Stocks rose Friday after the Bank of Japan unexpectedly expanded stimulus, sparking hopes for the global economy.» Read More
Bank of America Corp. rose$. 13 or. 8 percent, to $17.16. Citigroup Inc. rose$. 17 or. 3 percent, to $53.32. Goldman Sachs rose $2.11 or 1.1 percent, to $189.08.
Some of the names on the move ahead of the open.
We knew FX was coming but it doesn't change my outlook at all, says, Jeff Harte, Sandler O'Neil, discussing the impact of the $600 million legal charge on earnings.
Marty Mosby, Vining Sparks analyst, discusses whether there is likely to be any long-term impact on the big bank due to its legal woes. Also Mosby explains why he is optimistic about Citigroup going forward.
CNBC's Kayla Tausche, reports the big bank cut back $600 million in profits due to increased legal costs.
LONDON, Oct 31- WPP Plc, the advertising group run by high-profile executive Martin Sorrell, posted a slightly lower-than-expected 3 percent quarterly sales rise, reflecting growing concerns over geopolitical tensions and a slowdown in the global economy. WPP, which has more than 179,000 staff in 111 countries, said it expected a slowdown in the fourth quarter,...
Dan Nathan says Citigroup isn't worth buying despite a selloff following a third-quarter income downward revision.
Bank of America Corp. rose$. 04 or. 2 percent, to $17.03. Citigroup Inc. rose$. 51 or 1.0 percent, to $53.15. Goldman Sachs rose$. 89 or. 5 percent, to $186.97.
The "Fast Money" traders share their final trades of the day.
The company revised downward its third-quarter net income to $2.8 billion from $3.4 billion.
Oct 30- Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries." On a per-share basis, Citigroup adjusted its profit to 88 cents for the quarter. Bernstein Research analysts estimated before Thursday's announcement that Citigroup's remaining reserves were about...
Check out which companies are making headlines after the bell Thursday: Citigroup, GoPro, Starbucks & more.
NEW YORK— Citigroup has slashed its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month. Citi previously reported third-quarter net income of $3.44 billion, or $1.07 per share, on Oct. 14. Among them is a probe of Citi's foreign exchange business by government and...
Oct 30- Citigroup Inc revised its third-quarter results lower due to a $600 million increase in legal accruals. The bank adjusted its third-quarter net income to $2.84 billion from $3.44 billion, citing "rapidly evolving regulatory inquiries and investigations". The company, which had reported third-quarter results on Oct. 14, said its profit on a per share...
Citigroup has revised previously stated earnings. CNBC's Dominic Chu reports the company has cut its Q3 EPS to $0.88 from $1.07 prior.
Citigroup has cut its Q3 EPS to $0.88 from $1.07 prior. Insight into the revision, with CNBC's Kayla Tausche and Jeffrey Harte, Sandler O'Neill.
As holiday sales ramp up to Black Friday, Oct. 30 may prove to be an important day for bargain hunters.
Bank of America Corp. rose$. 03 or. 2 percent, to $17.02. Citigroup Inc. rose$. 34 or. 6 percent, to $52.98. Goldman Sachs rose$. 17 or. 1 percent, to $186.25.
RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...
Bank of America Corp. fell$. 13 or. 7 percent, to $16.87. Citigroup Inc. fell$. 22 or. 4 percent, to $52.42. Goldman Sachs fell$. 17 or. 1 percent, to $185.91.