News Highlights: Top Company News of the Day

Date : 10/15/2019 @ 1:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Citigroup Third-Quarter Profit Tops Expectations 

Citigroup said its third-quarter profit rose 6% and beat expectations.

Falling Rates, Charge Weigh on Wells Fargo 

Wells Fargo's quarterly profit was $4.61 billion, compared with $6.01 billion a year ago. Per share, earnings were 92 cents. Analysts polled by FactSet had expected $1.24 per share.

BlackRock Profit Slips 

Investors increased the flood of cash flowing into money-management giant BlackRock Inc. in the last quarter, but the firm saw profits fall 8% from the comparable quarter a year earlier to $1.12 billion.

Goldman Profit Drops 26% as Market Wobbles 

Goldman Sachs Group's third-quarter profit fell 26% from a year ago, hit by a slowdown in deal-making and losses on the bank's stakes in companies.

JPMorgan Reports Earnings Rise 8% 

JPMorgan Chase, the nation's largest bank by assets, reported higher revenue and profit in the third quarter, sending its shares higher in premarket trading.

Aldi, Lidl Cut Into U.S. Grocers' Turf 

German discount chains Aldi and Lidl are capturing a larger share of U.S. grocery bills and pressuring U.S. retailers to respond.

UnitedHealth Raises Profit Targets on Higher Sales 

UnitedHealth boosted its profit guidance for the year as revenue growth from its network of health services, premiums and health-care plan membership fueled the company's third-quarter performance.

Volkswagen Delays Final Approval for Turkey Plant Following Syria Incursion 

Automotive giant Volkswagen has delayed final approval for building a new car plant in Turkey, becoming the first major international company to reconsider an investment in the country following its incursion in northern Syria.

Amazon Joins Trend of Sending Workers Away for Health Care 

Employers are increasingly going the distance to control health spending, paying to send workers across the country to get medical care and bypassing local health-care providers.

California Governor Calls for Refunds From PG&E After Blackouts 

California state officials lambasted PG&E for its handling of last week's planned power shutdown, with a regulator ordering corrective action and Gov. Gavin Newsom calling for rebates to customers.


(END) Dow Jones Newswires

October 15, 2019 09:00 ET (13:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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