The financial sector is often

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auntytiger
2022-07-16

The financial sector is often the first to take the lead in the roller coaster ride of an economy wave. Citi never sleeps [Victory] [Call]

Financials Up as Citigroup Surges 13% on Earnings

Shares of banks and other financial institutions rose as earnings from some major banks were not as

Financials Up as Citigroup Surges 13% on Earnings

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MayTan
·2022-07-16
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Citi never sleeps [Victory] [Call]","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9072980442","repostId":2251466743,"repostType":4,"repost":{"id":"2251466743","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1657927529,"share":"https://www.laohu8.com/m/news/2251466743?lang=&edition=full","pubTime":"2022-07-16 07:25","market":"us","language":"en","title":"Financials Up as Citigroup Surges 13% on Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2251466743","media":"Dow Jones","summary":"Shares of banks and other financial institutions rose as earnings from some major banks were not as ","content":"<html><head></head><body><p>Shares of banks and other financial institutions rose as earnings from some major banks were not as bad as feared.</p><p>Shares of Citigroup rose by more than 13%, cutting losses for the year to date by one third, after the global bank reported a jump in demand for financial services from companies trying to position themselves for rising interest rates.</p><p>Wells Fargo shares rose despite reporting a 48% drop in second-quarter profit, hurt by a slowdown in mortgage lending and a decline in the value of equity investments.</p><p>The world&#39;s largest money manager by assets, BlackRock, said its second-quarter profit fell 22% as a bruising stock-market downturn hurt portfolio values and spurred withdrawals. 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