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Berkshire Hathaway returns to profit in the fiscal first quarter

admin May 1, 2021

Berkshire Hathaway Inc. (BRK.A) said on Saturday it returned to profit in the fiscal first quarter on the back of robust performance from its insurance business. The company also extended its share buyback programme by £4.78 billion. The U.S. firm generated £46.76 billion of revenue in Q1. According to Refinitiv, experts had forecast a lower £46.08...

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Barclays’ pre-tax profit climbs to £2.40 billion in the first

admin April 30, 2021

Barclays plc (LON BARC) said on Friday it performed better-than-expected in the first quarter as impairment charges posted a sharp decline. Barclays shares tanked just under 5% in premarket trading on Friday. Including the price action, the stock is now exchanging hands at 178 pence per share. In comparison, it had started the year at a per-share p...

Economy Europe Finance & banking Industries Stocks & shares UK World

HSBC says its revenue jumped more than 100% in the

admin April 27, 2021

HSBC Holdings plc (LON: HSBA) said on Tuesday that its net profit in the first quarter posted an over 100% growth on a year over year basis. The company attributed the increase to improvement in the economic outlook that enabled it to release allowances it had set aside for expected loan losses. CFO Ewen Stevenson said: “We are still being relative...

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JPMorgan’s Daniel Pinto says ‘there is no reputational damage’ to

admin April 23, 2021

Co-President Daniel Pinto of JPMorgan Chase & Co (NYSE: JPM) had one of the best seats for the European soccer Super League that collapsed within days. The investment bank financially supported the breakaway soccer project that later met with widespread condemnation from fans and clients. Pinto said in his interview on 20th April: Are you looki...

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American Express says its revenue came in weaker than expected

admin April 23, 2021

American Express Co. (NYSE: AXP) said on Friday that its revenue in the fiscal first quarter fell shy of Wall Street estimates due to the COVID-19 restrictions. American Express shares that you can learn to buy online here slid roughly 4% in premarket trading on Friday but regained almost half of the intraday loss on market open. Including the pric...

Economy Europe Finance & banking Industries Services Stocks & shares World

Credit Suisse swings to loss in the first quarter due

admin April 22, 2021

Credit Suisse Group AG (ETR: CSX) said on Thursday its net loss in the first quarter came in at £198.40 million, attributed to a roughly £3.41 billion hit from the recent Archegos scandal that more than offset robust performance at its investment banking and wealth management segments. Credit Suisse shares closed the regular session about 1% up on ...

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PNC Financial reports a 3% annualised decline in its first-quarter

admin April 16, 2021

PNC Financial Services Group Inc. (NYSE: PNC) said on Friday that it topped analysts’ estimates for earnings and revenue in the fiscal first quarter. PNC Financial shares were reported about 1.5% up in premarket trading on Friday and gained another 1% on market open. Including the price action, the stock is now exchanging hands at £129.69 per share...

Economy Finance & banking Industries North America Stocks & shares USA World

BNY Mellon’s revenue tanks 5% in the fiscal first quarter

admin April 16, 2021

Bank of New York Mellon Corp. (NYSE: BK) published its earnings report for the fiscal first quarter on Friday that came in better than what analysts had anticipated. Its profit and revenue, however, was weaker than the same quarter last year due to low-interest rates. Bank of New York Mellon shares were reported about 2.5% down in premarket trading...

Economy Finance & banking Industries North America Stocks & shares USA World

Bank of America’s profit more than doubles in the fiscal

admin April 15, 2021

Bank of America Corp. (NYSE: BAC) said on Thursday that its profit more than doubled in the fiscal first quarter. On the back of hawkish performance that it attributed to lower credit costs and robust growth in capital markets, the investment bank authorised a stock buyback programme worth £18.12 billion. Bank of America shares remained almost flat...

Category : Finance & banking

Berkshire Hathaway returns to profit in the fiscal first quarter

Barclays’ pre-tax profit climbs to £2.40 billion in the first

HSBC says its revenue jumped more than 100% in the

JPMorgan’s Daniel Pinto says ‘there is no reputational damage’ to

American Express says its revenue came in weaker than expected

Credit Suisse swings to loss in the first quarter due

PNC Financial reports a 3% annualised decline in its first-quarter

BNY Mellon’s revenue tanks 5% in the fiscal first quarter

Bank of America’s profit more than doubles in the fiscal

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