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American bank Goldman Sachs, following the results of the first quarter, reported on the reduction of its net profit by 20% in annual terms to 2 billion 182 million dollars. Profit of 5 dollars 71 cents per share, however, turned out to be higher than the experts' forecast of 4 dollars 89 cents per share. Revenues amounted to 8 billion 807 million dollars, down over the year by 13%. Experts had expected the figure at 8 billion 930 million dollars. From operations with fixed income assets, the bank received 11% less revenue than a year earlier. The volume of earnings from operations with shares fell by 24%. The bank reduced its revenues in the field of work with institutional clients by 18%. Revenue from investment banking services remained virtually at the level of the previous quarter. In the field of investment management, revenue decline was at 14%.
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, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
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