Europe's bank earnings to offer interest rate reality check
By Tommy Wilkes, Tom Sims and Jesús Aguado
US Stock Reports, Quotes and News
By Tommy Wilkes, Tom Sims and Jesús Aguado
Q4 results today: 15 companies, including RIL, will reveal quarterly results. RIL expected to announce dividend. RIL may see revenue growth, EBITDA increase, and net profit drop.
American Express\’s Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company\’s revenue sources expanded, with a focus on attracting high-quality customers despite payment challenges.
Q4 results today: HDFC Bank to release Q4 numbers today with expectations of strong growth. TCS exceeded estimates, Infosys faced challenges in Q4.
HDFC Bank Q4 Results: HDFC Bank\’s profit rose 37.1% YoY to Rs 16,512 crore, with NII growing by 24.5% to Rs 29,077 crore. The bank declared a dividend of Rs 19.5 per share for FY24 and reported an improved GNPA at 1.24%.
RIL Q4 Preview: On an average, four brokerages anticipate a year-on-year growth in fourth-quarter revenue from operations of up to 12%.
HDFC Bank\’s Q4 net profit reached ₹16,510 crore, full-year at ₹60,810 crore, up 38%. Challenges post-merger affect expenses, asset quality, and loan mix strategy. Deposit mobilization efforts continue amid slow credit disbursements.
But hope is on the horizon. Profits for the Mag Seven – which also includes Apple, Amazon.com and Nvidia – are forecast to rise 38% in the first quarter from a year ago, dwarfing the overall S&P 500\’s 2.4% anticipated year-over-year earnings growth, according to Bloomberg Intelligence data.
Sterling & Wilson Renewable Energy Limited (SWREL) has posted a net profit of Rs 1.40 crore during the quarter ended March 2024 on account of increased income.
RIL Q4 results today: Reliance Industries to announce Q4 results with expected revenue growth. Analysts predict strong retail and telecom segment performance. Stock consolidating pre-earnings, may rally with positive results, reaching Rs 3,070.
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.
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