0.37%SPY 123.75 0.23%XLF 21.30 
1.53%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Shares of Citigroup Inc. jumped Friday morning as Wall Street focused on the company's plan to slash its work force by about 9,000 more jobs after a $5.1 billion first-quarter loss.
| C | 18.9 |  0.6 |
The stock gained $1.09, or 4.5 percent, to $25.12 after the opening bell.
Sandler O'Neill & Partners analyst Jeff Harte said Wall Street probably thought the loss would have been higher and kept a "Hold" rating and $27 price target.
"However, early share gains may be muted as investors acknowledge that exposures remain large, and management's outlook on the call will be key," Harte said in a note to clients.
His target implies he expects the stock to rise about 12 percent over Thursday's $24.03 close.
Sarah Palin, the first woman vice presidential candidate for the Republican party, drew more than 40 million viewers on TV networks Wednesday whe...
Stephenie Meyer, who wrote 'Twilight', will not continue writing ...
IN THE HEADLINES McCain caps GOP convention vowing 'change is coming' to Washing...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
