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Showing posts with label citigroup. Show all posts
Showing posts with label citigroup. Show all posts

Monday, April 20, 2009

MAKE MONEY: Bank of America earnings preview


TheDeal.com: Bank of America Corp. (NYSE:BAC) is releasing first-quarter earnings Monday morning. Now that J.P. Morgan (NYSE:JPM), Goldman Sachs Group Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) have issued earnings and beat analyst's expectations, Bank of America has a lot to prove, especially since CEO and Chairman Ken Lewis' position has come under fire in recent weeks due to the Merrill Lynch acquisition.

Sunday, April 19, 2009

And Nothing But The Truth: Bank Profits Mask Economic Peril Still Lurking

WashingtonPost.com: The earnings bloom, however, is probably a false spring, according to bank executives and financial analysts. Banks rise and fall with the economy.

As prosperity recedes, more people and companies are defaulting on loans. The nation and its banks still face grave challenges, they said.