Banks
Singapore bank UOB sees more powerful 2024 outlook, third-quarter internet earnings trails estimate
The United Overseas Lender (UOB) making is pictured in the Raffles Spot fiscal district in Singapore on August 10, 2023. Roslan Rahman | Afp | Getty Illustrations or photos Singapore’s United Overseas Bank, or UOB, expected a stronger outlook for upcoming year including superior mortgage and service fees expansion, as it described on Thursday a weaker-than-expected 1% drop in third-quarter net profit from […]
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Deutsche Bank web gain slides 8% in 3rd quarter but beats anticipations
A logo stands on display higher than the headquarters of Deutsche Bank AG at the Aurora Enterprise Park in Moscow, Russia. Andrey Rudakov | Bloomberg | Getty Visuals Deutsche Financial institution on Wednesday documented a third-quarter internet income of 1.031 billion euros ($1.06 billion), slightly beating anticipations in spite of an 8% slide on the […]
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Jamie Dimon rips central banking companies for becoming ‘100% useless wrong’ on economic forecasts
Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC’s Leslie Picker in Bozeman, MT on Aug. 2nd, 2023. CNBC JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the hazards of locking in an outlook about the economic system, specifically thinking of the very poor latest observe file of central banks like the Federal Reserve. […]
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UniCredit beats third-quarter revenue estimates, retains 2023 outlook
The emblem of Italian international banking group UniCredit stands on the facade of the group headquarters, found in the Porta Nuova district, as viewed from the viewpoint of Palazzo Lombardia on September 29, 2023 in Milan, Italy. Emanuele Cremaschi | Getty Photographs Information | Getty Images Italy’s UniCredit on Tuesday beat 3rd-quarter earnings forecasts as […]
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Barclays narrowly beats profit forecasts on strong consumer, credit card small business
A view of the Canary Wharf monetary district of London. Prisma by Dukas | Common Photographs Group | Getty Illustrations or photos LONDON — Barclays on Tuesday documented a net earnings of £1.27 billion ($1.56 billion) for the 3rd quarter, a little ahead of anticipations as powerful benefits in its consumer and credit rating card […]
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CNBC Day by day Open up: Oil deals ahead of Large Tech earnings
Omar Marques | Lightrocket | Getty Photographs This report is from today’s CNBC Day-to-day Open up, our new, international markets publication. CNBC Day-to-day Open up delivers buyers up to speed on almost everything they need to know, no subject where by they are. Like what you see? You can subscribe right here. What you need to […]
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As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin The us with Mexico deal
The deal, which is matter to regulatory approvals, marks a big press from Airwallex into Latin The usa. Airwallex International fintech large Airwallex on Thursday stated it has agreed to purchase MexPago, a rival payments organization centered out of Mexico, for an undisclosed sum to help the organization expand its Latin The usa footprint. The […]
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Big banks are quietly cutting thousands of employees, and more layoffs are coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders […]
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CNBC Day-to-day Open: Earnings year in total swing, Treasury yields at multi-year highs
Folks stroll around the New York Stock Trade on July 18, 2023 in New York Town See Push | Corbis Information | Getty Photos This report is from modern CNBC Day by day Open, our new, intercontinental markets e-newsletter. CNBC Every day Open up brings traders up to speed on all the things they require […]
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Morgan Stanley is set to report third-quarter earnings — here’s what the Street expects
James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.28 a share, according to LSEG, formerly known as Refinitiv Revenue: $13.23 billion Wealth management: $6.63 billion, according to StreetAccount Trading: Equities $2.41 billion, Fixed Income […]
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