Can americas Banking Giants back their sky high share prices with sky high profits . Plus, scooter boys beware why your Takeaway Food could soon be arriving by robot. Im aaron heslehurst. Welcome to World Business report. Lots going on. If you give me about eight minutes i will give you a snapshot of all the latest in the world of his ascent of money. World of his ascent of money. World of his ascent of money. World of business. Also coming up, more surprises from President Trump as he eases Trade Tensions with china. We start on wall street, where its a hugely important day for investors. Now we know the share prices of banks have soared in the months following President Trumps election, led by americas biggest banks, which are up by almost 25 . But in recent weeks doubts have been creeping in, rattling the markets. Today we get First Quarter results from the biggest us bank, jp morgan chase, and later from its rival citigroup. Theyre the first of a barrage of reports from americas bi
And well be getting The Inside Track on the key to success in china. The founder of uk high street stalwart timpsons will be here to explain why hes expanding his key cutting and shoe repair business overseas, and why brexit was the right thing to do. Today, as burger king launches a new ad that hijacked googles home assistant, we want to know do adverts need to be more creative to get your attention these days . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Welcome to the programme. We start on wall street, where its a hugely important day for investors. Foul for our pensions now, we know the share prices of banks have soared in the months following President Trumps election, led by americas biggest banks, which are up by almost 25 . But in recent weeks, doubts have been creeping in, rattling the markets. Let me show you what we have put together. Today we get First Quarter results from the biggest us bank, jpmorgan chase, and later from its rival c
HDFC Bank, India s largest private sector lender, anticipates a 4-5 year period of consolidation following its merger with parent company HDFC in July 2023. The bank aims to restore return on equity to pre-merger levels, with a focus on profitable growth. Concerns were raised after the bank s recent quarterly earnings showed a decline in lending margins and sluggish deposit growth.
although revenues slipped by 2 percent year on year net income also declined even though the bank still posted solid profits of 2200000000 dollars for the 3 month period j.p. morgan chase said revenue in its retail bank division surged by 11 percent but investors were concerned about slower loan growth tighter lending margins and soft capital market results net income still exceeded 9200000000 well ahead of expectations. the bank s c.e.o. jamie dimon said positive momentum in the u.s. economy was helping the banking sector but he pointed to geo political uncertainties as a reason for the dips and the banks market driven business. the results are broadly in line with the robust growth the u.s. economy continues to enjoy at the end of july it would have grown for 121 consecutive months the longest hot streak since records began in 854.