On Wednesday, Shares of Citigroup Inc. (NYSE:C), gained 2.10% to $60.34, hitting its highest level.
Citigroup, released the disclosures required by the rules of the Federal Reserve Board in connection with Citi’s 2015 Mid-Cycle Stress Test.
Later, 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).
Shares of DIRECTV (NASDAQ:DTV), inclined 0.31% to $92.83, during its last trading session.
DIRECTV, is partnering with national nonprofit Operation Gratitude for our fifth annual Revolution Day of Service — a record-setting volunteer project to support U.S. service members and veterans. This Day of Service concludes our annual Revolution Dealer Conference.
Hundreds of DIRECTV employees, dealers and partners will assemble thousands of care packages for military new recruits, and stuff teddy bears for children of deployed service members. This volunteer project will set the record for Operation Gratitude’s largest offsite care package build in their 12-year history.
General James Mattis, former Commander of the U.S. Central Command and U.S. Joint Forces Command, will speak at the opening ceremonies. We will also hear from Operation Gratitude founder, Carolyn Blashek.
WHEN: Thursday, July 23.
DIRECTV, a digital television entertainment company, engages in the direct-to-home (DTH) business in the United States and Latin America. It acquires, promotes, sells, and distributes digital entertainment programming primarily through satellite to residential and commercial subscribers.
Finally, Government Properties Income Trust (NYSE:GOV), ended its last trade with -3.30% loss, and closed at $18.44.
Government Properties Income Trust, declared that it will issue a press release containing its second quarter 2015 financial results before the NYSE opens on Thursday, July 30, 2015. At 10:00 a.m. Eastern Time that morning, President David Blackman and Chief Financial Officer Mark Kleifges will host a conference call to talk about these results.
The conference call telephone number is (877) 328-1172. Participants calling from outside the United States and Canada should dial (412) 317-5418. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes preceding to the planned start of the call.
Government Properties Income Trust is an equity real estate investment trust launched and managed by Reit Administration & Research LLC. The trust invests in the real estate markets of United States. It engages in investment, operation and maintenance of real estate assets.
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