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City Holding Q3 Earnings Top Estimates
(RTTNews) - City Holding Co. (CHCO), a $6.1 billion bank holding company, announced Tuesday that third-quarter net income available to common shareholders increased to $29.84 million or $1.98 per share from $27.37 million or $1.83 per share in the prior-year quarter.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.88 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter increased to $55.61 million from $48.78 million last year, and total non-interest income was $17.41 million, down from $18.24 million last year. Analysts expected revenues of $72.77 million for the quarter.
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German Inflation Accelerates To 2.2% In August
Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Swiss Market Ends Modestly Lower
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European Stocks Close Lower On Geopolitical Tensions
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Chicago Business Barometer Slumps Much More Than Expected In August
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U.S. Consumer Prices Increase In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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