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HSBC beats expectations with 79% jump in Q1 pre-tax profit as cautious outlook prompts credit loss reversal

Europe's largest lender said profit-before-tax came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank. REUTERS/ Bobby Yip HSBC posted a 79% jump in Q1 pre-tax profit that beat analyst expectati.....»»

Category: dealsSource: nytApr 27th, 2021

Gold miner Newmont posts 641% jump in profit

Newmont Corp. earned $837 million in the first quarter as gold prices surged......»»

Category: topSource: foxnewsMay 5th, 2020

StanChart posts strong results but coronavirus, economic headwinds to hamper profit growth

Standard Chartered booked a robust 46% jump in annual profit but warned a key earnings target would take longer to meet as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong......»»

Category: topSource: reutersFeb 27th, 2020

America Movil posts 63% jump in fourth-quarter net profit

America Movil , the Mexican telecommunications giant, on Tuesday reported a fourth-quarter net profit of 21.19 billion pesos ($1.12 billion), up 63% from the same period last year......»»

Category: topSource: reutersFeb 11th, 2020

Warren Buffett"s Berkshire Hathaway posts big jump in profit

Berkshire’s financial reach extends to almost every sector of the economy......»»

Category: topSource: foxnewsNov 2nd, 2019

Dow Jones Newswires: Dutch lender ING posts 73% profit leap

The Dutch lender made a net profit of EUR1.34 billion for the quarter, up from EUR776 million for the same period last year but lower than consensus forecasts of EUR1.37 billion, taken from FactSet and based on three analysts’ forecasts......»»

Category: topSource: marketwatchOct 31st, 2019

Barrick posts profit jump, flags significant work ahead on Acacia

Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a "great deal of work" ahead resolving problems around its African unit, whose buyout the company expects to complete next month......»»

Category: topSource: reutersAug 12th, 2019

Sony posts 18% jump in first-quarter profit on strong image sensor business

Japan's Sony Corp on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business......»»

Category: topSource: reutersJul 30th, 2019

Uber posts $1bln loss in first post-IPO results

Uber announced a $1 billion quarterly loss and a jump in revenue to $3.1 billion in its first results since going public in early May. The results reassured some investors but still leaves others wondering how long it will take to turn a profit......»»

Category: videoSource: reutersMay 30th, 2019

DBS posts record profit on lending gains, raises bar for Singapore banks

Southeast Asia's biggest lender DBS Group Holdings Ltd beat market estimates to post a record quarterly profit, as strong lending income offset weakness in wealth management, brokerage and investment banking fees......»»

Category: topSource: reutersApr 29th, 2019

DBS posts record quarterly profit, powered by lending income

DBS Group Holdings Ltd, Southeast Asia's biggest lender, beat market estimates on Monday to post a record quarterly profit, as strong net interest income offset weakness in wealth management, brokerage and investment banking fees......»»

Category: topSource: reutersApr 28th, 2019

Wells Fargo"s cost cuts fuel profit rise, but deposits fall

Wells Fargo & Co reported a 16.4 percent jump in quarterly profit on Friday, as the lender reaped the benefits of aggressive cost cutting......»»

Category: topSource: reutersApr 12th, 2019

Wells Fargo"s quarterly profit rises 16 percent as cost cuts pay off

Wells Fargo & Co reported a 16.4 percent jump in quarterly profit on Friday, as the lender reaped the benefits of its aggressive cost-cutting efforts......»»

Category: topSource: reutersApr 12th, 2019

Huawei posts 25 percent profit jump

China's Huawei, the world's third-largest smartphone maker, reported a 25 percent jump in 2018 net profit, buoyed by a solid performance in its home market and a booming smartphone business......»»

Category: videoSource: reutersMar 29th, 2019

Huawei posts 25 percent profit jump

China's Huawei, the world's third-largest smartphone maker, reported a 25 percent jump in 2018 net profit, despite the cloud of suspicion over the company after calls to ban its products from the U.S. and its allies. Ed Giles reports......»»

Category: videoSource: reutersMar 29th, 2019

China"s Huawei posts 25 percent rise in 2018 profit on smartphone sales

China's Huawei Technologies, the world's third-largest smartphone maker, reported a 25 percent jump in 2018 net profit, buoyed by a solid performance in its home market and a booming smartphone business......»»

Category: topSource: reutersMar 28th, 2019

Google Parent Posts Surge in Profit, but Expenses Also Jump

Google parent Alphabet posted surging profits as advertisers kept swarming to the search giant amid a global debate about internet privacy that threatens to affect its main revenue generator......»»

Category: asiaSource: wsjApr 24th, 2018

Troubled Monte dei Paschi surprises with swing to Q1 profit

Shares in Italy's troubled lender, Monte dei Paschi, jump ten per cent in early trade as the bank reveals it's swung to profit in the first quarter, helped by cost cutting and lower loan losses. Silvia Antonioli reports......»»

Category: videoSource: reutersMay 11th, 2018

GAIL India March quarter net profit posts four-fold jump to Rs 10.21 bn

The profit in fourth quarter was higher due to a one-off impairment GAIL had taken on its investment in Dabhol LNG terminal.....»»

Category: topSource: business-standardMay 24th, 2018

Bank of America second-quarter profit jump lifts shares

Shares of the nation's second-largest lender rose Monday as Bank of America reported a 33 percent profit increase for the second-quarter, topping Wall Street forecasts  .....»»

Category: topSource: usatodayJul 16th, 2018