A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesGermany's Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update.Net...
Dutch lender ABN Amro on Wednesday reported a third-quarter net profit well above market expectations, boosted by higher interest rates and growing loan books.ABN Amro, one of three dominant banks in the Netherlands, posted a 2% rise in quarterly net profit to 759 million euros ($811 million), compared with...
French bank Societe Generale reported second quarter results for 2023.Chesnot | Getty Images News | Getty ImagesSociete Generale, France's third-biggest listed bank, posted better-than-expected quarterly earnings onFriday, as a resilient performance from its investment bank offset the steep downturn seen at its French retail division.SocGen's third-quarter reported group net...
A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023.Hollie Adams | Bloomberg | Getty ImagesBT Group, Britain's biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a...
.Logo of ING Bank.Michel Porro | Getty ImagesING Groep, the largest Dutch bank, on Thursday announced its second share buyback programme of the year, of up to 2.5 billion euros ($2.65 billion), following third-quarter net profits that more than doubled from the previous year.The bank, which serves more than...
American skateboarding footwear company brand Vans store seen in Hong Kong.Budrul | LightRocket | Getty ImagesVF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United States.Shares were down 4%...
A Chevron gas station on December 05, 2022 in Houston, Texas.Brandon Bell | Getty ImagesChevron posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its share price down in premarket trading.Oil company earnings have slumped from record year-ago levels as crude prices eased and...
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020.Andrew Harrer | Bloomberg | Getty ImagesExxon Mobil on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the...
Preparations at the Mercedes-Benz booth with the Mercedes-Benz Vision EQXX automobile ahead of the Munich Motor Show (IAA) in Munich, Germany, on Sunday, Sept. 3, 2023. The biennial motor show, one of Europe's most important automotive events, opens on Tuesday, Sept. 5, with the future of the car industry...
TotalEnergies CEO Patrick Pouyanne said the company had allocated nearly one-third of its capital expenditure to low-carbon technologies, with the remainder spent on oil and gas.Picture Alliance | Picture Alliance | Getty ImagesTotalEnergies on Thursday posted a 35% fall in third quarter adjusted net income from last year's record...