On Monday, Shares of Citigroup Inc. (NYSE:C), gained 0.17% to $58.85, hitting its highest level.
Citigroup, stated net income for the second quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.5 billion. This contrast to net income of $181 million, or $0.03 per diluted share, on revenues of $19.4 billion for the second quarter 2014.
CVA/DVA was $312 million ($196 million after-tax) in the second quarter 2015, contrast to negative $33 million (negative $20 million after-tax) in the preceding year period. Second quarter 2014 results also comprised of the impact of a $3.8 billion charge ($3.7 billion after-tax) to settle legacy RMBS and CDO-related claims.5 Not taking into account CVA/DVA, revenues were $19.2 billion, down 2% from the preceding year period. Not taking into account CVA/DVA and the impact of the mortgage settlement in the preceding year period, earnings were $1.45 per diluted share, up 17% from preceding year earnings of $1.24 per diluted share.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Shares of MGIC Investment Corp. (NYSE:MTG), declined -1.61% to $11.03, during its last trading session.
MGIC Investment Corporation, stated operating and financial results for the quarter ended June 30, 2015.
Net income for the quarter ended June 30, 2015 was $113.7 million, contrast with a net income of $45.5 million for the same quarter a year ago. Diluted net income per share was $0.28 for the quarter ending June 30, 2015, contrast to diluted net income per share of $0.12 for the same quarter a year ago.
Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation (“MGIC”), said, “I am happy to report that in the second quarter of 2015 the company continued to grow our insurance in force by adding another $11.8 billion of high quality new insurance.” Sinks added, “At the same time, I am encouraged by the positive trends we continue to experience on pre-2009 business relative to new delinquent notices, paid claims, and the declining delinquent inventory. The combination of profitable new business, the continued runoff of the older books, and a strengthened housing market, positions us well to provide credit enhancement solutions to our customers now and in the future.”
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.
Finally, SanDisk Corp. (NASDAQ:SNDK), ended its last trade with 0.16% gain, and closed at $55.48.
SanDisk Corporation, expanded its mobile storage portfolio with a new wireless mobile flash drive, the SanDisk Connect™ Wireless Stick. This new drive enables easy sharing, transferring and accessing of photos and videos between mobile devices and computers. Building on its award-winning SanDisk Connect Wireless family, the SanDisk Connect Wireless Stick features a higher capacity, up to 128GB*, a new app and cool, compact design – all at a great price.
The SanDisk Connect Wireless Stick now gives consumers even more freedom to save and access photos, videos and other files from their favorite Wi-Fi-enabled devices1. As consumers continue to embrace premium mobile features such as high-quality photo capture and Full HD video, SanDisk’s new wireless storage device is designed to meet their quickly growing storage needs, at an affordable price. The availability of up to 128GB of capacity allows users to effectively double their mobile storage for greater flexibility on the go.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
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