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HDFC Bank net profit misses estimates on higher provisions

Reuters India 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.
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News video: Morgan Stanley Tops Profit Estimates

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(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...

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