Profit statements

Singapore bank OCBC’s second-quarter profit jumps 28%, optimistic about outlook

A woman walks past an OCBC signage in Singapore March 31, 2022. REUTERS/Caroline Chia Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 3 (Reuters) – Singapore’s second-largest lender, Oversea-Chinese Banking Corp Ltd (OCBC) (OCBC.SI), reported a stronger-than-expected 28% rise in quarterly profit and presented strong outlook as rising interest rates pushed net […]

Lending markets

High-yield bond markets hold back | White & Case srl

High-yield bond markets see issuance slow as borrowers and investors pull back from new deals amid macro headwinds and geopolitical uncertainty High inflation and interest rate hikes in Europe and the United States, coupled with events in Ukraine, weighed on high yield bond activity in the first half of 2022. In Asia-Pacific, another wave of […]

Lending reports

Angel Oak Mortgage (AOMR) Reports Next Week: What’s Next?

Oall Street expects flat earnings from the prior year quarter on higher revenue when Angel Oak Mortgage (AOMR) reports results for the quarter ended June 2022. While this widely known consensus outlook is important to gauge the company’s earnings, a powerful factor that could impact its stock price in the short term is how actual […]

Investment reports

Varonis Systems (VRNS) Reports Second Quarter Breakeven Results

Varonis Systems (VRNS) reported quarterly earnings per share that broke even against the Zacks consensus estimate of a loss of $0.01. That compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents a 100% earnings surprise. A quarter ago, this data management software […]

Profit statements

ITC Q1 net profit up 33.4% to ₹4,462.25cr, revenue up 39%

“The outlook for a favorable monsoon, the recent moderation in major commodity prices bodes well for a sustained economic recovery and a pick-up in consumer spending” “The outlook for a favorable monsoon, the recent moderation in major commodity prices bodes well for a sustained economic recovery and a pick-up in consumer spending” ITC Ltd. on […]

Lending markets

MAREX ACQUIRES ED&F MAN CAPITAL MARKETS

Strengthens the group’s global franchise Expands client offering in clearing, metals, fixed income and equities Creates a leading American franchise and expands its global footprint to dubai and APAC LONDON, August 1, 2022 /PRNewswire/ — Marex Group (“Marex”), the diversified global financial services platform, today announces that it has agreed to acquire ED&F Man Capital […]