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...It recorded a net loss of almost $91mn in 2023....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...“All of that then leads you to a view of net zero happening later,” Grant Dougans, a partner at Bain, told Energy Source....
...And net-net the winners are not the gamblers but the casino....
...Having Blizzard game licences in its portfolio is not just about the boost to its net income. Crucially it gives NetEase an edge over Tencent, its biggest local rival....
...Those figures, as well as adjusted net income of $1.47bn, all beat the expectations of analysts polled by Bloomberg....
...Citi reported net income of $3.4bn in the quarter, down 25 per cent from a year ago but better than the $2.3bn that analysts had forecast....
...The latter, whose core customers are lower income Americans living in rural areas, eked out a 0.7 per cent rise in same-store sales but suffered a 39 per cent drop in net income during the fourth quarter...
...But even without their net inflows of $11bn in the three months to the end of March, active ETFs as a whole still attracted record amounts of investor money....
...“No matter the company’s attempt to switch focus from subscribers to financials, net [subscriber] adds is the key metric everyone wants to see,” he said....
Cryptocurrency down 16% from its peak as net fund flows turn negative
...SAP’s announcement “does go to show this is not a net job loss; it’s more of a reskilling”, said TD Cowen analyst Derrick Wood....
...Forty-nine per cent of the ETFs that reduced fees in 2022 experienced increased net flows in 2023, Ignites Europe analysis of Morningstar data finds....
...Lex calculations suggest the programme could have accounted for as much as 70 per cent of Delta’s net income in 2023....
...In the first three quarters of the year, net losses reached $390.5mn, nearly three times the size of the equivalent loss the previous year....
...Across all BlackRock entities, US CITs had more than $1tn in total net assets as of September 30 2023, Morningstar data shows....
...Despite the brighter outlook for net interest income, on average across the six banks analysts are anticipating net income for the first three months of 2024 will fall about 14 per cent, according to consensus...
...Shah criticised Novavax in his letter for only generating around $25mn in net commercial US sales from its Covid-19 jab during the winter season, despite spending $300mn on a sales and marketing push....
...WhatsApp to Stephen: I know he wants to show the company is forward thinking but it wasn’t forward thinking enough to stave off net outflows from their funds and a fall in profits....
...IBIT’s total assets now sit at around $12.7bn, a combination of bitcoin’s appreciation and more than $7bn in net inflows....
...A high management score for an individual company doesn’t necessarily mean it will be more aligned with a net zero target....
...Banks could be at risk too; lower rates would pinch net interest margins, already at record lows, without doing much to curb the pipeline of bad property loans....
...BYD’s annual results, published after markets closed in China on Tuesday, follow a more than 400 per cent jump in annual net profit in 2022....
...Attorney-general Merrick Garland noted that Apple’s net income — which was $97bn in 2023 — “exceeds the GDP of more than 100 countries”, in large part because of the success of the iPhone....
...Last year it set out plans to diversify its reserves away from US Treasuries by spending up to 15 per cent of its net operating profits buying bitcoin....
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