Bank Earnings

ICICI Bank Share Grows 6% After Fourth Quarter Results, Here’s What Brokers Say

ICICI Bank’s share rose more than 6% today after the lender reported a jump of more than three times its stand-alone net profit for the January-March quarter. ICICI Bank’s share gained 6.11% to an intraday high of Rs 604.9. The stock opened with a gain of 5.31% at Rs 602 …

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Largest bank in Tennessee sees profits and shares increase following merger with largest bank in Louisiana

Tennessee’s largest bank is reaping the rewards of its merger with Louisiana’s largest bank last summer to boost first-quarter operating profits, revenues and share price. The First Horizon Bank on Wednesday reported quarterly earnings of 51 cents per share, beating the consensus estimate of Wall Street analysts to 37 cents …

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Northeast Bancorp (NASDAQ: NBN) – Northeast Bank: Third Quarter Results Snapshot

Actions of North-east shore (NASDAQ: NBN) was unchanged after the company’s third quarter earnings release. Quarterly results Earnings per share rose 523.81% over the past year to $ 1.31, beating the estimate of $ 0.21. Revenues of $ 58,072,000 up 238.00% from the same period last year, which exceeded the …

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S&P 500, Financials, Bond ETF Flows After Strong First Quarter Bank Profits

S&P 500, Financials, Bond Fund Flows Talking Points: The S&P 500 retreated from its all-time highs, but is higher again on Wednesday. XLF Financials ETF shows little reaction to strong bank earnings. Treasury ETFs have seen an increase in inflows in recent days. S&P 500, Financials, Bond ETF Flows After …

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MainStreet Bancshares Reports Strong First Quarter 2021 Results

MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $ 5.5 million for the first quarter of 2021. Net income of $ 5.5 million represents an average return on equity (ROA) of 12.95%, an average return on assets of 1.32% and $ …

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ABN Amro may absorb compliance regulation but profit under pressure – analysts

ABN AMRO Bank NV is well positioned to absorb 480 million euros anti-money laundering regulation, but is expected to struggle against profitability in 2021 amid restructuring and the impact of COVID-19, analysts say. The Netherlands’ third-largest bank said on April 19 that it had accepted the Dutch prosecution’s offer to …

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4 things we learned from Goldman Sachs record first quarter results

Goldman Sachs (NYSE: GS) Expectations were shattered when he announced his first quarter results last week. The bank posted stellar profits thanks to an improving economy that allowed it – along with many other big banks – to reduce its provisions for credit losses, or the reserves it built up …

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Investors seek answers on Archegos, Greensill

The logo of Swiss bank Credit Suisse can be seen at its headquarters in Zurich, Switzerland on March 24, 2021. Arnd Wiegmann | Reuters After soaring earnings beats from rivals on Wall Street, Credit Suisse is expected to report a large loss on Thursday as it navigates the fallout from …

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Analysis: the bond windfall of American banks driven by extraordinary market conditions, regulatory decisions

WASHINGTON (Reuters) – The record-breaking Wall Street bank bond offerings in recent days are driven by a combination of extraordinary market conditions and regulatory decisions that can be attributed to the government’s relief efforts in pandemic cases, analysts said. FILE PHOTO: Traders watch screen showing Federal Reserve Chairman Jerome Powell’s …

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