Citicorp faces big reserve rise as real estate woes loom
Investors await the CitiCorp loan loss reserve rise as bank examiners near the end of the annual review. Analysts warn reserves may need billions, with Citicorp balancing potential losses against cautious labeling of troubled loans and timing of write offs. Regulators may press for a larger reserve and dividend cut.
MENTIONED IN THIS ARTICLE
New York
Citicorp
Wall Street
Thomas Hanley
Salomon Brothers
Charles Peabody
Kidder, Peabody & Co
Peabody
Thomas Jones
Jones
William M. Weiant
First Boston Corp
Fed Cuts Anticipated Spark Christmas for Markets
The Federal Reserve moves toward lower rates, signaling a discount rate cut soon. Bond prices show gains with the 30-year T-bond up to 1066, while savers gain in CDs and money market funds. Precious metals slip as Silver falls to 738 and Gold mourns losses, with stocks steadier awaiting Gulf crisis resolution.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Rudolph the Red-nosed Reindeer
American Eagle
Cain
Old Blue
Ford and PMHYX: tax-smart income amid high yield doubts
Malcolm Berko analyzes Pro-Fund PMHYX and Ford stock for a 69 year old with $100k in PMHYX. PMHYX stresses total return under Elizabeth Forsythe with a 65 35 mix, while Ford yields over 10 percent and could rise from $28 toward $70 by 1993 95 per Value Line.
MENTIONED IN THIS ARTICLE
Prudential Bache
PMHYX
Elizabeth Forsythe
Forsythe
Value Line Investors Service
Ford
Also Mentioned on This Page
James McDermott
Keefe, Bruyette & Woods
McDermott
Yegen Equity Loan Corp
Danwood Office Park
Old Cove Rd
Fue
Liverpool
N.Y
Bank Acwual
Lipper Mutual Funds
Lipper
National Funds
Malcolm Berko
Creators Syndicate Inc
Mont Blanc
Pelikan
Caran D'Acha
Waterman
Carther
Erie Blvd
Crouse
Gustom
Vee
Syracuse Central NY
Onondaga Street
Chateau LaFayette Reneau
Hector
Sun
Raynor
Stinson
Syracuse
Quattro
Sidekick
Eastern Computer Warehouse
Erie Blvd. E
K-Mart
CMB
South
Salina St
McOeh
O Hayden Jewelers, Inc
Ohwega Rimi
Laverpool
Sinceveg
Span
Man
Fr VO Nardone
Asu Eelet
Are Hall Groat II Fine Arts Ltd
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