Tag Archives: profits
Costs centre stage for HSBC, French bank results
HSBC is expected to almost double first quarter profits to about $8 billion on Tuesday helped by a fall in costs and bad debts and showing the benefits of a three-year restructuring that is nearly complete. Continue reading
China March Industrial Profit Growth Slows Sharply Amid Weak Domestic Demand
Profits of China’s large industrial companies showed much slower growth in March than in the first two months of the year, suggesting that the nation’s key industries are still struggling with weak demand and overcapacity. Continue reading
Brazil’s Vale Swings to 1st-Quarter Profit, Hopes for Turnaround
Brazilian mining giant Vale SA’s (VALE, VALE5.BR) bottom line swung back to the black in the first quarter amid better iron-ore prices and no write-downs, marking a possible turnaround for the company after seven straight quarters of declining profits. Continue reading
Apple Profits Fall For First Time In 10 Years
The tech giant is forced into two-year buy-back plan to hold up shares as profits suffer an 18% drop on the same quarter in 2012. Continue reading
Goldman’s bond trading slump stirs profit concerns
By Lauren Tara LaCapra and Tanya Agrawal (Reuters) – Goldman Sachs Group Inc said revenue from trading bonds with clients fell 7 percent in the first quarter, raising questions about the health of the bank's biggest money maker and the prospects for fixed-income trading profits on Wall Street. Equities trading revenue has been squeezed for years across Wall Street by the growth of online trading platforms, but the fixed-income, currency, and commodities business has only recently begun facing similar pressures Continue reading
Wall Street closes higher, Alcoa rises late
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks ended a volatile session higher on Monday as investors looked ahead to an earnings season expected to show modest growth despite concerns about macroeconomic conditions. Wall Street fluctuated between positive and negative territory for much of the day before climbing in the final hour of trading, ending near its session highs. Continue reading
UK’s Countrywide jumps in strong market return
By Brenda Goh LONDON (Reuters) – Countrywide Holdings , Britain’s largest estate agency by revenue, enjoyed a strong return to the stock market on Wednesday after a six-year absence, completing a listing which valued it at 750 million pounds. Countrywide’s successful share sale reflects a recent upturn in companies going public and was encouraged by growing investor optimism towards Britain’s housing sector, with housebuilders reporting robust profits despite the mixed economic picture. … Continue reading
Chinese Online Gaming Co-Founder Most Likely To Become Next Female Billionaire
SINGAPORE, March 6, 2013 /PRNewswire/ –Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, h… Continue reading
5 Hated Earnings Stocks Poised to Pop
WINDERMERE, Fla. (Stockpickr) — Short-sellers hate being caught short a stock that reports a blowout quarter. When this happens, we often see a tradable short squeeze develop as the bears rush to cover their positions to avoid big losses Continue reading
