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Bank of America, the second in terms of assets American bank, according to the results of the third quarter, reported an increase in net profit by 33.3% in annual terms to $7 billion 200 million. Calculated per share, the bank's profit was 66 cents, while experts had predicted 62 cents. Quarterly revenues reached $22 billion 800 million, an increase of 4.6%. According to economists, revenues were expected at $22 billion 700 million. The bank increased interest income by 6% to $11 billion 900 million due to higher interest rates, a 4% increase in deposits and loans in the amount of $29 billion.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
KYC Policy