Tag: season

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
Morgan Stanley reports surge in Q4 profits

Morgan Stanley reports surge in Q4 profits

US banking giant Morgan Stanley has today announced fourth quarter profits surged by 60% - in line with forecasts. The Wall Street bank said net profit came in at $600 million (£375 million) for the final three months of 2010, against a profit of $376 million a year ago. Shares in the bank were up [...]

January 20, 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
US Christmas shopping season kicks off

US Christmas shopping season kicks off

US retailers were hoping for buoyant sales this weekend after the start of the Christmas shopping season. The day after the Thanksgiving national holiday, known as Black Friday, sees stores open overnight and offer heavy discounting. While shopper numbers were up by 2.2% on Black Friday on last year’s numbers, sales were only up by [...]

November 28, 2010 | 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
Setanta has Friday deadline to pay £30m or lose match rights

Setanta has Friday deadline to pay £30m or lose match rights

Irish pay-TV sports broadcaster Setanta has been told to pay £30 million by Friday 19 June or lose its rights to broadcast 46 live football matches next season. The English Premier League has told the struggling broadcaster to meet its financial obligations or it will sell the rights. In a statement, the Premier League said [...]

June 15, 2009 | 0 Comments More