Latest News for: Net banks

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Saba Capital Reaches Agreements With Three Eaton Vance Closed-End Funds

Enid News & Eagle 13 May 2021
Saba is a spin-out of a proprietary investing group founded by Boaz Weinstein at Deutsche Bank in 1998 ... Saba’s investors are predominantly institutions and include public and corporate pension plans, endowments and foundations, family offices, banks and insurers, bank private wealth platforms, fund of funds and certain high net worth individuals.
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ALJ Regional Holdings, Inc. Announces Earnings For The Second Quarter Ended March 31, 2021

Finger Lakes Times 13 May 2021
Consolidated Results for ALJALJ recognized consolidated net revenue of $114.6 million for the three months ended March 31, 2021, an increase of $29.1 million, or 34.1%, compared to $85.5 million for the three months ended March 31, 2020 ... ALJ recognized consolidated net revenue of $111.1 million for the three months ended December 31, 2020 ... Net loss.
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Germany's Commerzbank posts Q1 net profit, raises outlook

China.dot.org 12 May 2021
dollars), the bank's Q1 net profit was 133 million euros, while for the same period last year it reported a net loss of 291 million euros, it said in a statement ... The bank said that the rise ... The bank said last Friday that it had struck a deal with employees on a job reduction plan.
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FIIs raise bearish bets on index futures to 6-month high

The Times of India 12 May 2021
The market could turn more volatile than usual at Wednesday’s weekly options expiry with foreign institutional investors (FIIs) raising bearish bets on Nifty and Bank Nifty futures to a level last seen six months ago ... That time FIIs net shorted 25,396 contracts cumulatively.
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Commerzbank surprises with strong profit as CEO unveils radical turnaround plan

Business Day 12 May 2021
Revenue soared 35% in the first quarter after the bank joined peers in profiting from strong trading and investment banking conditions ... The bank benefited from an increase in net commission income in the quarter, while a €126m benefit from the European Central Bank’s targeted longer-term loan programme helped offset pressure on net interest income.
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Commerzbank delivers upbeat outlook after swing to profit

Metro USA 12 May 2021
Commerzbank on Wednesday posted a net profit of 133 million euros in the three months to March 31, against a loss of 291 million euros a year earlier ... The better than expected performance was largely attributable to net commission income from securities trading, a trend that has also helped other banks in the first quarter.
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China banks' profit falters, lenders sucked in bad debt

Beijing News 12 May 2021
Nikkei Asia reported that this year was expected to mark the start of a multiyear recovery at China's commercial banks, after their combined net profit fell 2.7 per cent in 2020, the first decline in a decade ... In the first quarter, commercial banks' net profit grew 1.5 per cent year on year, well below the 5 per cent analysts' consensus.
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Top investor Bay Tree cuts stake in Yes Bank by 28%

Live Mint 12 May 2021
Private equity firm Bay Tree India Holdings has sold a 2.1% stake in India’s Yes Bank, reducing its holding by 28% ... It’s now the second-largest single shareholder after State Bank of India ... Yes Bank posted a net loss in the March quarter after net interest margins missed the average analyst estimate ... Premium Inside HDFC Bank’s digital stumble.
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Oak Ridge Financial has sharp increase in first-quarter profit

Winston-Salem Journal 12 May 2021
reported Monday having $2.05 million in net income ... By comparison, the bank had $172,000 in net income a year ago ... It has a bottom-line effect on a bank’s profitability.
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ABN AMRO to recalibrate buybacks, posts small loss

Market Watch 12 May 2021
ABN AMRO Bank NV on Wednesday reported a modest net loss for the first quarter of the year, as previously flagged, after booking a 480 million euro ($583.2 million) charge in its accounts related to a settlement with the Dutch Public Prosecution ...
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Commerzbank trades its way to surprise Q1 profit as raises outlook

Metro USA 12 May 2021
Shares in Germany’s second biggest bank rose 7% after the better-than-expected performance, which Commerzbank said was largely attributable to net commission income from securities trading, a rebound that has also helped other banks. Commerzbank posted a net profit of 133 ...
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ABN Amro reports net loss as hefty money laundering fine weighs

The Times of India 12 May 2021
Dutch bank ABN Amro reported on Wednesday a net loss of 54 million euros ($66 million) over the first three months of 2021, as a hefty fine for money laundering outweighed the positive impact of economic recovery in the Netherlands ... This increase was only partly offset by cost saving programmes, the bank said.
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Check-Cap Reports First Quarter 2021 Financial Results and Corporate Update

The Record 12 May 2021
Cash and cash equivalents, restricted cash and short-term bank deposits as of March 31, 2021 were $34.0 million ... Net loss was $3.6 million for the three months ended March 31, 2021, compared to $3.4 million for the same period in 2020 ... Short-term bank deposit ... Property and equipment, net ... Research and development expenses, net ... Finance loss, net.
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Business in Brief: 05/12/2021

Traverse City Record-Eagle 12 May 2021
Sponsors of the event include Blue Cross Blue Shield of Michigan and Boyne Resorts.Fifth Third Bank honors 5/3 babies ... Independent Bank also reported first quarter 2021 net income of $22 million ($1.00 per diluted share) versus net income of $4.8 million (21 cents per diluted share). A Deposit net growth of $221.2 million was also reported.
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Commerzbank swings to Q1 net profit, beating expectations

RTE 12 May 2021
The bank also said its outlook for revenues in 2021 was rosier than it had earlier anticipated. Commerzbank today posted a net profit of ... Analysts had expected a net loss of €131m.
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