Tag: Financial Services

Visa the world’s biggest payments network, reported December quarter results that beat expectations and demonstrated consumer resilience. It reiterated its revenue and profit per-share forecast for this fiscal year.

Here’s what the company reported: Earnings of $5.48 per share; it wasn’t immediately clear if that was comparable to the $3.51 estimate of analysts surveyed by LSEG.

Wells Fargoshares fell more than 1% before the bell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year.

Occidental Petroleum  stock has been under pressure recently, and Berkshire Hathaway has capitalized on that weakness by adding to its large holding in the energy company.

Σε διπλή χρηματική διανομή προς τους μετόχους τους θα προχωρήσουν οι Ευρωσύμβουλοι μέσα στο 2024, καθώς πέρα από την ήδη εγκριθείσα επιστροφή κεφαλαίου, η φετινή ετήσια τακτική γενική συνέλευση αναμένεται να αποφασίσει και τη διανομή μερίσματος.

British fintech Revolut’s revenue rose 45% to a record 923 million pounds ($1.1 billion) in 2022, but net profit tumbled to 6 million pounds, down from 26 million pounds the year before, the company said in delayed annual accounts on Friday.

Berkshire Hathaway bought more Occidental Petroleum stock in recent days, purchasing 5.2 million shares and bringing its total ownership to 243.7 million shares, for a 27.7% stake in the big energy company, according to a form 4 filing with the Securities and Exchange Commission late Thursday.

Mastercard stock was rising after the company announced a dividend increase and a new buyback program

LONDON, Dec 5 (Reuters) – Barclays shares fell in early trading on Tuesday after one of the bank’s largest shareholders Qatar Holding moved to sell around 510 million pounds ($644 million) of its stock, cutting back on its crisis-era investment in the bank.

Shares in Worldline surged almost 12% on Friday after a media report said Credit Agricole was considering acquiring a stake in the French payment processing company.

Charlie Munger, the outspoken business partner and sounding board of Berkshire Hathaway CEO Warren Buffett for more than 50 years, died at age 99 in Los Angeles, about a month before he would have turned 100 on Jan. 1, 2024.

HONG KONG, Nov 20 (Reuters) – HSBC is on track to meet a target of expanding its China wealth business headcount to 3,000 by 2025, despite the country’s current economic headwinds, as it bets on a steadily rising number of the extremely affluent, a senior executive said.

MUMBAI, Nov 9 (Reuters) – HSBC aims to further expand personal banking in India to serve the country’s fast-growing pool of high-earning professionals, after the launch there in July of its private bank, its India CEO said on Thursday.

UBS confirmed to CNBC that it is offering additional tier 1 securities, but did not comment on the details of the contracts and said it will provide additional information when the offering is complete.

The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations.

Brookfield Asset Management has raised $61 billion in capital this year, including $26 billion in the latest quarter, as it tracks toward its target of close to $150 billion.

The Omaha-based conglomerate’s operating earnings totaled $10.761 billion last quarter, 40.6% higher than the number from the same quarter a year ago.

Cryptocurrency exchange Coinbase on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row, sending shares of the company down in after-hours trading.

Shares of fintech firm Block surged as much as 19% in after-hours trading Thursday, after the company reported third-quarter earnings that beat analyst estimates on the top and bottom line and showed strong growth in both Cash App and Square revenue.

PayPal Holdings was set to add $4 billion to its market value as a pledge to turn “leaner” cheered up investors, even as the payments giant disclosed a subpoena from the U.S. Securities and Exchange Commission tied to its stablecoin.