Clouds Hang Over Strong Quarter For Banks

Banks may not be finished tightening their belts, with low interest rates likely continuing to squeeze the profitability of lending and trading remaining a volatile source of revenue.

Topics:  banks   
BING NEWS:
  • Block Inc. (SQ): Strong Q1 Performance and Promising Bitcoin Strategy Signal Upbeat Future
    Andrew Harte’s rating is based on a combination of strong financial performance and positive future outlook for Block (SQ). The company’s first-quarter report for fiscal year 2024 showed a ...
    05/2/2024 - 6:00 pm | View Link
  • Block shares jump on better-than-expected first-quarter results
    Block's earnings report comes during a slide in the stock price tied to reports that U.S. prosecutors were probing the company's compliance practices.
    05/2/2024 - 9:17 am | View Link
  • Shell Logs 'Strong' Quarter As Earnings Fall But Top Expectations
    British oil and gas giant Shell announced Thursday that first-quarter earnings fell but beat expectations in a "strong" performance, and unveiled another bumper stock buyback.
    05/2/2024 - 4:21 am | View Link
  • DoorDash slides after posting a high-growth, unprofitable quarter
    DoorDash (DASH) said it generated net cash provided by operating activities of $553M during the quarter and free cash flow of $487M. DoorDash (DASH) expects Q2 Marketplace GOV of $19.0B to $19.4B and ...
    05/1/2024 - 10:23 am | View Link
  • Block expected to post blowout Q1 earnings on back of strong outlook
    Block (NYSE:SQ), the Square and Cash App parent company, is expected to record an increase in both earnings and revenue when it reports first-quarter 2024 results on Wednesday after market close. The ...
    05/1/2024 - 7:26 am | View Link
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