Chipotle announced that it will open a location in Mexico by early 2026 in partnership with Alsea, S.A.B. de C.V., a restaurant operator in Latin America and Europe.
The insurance company now sees full-year adjusted earnings per share between $26 and $26.50, down from its previous forecast of $29.50 to $30, and below an analyst estimate of $29.74, as per FinChat data.
The Federal Deposit Insurance Corp. initially sought approximately $1 billion in unpaid assessments and another $1 billion in alleged profits from underreporting risk in its lawsuit against the Bank of America.
Provision for credit losses increased to $219 million during the quarter from $155 million in the same period a year ago, reflecting changes in macroeconomic factors and portfolio activity.
Total revenues rose 3% year-over-year to $21.59 billion compared to a Wall Street estimate of $21.29 billion, driven by growth in each of Citi’s five interconnected businesses.
