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GLOBAL MARKETS LIVE: Citigroup, Wells Fargo, SAP…

01/15/2021 | 10:28am EST

J.P. Morgan Chase and Citigroup posted their results, Pfizer reduces deliveries of its vaccine to Europe, while chip shortages are weighing on global automotive production.



  • J.P. Morgan Chase’s quarterly net profit surged 42%, led by its trading and investment banking activities. Its net banking income increased by 3% to 30.2 billion dollars.
  • Citigroup saw its quarterly profit rise above market expectations but the increase in costs and the decline in revenues of its retail banking activities disappoint.
  • Pfizer will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it increases its production capacity, Norwegian health authorities said.
  • French Finance Minister Bruno Le Maire believes that a takeover of Carrefour by a foreign group would be "a major problem".
  • Wells Fargo is looking for a buyer for its asset management division, Reuters has learned.
  • SAP expects revenues in 2021 to remain stable or even increase slightly, with a slight contraction in operating income.
  • Assicurazioni Generali will present a reorganization plan on January 27.
  • The Goldman Sachs Group is on the lookout for acquisitions to strengthen its Marcus retail banking division, Reuters learned.
  • The shortage of semiconductors for the automotive industry is forcing Daimler to reduce production and working hours at two plants, according to the Handelsblatt.
  • After Huawei, the US attacks Xiaomi, which falls heavily in Hong Kong.
  • General Electric accuses Siemens of stealing trade secrets to win contracts in power generation.
  • Google concludes the purchase of Fitbit but the examination of regulators continues.
  • Canon blazes in Tokyo after better-than-expected preliminary results.
  • Rio Tinto enters the scandium market with the construction of a new plant in Canada.
  • According to Bloomberg, General Motors is considering extending the Corvette catalog to an SUV.
  • Lonza has a new plant in China.

© MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASSICURAZIONI GENERALI S.P.A. -1.80% 15.55 Delayed Quote.9.05%
CANON INC. -3.66% 2292.5 End-of-day quote.15.90%
CARREFOUR -1.80% 14.445 Real-time Quote.2.96%
CITIGROUP INC. -2.27% 65.88 Delayed Quote.6.84%
DAIMLER AG 0.49% 66.25 Delayed Quote.14.64%
GENERAL ELECTRIC COMPANY -1.72% 12.54 Delayed Quote.16.11%
GENERAL MOTORS COMPANY 1.44% 51.33 Delayed Quote.23.27%
HUAWEI CULTURE CO.,LTD. 0.72% 2.8 End-of-day quote.0.72%
LONZA GROUP AG -1.71% 573.8 Delayed Quote.0.88%
PFIZER INC. -0.98% 33.49 Delayed Quote.-8.12%
RIO TINTO PLC -4.52% 6187 Delayed Quote.13.11%
SAP SE -0.64% 102.06 Delayed Quote.-4.81%
WELLS FARGO & COMPANY -3.70% 36.17 Delayed Quote.19.85%
XIAOMI CORPORATION -5.77% 25.3 End-of-day quote.-23.80%