Latest news with #tradingincome
Reuters
13-05-2025
- Business
- Reuters
Top Australian bank CBA's third-quarter cash profit rises, margin stable
May 14 (Reuters) - Commonwealth Bank of Australia ( opens new tab reported a rise in third-quarter cash earnings on Wednesday, helped by growth in lending volumes and higher trading income. The bank's interest income grew 1% during the period. CBA said its net interest margin for the quarter was stable, excluding non-recurring earnings. It did not give a margin figure in the limited trading update. Cash net profit after tax for the country's biggest lender was about A$2.6 billion ($1.68 billion) during the three months ended March 31, compared with A$2.4 billion a year earlier. ($1 = 1.5458 Australian dollars)
Reuters
06-05-2025
- Business
- Reuters
Italy's Intesa beats forecast with 13.6% profit rise on fees, trading
MILAN, May 6 (Reuters) - Italy's biggest bank Intesa Sanpaolo ( opens new tab confirmed its outlook for the year after posting a bigger-than-expected 13.6% yearly rise in first quarter profit thanks to rising fee and trading income. That was more than enough to offset an 8% decline in the net interest margin resulting from a shrinking gap between lending and deposit rates. here. Intesa said net profit for the three months through March totalled 2.6 billion euros ($2.9 billion), above an analyst consensus forecast compiled by Reuters of 2.4 billion euros. Revenues totalled 6.8 billion euros, fractionally ahead of expectations and the previous year's figure. Countering the drag from lower interest rates, net fees rose 7% year-on-year with brokerage fees in particular up by more than one fifth. Trading income tripled from a year before in volatile markets to 265 million euros. Intesa, which just handed long-standing Chief Executive Carlo Messina another three-year term at the helm, confirmed a forecast of 2025 net profit well above 9 billion euros. ($1 = 0.8838 euros)
