Citigroup Q3 Earnings: Profit Falls 9%, Investment Banking Revenue Soars, Mastercard and Apollo PartnershipsCitigroup Inc (NYSE:C) reported a third-quarter fiscal 2024 revenue growth of 1% year-over-year to $20.32 billion, beating the analyst consensus estimate of $19.84 billion. Excluding divestiture-related impacts, revenues were up 3%.GAAP EPS of $1.51 beat the analyst consensus estimate of $1.31.The stock climbed after the quarterly print in the premarket session but gave up gains.Also Read: Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%Net credit losses were $2.17 billion, up 33% Y/Y. Services revenue grew 8% year over year to…
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Image source: Getty Images The Rolls-Royce (LSE: RR) share price crashed more than 80% when international travel ground to a halt during the pandemic. The FTSE 100 engine maker had to take on enormous debt just to survive. However, savvy investors who bought in four years ago have made more than 10 times their money by now! Unfortunately, I only got on board when the stock was already on the way up at 149p. But Rolls-Royce shows the sort of dramatic gains that can be secured when a struggling firm wins back the confidence of investors. Today, at 547p, Rolls-Royce…
Mizuho Securities has sustained its positive outlook on Establishment Labs Holdings Inc . (NASDAQ: NASDAQ:), maintaining an Outperform rating with a steadfast $70.00 price target for the company’s stock. The affirmation follows recent investor meetings led by Establishment Labs’ CEO Juan Jose Chacon-Quirós and CFO Raj Denhoy, which centered on the company’s strategy for entering the U.S. market after receiving FDA clearance for its Motiva implants in late September. The company’s Motiva implants have garnered early support from plastic surgeons in the U.S., attributed to the unique SmoothSilk surface material that distinguishes it from competitors. This innovation is believed to…
Your access to life-saving medications shouldn’t depend on your zip code. Yet, for millions of Americans, especially in rural areas or lower-income communities, that is the reality. Despite pharmaceutical spending in the US reaching over $700 billion each year, wide disparities in access to medications persist. The resulting inequities are particularly acute for rural communities and lower-income families, as well as for certain stigmatized populations such as those living with HIV or Hepatitis C (HCV). Further, the clinics intended to serve these very groups, such as Federally Qualified Health Centers (FQHCs), Ryan White Clinics, and Sexually Transmitted Disease Clinics, often…
Image source: Getty Images Everyone loves a bargain and this Fool is no different. Today, I’m looking at one FTSE 100 value stock that I’m strongly considering adding to my own portfolio as soon as I can. FTSE 100 loser Shares in retailer JD Sports Fashion (LSE: JD) have been in grim form in 2024, falling 18% in value. Contrast this with the 7% gain achieved by the index and it’s the sort of performance to turn off any would-be stock picker. But even this pales in comparison to the 45%-or-so loss those who bought a stake in this company…
Waiting for the price of gold to drop could be a mistake for prospective gold investors. Getty Images Gold prices have soared in 2024, reaching record highs multiple times across the year. Gold is currently at an all-time high of over $2,600 per ounce. A year ago? The average price was just $1,800.The reasons for the run-up are many: Inflation, geopolitical tensions, and a general flock toward safer investments chief among them. But one thing’s for certain: Those who have bought in have gained big.The question now is will that trend continue? Is it safe to buy today and still…
Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%Bank of America Corp (NYSE:BAC) reported a third-quarter fiscal 2024 net income of $6.9 billion and EPS of $0.81, beating the analyst consensus estimate of $0.77. Net income fell 12% year-on-year due to higher provisions for loan losses and rising expenses.Revenue, net of interest expense, increased 1.0% year over year to $25.49 billion, beating the analyst consensus estimate of $25.29 billion.Also Read: JPMorgan Chase Q3 Earnings: Investment Banking Revenue Soars 29%, Largest Bank Raises Net Interest Income Outlook.The gains in trading revenue, asset management, and investment banking…
Christine Ring, the Chief Legal Officer at Nurix Therapeutics, Inc. (NASDAQ:NRIX), recently executed a stock transaction involving the company’s common shares. On October 14, she sold 3,290 shares at a price of $25 per share, totaling $82,250. This sale was part of a pre-established Rule 10b5-1 trading plan. In addition to the sale, Ring exercised stock options to acquire 3,290 shares at a price of $9.57 per share, amounting to $31,485. Following these transactions, she holds 24,592 shares of Nurix’s common stock directly. The exercised options were part of an employee stock option plan, with the options fully vesting earlier…
My top 10 things to watch Tuesday, Oct. 15 1. Wall Street was muted Tuesday after more record closes for the S & P 500 and the Dow . The Nasdaq on Monday closed within 1% of its July record. Bank earnings continued to flood the market. Oil, both U.S. and international prices, were sinking as supply concerns overshadowed risk from escalating Iran-Irael tensions. 2. Dow stock Goldman Sachs rose roughly 3% after the banking giant crushed estimates for quarterly earnings and revenue. Investment banking boosted results like it did for JPMorgan and Club name Wells Fargo on Friday. Wealth…
By Anthony Boadle BRASILIA (Reuters) – The government of the Brazilian state of Para in the Amazon will consult Indigenous communities on how they will benefit from the future sale of carbon offset credits that U.S. companies have agreed to buy to try to protect the rainforest. In a statement received by Reuters on Monday, the Para government’s environmental secretariat Semas said it “will begin a new phase of dialogue” with Indigenous peoples and other traditional communities in the rainforest. Scientists say preserving the Amazon rainforest is vital to combating global warming. Amazon.com Inc (NASDAQ:) and a group of companies…