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One of the world's largest custodian banks, Bank of New York Mellon, following the results of the second quarter, reported on the growth of its net profit by 14% in annual terms to 1 billion 55 million dollars. In earnings per share, profit was 1 dollar 3 cents, while analysts had predicted 1 dollar 2 cents. Revenue increased to 4 billion 138 million dollars from 3 billion 956 million dollars a year earlier and coincided with the forecasts of the experts. The bank increased net interest income by 11%, commission income - by 3%. Non-interest expenses of the bank grew by 3% against the background of the weakening of the dollar and the growth of technological investments. Assets under management amounted to 1 trillion 800 billion dollars, increased by 2%. Assets on trust accounts increased by 8%.
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, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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