The global banking & payments industry experienced an 82% drop in company filings mentions of COVID-19 in Q1 2024 compared with the previous quarter, with the highest share accounted for by Cholamandalam Investment and Finance with 5000% year-on-year increase, according to GlobalData’s analysis of over 797 banking & payments company filings. GlobalData’s Banking & Payments: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, COVID-19 was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of quantum computing and artificial intelligence, according to GlobalData.
Of the top leading companies in the banking & payments industry, Cholamandalam Investment and Finance had the greatest increase in references for COVID-19 in Q1 2024, compared with the previous quarter. GlobalData identified 51 COVID-19-related sentences in the company's filings - 11% of all sentences - and an increase of 5000% in Q1 2024 compared with Q1 2023. Banco Santander (Brasil)’s mentions of COVID-19 dropped by 27% to 37 and Banco Santander’s by 81% to 28 and NatWest Group’s by 26% to 26 and BBVA’s by 77% to 18.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q1 2024 was 78.
For further understanding of GlobalData's Banking & Payments: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
