• Citigroup's First Quarter-Earnings Beat Expectations But Investment Banking

    5 days ago - By Wall Street

    Citigroup reported first-quarter per-share earnings that easily beat market expectations, but its investment banking, equity market and fixed income revenues fell.
    The New York-based bank posted earnings of $1.87 per diluted share, topping the $1.79 expected by Capital IQ on a GAAP basis and normalized of $1.80, and above the $1.68 in the prior-year quarter. Its adjusted net income was $4.71 billion, above the $4.62 billion reported last year.
    “Our earnings reflect the progress we are making to improve our return on and return of capital,” Michael Corbat, Citigroup's chief executive, said...
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  • Charles Schwab's First-Quarter Revenue, Earnings Beat Projections

    Charles Schwab's First-Quarter Revenue, Earnings Beat Projections

    5 days ago - By Wall Street

    Charles Schwab shares were stronger early Monday after the financial advisory firm said first-quarter results came in ahead of expectations as stock markets recovered from a correction in December even amid political and economic uncertainties.
    Net revenue rose 14% to $2.72 billion, topping the Capital IQ consensus $2.67 billion. Diluted earnings increased to $0.69 a share from $0.55, better than analysts' expectations for $0.65 a share on a normalized basis and $0.66 on a GAAP standard. The stock was up 1.5% shortly after the opening bell.
    “The equity markets gathered momentum during the...
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  • JPMorgan's Record Q1 Results Demonstrate Strength Of Its Business Model

    JPMorgan's Record Q1 Results Demonstrate Strength Of Its Business Model

    5 days ago - By Forbes

    JPMorgan Chase kicked off the earnings season for banks late last week with a much stronger-than-expected performance for the first quarter.
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  • What To Expect From Netflix's Q1 Earnings

    5 days ago - By Forbes

    Netflix is scheduled to announce its first quarter results on Tuesday, April 16. The company continues to see strong growth
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  • Goldman Sachs first-quarter revenue drops across most businesses, shares off

    5 days ago - By Reuters

    Goldman Sachs Group Inc reported lower quarterly revenue in nearly all of its main businesses on Monday, but still beat subdued Wall Street expectations through cost cuts, while offering more details on its sweeping operational revamp.
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  • Citigroup's 1Q profits rise 2%, beating forecasts

    5 days ago - By Chron

    NEW YORK - Banking conglomerate Citigroup said its first quarter profits rose by a relatively quiet 2% from a year earlier, as higher interest and investment banking revenues helped offset a decline in trading.
    Citi's results were similar to those of its Wall Street competitors, JPMorgan Chase and Goldman Sachs, who both reported similar declines in trading revenue in the quarter.
    Citi said Monday that it earned $4.71 billion, or a profit of $1.87 per share, compared with a profit of $4.62 billion, or $1.68 per share, in the same period a year ago. Analysts were looking for Citigroup to...
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  • Citigroup profit beats on investment banking boost

    5 days ago - By Reuters

    Citigroup Inc reported a better-than-expected quarterly profit on Monday, boosted by a surge in investment banking revenue and lower expenses.
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  • Citigroup earnings beat expectations amid buybacks, but revenues fall

    5 days ago - By CNBC

    Citigroup reports mixed first-quarter results, with its earnings topping expectations while its overall revenue missing.
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