Citigroup Profit Rises 13 Percent
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The $1.02 per share reported was in line with estimates, as growth in consumer businesses offset declining stock and bond market revenue.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) , the world&#39;s biggest retailer, reported a 13 percent rise in quarterly profit on Tuesday, in line with expectations, and raised its outlook for the full year.
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Health insurer Cigna Corp. on Wednesday posted a higher quarterly profit as it saw growth in its health care segment and recognized a gain on the sale of its retirement benefits business.
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TOKYO -- Citigroup Inc., the largest bank in the United States, said Tuesday it raised its takeover offer for scandal-tainted Nikko Cordial Corp. by 26 percent in a deal worth up to $13.35 billion after the Japanese brokerage's largest shareholders rejected the initial price as too low.
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Finance firm CIT Group Inc. on Thursday said more new business and improving credit quality drove a 24 percent climb in third-quarter profit that beat Wall Street targets by a penny.
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U.S. investment bank Lehman Brothers  Holdings Inc.  on Thursday said its fiscal  fourth-quarter profit rose 22 percent on increased income from  mergers, offerings and trading.
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British American Tobacco, the world&#39;s second biggest cigarette maker, has beaten forecasts with a 13.5 percent rise in third-quarter profits after upbeat trading from Italy
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Lehman Brothers Holdings Inc., the fifth-biggest US securities firm, said quarterly profit rose 22 percent, exceeding analysts&#39; estimates, and earnings in 2005 may be higher than this year&#39;s record.
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U.S. investment bank Lehman Brothers  Holdings Inc. LEH.N on Wednesday said fourth-quarter profit  rose 22 percent on continued strength from fixed-income  businesses and record investment banking revenue, signaling an  outstanding quarter for the rest of Wall Street.
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Citigroup Inc.'s C.N fourth-quarter  profit rose 12 percent to a record as its consumer and  investment banking businesses grew, but it said 2005 profit  will likely be near the low end of Wall Street estimates.
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Stocks rose on Friday, helped by government data showing stronger-than-expected job growth last month and a rally in the shares of Citigroup Inc. , the biggest U.S. bank.
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U.S. investment bank Lehman Brothers  Holdings Inc. LEH.N on Wednesday said fourth-quarter profit  rose 22 percent on continued strength from fixed-income  businesses and record investment banking revenue.
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Shares of Ciena Corp. CIEN.O rose 13  percent before the bell on Thursday after the  telecommunications equipment maker posted a wider quarterly net  loss but forecast further revenue growth in the current  quarter.
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Austrian insurer Uniqa  posted  a 53-percent rise in its second-quarter pretax profit on  Thursday, lifted by soaring earnings in its domestic market and  particularly in its life insurance business.
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Citigroup Inc. , the world&#039;s  largest bank by market value, on Monday said second-quarter  profit rose, helped by growth in corporate and investment  banking.
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Citigroup Inc. , the largest U.S. bank, said on Friday that strong international and investment banking growth fueled a higher-than-expected 18 percent increase in quarterly profit.
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Citigroup Inc , which last week posted a record $9.83 billion quarterly loss, on Tuesday said it has strengthened its balance sheet and replenished depleted capital levels by raising about $30 billion in the last two months.