TAG: Bank
Lloyds banking on higher annual profits for FY 2023
Lloyds banking on higher annual profits for FY 2023 Lloyds Banking Group is set to announce higher annual profits for 2023 when it reports full-year results on February 22. According to Reuters Eikon analysts forecast a pretax profit of £7.686 billio...
7 months ago
Lloyds Bank invests in Fintech and nature restoration but are its shares worth buying?
Lloyds Bank invests in Fintech and nature restoration but are its shares worth buying? Lloyds Banking Group, one of the largest retail and commercial banks in the UK, has recently made several investments aimed at improving financial wellbeing and su...
6 months ago
Beat the street: US investors cautious after mixed bank results, inflation
JPMorgan interest income falls short. Wells Fargo reports better-than-expected Q1 profit. Citigroup’s profit drops as costs rise. (AI Video Summary) US banks earnings season kicks off In today's edition of "Beat the street," IGTV financial analysts An...
6 months ago
Asia Day Ahead: Hang Seng Index fumbled at trendline resistance
Asia Open Markets across the region were locked in a risk-off mode to start the new week, with Nikkei -1.51%, ASX -0.50% and KOSPI -1.10% at the time of writing. At a time when market participants were still trying to wrap their heads around how far Feder...
6 months ago
Beat the street: Goldman Sachs profit beat; hotter-than-expected US retail sales; Middle East tensions
(AI Video Summary) Impacts of Middle Eastern tension on trading In today's edition of "Beat the street", Angeline Ong highlights calm investor sentiments despite Iran-Israel tensions, with focus on Goldman Sachs' 28% profit surge in Q1, driven by underwri...
6 months ago
Week ahead: Meta; Microsoft; Alphabet; Tesla; SAP; Bank of Japan; US GDP
Plus, the titans of the earnings week including Meta, Microsoft, Alphabet, Tesla. Software giant SAP’s numbers could shed some light on the health of corporate Europe. (AI Video Summary) Geopolitical tensions impacting volatility outlooks The financia...
5 months ago
Bank of Japan (BoJ) preview: Fresh outlook report to take centre stage
Previous March meeting marked a historic policy shift The BoJ is set to hold their monetary meeting across 25 – 26 April 2024. At the previous meeting, the BoJ raised its key short-term interest rate from -0.1% to a range of 0% - 0.1% for the first time i...
5 months ago
UK banks brace for lower profits after 2023 success
Slowdown in earnings expected The UK's biggest high street banks are set to report lower profits for the first quarter (Q1) of 2024, after a bumper 2023 which saw earnings peak as borrowing costs soared. Lloyds, Barclays and NatWest will be updating...
5 months ago
Week ahead: Reserve Bank Australia; Bank of England; BP; Walt Disney; BMW
BMW reports earnings after announcing it will invest $2.76 billion in its Shenyang production base in China. Plus, look out for Walt Disney’s earnings. (AI Video Summary) Notable economic index data Angelie Ong previews significant financial events an...
5 months ago
All eyes on NFP
April non-farm payroll figures After a solid report in March, April non-farm payroll figures should again point to the labour market remaining tight, with a strong pace of job growth set to be coupled with cooling earnings pressures and historically low u...
5 months ago
Bank of England rate decision: a finely balanced call
The Bank of England's (BoE) upcoming meeting on 1 August presents a challenging decision for policymakers. With inflation at the 2% target but services inflation remaining stubbornly high, the Monetary Policy Committee (MPC) faces a delicate balancing...
2 months ago
Asia Day Ahead: Bank of Japan meeting in focus, Nikkei 225 on watch
Asia Open The Asian session looks set for a weak start, with Nikkei -1.14%, ASX +0.26% and KOSPI -0.15%. This follows after a mixed handover in Wall Street, which saw further unwinding in big tech as sky-high earnings expectations are met with some doubts...
2 months ago
India’s shortage of deposits has a taste of China’s past
A shortage of deposits is starting to unnerve India’s bankers and policymakers. The lenders’ worry is more understandable than the authorities’.Taking a leaf from a two-decade-old Chinese playbook, the central bank is reining in money growth to tame infla...
1 month ago
European indices: DAX and FTSE cautious ahead of UK inflation data and BoE decision
European markets begin week with uncertainty European equities began the new week with mixed results overnight. The DAX 40 slipped by 0.4%, reflecting a cautious sentiment across Europe following last week’s impressive 2% rally. Meanwhile, the FTSE 100 cl...
4 weeks ago