|Bid||26.50 x 1200|
|Ask||26.52 x 1800|
|Day's Range||26.47 - 26.63|
|52 Week Range||25.08 - 26.76|
|Beta (3Y Monthly)||-0.00|
|PE Ratio (TTM)||3.85|
|Forward Dividend & Yield||1.57 (5.97%)|
|1y Target Est||N/A|
JPMorgan reported adjusted net income of $9.18 billion. Earnings per share of $1.20 handily beat estimates of $1.09. While Citigroup certainly isn't in any trouble, there does seem to be some stagnation.
Trading of stocks, bonds, currencies and commodities is a volatile and tricky business, and Wall Street pros have to navigate markets by catering to client needs while also predicting the direction of prices. , the trading business is a major source of revenue that often represents the biggest and most unpredictable swing factor in each quarter's earnings.
Citigroup has continued its real estate acquisition drive by buying its office building in Belfast, which is also another indication of the US bank’s commitment to the UK despite the uncertainties of Brexit. The Northern Irish deal follows Citi’s £1bn purchase of its London Canary Wharf skyscraper earlier this year and the acquisition of its New York global headquarters in Tribeca for $2bn in 2016.
A year ago, the New York bank began requiring business customers to prohibit the sale of firearms to customers who are younger than 21 years of age.
Lower Q1 Revenue Drags Goldman Sachs Stock DownKey takeaways from Q1 Goldman Sachs (GS) posted mixed first-quarter results yesterday, with its revenue missing analysts’ estimate. It fell 13% YoY (year-over-year) due to lower revenue from equity
Investment management giant BlackRock on Monday reported first quarter earnings that blew away Wall Street’s expectations, bolstered by a jump in technology services.
Wells Fargo: Multiple Analysts Downgraded the Stock(Continued from Prior Part)YTD stock performance So far, Wells Fargo (WFC) shares have underperformed its peers and the broader markets in 2019. Wells Fargo stock has risen 1.5% on a YTD
Citigroup, one of the biggest middlemen facilitating currencies trading, is trying to engineer a radical shift in the $5.1tn-a-day market by asking trading platforms and rival dealers to share the costs of managing risky derivatives trades for its clients. For years, banks that provide so-called prime brokerage services waged a price war that saw the cost of these services plunge as dealers raced to expand their market share. Now, months after suffering a hit of as much as $180m from this business in Asia, the US bank is telling clients that it wants to be better compensated for the risks it assumes.
Citigroup posted better-than-expected results in the first quarter. reported first-quarter earnings and as Wall Street monitored developments in U.S.-China trade negotiations. Citigroup dipped slightly to $67.37 after posting better-than-expected results for the first quarter as a steep cut in the U.S. bank's effective corporate tax rate helped to offset a fall in stock-trading revenue.
Goldman Sachs and Citigroup both reported better-than-expected first-quarter earnings early Monday, while revenue missed.
has long been touting the opportunity offered in its Mexico operations, but the commentary coming through on Monday could indicate the need for caution. "Our Mexico Consumer franchise with nearly $6 billion of revenues continued to grow with a favorable market backdrop, including record low unemployment and strong consumer confidence," CEO Michael Corbat said in December 2018.
Lyft is going to integrate Citi Bike into its app for some riders in New York City. Beginning early next month, Lyft customers in NYC will be able to unlock CitiBikes through the Lyft app. Lyft says it picked New York as its fourth location after Washington, D.C., Los Angeles and Santa Monica, Calif. because Citi Bike is one of the most popular bikeshare systems.
Sure, I'll read the headline numbers, any guidance provided, and a few analyst takes on reports. Let's take a peek at Citigroup. Over the past 18 months (six reports) if the stock closed red the first day after reporting it was higher 13 days, five of six times.
Devin Ryan, JMP Securities, and Mike Mayo, Wells Fargo, weigh in on bank earnings and what to expect from them during the rest of earnings season.