(NYSE:C.) edged lower in early deals on Thursday despite the United States investment bank reporting better-than-expected third quarter results. JPMorgan, the biggest United States bank by assets, reported $6.7 billion in profits for the quarter ending September 30, up seven percent from the year-ago period. Analysts had forecast earnings of $1.32 per share.
Citigroup's investment bank was the driver of the bank's profit growth in the quarter, despite a notable drop in bond trading revenue.
Like its Wall Street rival JP Morgan Chase & Co (NYSE:JPM) - which reported its results earlier today - Citi recorded a 16% year-on-year decline in fixed income trading revenue which totalled US$2.88bn.
Coffee shop launches buffalo-sauce lattes
It was only a matter of time until some foodie hipster chose to combine the joys of coffee with, erm, buffalo wing sauce ... If caffeine isn't enough to jump-start your morning, Tim Hortons has a spicy solution for you.
"We delivered a very strong quarter, showing the balance of our franchise by both product and geography and highlighting our multiple engines of client-led growth", Citi CEO Michael Corbat said in a news release.
As Business Insider reports, most of the investment banking unit's businesses "benefit from the company's trading floors in almost 80 markets and giant clients that require Citi's services on a daily basis".
Investment banking revenue was $4.6 billion in the quarter, up 16 percent from a year earlier. Both banks cited the gains from higher interest rates following Federal Reserve rate hikes, which permit financial companies to charge more for loans.
Samsung chief Kwon Oh-hyun steps down
Kwon joined the company in 1985 as a researcher of the company's Semiconductor Research Institute in the United States. Kwon was expected to take a bigger role after the arrest of scion and heir apparent of Samsung Group, Jay Y Lee.
Elsewhere at Citi, global consumer banking saw revenues grow 3% from a year ago to $8.4 billion but net income fell 6% to $1.17 billion as credit costs rose. The bank had to set aside more money to cover bad loans like in the bank's credit card division.
Four months ago, when looking at the latest S&P/Experian data, we first reported that credit card defaults had surged the most since June 2013, a troubling development which ran fully counter to the narrative that the economy was recovering and the United States consumer's balance sheet was improving.
The simple but haunting theme for Halloween has become famous in its own right and has appeared in every subsequent sequel. Carpenter also recently confirmed he would handling the music for the upcoming Halloween reboot/sequel, due out in 2018.
Google has started - just as OnePlus has - to unbundle many of its core apps and make them available through the Play Store . Otherwise, XDA has a separate bug free wallpaper app but you would need to be on Android Oreo to install it.
And its performance is great too-Aston quotes a 4.1-second 0-62 miles per hour time, and it'll hit 187 miles per hour flat out. The DB11 Volante has been engineered to deliver a much broader envelope of abilities.
Both of these pitchers would certainly have changed the WAR calculus had they been on their teams all season. As composed as Judge has been this season, there was some visible frustration in Game 5 against the Indians.
On the storage front, the Honor 6C Pro ships with 32GB of inbuilt storage , which can be expanded via microSD card (up to 128GB). The Honor 6C Pro gets the same 13-megapixel primary snapper on the rear panel as 6C and an 8-megapixel selfie shooter.
Sandberg and others from Facebook were asked to appear before congressional panels earlier this week to provide the information. She said the company had been too permissive at times in terms of how advertisers were allowed to target users.
The new Galaxy J2 (2017) edition come with 4G support, while the key highlight of the device is its Ultra Data Saving feature. Storage: Samsung Galaxy J2 (2017) comes with 8GB of internal storage, which is expandable up to 128GB via microSD card.
Iran end group stage in style
Unlike the Colombians, they will also be playing on the third surface inside four games, going away from a venue they took a liking to.
USS Tucson, supersonic bomber deployed to South Korea
Joining the drill from the USA military would be USS Ronald Reagan nuclear-powered aircraft carrier under the US 7th Fleet. Navy says in a release it's part of a "routine visit during a regularly scheduled deployment to the Western Pacific".
Flight 666 Makes Final Departure for HEL on Friday the 13th
From 29 October, the flight will be renamed AY954. 'In 11 years, we've flown 21 times the AY666 flight to HEL on Friday the 13th'. However, jesters and credulous folk can still get their kicks on another flight going from SIN to HEL - Singapore to Helsinki.
Vikings are slight underdogs at home vs. Packers
Green Bay quarterback Aaron Rodgers has taken a pounding through the first five weeks of the National Football League season. Aaron Rodgers is used to not having a run game to aid him, and that will likely be the case in this one.