News

As concerns about pandemic-related bad loans faded, HSBC Holdings (HSBA.L) announced a surprise 74 percent increase in third-quarter profit, allowing it to launch a $2 billion share repurchase. However, due to inflationary pressures, HSBC boosted their cost predictions for 2022 to $32 billion from $31 billion. Chief Executive Neil Quinn said in a statement released …

HSBC Shocks With A 74% Increase In Q3 Profit And A $2 Billion Buyback Programme Read More »

Nordea (NDAFI.HE) of Finland and Swedbank (SWEDa.ST) of Sweden both reported increased third-quarter earnings on Thursday, as banks throughout the region recovered quickly from the pandemic’s impact and moved extra capital to shareholders. Nordic banks, like their European counterparts, have profited from increased corporate and consumer activity, as well as a glut of mergers and …

Nordea Initiates Share Buybacks As The Nordic Banking Sector Recovers Read More »

On Thursday, Barclays announced better-than-expected third-quarter profits, following in the footsteps of its Wall Street peers and benefiting significantly from its investment banking sector. The British bank recorded a profit before tax of 2 billion pounds in the July-September period, above analysts’ expectations of 1.6 billion pounds and more than doubling the 1.1 billion pounds …

Barclays Profits Boosted From Investment Banking Read More »

Today in European markets major stock index moved higher, with gains in mining and technology stocks offsetting losses at Ericsson, which reported a setback from global supply chain issues. Utilities (.SX6P), Miners (.SXPP), and technology stocks (.SX8P) led the morning gains on the pan-European STOXX 600 (.STOXX). The gain in leading Asian indices was also …

European Markets Gain Ground As Tech And Mining Sectors Outweigh Ericsson’s Losses Read More »

Higher inflation forecasts and higher bond yields increased the dollar’s attractiveness against its peers on Monday, with the New Zealand dollar breaking the trend thanks to excellent statistics. On Monday, US Treasury yields firmed, continuing a recent trend that saw five-year bond yields rise to their highest levels since February 2020 as investors increased their …

On Higher Yields, The Dollar Outperforms Its Peers Read More »