Citigroup Inc (NYSE:C) reported that its revenue from commodities transaction during 1Q14 nearly doubled as compared to 1Q13. This makes Citigroup as the latest bank to get benefitted from soaring power and gas prices in post- winter season. The bank reported to have brought in $224 million in revenue in principal transactions involving commodity and other contracts. This represents almost 90% growth as compared to 1Q13. Citigroup Inc (NYSE:C) shares after opening at $47.01 moved to $47.05 on last trade day and at the end of the day closed at $46.36 . Company price to sales ratio in past twelve months was calculated as 2.26 and price to cash ratio as 0.19. Citigroup Inc (NYSE:C) showed a negative weekly performance of -3.72%.
AT&T Inc. (NYSE:T) has expanded the nation’s most reliable 4G LTE network** in Tell City and surrounding areas, bringing more customers the latest generation of wireless network technology. AT&T launched 4G LTE in Jasper and Huntingburg in Jan. 2014, and the expanded coverage is part of its ongoing rollout across the market. AT&T Inc. (NYSE:T) shares fell -0.76% in last trading session and ended the day on $35.49. T return on equity ratio is recorded as 20.60% and its return on assets is 6.60%. AT&T Inc. (NYSE:T) yearly performance is 0.82%.
Ford Motor Company (NYSE:F) announced the recall of 3,976 commercial versions of its F-Series full-size pickup truck, mostly in the U.S. The recall is being made as the vehicles can accidentally slip into reverse, which can cause a crash. Only 3 of the recalled vehicles are outside the U.S. Ford Motor Company (NYSE:F) shares moved down -1.14% in last trading session and was closed at $15.56 while trading in range of $15.53 – $15.76 – Ford Motor Company (NYSE:F) year to date (YTD) performance is 2.44%.
General Electric Company (NYSE:GE)’s renewable energy business announced a cumulative 3.9 gigawatts (GW) of firm and unconditional wind turbine supply orders in the United States since January 1, 2013, the date of the Production Tax Credit extension. Of these orders, 1.1 GW of GE technologies was placed into service in 2013. The remaining 2.8 GW will be commissioned or begin construction by the end of 2015. General Electric Company (NYSE:GE) weekly performance is -2.13%. On last trading day company shares ended up $26.19. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is 1.09%. Analysts mean target price for the company is $29.00.
Eric Warmstein, a managing director in JPMorgan Chase & Co. (NYSE:JPM)’s financial-institutions advisory business, has retired, a person familiar with the move said. Warmstein, 56, left last week after seven years with New York-based JPMorgan, the person said, asking not to be identified because the move hasn’t been announced. Brian Marchiony, a spokesman for the bank, declined to comment. JPMorgan Chase & Co. (NYSE:JPM) shares after opening at $54.04 moved to $54.06 on last trade day and at the end of the day closed at $53.34 . Company price to sales ratio in past twelve months was calculated as 3.86. JPMorgan Chase & Co. (NYSE:JPM) showed a negative weekly performance of -4.92%.
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