Tag Archives: profits

IBM’s adjusted earnings for the third quarter of 2023 rose to $2.20 per share, versus expectations issued by the “Street Account” market research firm, which indicated $2.13 per share.The company’s revenues rose in the same period to $14.75 billion, compared to expectations which indicated $14.73 billion.The markets’ direct reaction to …

Standard Chartered raised its performance targets, unveiled a $1 billion share buyback program and posted a 28 percent increase in annual profit after higher global interest rates boosted its lending revenue. The bank said about 10 percent of its overall profit growth came from interest rates as central banks raised …

Bloomberg News reported on Thursday that First Abu Dhabi Bank, the UAE’s largest bank, may renew a potential offer for British bank Standard Chartered once the freeze rules associated with its previous bid, which it retracted, expire. Standard Chartered shares jumped 9 percent after the report. A Standard Chartered spokesman …

Q3 earnings and profits slid at Wall Street’s biggest banks as they anticipate weaker economy while investment banking was hit hard, but investors saw a small glimpse of light with some banks beating estimates.Central banks fight inflation which is expected to cause an economic slowdown. Fed raised interest rate from …

The giant Saudi oil producer said it earned nearly $50 billion last quarter, the latest energy company to record outsize profits after the surge in crude prices since Russia’s invasion of Ukraine in February.Aramco announced that its second-quarter profit jumped 90 percent over the same period a year ago, reaching …

United Airlines on Wednesday edged higher the expected profit milestone in its pandemic recovery. The company announced that there will be scaling back of corporate growth plans through 2023.Strong demand has been reported as well as high costs for fuel and other operation expenses. United reported its first quarterly profit; …

Citigroup Inc. C, +1.91% and Wells Fargo & Co. WFC, +1.91% both report earnings on Friday, July 15, while Bank of America Corp. BAC, +1.38% and Goldman Sachs Group Inc. GS, +0.74% weigh in on July 18. The detachment between healthy business performance and poorly share prices in 2022 seems …

Standard Chartered Bank said on Thursday it will scale back its activities in Africa and the Middle East, as it seeks to cut costs and focus on more profitable markets. The bank will fully exit from Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe. It will also halt its …

China’s economic growth is forecast to slow amid fresh coronavirus outbreaks, denting profits for US firms. But disruptions to Chinese manufacturing could steer factory orders to Southeast Asia.US companies stand to earn less this year in China as growth slows in the world’s second largest economy. Slowing growth in the …

Amazon shares fell more than 4% in extended trading on Thursday after the company reported weaker-than-expected Amazon posted a significant profit outperformance for the fourth quarter, buoyed by gains from its investment in electric vehicle company Rivian. The company also revealed revenues from its fast-growing advertising business for the first …