HDFC Bank net profit misses estimates on higher provisions
Saturday, 21 July 2018 HDFC Bank Ltd posted a 18.2 percent rise in first-quarter net profit but missed analysts' estimates as the lender chose to include all mark-to-market losses in the first quarter, leading to higher provisions.
(Reuters) - Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by gains in its fixed income and equities trading businesses, sending its shares up 3.3 percent. Net revenue from the bank’s sales and trading business rose 18 percent to $3.76 billion, with fixed...
Deutsche Bank's bleak third quarter results and revenue forecast overshadowed its assertion on Wednesday that it is on track to return to profit this year, knocking its shares. As Francis Maguire, in..