1:10 PM New York Citigroup profit jumped 8% but trading revenues plunged. Commerce Bancshares net soared. Domino''s Pizza beats profit and sales estimates but stock declined. JPMorgan beats estimate after trading revenue declined 27%. Lindsay net plunged 19%.
Tollbooth Index rose 14.95 to 12,858.60.
) advanced 1% or 39 cents to $39.26 after the luxury accessories maker said that it will change its name to Tapestry, Inc., (NYSE:TPR) effective October 31, 2017.
As such, we believe that Tapestry can grow with our portfolio and with our current brands as they extend into new categories and markets, said chief executive officer Victor Luis.
) dropped 2.2% or $1.69 to $73.25 after 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
) slumped 2% or $1.19 to $56.90 after 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
) declined 5% or $10.50 to $198.74 after 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
) fell 0.6% or 60 cents to $96.12 after 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%.
) slumped 3.7% or $3.38 to $88.27 after 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.