Singapore’s bank DBS third-quarter net profit rises 18% on-year

Singapore’s bank DBS third-quarter net profit rises 18% on-year

SINGAPORE, Nov 6 (Reuters) – Singapore’s biggest bank DBS Group (DBSM.SI) reported on Monday a 18% jump in net profit in the third quarter from a year earlier as total income grew on higher interest margin and commercial book non-interest income. DBS, which is also Southeast Asia’s largest lender by assets, said July-September net profit … Read more

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – Citigroup’s (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking … Read more

Wall St Week Ahead Surging Treasury yields upend stock market’s “bond proxies”

Wall St Week Ahead Surging Treasury yields upend stock market’s “bond proxies”

A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights NEW YORK, Oct 6 (Reuters) – Soaring Treasury yields have stunned the U.S. equity market in recent weeks, with some of the worst fallout hitting a group … Read more

Nvidia shares hit record high as AI demand fuels record results

Nvidia shares hit record high as AI demand fuels record results

A Nvidia logo is seen on one of their products on display at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing Rights Aug 24 (Reuters) – Shares of Nvidia (NVDA.O) rose as much as 6.7% on Thursday, hitting an all-time high, after the company unveiled a $25 billion stock buyback … Read more