United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Earnings rise at Citigroup

Video Credit: Reuters Studio - Duration: 00:51s - Published < > Embed
Earnings rise at Citigroup

Earnings rise at Citigroup

Citigroup's quarterly profit and revenue rose and beat expectations Monday as the bank kicked off earnings season for the second quarter.

Fred Katayama reports.

0
shares
ShareTweetSavePostSend
 

Earnings rise at Citigroup

Citigroup kicked off earnings season Monday with quarterly profit and revenue that rose and beat Wall Street's expectations.

Strength in consumer banking offset weakness in its trading business.

Consumers continued to borrow money, boosting Citi's loans and deposits.

Trading revenue, however, shrank in both fixed-income and equities.

Bank executives had been warning that slower activity among clients and Brexit-related uncertainties would hit trading revenue.

Citigroup shares fell slightly and pulled down other bank shares.

Citi's net interest margins got squeezed, and that had investors worried that this would lead to lower earnings and profitability for big U.S. banks.

Net interest margin is the difference between what banks pay on their deposits and what they make on their loans.

Investors will get results from JPMorgan Chase and Wells Fargo on Tuesday and Bank of America on Wednesday.




You Might Like


Recent related videos from verified sources

U.S.-China Trade Talks: Buy Financials, Not Tech, Strategist Says [Video]U.S.-China Trade Talks: Buy Financials, Not Tech, Strategist Says

If all goes well on the trade front when the U.S. and China meet this week, the major indices may rise, but the gains may ultimately be most concentrated in financials and cyclicals, rather than in..

Credit: The Street     Duration: 05:25Published

Bank Of America Behind The Label [Video]Bank Of America Behind The Label

All (investor) eyes have been on bank stocks this week, as most reported earnings with better-than-expected second-quarter results this week. According to Jim Cramer, our fearless leader at TheStreet,..

Credit: The Street     Duration: 01:07Published

Jim Cramer: What Investors Should Do With the Financial Sector Post-Earnings [Video]Jim Cramer: What Investors Should Do With the Financial Sector Post-Earnings

Curious about getting into the financial sector? We got earnings from the majority of the big banks earlier this week. That includes Bank of America , Wells Fargo , Goldman Sachs , JPMorgan Chase ..

Credit: The Street     Duration: 00:40Published

Jim Cramer Breaks Down Big Tech's Excursion to Capitol Hill, and CSX Earnings [Video]Jim Cramer Breaks Down Big Tech's Excursion to Capitol Hill, and CSX Earnings

We're halfway through the week, y'all. Jim Cramer weighs in on why he's keeping a close eye on Big Tech as Facebook , Amazon and Alphabet head to Capitol Hill, CSX's CSX earnings and his thoughts..

Credit: The Street     Duration: 07:27Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.