Santander tops forecast as strong Europe offsets weaker US

Santander tops forecast as strong Europe offsets weaker US

A Santander company logo is pictured at the company’s headquarters in Boadilla del Monte, outside Madrid, Spain, February 2, 2023. REUTERS/Violeta Santos Moura Acquire Licensing Rights Q3 profit up 20% to 2.9 bln euros vs forecast 2.77 bln euros Net interest income up 11.6% y/y in Q3, above expectations Botin confident will meet 2023 targets, … Read more

Heineken holds forecast as sells less beer, but makes more money

Heineken holds forecast as sells less beer, but makes more money

Cans of Heineken Silver are seen on display at a supermarket in Amsterdam, Netherlands, April 20, 2023. REUTERS/Philip Blenkinsop/File photo Acquire Licensing Rights BRUSSELS, Oct 25 (Reuters) – Heineken retained its full-year outlook on Wednesday after the world’s second largest brewer sold less beer in the third quarter but still took in more money due … Read more

Microsoft sales beat estimates as customers prepare for AI rollout

Microsoft sales beat estimates as customers prepare for AI rollout

Smartphone is seen in front of Microsoft logo displayed in this illustration, taken July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 24 (Reuters) – Microsoft (MSFT.O) on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, driven particularly by strength in its cloud-computing and PC businesses. The company’s revenue rose … Read more

AmEx’s third-quarter profit tops estimates on robust spending

AmEx’s third-quarter profit tops estimates on robust spending

The logo of Dow Jones Industrial Average stock market index listed company American Express (AXP) is seen in Los Angeles, California, United States, April 25, 2016. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Oct 20 (Reuters) – Credit card giant American Express (AXP.N) on Friday reported third-quarter profit that beat expectations, helped by resilient spending from … Read more

Profits of US mid-sized banks likely to be squeezed by higher funding costs

Profits of US mid-sized banks likely to be squeezed by higher funding costs

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 19 (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, … Read more

Schindler lifts 2023 outlook on strong services business

Schindler lifts 2023 outlook on strong services business

Logo of Swiss manufacturer Schindler is seen at an elevator in Zurich, Switzerland February 17, 2021. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights Expects 2023 net profit at 880 mln-910 mln francs Expects 2023 revenue growth of 6%-8% Shares seen up 1.4% in Julius Baer pre-market Q3 net profit at 228 mln francs Oct 19 (Reuters) … Read more

Morgan Stanley profit down with lower investment banking revenue, shares tank

Morgan Stanley profit down with lower investment banking revenue, shares tank

[1/2]People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Oct 18 (Reuters) – Morgan Stanley’s (MS.N) third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were also disappointed by smaller inflows to … Read more

Elevance raises 2023 profit forecast on easing fears over medical costs

Elevance raises 2023 profit forecast on easing fears over medical costs

Oct 18 (Reuters) – Health insurer Elevance Health (ELV.N) raised its annual adjusted profit outlook and beat Wall Street estimates for third-quarter profit on Wednesday, on the back of lower-than-expected medical costs, sending shares over 2% higher. Elevance, however, took a nearly $700 million charge due to job cuts and write-offs from some technology assets … 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

UK bus and rail operator FirstGroup raises annual profit outlook

UK bus and rail operator FirstGroup raises annual profit outlook

A Great Western Railway train passes in front of Windsor Castle in Eton, Britain, January 26, 2023. REUTERS/Peter Nicholls Acquire Licensing Rights Oct 11 (Reuters) – British transport operator FirstGroup (FGP.L) on Wednesday forecast fiscal 2024 profit ahead of its prior expectations, partly helped by strong passenger numbers and increased leisure travel during the summer … Read more