Despite an upgrade, shares of MGM Resorts International (NYSE:MGM) are
trading slightly lower after the closing bell. Fitch Ratings increased the company’s junk-level rating by two notches and revised its outlook to stable. Las Vegas Sands Corp. (NYSE:LVS) is also trading slightly lower.
With the official launch of the iPhone 4S, Apple (NASDAQ:AAPL) shares hit an all-time high on Friday. However, shares are edging lower in extended trading, as investors look to take profit before Apple’s earnings release on Tuesday. Verizon (NYSE:VZ) and AT&T are also trading down after the closing bell.
Don’t Miss: Apple Preps for iPhone 4S Revolution.
Citigroup (NYSE:C) appointed veteran banker Michael O’Neill to succeed Jerry Grundhofer as chairman of Citibank NA. O’neill had been CEO at Barclays (NYSE:BCS), resigning on his first day due to health reasons. He was also the CFO at Bank of America (NYSE:BAC). Shares are up about .10% in late trading.
Investing Insights: Citigroup, Inc. Third Quarter Earnings Sneak Peek.