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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.....»»
Gold miner Newmont posts 641% jump in profit
Newmont Corp. earned $837 million in the first quarter as gold prices surged......»»
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......»»
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......»»
Warren Buffett"s Berkshire Hathaway posts big jump in profit
Berkshire’s financial reach extends to almost every sector of the economy......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»
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 .....»»