Tag: Wells Fargo

US banks announce third quarter earnings

US banks announce third quarter earnings

US banking giant Citigroup has today reported a rise in its third quarter profit. Citigroup, which is the third largest bank in the US by assets, said third quarter profit came in at $3.77 billion, or $1.23 a share, compared with $2.17 billion, or 72 cents a share, in the same quarter a year earlier. [...]

October 17, 2011 More
US homebuilder confidence flat in August

US homebuilder confidence flat in August

US homebuilder confidence remained unchanged in August, according to the National Association of Home Builders (NAHB)/Wells Fargo sentiment index. The index showed a reading of 15 in August, unchanged from July’s reading, suggesting the US housing market remains subdued. However, the reading was in line with forecasts. The index, which first commenced more than 25 [...]

August 15, 2011 | 0 Comments More
US homebuilder confidence up in March

US homebuilder confidence up in March

US homebuilder confidence grew in March, according to the National Association of Home Builders (NAHB)/Wells Fargo sentiment index. The index showed a reading of 17 in March from February’s 16 - in line with forecasts, according to the Washington-based group. The reading was the highest since May 2010 and suggests the housing market is stabilising [...]

March 15, 2011 | 0 Comments More
Obama tells US banks to increase lending to SMEs

Obama tells US banks to increase lending to SMEs

After the $700 billion (£430 billion) bailout of the banking industry, US President Barack Obama has now asked banks to do their part and increase lending to small and medium-size businesses. A meeting yesterday with executives from Goldman Sachs, JP Morgan Chase and Citigroup, among others, came a day after Mr Obama said he had [...]

December 15, 2009 | 0 Comments More
More good news for US banks as Citigroup reports profit of $1.6bn

More good news for US banks as Citigroup reports profit of $1.6bn

Citigroup has today boosted the stock market by announcing its first quarterly net profit in almost two years. The bank made a profit of $1.6 billion (£1.1 billion) for the first three months of 2009, compared to a loss of $5.1 billion in the last three months of last year, while revenues rose 99% to [...]

April 17, 2009 | 0 Comments More