Pedestrians pass by a Citibank branch in Washington, DC Andrew Harrer | Bloomberg | fake pictures Citigroup reported second-quarter results on Tuesday that beat analysts’ expectations thanks in part to a massive surge in business revenue that helped offset a slowdown in the company’s consumer banking business. This is how …
Read More »Stock futures rise ahead of bank earnings
US stock futures moved higher in early trading and signaled gains at Tuesday’s open as investors watch earnings reports from some of the country’s largest banks. Dow futures rose 90 points. S&P 500 and Nasdaq 100 futures were up 0.3% and 0.4%, respectively. On Monday, the Dow Jones Industrial Average …
Read More »Micron, Conagra, Apple, Xilinx brands and more
Take a look at some of the most important engines on the previous market: Conagra Brands (CAG): The food producer reported quarterly earnings of 75 cents a share, 9 cents a share above estimates. Revenue also exceeded consensus, and Conagra gave a forecast range of earnings for the current quarter …
Read More »Goldman and other banks keep dividend stable, Wells Fargo to cut after stress test
(LR) Michael Corbat, CEO, Citigroup Inc., Jamie Dimon, CEO, JPMorgan Chase & Co., James Gorman, CEO, Morgan Stanley, Brian Moynihan, CEO, Bank of America Corp., Ron O’Hanley , President and CEO of State Street Corp., Charles Scharf, CEO of Bank of New York Mellon Corp., and David Solomon, CEO of …
Read More »Goldman sees more volatility, says buying these stocks with best potential risk-adjusted returns
People walk through the New York Stock Exchange (NYSE) building during the Covid-19 pandemic in New York on May 26, 2020. Tayfun Coskun | Anadolu Agency | fake pictures (This story is for CNBC Pro Subscribers only.) The coronavirus pandemic, which appears to be experiencing a resurgence, is causing more …
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