NewzNEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Friday reported third-quarter net income of $1.92 billion. The New York-based company said it had profit of $9.04 per share.
Earnings, adjusted for investment costs, came to $9.18 per share. The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $7.07 per share.
The insurer posted revenue of $12.41 billion in the period. Its adjusted revenue was $12.45 billion, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $12.4 billion.
_____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRV at https://www.zacks.com/ap/TRV Source (AP) — Citizens Financial Group Inc.
(CFG) on Friday reported third-quarter earnings of $636 million. The Providence, Rhode Island-based bank said it had earnings of $1.41 per share. The results topped Wall Street expectations.
The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share. The bank posted revenue of $3.27 billion in the period. Its revenue net of interest expense was $2.32 billion, falling short of Street forecasts.
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