CITIGROUP

Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed stocks on Friday, driving down major indexes more than 2 percent.

Bank of America and Citigroup shares fell as the banks' results highlighted the stagnant U.S. economy and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.

Stocks tumbled on Friday after consumer sentiment hit nearly a one-year low and GE and two major U.S. banks reported disappointing quarterly revenue.

U.S. stock indexes fell as much as 2.4 percent on Friday after consumer sentiment fell to an 11-month low and consumer prices fell, while GE and two big U.S. banking companies missed quarterly revenue expectations.

(Corrects year-earlier Bank of America profit to $3.2 billion in third paragraph from bottom)

U.S. stocks slumped on Friday after Bank of America, Citigroup and bellwether GE reported disappointing revenues and the consumer mood darkened on resurgent fears about the economy.

(Corrects year-earlier Bank of America profit to $3.2 billion in third paragraph from bottom)

Stock index futures pointed to a lower open on Friday after Citigroup and Bank of America as well as bellwether GE posted disappointing revenues, underscoring corporate America's struggles against economic headwinds.

Stock index futures were little changed on Friday after General Electric Co's and Bank of America's profits topped expectations but revenues declined, underscoring corporate America's struggles against headwinds in the economic recovery.

Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed.

Citigroup Inc said in a letter to the U.S. securities regulator it had unintentionally classified as much as $9.2 billion of repurchase agreements as sales at one point, when they should have been shown as borrowings.

JPMorgan Chase & Co posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans in the second quarter, but executives warned they were uncertain about the economic outlook for the rest of the year.

JPMorgan Chase & Co posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans, but its shares dropped as investors fretted about management's sober assessment of the economy.

JPMorgan Chase & Co posted higher second-quarter earnings on Thursday, beating analysts' expectations, after setting aside less money for loan losses.

JPMorgan Chase & Co, an underperformer so far this year, is one of several big banks whose shares could be poised for a revival now that U.S. financial regulatory reform is all but completed.

A Manhattan federal judge on Monday rejected Citigroup Inc's bid to dismiss a class-action lawsuit by bondholders who said the bank misled them about its exposure to toxic mortgages.

World stocks eased on Monday while the euro fell broadly as investors grew cautious ahead of a slew of key U.S. corporate earnings and details of tests on European banks' financial health. While second-quarter earnings are expected to come in strong, investors remained concerned about Europe's fiscal issues and the health of its financial sector ahead of the stress tests on the continent's banks.

Stock index futures pointed to a lower open on Monday as investors remained concerned about Europe's fiscal issues and financial sector, though some merger and acquisition news helped limit losses.

The Manhattan apartment rental market strengthened in the second quarter as landlords drew confidence from a more robust sale market, but it is still softer than it had been in the past decade.

U.S. stock index futures were little changed on Thursday after posting their biggest one-day gains in about six weeks and as investors readied for data on jobless claims and retail sales for clues about the direction of the economy.

J.P. Morgan Chase & Co is suing a former financial adviser who defected to Morgan Stanley Smith Barney and has already transferred $30 million of client assets to his new company, according to documents filed in the New York Supreme Court on Wednesday.