Citigroup Adds Notional Pooling in Amsterdam and 2 More Heavily Traded Stocks to Follow
Citigroup Inc. (NYSE:C): Current price $52.66
Citigroup is expanding its liquidity management network as it adds notional pooling in Amsterdam, giving its clients worldwide hubs for liquidity management across six money centers: London, New York, Amsterdam, Singapore, Hong Kong, and Tokyo. This addition advances Citi’s continued dominance in providing clients with correct, end-of-day cash aggregation and optimization spanning more locations than does any other provider.
Ford Motor Co. (NYSE:F): Current price $16.96
On Thursday, Ford Motor Credit Co. posted a pre-tax profit of $454 million in the second quarter versus $438 million year-over-year. The rise in pre-tax earnings is adequately explained by higher receivables and financing margin, outweighed in part by lower credit loss reserve reductions. Ford Credit’s net income came to $275 million in the quarter, compared with $296 million in the 2012 quarter.
Wells Fargo & Co. (NYSE:WFC): Current price $43.65
The real estate brokerage division of Warren Buffett’s Berkshire Hathaway Inc., HomeServices of America Inc., will take over Wells Fargo & Co.’s interest in a mortgage-lending firm that they jointly own. HomeServices Lending LLC will become a wholly owned subsidiary of HomeServices of America by the end next year, according to a company statement.
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