C.N - 3Q2015 profit of $4.29bn, up 51% YoY, beating estimates, despite industrywide drop in bond trading and concerns about its international business. A large drop in legal expenses and revenue strength outweighed a slowdown in credit cards and other parts of the bank. CEO, Michael Corbat confirmed the bank was on track to meet its financial goals.
Citigroup - 3Q2015 profit of $4.29bn, up 51% YoY, beating estimates, despite industrywide drop in bond trading and concerns about its international business. A large drop in legal expenses and revenue strength outweighed a slowdown in credit cards and other parts of the bank. CEO, Michael Corbat confirmed the bank was on track to meet its financial goals.