Tag: Financial Services

Visa narrowly topped earnings estimates for its most recent quarter, driven by a continued postpandemic rebound in international travel.

MADRID, Oct 25 (Reuters) – Spanish bank Santander beat forecasts on Wednesday with a 20% rise in third quarter net profit as a strong performance in Europe offset weaker trade in the United States and higher provisions.

Oct 25 (Reuters) – Ratings agency Moody’s reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics.

Oct 20 (Reuters) – Credit card giant American Express (AXP.N) on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an economic downturn.

Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts’ estimates on stronger-than-expected trading revenue.

Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity.

Berkshire Hathaway sold 4.8 million shares of HP Inc. worth about $130 million in recent days, according to a Form 4 filing with the Securities and Exchange Commission late Friday.

Goldman Sachs  will cut staff it considers to be underperforming starting as soon as next month, the Financial Times reported, citing people familiar with the plans.

Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning

NN Group reported a rise in its operating result for the first half of 2023 and said it remains on track to meet its financial targets for 2025.

UBS on Friday said that it has ended a 9 billion Swiss franc ($10.27 billion) loss protection agreement and a 100 billion Swiss franc publicly liquidity backstop that were put in place by the Swiss government when it took over rival Credit Suisse in March.

Societe Generale, France’s third-biggest listed bank, has reached a settlement with U.S. securities regulators amid a probe over the use of messaging platforms, the lender said in its first half financial report released on Thursday.

Private equity firm Carlyle Group Inc (CG.O) reported on Wednesday that its second quarter distributable earnings fell 26% year-on-year due to a slump in asset sales, although the result still exceeded analyst expectations.

Κομβική η θετική επίδραση από την πώληση της συμμετοχής στην ATTICA. Τα έσοδα ήταν 3,8 εκατ. ευρώ και τα EBITDA αρνητικά κατά 243 χιλιάδες ευρώ.

Stock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year.

A continued recovery in international travel—and spending—drove Visa to a better-than-expected quarter. The credit-card company’s earnings, disclosed Tuesday afternoon, beat Wall Street estimates but growth in payments volume slowed from recent quarters.

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A fifth straight quarter of record revenue and an earnings beat hasn’t been enough to keep shares in American Express AXP –0.01% afloat on Friday. The card issuer has seen a slowdown in activity and continues to brace for debt struggles among customers.

Blackstone Inc. has become the first private equity firm to manage $1 trillion, an accomplishment tempered by a dealmaking slump that weighed on second-quarter results.

Ally Financial’s profit declined in the second quarter on flat revenue, but its adjusted earnings were higher than analysts had expected.

Wells Fargo topped Wall Street estimates on the top and bottom lines for the second quarter.