Celebrate Eight Years of The American with a B-Day Bash, Oct. 17th

The Goods from The American Vancouver, BC | The American is turning eight! The quintessential neighbourhood hangout located at the intersection between Mount Pleasant, Strathcona, and Chinatown is extending an open invite to come down and celebrate eight years of business with a night filled with tasty libations, delicious eats, karaoke and general frivolity. The […]

Citigroup Stock Tanked, Oil Dropped, and More

Markets did not respond well to Citigroup’s (C) quarterly earnings report. The stock lost 5.1% after posting revenue growth and earnings beating estimates.Citi posted Q3 GAAP EPS of $1.51. Revenue grew by 0.9% Y/Y to $20.32 billion. Investors did not like Citi’s cost of credit growth. It increased by $2.7 billion in Q3, compared to $1.8 billion last year. Higher net credit losses and a rise in allowance for credit losses (“ACL”) worried markets.Citi trades at a modest premium compared to the sector. Its P/E is 11.5 times, compared to the sector median of 12.3 times. Value investors may…

2024 Underwriters of the Year | Michael Watts, Senior Commercial Lines Underwriter, Intact Insurance

Over the course of 25 years, Michael Watts has honed his deep commercial underwriting expertise and dedication to building broker relationships. Watts started his career in 1999 as a Personal Lines Customer Service Agent, then moved into commercial lines where…The post Paid 2024 Underwriters of the Year | Michael Watts, Senior Commercial Lines Underwriter, Intact Insurance appeared first on Canadian Underwriter.