(Reuters) – Ameriprise Financial reported a rise in fourth-quarter adjusted profit on Wednesday, as the financial adviser benefited from higher fees and assets under management. Increasing expectations about a soft…
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…
By Nell Mackenzie LONDON (Reuters) – Global hedge funds sold financial stocks for a 10th week running in the week ending Dec. 8 and now have the lowest exposure to…
NEW YORK (Reuters) – Global hedge funds sold more than bought equities for a third consecutive week last week, dumping shares mainly in consumer staples and financials, a BofA Securities…
(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…
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 –…
(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.…
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…
(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…
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.…
(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.…
(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…
(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…
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…
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…
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…