My mortgage is with Citigroup. So I don't know what to do. I don't have much money to invest, but now and proably for another year will be the right time to do it. Hopefully something will come out from one of these financial geniuses that will save everything, but I wouldn't hold my breath.
Stocks in New York had been enjoying a break from selling pressure early Friday but lately pared their gains after Citigroup (C Quote - Cramer on C - Stock Picks) CEO Vikram Pandit reportedly denied rumors that his firm was seeking to sell its Smith Barney brokerage unit.
The Dow Jones Industrial Average, up some 170 points earlier, was lately adding 25.6 points at 7577.85, and the S&P 500 was tacking on 1.26 points to 753.7 The Nasdaq was down 5.4 points at 1310.8
Beleaguered banking giant Citigroup, whose stock has been crushed this week despite a large investment by Saudi billionaire shareholder Prince Alwaleed, was on the rise Friday morning following word that it's contemplating selling part or all of itself, according to a report by The Wall Street Journal.
On the other hand, reports by the New York Times and CNBC indicated that senior executives, including Pandit, are not interested in selling segments of the business. Citi shares, which had earlier been helping lift the Dow, were lately down 19%.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment