At NOON EST, Citigroup Inc. (NYSE: C) is already over 1 Billion shares traded…. We have seen 1,047,519,334 for a 4.15% at $4.75 as of 12:07 PM EST.
The last 3 days volume is listed as follows:
Then there the four days in March from the 9th to the 12th:
Today is likely going to be at least the second or third most active day for Citigroup in 2010.
JON C. OGG
Citigroup Inc. (NYSE: C) is seeing a huge volume trade after earnings, although not such a huge price move. The troubled bank reported earnings of $4.4 billion in its first quarter as trading rebounded. This is being taken as further evidence that the big bank may have continued in its turnaround efforts. The firm indicated that trading revenue offset its loan losses in the portfolio. At 9:01 AM EST the stock is up 1.5% at $4.63. The amazing figure is the 95 million shares with 30 minutes remaining before the official market open even occurs.
JON OGG
Goldman Sachs Group Inc. (NYSE: GS) is looking to be rather dull in comparison to what we saw on Friday. Friday’s 12.8% drop to $160.90 is being followed up by a 1.2% drop to $158.70 on 655,000 shares as of 8:54 AM EST. This one traded over 100 million shares on Friday, something not seen on a single trading day since September 2008. The stock was removed from the Top Picks List at FBR in a research call this morning. The story dominated every major newspaper front page headlines over the weekend and continued to be the talk of Main Street. Friday after the closing bell, Goldman Sachs issued a detail of what its side of the story was. The only surprise is that the move up or down is not more than 1%. The move may come later today, but you know that the volatility here is going to be elevated for some time now.
JON OGG
