by Amruth Sundarkumar | Oct 26, 2022 | Banks
HSBC reported an adjusted pre-tax profit of $6.5bn vs. $5.5bn a last year, and beat estimates of a $6bn results during its Q3 release. Revenues rose 28% YoY to $14.3bn with the benefit of higher interest rates being felt across all of its businesses. The banking major...
by Amruth Sundarkumar | Sep 15, 2022 | Banks, Global
UBS plans to raise its dividend from $0.51/share in the previous year to $0.55/share in the current financial year, a 10% YoY increase. It also expects share buybacks in 2022 to exceed its initial $5bn target. As of September 9, the swiss bank reported that it bought...
by Amruth Sundarkumar | Jul 27, 2022 | Banks, Investment Grade Bonds
Swiss banking major UBS Group posted net profits of $2.1bn in Q2 2022, 1% higher YoY. Despite the slight increase, it fell short of analysts’ expectations of $2.4bn, as per Bloomberg. Revenues stood at $8.9bn, largely flat vs. Q2 2021. Revenues from Global Wealth...
by Amruth Sundarkumar | Feb 3, 2022 | Banks
Banco Santander reported its most profitable quarter in 12 years with attributable and underlying profits of €2.3bn, up 5% YoY. Annually, attributable profit stood at €8.1bn vs. €8.8bn loss in 2020. The strong results were driven by a rebound in economic activity,...
by Amruth Sundarkumar | Jan 28, 2022 | Banks, Singapore Dollar Bonds
Singapore’s DBS has bought Citigroup’s Taiwan consumer banking assets in a move to improve its presence in the Southeast Asia region. DBS said it will pay cash for its net assets along with a premium of S$956mn ($707mn), funded by excess capital. DBS...
