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...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....
...BlackRock’s iShares arm topped the quarterly flows league with €14.1bn of net sales, ahead of DWS’s Xtrackers business and Amundi, which respectively attracted €8bn and €5bn of net new money....
...“All of that then leads you to a view of net zero happening later,” Grant Dougans, a partner at Bain, told Energy Source....
...It booked net income of ¥166bn, compared with ¥93bn in its last financial year....
...Bloomberg in 2021 estimated his net worth at more than $1bn. Handler started his career at Jefferies 34 years ago as a trader, and became chief executive in 2001....
...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....
...Full uptake of biosimilars would lose PBMs 84 per cent of the $2.1bn in net profits they were making from Humira, it estimated....
...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...
...High net worth investors who can buy without debt have powered the bulk of recent transactions — although they are generally limited to smaller deals....
...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....
...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....
...And net-net the winners are not the gamblers but the casino....
...In today’s newsletter: ‘Arb-ageddon’ at VMware Special conflict, special interest The next big luxury IPO A Broadcom mega-deal blindsides Wall Street Broadcom chief executive Hock Tan may earn the title...
...In the year to February, it generated net sales of $1.7bn and pre-tax profit of $131.6mn....
...(One caveat for would-be merger arb traders: Brigade and Arkhouse reportedly floated the possibility of raising their offer price after due diligence, so some probability of that should be reflected in Macy...
...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....
...His quant trading firm Susquehanna International Group owns roughly 15 per cent of the company, and the stake represents a significant chunk of his net worth....
Cryptocurrency down 16% from its peak as net fund flows turn negative
...Both of these fields are likely to be test cases for the ease of developing new oil and gas assets in the UK despite pressure to reduce carbon emissions in line with the country’s net zero commitment....
...Net income was $23.7bn, up 57 per cent from $15.1bn in the same period a year earlier, beating analysts’ consensus of $19.1bn....
...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....
...Across all BlackRock entities, US CITs had more than $1tn in total net assets as of September 30 2023, Morningstar data shows....
...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....
...Social network giant Meta doubles net income and watches as its share price slides more than 12 per cent....
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