Global Banking Monitor

Saturday, April 20, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: earnings

National Australia Bank Reports Increased Earnings Amid Economic Challenges

Investors in the Australian banking sector, including National Australia Bank (OTC:NABZY) Ltd (ASX:NAB), are navigating a challenging environment marked by aggressive interest rate hikes...

US Banks’ Q2 Earnings Unveiled: A Visual Breakdown of the Results

U.S. banks benefited from higher interest rates in the second-quarter, driving a rally in major indexes, but lower consumer spending, slower loan growth and...

China’s Economic Slowdown Casts Shadow on Global Corporate Earnings

As the reporting season for the second quarter approaches, businesses with exposure to China's economy are on edge due to its sluggish growth. Companies...

Big Banks’ Earnings Signal Challenges Ahead for Smaller Banks

JPMorgan Chase and Wells Fargo on Friday reported year-over-year net income growth of 67% and 57%, respectively. Wells Fargo, for example, still has nearly...

Bank of America Reports Earnings Season Starts with Strong Performance

Corporate America’s initial stretch of earnings releases delivered results that surpassed the historical norm for the quarter’s kickoff, paving the way for a “solid”...

Bank Earnings and Inflation Kick Off Earnings Season with a Bang

Earnings season began last week, with 12 S&P 500 companies reporting. Banks and financial companies were a big part of the mix. Better news...

Bank Earnings Raise Concerns for Wall Street

Citigroup (C) CEO Jane Fraser did not mince words on Friday when discussing how the Wall Street side of her bank performed during the...

US Bank Earnings Challenge the Validity of Popular Recession Theory

The robust earnings at megabanks from JPMorgan Chase & Co. to Wells Fargo & Co. have poked holes in a popular theory: that an...

Morgan Stanley Predicts Slump in US Earnings for 2023, Followed by Strong Rebound in the Following Year

Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts...

Morgan Stanley Warns of Impending Earnings Recession, Cautions Stock Market Unpreparedness

The earnings recession is still coming, and it's going to be worse than anyone thinks, Morgan Stanley said in a new note to clients...

Royal Bank to Scale Back Hiring Following Earnings Disappointment Due to Increased Costs

Royal Bank of Canada missed analysts’ estimates as expenses and loan-loss provisions increased, making it the latest lender to take a profit hit due...

China’s Economic Data Disappoints, Attention Turns to Tech Sector’s Earnings

U.S. equity markets opened lower and turned mixed on the heels of disappointing retail sales data and weak guidance from home improvement retailer, Home...

Wall Street Bank Earnings Face Lingering Pressure from Financial Crisis

Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last...

Key highlights this week: Inflation and bank earnings

First quarter earnings season will get underway in earnest this week with big banks reporting results on Friday as investors turn their attention slightly...

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