NYSE Stock Movers and Shakers (GS, C, IR)
NYSE Stock Movers on Friday.
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Stock price of global diversified financial service company Citigroup, Inc (NYSE: C) was down by 1.68% or 7 cents in the pre-trading session and was trading at $4.16. The company has announced its Q2 results which are in line with the expectation of the Analysts. The profit of the company fell $2.7 billion or 9 cents a share from $4.3 billion or 49 cents a share in the year ago quarter while the analysts were expecting a profit of 5 cents a share. With the results, it also announced that its Indian division has sold 5 billion rupees or $107 million worth of mortgages to an Indian financial service Religare enterprises ltd. It has a total loan book of about $8.5 billion and more than 90 billion rupees worth of mortgage.
Stock price of Ingersoll Rand (NYSE: IR) was up by 2.93% or 92 cents in the pre-trading session and was trading at $35.85. In the last one year the stock has touched a high of $40.65 and a low of $21.04. The company has raised its earnings estimate from $0.62 to $0.72 per share to $0.74 to $0.76 per share. Analysts are quite bullish on the share as they were expecting the earnings of $0.70 per share on revenue of $3.65 billion. On the contrary the stock has lost 11.88% of its value in last one month. It has also broken its 20-day, 50-day, 200-day moving average, which itself is a bearish sign.
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