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Wall Street slips as banks fall after results, AT&T sinks

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup.JPMorgan Chase & Co and Citigroup Inc said they had set aside more money for credit card lending losses in the third quarter, stoking concerns about consumer credit, even as they reported results that topped analyst estimates. JPMorgan shares eased 0.9 percent and Citigroup fell 3.4 percent, making them among the biggest drags on the S&P 500, with the ...

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First Published: Fri, October 13 2017. 02:30 IST
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