Sign in Subscribe
Banking industry

Zacks Equity Research Highlights Key Developments in Finance and Automobile Industries

Strategic Insights

— 1 min read

Zacks Equity Research discussed recent events impacting the financial and automobile sectors, focusing on Citigroup's TARP fund repayment, Ford Motor Co.'s bid for Volvo, and Tata Motors' acquisition of Jaguar and Land Rover brands. The analysis provided by Zacks Equity Research aims to help investors understand market trends and make informed investment decisions.

Key Takeaways:

  • Citigroup Inc. (NYSE: C) seeks approval from the U.S. Treasury Department and regulators to repay $20 billion in TARP funds, which will free the bank from government involvement and pay restrictions.
  • Ford Motor Co. (NYSE: F) has received a third bid for its Volvo unit from a Swedish consortium, Konsortium Jakob AB, in addition to previous bids from Crown consortium and Zhejiang Geely Holding Group.
  • Tata Motors (NYSE: TTM) acquired Jaguar and Land Rover brands from Ford for $2.3 billion in the first half of 2008, more than half the price Ford paid for the brands in 2000.
  • Zacks Equity Research provides continuous coverage of 1,150 publicly traded stocks, with recommendations and target prices based on six-month time horizons.
  • The "Profit from the Pros" e-mail newsletter, offered by Zacks Equity Research, provides highlights of the latest analysis and stock recommendations.

Statistics:

  • Citigroup received $45 billion in TARP funds and later converted $25 billion into common stock.
  • Ford acquired Volvo Car Corporation from Sweden-based Volvo Group for $6.45 billion in 1999.
  • Tata Motors acquired Jaguar and Land Rover brands for $2.3 billion in the first half of 2008.
  • Zacks Equity Research has a proprietary stock picking system, the Zacks Rank, which outperforms the market by nearly a 3 to 1 margin.
  • The earnings of the S&P 500 were up 92% year-over-year, with the market capitalization of the S&P 500 at $6.5 trillion as of December 2008.

Sources:

  • Zacks.com, citing "Zacks Equity Research: Citigroup Seeks to Repay TARP Fund"
  • Zacks.com, citing "Zacks Equity Research: Ford Gets Swedish Suitor for Volvo"
  • Zacks.com, citing "About Zacks Equity Research"
  • Zacks.com, citing "About Zacks"
  • A Zacks.com press release, citing past performance data.

Read more