Report title: Citigroup: Punts Broker Out of Barn-yard, Next?
from CreditSights
4214 word report published Jan 14, 2009

Price $150.00 available for immediate download
Report Overview
 
Search Inside
 
About CreditSights

Abstract: Citigroup and Morgan Stanley create a joint venture for their brokerage units. Although structured as a JV, looks like an eventual sale to Morgan Stanley. We review strategic implications for Citi and possible additional divestitures.

Brief Excerpt: Citigroup: Punts Broker Out of Barn-yard, Next? Citigroup creates a brokerage joint venture with Morgan Stanley, will contribute Smith Barney unit for 49% stake in new JV company á Move signals proactiveness inspired byádeteriorating...

Report Type: Company Article
Source: CreditSights Inc
Free Sample: Click Here to Download
Format:
HTML HTML


Enter the keyword(s) which you would like to search for within this document and click "Search"  

Also from CreditSights
  • Morgan Stanley 3Q09 Core Miss: Playing Catch-Up?  $150.00
    Morgan Stanley beats consensus by almost a dime. However, we estimate that on a core basis, the company would have missed the Street's expectations. Even as results improved sequentially, sales and trading still lags its peers. 
  • Citigroup 3Q09 Beats: Work In Progress  $150.00
    Citigroup reported a loss on completion of its preferred exchange offer. Transformation remains in mid-stream but company seems to be making progress. 
  • US Credits We Now Like  $150.00
    We continue with our Credits We Like series, detailing a range of US names on which we have lifted our recommended weighting in response to developments 2009. 
  • Morgan Stanley: 1-on-1 with CFO & Treasurer  $150.00
    We met one-on-one with Morgan Stanley. The takeaway message was that Morgan Stanley believes it is largely configured well to meet the challenges in the post-systemic capital markets world. Regulatory tail risk is a concern. 
  • Citigroup: Returning to its Roots  $150.00
    Citigroup focused on returning to profitability, repaying TARP, & attracting talent. Non-core businesses being managed for profitability though many still battling provisions. Core business is strong in EM and transactions. Cards need boost 
  • U.S. Banks: Big Banks In Diaspora, Homeward Bound?  $150.00
    Big banks/brokers Bank of America and Morgan Stanley still wandering in the profitability desert as they restructure and recapitalize their way to balance sheet health and positive strategic performance. More confident for 2010. 
  • Morgan Stanley: New CEO = New Direction?  $150.00
    Morgan Stanley named Co-President/Head of Global Wealth Mgmt, James P. Gorman, as incoming CEO. John Mack to remain with firm as Chairman. The appointment of the new CEO may show a shift away from riskier proprietary trading 
  • Morgan Stanley 2Q09 Tearsheet  $150.00
     

Price: $150.00



  Can't Decide?

Purchasing premium research sight unseen can be intimidating. At Alacra we want you to know what you are getting. Visit our FAQ or ask our Customer Service Team any questions about the report you are considering purchasing.