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Analytical company Coalition conducted a study of the financial results of 12 of the world's largest investment banks in the third quarter. The results showed that the cumulative revenue of these financial institutions fell in annual terms by 1% to $35.5 billion. However, in the first nine months of the year, revenue showed an increase, increasing by 4% to 122 billion dollars. Experts expect that in 2018, the revenue of banks will reach 154 billion dollars, its annual growth will be 3%. The results of leading banks for 9 months also showed an increase in their total income from operations with raw materials by 32%, from trading in shares and derivatives - by 15%.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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