Global Banking Monitor

Sunday, April 28, 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: profit

Quarterly Profit of Top 10 UAE Banks Up by 5.6% Due to Reduced Impairment Charges

The aggregate net profit of the UAE's 10 largest banks increased by 5.6 per cent on a quarterly basis in the third quarter, boosted...

European Banks Benefit from Profit Boost Amid Resilient Loan Books

Most European banks beat profit estimates for the second quarter, with surprisingly robust loan portfolios providing a major boost to their earnings. Societe Generale’s credit...

Barclays Warns of Profit Squeeze as Customers React to Market Changes

Barclays (BARC.L) warned of growing pressure on its UK business as stubborn inflation and high interest rates pushed customers to repay debt and switch...

Emirates NBD Surpasses Expectations with Profit Surge Driven by Margins and Deposits

Emirates NBD PJSC’s net income for the second quarter beat estimates as higher margins, an improved deposit mix and loan recoveries raised revenue. Dubai’s biggest...

UOB’s Profit Beats Estimates, but Fee Growth Forecast Lowered

United Overseas Bank Ltd. lowered its fee income growth forecast for 2023, signaling a more challenging outlook, even as it reported second-quarter profit that...

ICICI Bank Exceeds Expectations as Quarterly Profit Soars on Strong Loan Growth

ICICI Bank Ltd.’s first-quarter profit topped estimates, underpinned by sustained demand for retail loans in the world’s most populous country. Net income climbed to 96.5...

Capital One Financial Surpasses Profit Estimates, Boosted by Increased Interest Income

Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts' estimates, helped by higher income from borrowers following a rise...

First Abu Dhabi Bank’s Quarterly Profit Skyrockets Amidst Higher Interest Rates

First Abu Dhabi Bank PJSC reported a surge in earnings as it benefited from higher rates and improved margins. The United Arab Emirates’ largest lender...

Fifth Third Bancorp Exceeds Profit Expectations with Strong Interest Income

Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. On an...

BofA Reports Surging Profit Driven by Interest Income and Investment Banking Gain

Bank of America's (BAC.N) second-quarter profit beat Wall Street estimates as it earned more from customers' loan payments while investment banking and trading fared...

JPMorgan Benefits from Profit Growth Due to Higher Interest Rates

JPMorgan Chase said earnings from its lending business would continue to increase this year on the back of higher interest rates as the largest...

Citigroup’s Profit Declines 36% Due to Trading Slump and Increased Expenses

Citigroup beat analysts' estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses...

Wells Fargo Reports 57% Profit Increase, Boosts Outlook for Interest Income

Wells Fargo (WFC.N) raised its annual forecast for net interest income (NII) after its profit surged 57% in the second quarter, sending its shares...

National Bank of Canada’s Profit Declines Due to Rising Provisions

National Bank of Canada reported a fall in second-quarter profit on Wednesday as a shaky economy and a meltdown in the U.S. banking sector...

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