Month: October 2020

Citigroup (C) earnings 3Q 2020

spike 3 months ago

Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.

Adam Galica | CNBC

Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday.

Here’s what Wall Street expects:

Earnings:  93 cents a share, a 55% decline from a year earlier, according to Refinitiv.

Revenue: $17.2 billion, a 7.3% decline from a year earlier.

Trading Revenue: Fixed income $3.6 billion, Equities $851 million, according to FactSet. 

Citigroup, the third-biggest U.S. bank by assets, is in the midst of a major management change.

Last month, the bank announced that longtime CEO Michael Corbat

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JPMorgan Chase (JPM) earnings Q3 2020

spike 3 months ago

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.

Adam Galica | CNBC

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday.

Here’s what Wall Street expects:

Earnings: $2.23 per share, a 17% decline from a year earlier, according to Refinitiv.

Revenue: $28.3 billion, a 5.9% decline from a year earlier.

Reserve build: $104 million, according to FactSet

Trading Revenue: Fixed income $4.53 billion, Equities $1.67 billion

JPMorgan, the biggest U.S. bank by assets, is also the first major lender

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Focus on card fraud – The UK market in the spotlight

spike 3 months ago

Card fraud losses on UK-issued cards totalled £620.6 million in 2019, an 8% decrease from £671.4 million in 2018. At the same time, total spending on all debit and credit cards reached £829 billion in 2019, with 22 billion transactions made during the year.

Overall card fraud losses as a proportion of the amount the UK spends on cards decreased during 2019, falling from 8.4p per £100 spent in 2018 to 7.5p per £100 in 2019 (in 2008 it was 12.4p for every £100 spent).

A total of £999.2 million in card fraud was stopped by banks and card companies

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Lockton selects CyberCube’s Broking Manager

spike 3 months ago

Lockton, the world’s largest independent insurance broker, has adopted CyberCube’s Broking Manager, a cyber risk analytics platform for insurance intermediaries. Lockton has more than 60,000 clients across the globe, and is the world’s eighth-largest broker.

Broking Manager is specifically tailored to the needs of the insurance broking community, allowing users to quantify the sources and financial impact of cyber risk exposure. The platform also produces reports that can be used to educate clients about cyber risk, as well as peer-to-peer benchmarking.

“We’re thrilled that a broker as significant as Lockton has chosen to partner with us,” said Oren Schetrit, director

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