[ad_1] By David Henry and Anirban Sen (Reuters) -Citigroup Inc comfortably beat market estimates for second-quarter earnings on Wednesday as the economic recovery allowed the bank to free up loan loss reserves and offset a drop in income from falling prices. credit card transactions and loans. For the quarter ended June 30, net income jumped … Read more
[ad_1] DUBAI / LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise on OPEC + policy, an OPEC + source said on Wednesday, in a move that should unlock a deal to provide more crude to a tight and cool oil market soaring prices. Brent oil prices fell … Read more
[ad_1] Here are the most important news, trends and analysis investors need to start their trading day: 1. Futures are stable after higher inflation, before Powell’s testimony Federal Reserve Chairman Jerome Powell during a House Financial Services Committee hearing on December 2, 2020 in Washington. Swimming pool | Getty Images News | Getty Images 2. … Read more
[ad_1] HONG KONG — China is about to launch its long-planned national emissions trading program, a system that would create the world’s largest carbon market and double the share of global emissions covered by carbon emissions. such programs. The carbon market will help the country reduce its greenhouse gas emissions and meet its goal of … Read more
[ad_1] Delta Air Lines (DAL) on Wednesday announced a smaller-than-expected loss in the second quarter, with “accelerating demand” putting the airline back on track to profitability. Here are the main results of the Q2 report, compared to consensus estimates compiled by Bloomberg: Adjusted profit (loss) before tax: Estimate of $ 881 million vs. ($ 898 … Read more
[ad_1] Find out which companies are making the headlines before the bell: Bank of America (BAC) – Shares of Bank of America slipped 2.2% pre-market after reporting quarterly profit of $ 1.03 per share, including a one-time tax benefit. The consensus estimate was 77 cents. The bank’s income was lower than Wall Street expected, and … Read more
[ad_1] Citigroup released second quarter results which benefited from an increase of $ 1.1 billion resulting from the release of reserves set aside for loan losses. Here’s how the bank did it: Earnings: $ 2.85 per share, beating the estimate of $ 1.96 from analysts polled by Refinitiv. Revenue: $ 17.47 billion, exceeding estimate of … Read more
[ad_1] Advisors often give anxious clients two guidelines: “Follow the plan” and “Don’t check your portfolio every day”. It’s relatively easy to stick with the financial plan that investors pay their advisor to tailor for them. But for some investors, it’s hard to resist repeatedly checking their brokerage balance. Some people will even track their … Read more
[ad_1] (CNN) – Norwegian Cruise Line Holdings is suing the Florida Surgeon General over state law that prohibits companies from requiring customers and employees to provide documents about Covid-19 vaccination status. According to the complaint filed Tuesday, NCLH says the lawsuit is a “last resort” because Florida had said it would prevent the company from … Read more
[ad_1] Bank of America (BAC) reported mixed results in the second quarter with Citigroup (C) and Wells fargo (WFC) also due Wednesday. Bank stocks fell. X Results come after JPMorgan Chase (JPM) and Goldman Sachs (GS) beat second quarter guidance, but reported a sharp slowdown in trading revenue. Bank of America profits Estimates: Zacks Investment … Read more