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DAILY EARNINGS

Citigroup, Commerce Bancshares, JPMorgan Net Soar


Author: Mukesh Buch
ticker.com
Last Update: 1:23 PM EDT October 12 2017

11:45 PM New York Citigroup third-quarter net jumped 8% to $4.1 billion. Commerce Bancshares third-quarter net soared 9% to $72 million. Domino''s Pizza third-quarter net jumped 9% to $56 million. JPMorgan third-quarter net soared 7% to $6.7 billion. Lindsay fourth-quarter net plunged 19% to $6 million.

Tollbooth Index rose 14.95 to 12,858.60.

Earnings Review

Citigroup Inc (C), the financial services provider reported revenues in the third-quarter ending in September rose 2% from a year ago to $18.2 billion.

Net income in the quarter jumped 8% to $4.1 billion or $1.42 per diluted share from $3.8 million or $1.24 in the same quarter last year.

The bank said overall trading revenue plunged 11% to $3.6 billion, driven by 16% plunge in bond trading revenue.

Revenues in institutional client group segment jumped 9% to $9.23 billion and global consumer banking revenues grew 3% to $8.43 billion but corporate and other revenue declined 55% to $509 million from a year ago.

As of September 30, total deposit jumped 3% to $964 billion and total loan increased 2% to $653 billion.

Commerce Bancshares, Inc (CBSH), the banking services provider said total revenues in the third-quarter ending in August increased 4.9% from a year ago to $304.8 million.

Net income in the quarter soared 9% to $72.3 million or 71 cents per diluted share from $66.3 million or 65 cents in the same quarter last year.

As of September 30, total assets were $25 billion, total loans increased 3% to $13.8 billion, and total deposits rose 1% $20.4 billion.

Domino''s Pizza, Inc (DPZ), the pizza delivery chain stated revenues in the third-quarter ending in September soared 13.6% from a year ago to $643.6 billion.

Domestic same store sales in the quarter jumped 8.4%, representing 26th consecutive positive growth and international same store sales advanced 5.1%, marking 95th quarter of positive international same store sales growth.

Net income in the quarter jumped 8.8% to $56.4 million or $1.18 per diluted share from $47.2 million or 96 cents in the same quarter last year.

JPMorgan Chase & Co (JPM), the financial services provider reported revenues in the third-quarter ending in September advanced 3% from a year ago to $26.2 billion.

Net income in the quarter soared 7% to $6.7 billion or $1.76 per diluted share from $6.3 million or $1.58 in the same quarter last year.

JPMorgan said fixed income trading revenue declined 27% to $3.16 billion and as of September 30, assets under management soared 10% to $1.9 trillion and average deposit surged 9% to $646 billion and total loan increased 8%.

Lindsay Corporation (LNN), the water and road infrastructure products provider said revenues in the fourth-quarter ending in August fell 0.7% from a year ago to $131.9 million.

Net income in the quarter plunged 19.2% to $6.3 million or 59 cents per diluted share from $7.8 million or 73 cents in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc