reports
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Nadège Tillier
Coffee, Croissants & Credit/Standard Chartered reports strong numbers
Standard Chartered (STANLN) reported solid earnings this morning with upbeat revenues and strong capital metrics. Standard Chartered reported US$1.2bn statutory profit in 1Q18, up by 20% YoY. The improvement was driven by 7% higher operating income, as the income in Transaction Banking, Mortgages, Wealth Management and Deposits grew by 18% YoY. The strong revenue development more than offsets the 5% higher other operating expenses. The bank indicates to be on track to exceed its 4yr US$2.9bn gro...
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Marina Le Blanc
- Nadège Tillier
- Suvi Platerink Kosonen
Coffee, Croissants & Credit/Standard Chartered improves profitability
Standard Chartered (STANLN) saw a significant improvement of its profitability in 2017. The numbers were, however, slightly below market estimates. Operating income improved by 3% to US$14.3bn. Operating expenses were up slightly, by 2%, largely driven by variable pay. Looking at non-performing loans, while we saw an overall gross YoY decline from US$9.7bn to US$8.7bn, in the ongoing business portfolio non-performing loans increased from US$5.9bn in FY16 to US$6.5bn in FY17 due to exposures in C...
- Carine Maciol
Bank : MREL / SNP: clearer visibility
The European harmonisation of the creditor hierarchy, implemented in December 2017, gives all European banks an opening into the senior non-preferred debt market. - This was timely as the MREL becomes binding this year for Europe’s biggest banks and its application will be mandatory within a maximum of four years. - Although the details are still being discussed and expected to be finalised when the BRRD2 is published later this year, the Single Resolution Board has set its MREL policy for 20...
- Carine Maciol
Bank : AT1 - 2018, first call test for the market
Publication date 02/02/2018 10:13 - Writing date 02/02/2018 10:08 - - - - /all in May 2018 for BBVA AT1 - CRD2/CRR2 publication in the Official Journal of the European Union in 2018 - - - - - - - - - - - - - - - - - - - AT1 instruments turned in a stellar performance in 2017 that will be hard to copy, given the absolute spread and yield levels achieved and the underlying risks that may re-emerge. - > - Since 2016 and the decision to split Pillar 2, and as ...
- Carine Maciol
Bank : Update on the Pillar 1 and Pillar 2 capital requirements for ma...
Publication date 02/02/2018 09:42 - Writing date 02/02/2018 09:39 - - - /nual results of banks and update on distances - - Spring 2018: EC publication of package of measures to reduce NPL - - CRD2/CRR2 publication in the Official Journal of the European Union - - 2 November 2018: publication of stress tests results - - SREP 2018 and Pillar 2 review - - - - - - - - - - - - - - - - - - Given that the Pillar 2 levels under the SREP 2017 have almost all b...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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