and United Parcel Service ( UPS ) are both rated “Neutral,” holding Dividend.com DARS™ Ratings of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Merck Downgraded to “Hold” at Citigroup on Failed Blood Clot Drug (MRK)

Filed in citigroup, dividend, downgrade, earnings, Gold Investing, o, shares, target by on January 14, 2011 0 Comments

Pharmaceuticals giant Merck & Co., Inc. ( MRK ) on Friday caught a downgrade from analysts at Citigroup, following the company’s Thursday announcement of the failure of its blood clot drug Vorapaxar. Vorapaxar has been deemed inappropriate for patients who have suffered a stroke, thus halting the drug’s development and eliminating a key potential earnings pipeline for the drugmaker. That announcement on Thursday sent Merck’s shares reeling nearly 7%. On Friday, Citigroup said it downgraded MRK from “Buy” to “Hold” on the news with a $39 price target. That target implies a 12% upside to the stock’s Thursday closing price of $34.69. Citigroup noted that Vorapaxar was the company’s best near-term drug prospect. Merck shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Merck ( MRK ) have a 4.38% dividend yield, based on last night’s closing stock price of $34.69. The stock has technical support in the $32 price area. If the shares can firm up, we see overhead resistance around the $38 price level. Merck & Co., Inc. ( MRK ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Verizon’s Target, Estimates Boosted at Citigroup (VZ)

Filed in citigroup, dividend, earnings, Gold Investing, o, shares, target by on January 13, 2011 0 Comments

Telecom giant Verizon Communications Inc. ( VZ ) on Thursday saw its price target and earnings estimates boosted by analysts at Citigroup. The firm said it now expects shares of VZ to reach $39, which implies a 10% upside from Wednesday’s closing price of $35.47. Citigroup also upped its earnings estimates for the company, citing lower expected pension dilution, and maintained its “Buy” rating. Verizon shares were mostly flat in premarket trading Thursday. The Bottom Line We have been recommending shares of Verizon ( VZ ) since Oct.10, 2008, when the stock was trading at $25.93. The company has a 5.50% dividend yield, based on last night’s closing stock price of $35.47. Verizon Communications Inc. ( VZ ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Top Picks 2011: Citigroup (C)

Filed in Bank Gold, citigroup, o by on January 7, 2011 1 Comment
Top Picks 2011: Citigroup (C)

Filed under: Newsletters , Citigroup Inc. (C) , Stocks to Buy , Financial Crisis , Best Stocks for 2011 This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011 . This special report is courtesy of TheStockAdvisors.com . “After two years of economic declines, even the small uptick in growth we are starting to see should be a tonic for America’s battered banks,” says Jim Powell . The editor of Global Changes & Opportunities Report explains, “Of the major U.S. banks, I think Citigroup ( C ) offers investors the most promise; as such, I am selecting the stock as my top pick for 2011. Continue reading Top Picks 2011: Citigroup (C) Top Picks 2011: Citigroup (C) originally appeared on BloggingStocks on Fri, 07 Jan 2011 17:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Corning’s Estimates Boosted at Citigroup (GLW)

Filed in citigroup, dividend, earnings, Gold Investing, o, shares, target by on January 6, 2011 0 Comments

Glass maker Corning Incorporated ( GLW ) on Thursday saw its earnings estimates raised by analysts at Citigroup. The firm said it boosted its estimates for GLW through 2011, citing stable LCD panel prices and expected benefits from lower tax rates. Citigroup maintained its “Buy” rating and $22.50 price target on GLW, which implies a 19% upside to the stock’s Wednesday closing price of $18.98. Corning shares were mostly flat in premarket trading Thursday. The Bottom Line Shares of Corning ( GLW ) have a 1.05% dividend yield, based on last night’s closing stock price of $18.98. The stock has technical support in the $16-$17 price area. If the shares can firm up, we see overhead resistance around the $21 price level. Corning Incorporated ( GLW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Polo Ralph Lauren Upgraded to “Buy” at Citigroup (RL)

Filed in citigroup, dividend, Gold Investment, o, shares, target, upgrade by on January 4, 2011 0 Comments

Apparel maker Polo Ralph Lauren Corporation ( RL ) on Tuesday caught a big upgrade from analysts at Citigroup. The firm said it upgraded RL from “Hold” to “Buy” with a $138 price target, which implies a 24% upside to the stock’s Monday closing price of $111.69. Citigroup noted the company can leverage higher sales within its improving business model. Polo Ralph Lauren shares were mostly flat in premarket trading Tuesday. The Bottom Line Shares of Polo Ralph Lauren ( RL ) have a .36% dividend yield, based on last night’s closing stock price of $111.69. The stock has technical support in the $102-$105 price area. If the shares can firm up, we see overhead resistance around the all-time high levels of $115. Polo Ralph Lauren Corporation ( RL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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M&T Bank’s Price Target Raised at Citigroup (MTB)

Filed in citigroup, dividend, Gold Investing, Gold Investment, o, shares, target by on December 29, 2010 0 Comments

Regional banker M&T Bank Corporation ( MTB ) on Wednesday saw its price target boosted by analysts at Citigroup. The firm said it upped its price target for MTB from $86 to $91, implying a 5% upside to the stock’s Tuesday closing price of $86.78. Citigroup also reiterated its “Hold” rating on the stock, noting its is more optimistic about the recent Wilmington Trust deal following a meeting with management. M&T Bank shares were mostly flat in premarket trading Wednesday. The Bottom Line Shares of M&T Bank ( MTB ) have a 3.23% dividend yield, based on last night’s closing stock price of $86.78. The stock has technical support in the $80-$81 price area. If the shares can firm up, we see overhead resistance around the $90-$91 price levels. M&T Bank Corporation ( MTB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Top Picks 2011: Favorite Stocks from 60+ Advisors

Filed in Apple, Bank Gold, Cisco, citigroup, medtronic, o by on December 27, 2010 0 Comments
Top Picks 2011: Favorite Stocks from 60+ Advisors

Filed under: Stocks to Buy , Stock Picks , Best Stocks for 2011 Looking for a shopping list of new stock ideas for 2011? Each year for 28 years, TheStockAdvisors.com has turned to the nation’s most respected and well-known newsletter advisors and asked them for their favorite investment ideas for the coming 12 months. With 65 advisors participating in this year’s survey, there’s something for every type of investor, from high-quality blue chips to speculative home runs. Continue reading Top Picks 2011: Favorite Stocks from 60+ Advisors Top Picks 2011: Favorite Stocks from 60+ Advisors originally appeared on BloggingStocks on Mon, 27 Dec 2010 09:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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