Why Are Dow Stocks Up Today?

04:44pm, Friday, 14'th Jul 2023
At the market's close, Dow Jones Industrial Average-indexed stocks inched into the green, headed for the fourth consecutive day of gains. Whilst the S&P 500 and Nasdaq Composite are down less than 0.5

Q2 Earnings Season: A Good Start So Far

04:24pm, Friday, 14'th Jul 2023
There was plenty to like from the banks, with the resilient economy helping keep credit demand positive and higher interest rates allowing them to charge more for those loans.
Mark Mason, CitiGroup CFO, and CNBC's Leslie Picker join 'The Exchange' to discuss Citi's quarterly earnings report.

Why These 2 Bank Stocks Missed Friday's Rally

02:15pm, Friday, 14'th Jul 2023
Companies have begun releasing their second-quarter financial results. Citigroup didn't see as much positive impact from financial conditions as its big-bank peers.
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.
Shares of Citigroup declined over 2% intraday on Friday after the bank's profit and sales dropped in what CEO Jane Fraser called “a disappointing quarter.”
Citigroup's (C) Q2 results are supported by Personal Banking and Wealth Management segment's robust revenues. However, a higher cost of credit acts as a spoilsport.
Earnings of $4.37 per share easily outpaced the $3.62 in the Zacks consensus and the $2.76 per share reported a year ago.

Wall Street Kicks Off Q2 2023 Earnings Season

11:54am, Friday, 14'th Jul 2023
Pre-market futures are up again this morning on the strength of earnings beats across the board for major Wall Street banks — it's the unofficial start to Q2 earnings season. In the interest of accu

Citigroup Leads Banking Earnings, What's Next?

11:41am, Friday, 14'th Jul 2023
Not too long ago, commercial and investment banks passed the annual FED 'stress test,' where banks are under the heat of liquidity and leverage scrutiny. The leading United States firms passed with fl
Citigroup (C) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $2.30 per share a year ago.
Although the revenue and EPS for Citigroup (C) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street es
Citigroup Inc  (NYSE:C), JPMorgan Chase & Co (NYSE: JPM), and Wells Fargo & Co (NYSE:WFC) reported better-than-expected second-quarter earnings and revenue this morning.
JPMorgan Chase's (JPM) second quarter results topped Wall Street estimates, thanks in part to its acquisition of First Republic Bank. Bigger picture, JPMorgan CEO Jamie Dimon called the U.S. economy "
Titans like JPMorgan are making billions of dollars more in interest income than they were before the Fed considerably hiked rates.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE