Year: 2020

North American branded cards, which account for a majority of consumer banking revenue, continued to be a bright spot for the bank, clocking double-digit revenue growth for the second straight quarter. Citi has been leveraging its robust card business to help grow deposits by pitching checking and savings accounts to card holders. The gains were driven by a 49% surge in fixed-income trading that offset a 23% decline in equities trading, where weak performance in derivatives weighed on results. …read more […]

Analysts had expected a profit of $1.12 per share, according to Refinitiv data, but it was not immediately clear if the numbers were comparable. The San Francisco-based lender last year appointed Charles Scharf, a one-time Jamie Dimon protégé as its new chief executive officer, to help it rebuild its reputation with customers, investors and regulators. …read more […]

Headlines moving the stock market in real time. …read more […]

(Bloomberg) — SmileDirectClub Inc. will start selling its teeth-straightening products to dentists and orthodontists, putting it in direct competition with one-time partner Align Technology Inc.’s Invisalign.A supply pact with Align that limited SmileDirectClub to selling its products only online and in retail shops expired at the end of 2019, the Nashville, Tennessee-based company said in a statement announcing the move Tuesday.“With our agreement with Align Technology now expired, we are no longer obligated to stay in the direct-to-consumer channel,” SmileDirectClub co-founder Alex Fenkell said in the statement. “We’re excited to expand our offering.”Shares of the company gained as much as …read more […]

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll show how you can use… …read more […]

Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted by customers gained from rival airlines’ 737 MAX cancellations and what Chief Executive Ed Bastian said was a growing preference for the Delta brand. Delta shares were up about 4% in premarket trading. Airlines that own Boeing Co’s 737 MAX are cancelling more than 10,000 monthly flights in total as the aircraft remains grounded following two deadly crashes. …read more […]

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