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Citigroup Q3 profit up 7.6% on asset sale benefit, cost cuts

The fourth-biggest US bank by assets said on Thursday that net income rose to $4.13 billion in the third quarter.....»»

Category: topSource: business-standardOct 12th, 2017

Citigroup profit rises on asset sale benefit, cost cuts

(Reuters) - Citigroup Inc reported a 7.6 percent increase in quarterly profit from a gain on an asset sale, lower costs and better-than-expected trading revenue......»»

Category: topSource: reutersOct 12th, 2017

BNP Paribas posts higher Q3 profits, helped by asset sale and cost cuts

BNP Paribas reported in Q3, good business development in an improved economic environment in Europe: Bank statement.....»»

Category: topSource: business-standardOct 31st, 2017

Tight leash on costs helps Citigroup trump Wall Street view

(Reuters) - Citigroup Inc's quarterly profit and revenue beat Wall Street expectations as the bank kept a tight lid on costs, booked a gain from an asset sale and saw strength in equity underwriting......»»

Category: topSource: reutersOct 12th, 2017

Citigroup profit rises on asset sale gain, lower costs

(Reuters) - Citigroup Inc reported a higher quarterly profit as it kept costs lower, recorded a large gain from an asset sale and had a smaller-than-expected decline in trading revenue......»»

Category: topSource: reutersOct 12th, 2017

Sears posts quarterly profit on Craftsman sale, cost cuts

(Re.....»»

Category: topSource: reutersMay 25th, 2017

Citigroup may benefit less from tax cuts than other U.S. banks

NEW YORK (Reuters) - Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington......»»

Category: topSource: reutersJan 10th, 2017

UniCredit Plans $13.8 Billion Stock Sale, Cuts to Boost Profit - Bloomberg

BloombergUniCredit Plans $13.8 Billion Stock Sale, Cuts to Boost ProfitBloombergUniCredit SpA plans to raise 13 billion euros ($13.8 billion) in a rights offer, betting that a balance-sheet cleanup and cost cuts will persuade investors that Italy's bi.....»»

Category: topSource: googlenewsDec 13th, 2016

ExxonMobil"s profit spikes thanks to rising oil prices and cost cuts (XOM)

AP Photo/Richard Drew Exxon's quarterly profit jumped more than four-fold, boos.....»»

Category: topSource: businessinsiderFeb 2nd, 2018

Exxon fourth-quarter profit spikes; sees $5.9 billion tax gain

HOUSTON (Reuters) - Exxon Mobil Corp, the world's largest publicly-traded oil producer, said on Friday its quarterly profit jumped more than four-fold on rising oil prices and cost cuts......»»

Category: topSource: reutersFeb 2nd, 2018

Shell Is Almost Back to the Profits of the Oil Boom

Oil giant Shell more than tripled its profit in 2017, demonstrating how deep cost cuts are making energy companies almost as profitable as they were during the boom years of $100 a barrel......»»

Category: smallbizSource: wsjFeb 1st, 2018

Tax cuts boost Union Pacific 4Q as railroad chugs along

Union Pacific reported $6.1 billion jump in fourth-quarter profit thanks to a sweeping change in U.S. tax laws, but the profit growth was a more modest $60 million when that one-time benefit is stripped away......»»

Category: topSource: foxnewsJan 25th, 2018

BlackRock hits record $6T in assets, helped by Trump tax law

BlackRock Inc charged past a record $6 trillion in assets, its profit beating Wall Street forecasts, as investors flooded into the relatively low-cost funds of the world's largest asset manager......»»

Category: topSource: foxnewsJan 12th, 2018

Core-Mark issues profit warning after cost cuts fail to meet targets

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchJan 5th, 2018

VW brand lifts midterm profit outlook on higher-margin cars, cost cuts

Volkswagen's core autos division has raised its midterm outlook for profitability on cost cuts and a planned rollout of higher-margin models, and expects deliveries to hit a new record this year......»»

Category: topSource: foxnewsNov 30th, 2017

VW brand lifts midterm profit outlook on higher-margin cars, cost cuts

WOLFSBURG, Germany (Reuters) - Volkswagen's core autos division has raised its midterm outlook for profitability on cost cuts and a planned rollout of higher-margin models, and expects deliveries to hit a new record this year......»»

Category: topSource: reutersNov 30th, 2017

Devon (DVN) Gains From Cost Savings and Oil Production

Devon Energy (DVN) is poised to benefit from solid oil production of domestic oil plays and ongoing asset divestitures. However, competitive nature of the industry continues to remain a headwind. .....»»

Category: personnelSource: nytNov 15th, 2017

Toyota profit rises on sales growth, cheap yen, cost cuts

Toyota Motor Corp. is seeing a 16 percent gain in fiscal second quarter profit as sales grew, and a cheaper yen offset higher marketing costs......»»

Category: topSource: foxnewsNov 7th, 2017

Apache (APA) Posts Q3 Earnings on Oil Rebound, Cost Cuts

Houston's Apache Corp. (APA) reported a profit in its latest quarter as it got paid more to produce oil and gas. U.S. energy firm Apache Corp. APA reported third-quarter earnings pe.....»»

Category: topSource: zacksNov 2nd, 2017

PetroChina (PTR) Q3 Earnings Jump on Oil Rebound, Cost Cuts

China's dominant oil and gas producer, PetroChina (PTR), said third-quarter net profit jumped 290%, fueled by higher oil prices and stringent cost cuts. Chinese oil and gas giant PetroChina Company Limited .....»»

Category: worldSource: nytNov 1st, 2017

Cost cuts help VW beat Q3 earnings forecast

Volkswagen lifted its profit target for the year on Friday after cost cuts at its core autos division helped it outstrip third-quarter earnings forecasts. The world's largest carmaker is spending b........»»

Category: smallbizSource: nytOct 27th, 2017