Tag: Fourth quarter results
SRP in brief: round and round
International | Industry
25 Jan 2021 by Amélie Labbe
It’s results time all over again, with some of the major US banks announcing their latest results, and an autocall tracking the performance of major ‘stay at home’ stocks.
BofA structured product sales drop in FY2020
North America | Industry
25 Jan 2021 by Lavanya Nair
US investment firm Bank of America’s sales of structured products via its distribution channels have fallen from US$3.3 billion in the first quarter of 2020 to US$2.1 billion in the fourth quarter
Goldman Sachs revenues soar despite fall in structured products sales
International | Industry
21 Jan 2021 by Lavanya Nair
The US investment bank has reported net revenues of US$44.6 billion and net earnings of US$9.5 billion for the year ended 31 December 2020 with the former being the firm’s highest net revenues in the past 11 years.
Brazil: XP Investimentos challenges Santander’s dominance
Latin America | Industry
18 Mar 2020 by Lavanya Nair & Pablo Conde
Brazilian financial services platform XP has reported a stellar fourth quarter with a Q4 19 net income reaching R$ 390m (US&75m) while its overall net income totalled R$ 1.09 billion, a 134% increase from the previous year.
BBVA Q4 2019: strained credit markets driving investors towards higher leverage
International | Industry
09 Mar 2020 by Lavanya Nair & Pablo Conde
Spain’s BBVA Group has reported a Q4 2019 net interest income of €4.72 billion, up from its Q4 2018 figure of €4.69 billion while its overall net interest income (NII) for 2019 stands at €18.20billion, a 3.5% jump from the previous year.
Mexico: Monex roars ahead as BBVA Bancomer doubles product issuance
Latin America | Industry
05 Mar 2020 by Lavanya Nair and Pablo Conde
2019 was a year of stagnation in terms of growth for the Mexican economy with about 0.1% contraction in the first three quarters. Despite minimal signs of a recovery the structured products market retains its good health with product issuance and sales growing two-fold.
SG’s net banking income declines despite strong 4Q19
International | Industry
27 Feb 2020 by Lavanya Nair & Pablo Conde
The investment bank reported €24.67 billion in annual net banking income for 2019, a 2.1% fall from its 2018 figure of €25.21 billion. The company attributed the decrease to a base effect in the corporate centre, with the stability of businesses’ net banking income.
Crédit Agricole sees record inflows in AM business
International | Industry
25 Feb 2020 by Amélie Labbe
The French bank reported a rise in net revenue for the final quarter and the full-year 2019 of 7.7% and 3.3% respectively, ending the year at €20.4 billion ($22.1 billion). It attributed the rise to strong commercial activity in all of its business lines, including ‘record net inflows’ in its asset management business, Amundi.
Natixis: Q4 was ‘best-ever’ despite 50% drop in structured products sales
International | Industry
20 Feb 2020 by SRP News
The French bank reported ‘very sound’ results in 2019 with the fourth quarter representing its ‘best-ever’ quarter in terms of revenue and gross operating income generated.