Russian banking giant Sberbank has reported its financial results for January 2012, in line with its own internal methodology. Net interest income rose by an impressive 27.8% year-on-year, with net fee and commission income up by 16%. Operating income, before provisions are accounted for, increased by 13.9% compared to the corresponding period last year. Provisions [...]
Lazard Ltd has reported its financial results for the full-year and fourth quarter of 2011, including quarterly net income of $1.4m, equating to $0.01 per diluted share. This compares to a rather healthier profit of $104m ($0.76 per diluted share) in the corresponding period last year, and the $52.9m ($0.39 per diluted share) of Q3 [...]
Swiss bank UBS has reported its full-year financial results for 2011, including annual pre-tax profits of CHF5.5bn. The firm also reported a net profit attributable to shareholders of CHF4.2bn, equating to CHF1.10 per share. This is markedly down on 2010, however, when the bank made an annual net income of CHF7.2bn. The bank has cut [...]
Dubai Islamic Bank (DIB) has reported its financial results for the year ending 31 December 2011. Annual net profits came to AED1.01bn, compared to AED806m in 2010, and the firm reported an annual operating profit of AED1.03bn. Total assets at the year’s end amounted to AED90.59bn, a moderate increase on the AED89.8bn at the end [...]
Blackstone has reported its financial results for the quarter and year ended 31 December 2011. The firm stated that it made an annual net income of $1.4bn, flat compared to that of the previous year. Quarterly net income was $450m, down from the $513m it made during the corresponding period last year. The firm also [...]
Indian banking giant ICICI Bank has reported its financial results for the quarter and nine months ended 31 December 2011. In the 9M period the bank reported a 29% year-on-year increase in consolidated profit after tax of US$1.1bn, up from US$852m. Stand-alone profit after tax during the 9M period rose by 23% from US$696m to [...]
Brazilian bank Bradesco has reported its financial results for the fourth quarter and full-year 2011, including annual adjusted net income of R$11.2bn. This is a 14.2% rise on the R$9.8bn the firm made in the previous year. It continues the rise in net income that was evident earlier in the year, but at a lower [...]
Deutsche Bank has reported its preliminary and unaudited financial results for 2011 and the fourth quarter of that year. The German banking giant made quarterly net income of €186m, down significantly from the €605m of the corresponding period last year and the €777m of Q3 2011. Annual net income was €4.3bn, almost twice the €2.3bn [...]
Nomura Holdings, Inc. has reported its financial results for the third quarter of its fiscal year, including pre-tax income of 34.5bn yen and net income attributable to Nomura shareholders of 17.8bn yen. This compares favourably to the corresponding period last year when the firm made pre-tax income of 27.8bn yen and net income of 13.4bn [...]
Spanish banking giant Banco Santander has reported its annual financial results for 2011, including net profits of €5.35bn. This is a 35% decline from the €8.2bn of 2010, and comes following extraordinary provisions of €3.18bn. If the bank had not made pre-tax provisions in Q4 against Spanish property exposure annual profits would have come to [...]
Aozora Bank, Ltd. has reported its financial results for the first nine months of its fiscal year. Aozora reported that in the first three-quarters of the financial year it generated consolidated net income of 31.7bn yen and net revenue of 59.5bn yen. These figures represent 70% and 73% respectively of the annual targets, which were [...]
Canadian Western Bank (CWB) has reported its quarterly and annual financial results, in accordance with International Financial Reporting Standards (IFRS). The Canadian Institute of Chartered Accountants has transitioned Canadian generally accepted accounting principles (GAAP) to IFRS (for publicly accountable entities), meaning that CWB’s consolidated financial statements for the 2012 fiscal year will be made in [...]
Piper Jaffray Companies has announced that in the fourth quarter of 2011 it made a non-GAAP net income of $2.1m, equating to $0.11 per diluted common share. On a GAAP basis, the quarter saw a net loss of $116.4m ($7.38 per diluted common share), due to the non-GAAP figures excluding a $118.4m after-tax goodwill impairment [...]
KeyCorp has reported that in the fourth quarter of 2011 it made a net income of $201m, equating to $0.21 per common share. This is down from the corresponding period last year, when the firm recorded net income of $292m ($0.33 per common share), and down by a smaller margin from Q3 2011 when it [...]
SunTrust Banks, Inc. has reported quarterly net income of $152m, equating to $0.28 per average common share, in Q4 2011. This is significantly better than the $114m ($0.23 per average common share) of the corresponding period last year, but is down on the $211m ($0.39 per average common share) of Q3 2011. On an annual [...]
Bank of America Corporation has reported that in the fourth quarter of 2011 it made a net income of $2bn, equating to $0.15 per diluted share. This is a return to the black from the corresponding quarter last year when the firm incurred a loss of $1.2bn ($0.16 per diluted share). However, the quarterly profit [...]
The Bank of New York Mellon Corporation (BNY Mellon) has reported its results for the fourth quarter of 2011, including net income applicable to common shareholders of $505m, equating to $0.42 per common share. This is less than the $679m ($0.54 per common share) the firm made in the corresponding period last year, and the [...]
US Bancorp has reported its latest financial results, including quarterly net income of $1.35bn, equating to $0.69 per diluted common share. This is substantially better than the corresponding period last year when the firm made $974m in net profits, or $0.49 per diluted common share. The fourth quarter of 2011 also saw net revenue rise [...]
The Goldman Sachs Group, Inc.has reported its financial results for the full-year and fourth quarter of 2011. The firm reported annual net revenues of $28.8bn, with net earnings of $4.44bn and diluted earnings per common share of $4.51. Revenues were down from $39.16bn of 2010, and net profits and diluted earnings per share also fell, [...]
Russian banking giant Sberbank has reported its financial results for 2011, in line with the institution’s own internal methodology. Year-on-year net interest income increased by 15.5%, with net fee and commission income up by 8.4% on the same basis. Before provisions are taken into account operating income rose by 14.1%, and was one and a [...]
