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…