The insurance company now sees full-year adjusted earnings per share between $26 and $26.50, down from its previous forecast of $29.50 to $30, and below an analyst estimate of $29.74, as per FinChat data.
The Federal Deposit Insurance Corp. initially sought approximately $1 billion in unpaid assessments and another $1 billion in alleged profits from underreporting risk in its lawsuit against the Bank of America.
Provision for credit losses increased to $219 million during the quarter from $155 million in the same period a year ago, reflecting changes in macroeconomic factors and portfolio activity.
Total revenues rose 3% year-over-year to $21.59 billion compared to a Wall Street estimate of $21.29 billion, driven by growth in each of Citi’s five interconnected businesses.
Palantir’s Maven Smart System NATO (MSS NATO) will be employed within NATO’s Allied Command Operations (ACO), enabling a significant advancement in the modernization of its warfighting capabilities.
Total revenue rose 6% year over year to $15.06 billion and surpassed an analyst estimate of $14.71 billion, led by higher net revenues in Global Banking & Markets but partially offset by slightly lower net revenues in Asset & Wealth Management.
Sandoz is seeking an injunction to prevent Amgen from using patent rights to block biosimilar competition and allow Sandoz to launch its Erelzi “as soon as possible.”
