HSBC is scheduled to report third-quarter earnings today. Here's what to expect
The London-headquartered bank is scheduled to release its financial report card for the July-to-September quarter on Tuesday at 12 p.m. HK/SIN.
Provisions for expected credit losses at the bank are forecast to increase by $2.02 billion in the quarter, the estimates showed.While signs of recovery may not be "very robust" right now, the bank's prospects could start to improve from here if Covid-19 cases around the world don't get much worse, said Jackson Wong, asset management director at Amber Hill Capital.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 things to know before the stock market opens MondayIt's a busy week ahead on Wall Street with about a third of the S&P 500 companies reporting earnings and the government releasing its first look at third-quarter GDP.
Read more »
Why 2016 tells us the election’s ‘biggest surprise’ will bring a great 2021 for investors, strategist saysThe election's biggest surprise, near-term market weakness, will bring a “high quality buying opportunity” setting up for a positive 2021, strategists say.
Read more »
Stock-market investors brace for busiest week of earnings in October’s final hurrahBuckle up! Apple, Facebook and Google parent Alphabet are in the spotlight, as more than a third of S&P 500 members will report earnings this week.
Read more »
Galp swings to third-quarter lossGalp Energia SGPS SA said Monday that it swung to a third-quarter loss as it was hurt by inventory effects and nonrecurring items. The Portuguese energy company said it registered a net loss of 106 million euros ($125.7 million) from a profit of EUR60 million a year earlier partly due to noncash exchange-rate variations on deferred tax positions in Brazil and restructuring expenses.
Read more »
SABIC third-quarter net profit up 47% as sales volumes rise, some impairments reversedSaudi Basic Industries Corp (SABIC) , the world's 4th-biggest petrochemicals firm, reported a 47% rise in third-quarter profit, beating estimates on higher sales and output, but warned it still faces price pressures for some time to come.
Read more »
Australia's Westpac flags $870.4 million hit to second-half cash earningsAustralia's Westpac Banking Corp said on Monday it would take an $870 million hit to cash earnings in the second half, due mostly to write-downs in the value of its life insurance business and the additional costs of a record fine.
Read more »