Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
ANZ Group Reports A$6.535 Billion Statutory Profit for FY2024 After Suncorp Bank Acquisition
ANZ Group posted A$6.535 billion in statutory profit for the year to September 2024, down 8%, with the Suncorp Bank acquisition adding A$70 billion in net loans.
National Australia Bank Posts AU$7.10 Billion FY2024 Cash Earnings, Down 8.1% as Margin Compression Weighs
NAB reported FY2024 cash earnings of AU$7.10 billion, down 8.1% year-on-year, as net interest margin compressed to 1.71%, revenue fell 2.0% and costs rose 4.5%.
Westpac FY2024 Net Profit Falls 3% to A$6.99 Billion as Margin Compression Weighs
Westpac reported a 3% decline in full-year net profit to A$6.99 billion as its net interest margin fell two basis points to 1.93%, operating costs rose 2%, and return on equity stood at 9.8%.
Intesa Sanpaolo Reports Record €7.2 Billion Nine-Month 2024 Net Income and Confirms Full-Year Guidance
Intesa Sanpaolo posted its best-ever nine-month net income of €7.2 billion, up 17%, and confirmed full-year 2024 guidance above €8.5 billion.
Société Générale Posts €1.37 Billion Q3 2024 Net Income as French NII Surges and Cost Ratio Improves
Société Générale reported Q3 2024 group net income of €1.37 billion with revenues up 10.5%, with French retail net interest income up 43%.
BBVA Posts €7.6 Billion Nine-Month 2024 Profit, Up 28%, as Mexico and Spain Lead
BBVA's net attributable profit rose 27.9% to €7.62 billion in the first nine months of 2024, with Mexico and Spain the largest contributors.
HSBC Holdings Reports $8.5 Billion Q3 2024 Profit as Wealth and Wholesale Divisions Drive Revenue Growth
HSBC lifted third-quarter profit before tax to $8.5 billion, up from $7.7 billion a year earlier, on stronger wealth management and global markets revenues.
NatWest Group Posts GBP 1.172 Billion Q3 2024 Profit as Margin Expansion Lifts Full-Year Guidance
NatWest Group reported attributable profit of GBP 1.172 billion in Q3 2024, up 35% year-on-year, and raised its 2024 income outlook to around GBP 14.4 billion.
Barclays Posts GBP 1.56 Billion Q3 2024 Net Income as Investment Bank Drives 23% Rise
Barclays posted Q3 2024 attributable net income of GBP 1.56 billion, up 23% year-on-year, and raised its full-year guidance for net interest income excluding the investment bank and head office to above GBP 11 billion.
Deutsche Bank reports Q3 2024 profit before tax of €2.3 billion, helped by Postbank provision release
Pre-tax profit rose 31% as the bank released about €440 million of Postbank takeover litigation provisions; net revenues grew 5% to €7.5 billion and the CET1 ratio rose to 13.8%.
Comerica Reports Q3 2024 Net Income of $184 Million, Net Interest Income Tops Expectations as Deposits Grow
Comerica posted Q3 2024 EPS of $1.33 as average deposits grew and NII of $534 million exceeded guidance despite a full-year NII decline forecast.
Regions Financial Reports Q3 2024 Net Income of $446 Million as Net Interest Income Rises 3% Sequentially
Regions Financial posted Q3 2024 net income of $446 million and ROTCE of 16.9% as net interest income climbed $32 million quarter-on-quarter and average deposits held at about $126 billion.