Reuters - Before the Bell

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Friday, July 14, 2017

Citigroup profit falls 3 percent as expenses rise, trading dips

(Reuters) - Citigroup Inc reported a 3.2 percent decline in quarterly profit as expenses rose and trading revenue fell from Brexit vote-boosted levels a year earlier.

Arconic sued in United States over fatal London tower fire

NEW YORK (Reuters) - A shareholder of Arconic Inc on Thursday filed a lawsuit accusing the company of defrauding shareholders over its supply of cladding panels used at Grenfell Tower, the London high-rise where at least 80 people died in a fire last month.

Oil firm as signs of higher demand outweigh worries of excess

LONDON (Reuters) - Oil prices edged higher on Friday and were on track for solid weekly gains following positive demand signals, production issues in Nigeria and a reported decline in stocks.

JPMorgan beats estimates on Fed rate hikes, loan growth

(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and loan growth more than offset a drop in bond trading.

Futures flat ahead of key data; JPMorgan kicks off earnings

(Reuters) - U.S. stock index futures were little changed on Friday as investors awaited key data for a reading on the health of the economy while JPMorgan kicked off second-quarter earnings.

Exclusive: ECB wary of putting end-date on quantitative easing - sources

FRANKFURT (Reuters) - The European Central Bank is keen to keep its asset purchases open-ended rather than setting a potentially distant date on which bond-buying will stop, to retain flexibility in case the outlook sours, three sources familiar with the discussion said.

Factbox: Key quotes from ECB policymakers ahead of July 20 rate meeting

FRANKFURT (Reuters) - The following are key comments by European Central Bank Governing Council members ahead of Thursday's interest rate meeting.

Fiat Chrysler recalls 1.33 million vehicles over fire, air bag risks

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Friday it is recalling 1.33 million vehicles worldwide in two separate campaigns for potential fire risks and inadvertent airbag deployments.

Giving up the ghost: investors bail on Snap

While that is the premise of Snap Inc’s popular messaging platform, investors also saw any gains from its red-hot IPO disappear when shares plunged far below their initial sale price on Tuesday.

Factbox: Snap IPO underwriters' coverage

(Reuters) - Snap Inc's shares slipped 1.3 percent to $15.48 in premarket trading on Friday, after IPO underwriter Cowen downgraded the stock to "market perform" and lowered its price target to $17 from $21.