Citigroup News

A lot of bank stocks have been beaten down the last few months so the question has to be have any of them become oversold? I analyzed five financial stocks to see if I could find any that are undervalued.

It is rare for one of America's largest companies to lose a third or more of its sales in a brief time.

Some states and five banks - Bank of America , JPMorgan Chase , Wells Fargo , Citigroup and Ally Financial -A are on the brink of finalizing a $25 billion deal over problematic foreclosure practices.

Emerging-market stocks are "overbought" as investors pour money into developing-nation equity funds, prompting Morgan Stanley to cut its allocation for developing-nation equities, the brokerage said in a report.

The $25 billion foreclosure agreement between big banks and state attorneys general marks a turning point for lenders, including Charlotte's Bank of America Corp., looking to move beyond their mortgage woes, some industry experts say.

Florida held out until the eleventh hour in the landmark $25 billion foreclosure settlement talks this week and captured a special monetary guarantee awarded only to Florida and California.

Equities research analysts at Citigroup boosted their price target on shares of Health Net to $48.00 in a research note issued to investors on Friday.

General Electric Company : GE Appliances announced the opening of its GeoSpring Hybrid Water Heater manufacturing facility at Appliance Park in Louisville, Ky.

Barclays fiscal year 2011 net attributable profit of 3 billion pounds is down from 3.56 billion in 2010 on "challenging" market conditions.

Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc.

Citigroup upped their price target on shares of Cobalt International Energy from $26.00 to $42.00 in a research note issued on Friday.

The New York-based bank, which is axing 4,500 jobs globally to offset the sluggish economy and tougher capital requirements, told the daily it would continue investing in China, with growth opportunities seen in corporate debt market and asset management.

True Religion Apparel was downgraded by equities research analysts at Citigroup from a "buy" rating to a "neutral" rating in a research note issued to investors on Friday.

Not everyone is cheering the foreclosure abuse settlement reached today with five of the nation's biggest banks.

Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc.

NEW YORK &#8212 On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange.

The regulator chosen by banks and attorneys general to oversee Thursday's $25 billion settlement over widespread mortgage abuses has a reputation for balancing the industry's health with consumer interests.

Royal Bank of Scotland Group Plc, the U.K.'s largest government-owned lender, dismissed at least four employees in connection with a probe of potential interest- rate manipulation, two people briefed on the move said.

Investment analysts at Citigroup decreased their earnings per share estimates on shares of Sprint Nextel in a note issued to investors on Thursday.

In this Sept. 14, 2010 file photo, a house in Homestead, Fla. sits empty, for sale as a foreclosure home in a neighborhood where half of the houses were empty and up for foreclosure.