Tag: reporting

JP Morgan profits up 13%

JP Morgan profits up 13%

The US banking reporting season has got off to a good start today after JP Morgan reported a 13% increase in profits to $5.4 billion (£3.3 billion) – exceeding analysts’ expectations. Furthermore, revenues were 7% higher in the three months to the end of June at $27.4 billion. The good performance comes despite losses from [...]

July 14, 2011 | 0 Comments More
Goldman shares fall on Q4 profits announcement

Goldman shares fall on Q4 profits announcement

US banking giant Goldman Sachs has today reported a $2.39 billion (£1.49 billion) profit for the fourth quarter, 53% lower compared with a year ago. However, the figures were roughly in line with expectations but shares still fell 3.1% to $169.22 in pre-market trading. The fourth quarter figures come at the end of a difficult [...]

January 19, 2011 | 0 Comments More
JPMorgan reports 47% rise in earnings

JPMorgan reports 47% rise in earnings

The reporting season for US banks has got off to a flying start after JPMorgan announced income surged 47% in the fourth quarter. Fourth-quarter profit increased to $4.8 billion, or $1.12 a share, from $3.3 billion, or 74 cents a share, compared with the year ago period. Analysts expected $1 a share. Meanwhile, revenue grew [...]

January 16, 2011 | 0 Comments More
JP Morgan announces Q3 results

JP Morgan announces Q3 results

Wall Street banking giant JPMorgan has kicked off the banking reporting season by announcing a 23% increase in profits for the third quarter - better than the markets had expected. The bank said net profit came in at $4.4 billion (£2.8 billion), against a profit of $3.6 billion in the same period a year earlier. [...]

October 14, 2010 | 0 Comments More
HSBC kicks off banking reporting season with doubling of profits

HSBC kicks off banking reporting season with doubling of profits

The UK’s banking reporting season has got off to a flying start today after banking giant HSBC reported profits more than doubled, exceeding analysts expectations. Europe’s largest bank has today announced a pre-tax profit of $11.1 billion (£7 billion) for the six months to the end of June, compared with $5 billion in the same [...]

August 2, 2010 | 0 Comments More
Banking results season kicks off this week

Banking results season kicks off this week

British banks will unveil their first-half profits this week with the five biggest banks expected to reveal they are back in the black. Banking giant HSBC will kick off the reporting season tomorrow, with Lloyds Banking Group and Standard Chartered announcing their results on Wednesday, Barclays on Thursday and Royal Bank of Scotland (RBS) on [...]

August 1, 2010 | 0 Comments More
FSA fines Barclays £2.45m for reporting failures

FSA fines Barclays £2.45m for reporting failures

The Financial Services Authority (FSA) has fined banking giant Barclays £2.45 million for reporting flaws. However, by agreeing to settle at an early stage, Britain’s second largest bank qualified for a 30% discount. According to the City watchdog, Barclays failed to report details of trade transactions accurately and was guilty of “serious” breaches in systems [...]

September 8, 2009 | 0 Comments More