Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside exposure to stocks while cushioning downside risk.
Mastercard on Thursday forecast a weaker-than-expected growth in net revenue for the fourth quarter, signaling a potential moderation in spending volumes as an uncertain economic environment prompts caution among consumers.
Intesa Sanpaolo Chief Executive Carlo Messina is hoping to stay in his role for “many years”, and prevent his bank’s investments in technology from causing any job losses, he said on Thursday.
Lazard on Thursday missed Wall Street estimates for third-quarter profit, as the independent investment bank’s advisory business reeled from a prolonged slump in dealmaking.
Mediobanca posted its best-ever quarterly profit on Thursday, ahead of a key shareholder vote to name the Italian bank’s new board that is likely to hand Chief Executive Alberto Nagel a new three-year mandate.
Bank Leumi said on Thursday it would post a loan loss provision of up to 1.1 billion shekels ($270 million) in the third quarter to protect itself from consequences of Israel’s war with Palestinian Hamas militants.
A Moscow court has upheld a claim by Rosbank to recover damages worth 94.47 million Hong Kong dollars ($12.08 million) from U.S. lender Citi and its affiliate in Hong Kong, Russian court documents showed on Thursday.
BofA Global Research downgraded Barclays to underperform on Thursday, citing uncertainty over the UK bank’s restructuring and near-term risks to capital distributions.
Shares in some of Europe’s biggest banks slid on Thursday after a series of earnings updates underwhelmed investors, who are already concerned profit margins may have peaked just as the region’s economic outlook darkens.
Russia’s No. 2 bank VTB on Thursday reported third-quarter net profit of 86.1 billion roubles ($916 million), an increase on the previous, sanctions-hit year, but a lower return than the first two quarters of 2023.
