SocGen, ING and UniCredit Report Strong Q1 Results

SocGen, ING and UniCredit Report Strong Q1 Results

SocGen reported group net profits of €814mn, a sharp increase over 1Q2020 losses of €326mn. The bank’s equities business had its best quarter since 2015, with revenues rebounding 44% QoQ and Fixed Income & Currency saw revenues jump 51% QoQ.  Cost of risk stood at...
NAB Doubles Profit on Recovery

NAB Doubles Profit on Recovery

National Australia Bank (NAB) reported a 144% jump in 1H2021 net profits to A$3.2bn ($2.5bn). Cash earnings rose to A$3.34bn ($2.6bn), up 140% YoY. While net interest margins (NIMs) declines 40b to 1.74%, profits were helped by a credit impairment write-back of...
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