Santander shares jump 7% after lender announces record quarterly profit, 10-billion-euro buyback

Shares of Banco Santander jumped after Spain's largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital.The bank's net profit picked up by 11% year-on-year to 3.265 billion euros...

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Commerzbank touts record profit, launches buyback as it wards off UniCredit

A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a new share buyback scheme.The bank said it achieved a 20% increase in net profit to 2.68...

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Alibaba (BABA) Q2:

Alibaba Offices In BeijingBloomberg | Bloomberg | Getty ImagesChinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world's second-largest economy hit consumer spending.Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in...

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SoftBank earnings Q2 2024

The SoftBank Corp. logo displayed on a glass door of the company's store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty ImagesToru Hanai | Bloomberg | Getty ImagesJapanese giant SoftBank logged...

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UBS earnings Q3 2024

Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023.Bloomberg | Bloomberg | Getty ImagesSwiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.Net profit attributable...

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