Citibank Beat Earning Expectation, But Stock Closed Flat

Citigroup also beat firstquarter earnings estimates but its business also saw mixed results. The bank reported earnings of $1.87 per share on $18.58 billion in revenue. Analysts were expecting Citi to report earnings of $1.80 per share on $18.63 billion in revenue.Our earnings reflect the progress we are making to improve our return on and return of capital. Both our consumer and institutional businesses performed well and we saw good momentum in those areas where we have been investing CEO Michael Corbat said [read more]

Goldman Sachs Stock Fell After Mix Earning Report

Goldman Sachs shares fell after the bank reported mixed firstquarter financial results. The investment banking giant reported earnings of $5.71 per share which was better than analysts expectations of $4.99 per share.However revenue was softerthanexpected at $8.81 billion during the quarter. Analysts were anticipating revenue of $8.97 billion. This was the second earnings announcement since David Solomon became CEO.Our core businesses generated solid results driven by our strong franchise positions Solomon said in a statement.We are focused on new opportunities to grow [read more]

Goldman Sachs Stock Fell After Mix Earning Report

Goldman Sachs shares fell after the bank reported mixed firstquarter financial results. The investment banking giant reported earnings of $5.71 per share which was better than analysts expectations of $4.99 per share.However revenue was softerthanexpected at $8.81 billion during the quarter. Analysts were anticipating revenue of $8.97 billion. This was the second earnings announcement since David Solomon became CEO.Our core businesses generated solid results driven by our strong franchise positions Solomon said in a statement.We are focused on new opportunities to grow [read more]

Expect Citibank (C) To Report Better Than Expected Earning Report

Market value $153.4 billionDividend yield 2.8%Analysts average recommendation 1.79Analysts as a group arent as jubilant about large bank stocks as they are about the sectors midsize and smaller companies. But Citigroup (C) $67.27 the nations fourth largest bank by assets has a cleanly bullish camp. With an average recommendation of 1.79 analysts are split on whether the massive money center bank is a Strong Buy or a Buy.As well they should be. With an average price target of $77.64 according to Refinitiv shares in Citigroup have implied upside of more than [read more]

Google Search On Bitcoin Jump 30 to 100, According To Google Trends Search Request.

According to Google Trends search requests for Bitcoin (BTC) jumped from roughly 30 to 100 following the leading cryptocurrencys surge on April 2. Bitcoin pushed over $4500 for the first time this year gaining 15 percent.The rating is compiled by algorithms wherein numbers represent search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular. A score of 0 [read more]

Gold & Silver Awake Today Non-farm Payroll For Breaking Out Of The Consolidation Range

Gold prices are down nearly 3% from the March highs with decline taking price into nearterm downtrend support ahead of todays NonFarm Payroll (NFP) release. XAUUSD $1289.88 and WAGUSD 15.145 is sideways between 12821300 and 15.026 15.227 respectively. The outcome of the US nonfarm payroll could be a possible trigger for gold and silver to break this range and set the direction of the next move.Technical Outlook Gold Weekly Chart Outlook pointing to a reversal off the yearly high and leaves [read more]

This Two World Top Restaurant Chains Stock Get Upgraded

Upbeat prospects at global quickserve restaurant chains Starbucks and McDonalds (MCD) should boost both companies shares according to new research.Shares of Starbucks (SBUX) closed $74.18 on Wednesday. Baird analyst David Tarantino boosted his price target on the company from $74 to $80 above FactSets $70 average.McDonalds stock closed $188.13 on Wednesday while Tarantino raised his price target for the shares to $205 from $196. The average target among analysts tracked by FactSet [read more]

DJIA Set To Open Little Change But Tesla Stock is Down Over -$24 Pre-market

The Dow Jones Industrial Average looks set to open little changed because there is nothing happening to convince markets to go one way or another.Dow futures have dipped 3 points while S&P 500 futures are little changed and Nasdaq Composite futures have declined 0.1%.It really is a waiting game right now. Waiting for China and the U.S. to agree on a trade deal or not even following reports that President Donald Trump could announce a summit soon. Tesla (TSLA) has dropped just 8.1% Thursday morning despite delivering far fewer vehicles [read more]

For Those Who Are Hoping To Jump Onto The Bitcoin Bull Wagon

If you are looking for entry into the bull rally of Bitcoin BTCUSD this levels can help youTo stay bull BTCUSD must stay above the 200SMA level of $4626.15 for another go for the high of $5600 which is the down trend line resistant since July 2018.Bullish senerior will be reverse if BTCUSD goes below the 200SMA line where the 20EMA $4238 50SMA $3950 and 100SMA $3783 will be providing support for the king of cryptocurrencies. [read more]

GBPUSD Maintain Above The 200-SMA

GBPUSD is currently trading at 1.31711 the currency pair clocked a high of 1.31951 yesterday and 1.30084 low on Monday respectively earlier today.Friday price bounced off the 200SMA reaffirm the support level of the GBPUSD but outlook remains neutral as 200SMA is treading along the trend line support.GBPUSD pushed through resistant of 1.20995 the 50SMA and 1.31421 the 20EMA. Next resistant will be at 1.33125 the trend line levels [read more]