Bank Results

  • Commerzbank turns profit, focuses on Germany

    Commerzbank turns profit, focuses on Germany

    Commerzbank has outperformed expectations by reporting a net profit in the first quarter of the year — even accounting for a large restructuring charge — as the German lender trims its workforce and sharpens its focus on the domestic market and German clients.

  • Syndicated loans, bonds boost Cred Ag earnings

    Syndicated loans, bonds boost Cred Ag earnings

    Crédit Agricole emphasised high levels of activity in syndicated loans and fixed income, especially among French clients, as it revealed a strong set of quarterly earnings on Friday.

  • Equities, asset finance propel SG earnings

    Equities, asset finance propel SG earnings

    Société Générale posted impressive earnings on Thursday. Like other banks, it had hyperactivity in equities to thank in part for the robust quarter, though the French firm also pointed to a boom in energy, infrastructure and other asset-based financing activities.

  • Machenil fields prime brokerage queries on BNPP call

    Machenil fields prime brokerage queries on BNPP call

    BNP Paribas announced strong quarterly earnings last week, bolstered, like many banks, by activity in equities. But some analysts were more interested in the French firm’s acquisition of Deutsche Bank’s prime brokerage unit, in the wake of the Archegos Capital affair.

  • Barclays almost quadruples ECM revenues

    Barclays almost quadruples ECM revenues

    Barclays announced pre-tax profits of £2.4bn on Friday, beating expectations thanks in part to its best ever quarter in equities, including derivatives and equity capital markets.

  • NatWest beats expectations but markets revenues ‘normalise’

    NatWest beats expectations but markets revenues ‘normalise’

    NatWest Group recorded a loss at its investment bank on Thursday, after climbing down from the dizzying heights of last year’s first quarter profits. The weaker numbers weighed on the performance of the group, but the bank still managed to breeze past market expectations.

  • UBS hit by bigger than expected Archegos loss

    UBS hit by bigger than expected Archegos loss

    The first quarter results for UBS’s investment bank looked much like a repeat of rival Credit Suisse’s earnings last week, with strong underlying performance marred by a loss stemming from former prime brokerage client Archegos Capital.

  • HSBC eyes bolt-on M&A in Asia wealth management

    HSBC eyes bolt-on M&A in Asia wealth management

    HSBC is mulling bolt-on acquisitions in wealth management, primarily in Asia, after capital was freed up by a favourable reassessment of credit losses stemming from the coronavirus pandemic.

  • Mo' money, mo' problems: crises obscure bumper IB haul at CS

    Mo' money, mo' problems: crises obscure bumper IB haul at CS

    Revenues at Credit Suisse’s investment bank are up 80% year-on-year amid a boom in capital markets business, but the fallout from the firm’s dealings with Archegos Capital and Greensill Capital meant that the group reported a net loss of Sfr252m (€476m).

Bank Results News Archive