STOCKS NEWS US-Financials rise after Citi's CEO memo on profits

Stocks on the move ,[HOT-RTRS] Real-Time Equity news [U E]

U.S. stock market report [.N]
0720 ET 10March2009-Financials rise after Citi's CEO memo on profits
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Shares of financial stocks rose in premarket trade on Tuesday, after Vikram
Pandit, the chief executive officer of Citigroup (C.N), said the bank was
profitable in the first two months of 2009, and that it was confident about its
capital strength.

The memo also included speaking notes for Pandit. In the notes, Citigroup
said it was having its best quarter-to-date performance since the third quarter
of 2007, though "we are still one month away from the end of the quarter and
market volatility could alter results."

For details, see [ID:nLA390055]

Citigroup shares rose 21 percent to $1.27 before the bell while Bank of
America (BAC.N) surged 14 percent to $4.27 and the Financial Select Spider ETF
(XLF.P) added 5.8 percent to $6.62.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 ET 10March2009-Economic indicators for March 10
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Economic indicators on tap for Tuesday include weekly ICSC chain store
data, IBD economic optimism data for March, January wholesale inventory and
sales figures and the ABC consumer confidence index.

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0700 ET 10March2009-Earnings diary for March 10
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Companies scheduled to report quarterly results on Tuesday include: Kroger
(KR.N), Take-Two Interactive Software (TTWO.O), Boston Beer Co (SAM.N), Dick's
Sporting Goods (DKS.N), J. Crew Group (JCG.N), Nautilus (NLS.N) and Western Gas
Partners (WES.N), among others.

For details, see [RESF/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net