TD Q3 2020 beats forecasts, net income -31% to C$2.2bn
TD Q3 2020 net income beat analyst forecasts but drop by 31% year-over-year to C$2.2bn ($1.67bn). TD’s Canadian retail banking…
RBC Q3 2020 beats forecasts, net profit -2% to C$3.2bn
RBC Q3 2020 net profit of C$3.2bn ($2.43bn) beats analyst forecasts and inches down by just 2% year-over-year despite Covid. In particular, the strong performance is driven by rising earnings…
26 Aug 2020
OCBC Q220 net profit down by 40% to S$730m
OCBC Q220 net profit falls 40% year-over-year to S$730m ($533m) from S$1.22bn in the year ago quarter missing analyst forecasts. For the first half of the current fiscal, OCBC net…
07 Aug 2020
Starling Bank FY2019 losses double but on track to break even
UK digital challenger Starling Bank FY2019 posts a loss after tax of £52m (FY2018: £25m). But in a trading update, Starling Bank says it remains on track to break even…
07 Aug 2020
DBS H120 beats forecasts despite 26% drop in net income
DBS H120 net income drops by 26% to S$2.41bn ($1.77bn) but ahead of analyst forecasts. Total allowances increase five-fold to S$1.94bn as general allowances of S$1.26bn are set aside to…
06 Aug 2020
Metro Bank H120 posts pre-tax loss of £240m
Metro Bank H120 statutory pre-tax loss of £240.6m compares with a profit of £3.4m in the year ago period. In particular, the loss includes the impact of around £109m related…
05 Aug 2020
28 Jul 2020
ING to book goodwill impairment of nearly $350m due to Covid-19 crisis
Dutch lender ING has said that it expects to book nearly €300m ($350m) as impairment on goodwill in its second quarter due to the negative impact Covid-19 pandemic had on…
28 Jul 2020