News Story | Nasdaq Hits New High As S&P Ends Near Flat As Citigroup Results Sink Banks


2019-07-16 | By newsstory | 100 Hits

The benchmark SampP 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc kicked off the earnings season with a mixed quarterly reportThe bank reported a betterthanexpected profit but also a decline in its net interest margin The fall in net interest margin triggered a fall in shares of other banks on concerns that it would presage lower profits across the industry as interest rates have droppedThough Citigroup shares erased nearly all their losses to end >>READ MORE

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