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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)

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To: drsvelte who wrote (15)9/1/1998 5:26:00 PM
From: Xpiderman  Read Replies (1) of 268
 
$200mil less NOT $200 mil below zero!!!

Citicorp (CCI) 106 7/8 -1 7/16: major banking concern expects Q3 after-tax net to be reduced by $200 mln due to losses associated with Russia; believes that merger with Travelers Group (TRV 43 3/8 -1) still very much on track; according to First Call, CCI was projected to earn $2.36 a share, vs year-ago Q3 net of $2.19 a share;
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