US Stock Reports, Quotes and News
IDFC First Bank, led by V Vaidyanathan, plans to raise capital in FY25 to support growth. The bank\’s strong market performance, deposit growth, and focus on loan quality position it for continued success in the financial sector. Vaidyanathan also says that he expects income to grow faster than and by a meaningful number and maybe by 400-500 basis points. That will open up the jaw of profitability.
IDFC First Bank Q4 Results: IDFC First Bank announced a net profit of Rs 724.35 crore for the quarter ending on March 31, marking a decrease from Rs 802.62 crore reported in the corresponding period last year. In the January-March quarter, IDFC First Bank recorded an interest income of Rs 8,219.21 crore, showing an increase from Rs 6,424.35 crore reported in the same period a year ago. This signifies a 28% rise on a year-on-year basis.
BIRMINGHAM – Regions Financial Corp. (NYSE:RF) today reported lower earnings for the first quarter ended March 31, 2024, with net income available to common shareholders at $343 million and earnings per diluted share of $0.37.
First Industrial Realty Trust (NYSE: NYSE:FR), a leading player in the industrial real estate sector, has reported a strong performance in the first quarter of 2024. The company has successfully signed two major development leases and is making notable progress on its 2024 renewals. With a disciplined industrial market, First Industrial Realty Trust has seen a significant cash rental rate increase and is on track to meet its full-year sales guidance. Adjustments to same-store leasing assumptions have been made in light of economic uncertainty. The company has also provided an updated outlook for funds from operations (FFO) and expects solid growth in same-store net operating income (NOI).
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications.
Wells Fargo\’s profit fell 7% in the first quarter as it became more costly to pay customers for deposits and demand from borrowers declined, the bank reported on Friday.