On Friday, Shares of Vale SA (ADR)(NYSE:VALE), added 0.90% and closed at $5.58 in the last trading session. The last trading range of the stock ranges between $5.56 and $5.75. Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet. This segment is also involved in the production and extraction of manganese, ferroalloys, and others ferrous products and services; and extraction of coal, in addition to in the provision of railroad, port, and terminal logistics services. The companys Base Metals segment produces and extracts non-ferrous minerals, counting nickel and copper. Its Fertilizers segment provides a group of nutrients, such as potash, phosphates, and nitrogen. The company also invests in energy generation through operating hydroelectric plants and centers, in addition to produces steel.
Citigroup Inc (NYSE:C), jumped 0.29% and closed at $48.61 in the last trading session. The last trading range of the stock ranges between $48.39 and $49.95. The company’s Market capitalization is $141.64 Billion with the total Outstanding Shares of 2.85 billion. Citigroup Inc. today reported net income for the third quarter 2016 of $3.8 billion, or $1.24 per diluted share, on revenues of $17.8 billion. This compared to net income of $4.3 billion, or $1.35 per diluted share, on revenues of $18.7 billion for the third quarter 2015.
Third quarter 2015 included CVA/DVA4 of $196 million ($127 million after-tax). Excluding CVA/DVA in the prior year period, revenues decreased 4% from the prior year period, and earnings per diluted share decreased 5% from $1.31 per diluted share in the prior year period.
Citi CEO Michael Corbat said, “I am very encouraged by the underlying momentum across our franchise, notably in several areas where we have been investing. In the quarter, both our Global Consumer Bank and Institutional Clients Group had solid year-over-year revenue increases in nearly every business line and geography. We also continued to grow core loans and deposits while reducing non-core assets to just 3% of our balance sheet.
“We remain intensely focused on shareholder returns. The acquisition of the Costco portfolio and the recently announced sales of our retail operations in Argentina and Brazil are the latest examples of how we are shifting resources to the areas we believe will generate the best returns for our shareholders.
General Electric Company (NYSE:GE), jumped 0.42% and closed at $28.89 in the last trading session. The last trading range of the stock ranges between $28.82 and $29.03. The company’s Market capitalization is $259.97 Billion with the total Outstanding Shares of 8.96 billion. During the 52-week trading session the minimum price at which share price traded, registered at $27.10 and reached to max level of $33.00. GE (GE) declared that recently it has accomplished the sale of its remaining 20% stake in the Hyundai Capital Services (HCS) joint venture through a structured asset-backed security, representing aggregate ending net investment (ENI) of about $0.8 billion as at the end of the third quarter of 2016.
“As we continue to sell most of the assets of GE Capital, we are working with our joint venture partners such as Hyundai Capital to find solutions that work best for all parties,” said Rich Laxer, GE Capital Chairman and CEO. “Hyundai has been a strong partner for us over the last 12 years with the joint venture providing tremendous value for customers,” he added.
As formerly declared, GE has embarked on a strategy to create a simpler, more valuable company by reducing the size of its financial businesses and by focusing on continued investment and growth in its world-class industrial businesses. GE will retain the financing businesses that relate directly to GE’s industrial businesses.