Citigroup (C) reported earnings well below analysts expectations for the fourth-quarter sending shares lower in early trading. The jumbo-sized super bank saw trading revenues rebound but took a $2.32 billion charge for legal fees and lay-offs. New CEO Michael Corbat said the company continues to be hampered by regulatory matters […]
Author: InvestAdvocate
Wall Street closes at five-year high on data
Stronger-than-expected data on housing starts and jobless claims lit a fire under stocks for a third day, boosting the S&P 500 to a five-year high on Thursday. The Dow Jones industrial average (^DJI) was up 84.79 points, or 0.63 percent, at 13,596.02, according to the latest available figures. The Standard […]
Local Investors Records 44.3% Participation in 2012 on Nigerian Bourse
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange (NSE) Thursday said Local investors contributed 44.3 percent (44.3%) of total Market activities on its Bourse. Oscar Onyema, Chief executive Officer (CEO) of the Nigeria’s Exchange said this at a World Press Briefing “An Appraisal of Capital Market Performance 2012†[…]
