Wells Fargo profit below estimates on decline in loans, high expenses

Source: Dukascopy Bank SA
Wells Fargo & Co showed in the report that its quarterly profit fell short of analysts' estimates, as expenses rose amid former missteps, while lending activity weakened, sending the company's shares down 4% in early trade.
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Fri, 13 Jul 2018 17:00:44 GMT

Infosys keeps revenue forecast for fiscal year

India's second-largest IT company Infosys retained the revenue outlook for its fiscal year ending in March, with the CEO optimistic about demand for the firm's services in the key markets of Europe and the US.

Fri, 13 Jul 2018 15:50:12 GMT

Citigroup profit grows on consumer banking

Citigroup reported that its quarterly profit topped Wall Street forecasts on strength in the company's consumer banking business, though revenue missed estimates, weighed down by weaker debt underwriting.

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