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U.S. Week Ahead: Citi banking on Smith Barney sale

Friday, April 13, 2012 - 02:36

April 13 - Investors will want to know if Citigroup can sell its stake in Smith Barney and raise its capital levels when its reports on Monday, according to Breakingsviews Columnist Antony Currie.

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JPMorgan topped expectations when there's results or the other big banks follow suit. Monday Citigroup reports -- out on Tuesday and Bank of America and Morgan Stanley are released Thursday. Focus will be on city which obviously failed Fed's stress tests. What does breaking news comes and bakeries as investors -- want to know if the bank can sell its stake in Smith Barney testing to free up. Can't Begin to hold -- whole thing we get some capital that us. Which helps him -- Secondly you also what's fed if they can get could be surprise -- the Sandinistas exams 1011 billion dollars. That's even more capital they can use maybe to speed them -- and childless dividend check back. Also on the radar -- -- results. Expect earnings from the likes of Intel Yahoo! and IBM on Tuesday -- on Wednesday and Microsoft on Thursday all after the close. Thomson Reuters analyst their own artists as Intel is a stock to -- Analysts polled by our -- becoming more bullish on Intel over the past few days. A five star rated analyst has given the company a -- and earnings per share estimate of 55 cents. This is by -- higher than the consensus estimate and the company also is expected to see earnings growth over the next four quarters. As they will introduce and you processing system which can support when does eight. We'll get first quarter updates from the major industrials. Up note Halliburton and Textron on Wednesday GE and Honeywell on Thursday. Analysts are concerned that after two years of solid growth manufacturers may be losing momentum in the first quarter. Indian housing sector is once again under the microscope but -- the release of the any HB housing market index. Followed by housing starts and building permits on Tuesday existing home sales are out Thursday. IRS SL should be flat in March around four point six million units. Still that would be the best average reasons the second half of twenty and and there's more data crisis during the week retail sales around on Monday. -- -- -- industrial output on Tuesday and initial jobless claims in the Philly Fed index on Thursday. And against the backdrop of the European debt crisis finance chiefs meet in DC for the IMF and world banks bring me. But there are already signs they won't be able to reach a -- deal to add to the firewall against Euro zone woes. Also we could see it challenged by the breaks over who runs -- World Bank by backing Nigeria's finance minister for the post. I'm Fred Katayama and this is --

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U.S. Week Ahead: Citi banking on Smith Barney sale

Friday, April 13, 2012 - 02:36