• 'We just didn't do as good a job': Citi's stock-trading business is slowing down after a stellar start to 2018

    7 days ago - By Business Insider

    Citigroup reported strong third-quarter earnings Friday, beating analyst expectations and growing profit by 12% .
    Trading revenues were robust in aggregate, but equities momentum slowed, growing just 1% compared to the same period in 2017.
    Cash equities was fingered as the culprit, with losses overshadowing gains in the prime and derivatives businesses.
    "We just didn't do as good a job navigating the choppy trading environment in cash equities," CFO John Gerspach said.
    The stock-trading business, which had experienced growth in recent periods, was reorganized in March .
    After a hot start...
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  • First Round Of Banks Down, Bank Of America Up Next In Earnings Docket

    First Round Of Banks Down, Bank Of America Up Next In Earnings Docket

    7 days ago - By Forbes

    Bank of America reports earnings before market open on Monday, October 15. Here's a look at what might be expected from the big bank's quarterly report.
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  • Most of the big banks are rallying after JPMorgan, Citigroup, and Wells Fargo kicked off earnings season

    Most of the big banks are rallying after JPMorgan, Citigroup, and Wells Fargo kicked off earnings season

    7 days ago - By Business Insider

    Most bank stocks were rallying Friday after JPMorgan , Citigroup , and Wells Fargo kicked off earnings season.
    JPMorgan was the only major bank trading lower.
    Watch JPMorgan , Citigroup , Wells Fargo , Bank of America Merrill Lynch , Morgan Stanley and Goldman Sachs trade here in real time.
    Bank stocks were rallying Friday after JPMorgan, Citigroup, and Wells Fargo kicked off earnings season with mixed results.
    JPMorgan said it earned an adjusted $2.34 per share in the third quarter. Analysts polled by Bloomberg had expected earnings of $2.26 per share. Revenue rose to $27.8 billion, up 5%...
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