Hedge fund shorts on banks and financials reach 4-month peak- Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds kicked off the largest net selling of U.S. financial stocks in 16 weeks just as earning season started in the week ending Jan.…
China’s Zeekr reveals revenue surge in updated financials ahead of US IPO
(Reuters) – China-based Zeekr Intelligent’s revenue nearly doubled in the first nine months of the year, the electric car brand revealed in its updated paperwork filed with the U.S. securities regulator on…
Alstom’s main shareholder CDPQ welcomes action plan to improve group financials
PARIS (Reuters) – Canadian investment group CDPQ, Alstom’s largest shareholder, on Wednesday welcomed the trainmaker’s action plan to improve its financial situation. “Alstom has undertaken a necessary action plan – both operationally…
Prudential Financial’s third-quarter profit boosted by US unit growth
(Reuters) – Prudential Financial reported a rise in third-quarter adjusted profit on Wednesday, as the insurer’s U.S. unit logged strong growth driven by higher net investment spread and lower expenses. The insurer…
Chile’s Codelco to meet obligations as financials deteriorate -JPMorgan
SANTIAGO (Reuters) – Chile’s Codelco, the world’s largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from high levels of debt and investments, JPMorgan…
Birkenstock reveals 21% revenue jump in updated financials ahead of IPO
(Reuters) – German premium footwear maker Birkenstock Holding’s revenue jumped 21% in the nine months ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday. The…
AI mania, financials and energy stocks boost hedge fund gains
NEW YORK (Reuters) – Equity hedge funds ended July with gains of 7.83% so far this year, helped by technology, financials and energy stocks, data provider HFR said on Monday. Equity strategies…
Insurer Prudential Financial’s profit rises on strong gains in U.S. unit
(Reuters) – Prudential Financial on Tuesday reported a 21.5% rise in second-quarter adjusted profit as the insurer’s U.S. unit benefited from a higher net investment spread and more favorable underwriting. Its U.S.…
Regions Financial’s quarterly profit meets estimates on net interest income boost
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income, thanks to a…
PNC Financial’s interest income forecast trim clouds upbeat quarter
(Reuters) – PNC Financial Services Group on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender’s second-quarter earnings beat. Shares of the bank fell nearly…
Brazil’s Americanas rushes to produce new financials, strike deal with debt holders
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side for a bankruptcy…
European junk bond index hits three-month high; financials indices rise
LONDON (Reuters) – The cost of insuring exposure to European junk bonds hit its highest in three months on Wednesday, as shares in banking stocks plummeted following a 20% drop in embattled…
Japanese shares end higher on Wall Street gains, financials weigh
TOKYO (Reuters) – Japanese shares ended higher on Monday, underpinned by Wall Street’s strength in the previous session, with heavyweight technology and energy stocks leading the gains, while a drop in banks…
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