Saeed Azhar

New York

U.S. Banking Correspondent at Reuters

U.S. banking correspondent for Reuters, covering some of Wall Street's biggest banks.

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Articles

BofA stock surges after boosting profit on trading gains, interest income

1 week ago | marketscreener.com | Pritam Biswas |Saeed Azhar |Niket Nishant

(Reuters) -Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul, lifting its shares more than 4%. As markets whipsawed around U.S. President Donald Trump's tariff policies, the second-largest U.S. lender brought in 9% higher trading revenue, mirroring trends seen at rivals.
Bank of America tops forecasts for first-quarter profit

1 week ago | businesslive.co.za | Pritam Biswas |Saeed Azhar |Niket Nishant

Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. A Bank of America logo is pictured in the Manhattan borough of New York on January 30 2019. File Picture: REUTERS/Carlo Allegri Bengaluru/New York — Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul.
Goldman Sachs profit beats estimates as traders ride volatile markets

1 week ago | zawya.com | Saeed Azhar |Niket Nishant

NEW YORK: Goldman Sachs beat first-quarter profit estimates as its traders capitalized on volatile markets to bring in record equities revenue, but the bank's CEO warned of a difficult environment ahead. The Wall Street bank joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits, but investors are more focused on future projections as tariffs increase inflation and recession risks.
Goldman Sachs profit beats estimates as traders ride volatile markets

1 week ago | marketscreener.com | Saeed Azhar |Niket Nishant

NEW YORK (Reuters) -Goldman Sachs beat first-quarter profit estimates as its traders capitalized on volatile markets to bring in record equities revenue, but the bank's CEO warned of a difficult environment ahead. The Wall Street bank joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits, but investors are more focused on future projections as tariffs increase inflation and recession risks.
Wells Fargo beats profit estimates but CEO warns tariffs could slow economic growth

1 week ago | ca.marketscreener.com | Arasu Kannagi Basil |Saeed Azhar

(Reuters) -Wells Fargo's profit beat expectations in the first quarter as the bank cut costs and set aside less money to cover potential loan losses, but its CEO warned on Friday that U.S. tariffs risk slowing economic growth. The U.S. bank's shares were down 1.5% in afternoon trade, partly recovering from a 3.6% dip earlier after it reduced expectations for its net interest income, the difference between what it earns and pays in interest.
Janus Henderson fund manager says investors should cut exposure to stocks as recession looms

1 week ago | marketscreener.com | Saeed Azhar

NEW YORK (Reuters) -Janus Henderson, which manages $379 billion in assets, is advising investors to cut stock holdings and buy more investment-grade sovereign bonds as tariffs threaten to slow global growth, its global head of its multi-asset strategy said. Janus Henderson now recommends a portfolio of 55% equities and 45% bonds, compared with its call at the start of the year for 62% equities and 38% bonds, Adam Hetts told Reuters.
US Bank Profits Rise, but Executives Raise More Tariff Warnings

1 week ago | usnews.com | Nupur Anand |Saeed Azhar |Tatiana Bautzer

By Nupur Anand, Saeed Azhar and Tatiana BautzerNEW YORK (Reuters) -Profits at major U.S. banks beat forecasts in the first quarter as stock trading jumped, but executives warned on Friday that sweeping tariffs could fuel risks and weigh on economic growth. Equity traders at JPMorgan Chase and Morgan Stanley brought in record revenue as markets boomed at the start of the year, while Wells Fargo earned more fees from clients.
US bank profits rise, but executives raise more tariff warnings

1 week ago | msn.com | Nupur Anand |Saeed Azhar |Tatiana Bautzer

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米Ｗファーゴ、第1四半期はコスト削減奏功関税受け成長鈍化を警告

1 week ago | jp.reuters.com | Arasu Kannagi Basil |Saeed Azhar

米大手銀行ウェルズ・ファーゴが１１日発表した２０２５年第１・四半期決算は、コスト削減と貸倒引当金の減少により利益が市場予想を上回った。ただ、チャーリー・シャーフ最高経営責任者（ＣＥＯ）は米国の関税が経済成長を鈍化させるリスクがあると警告した。（２０２５年ロイター／Stephanie Keith）［１１日ロイター］ - 米大手銀行ウェルズ・ファーゴ(WFC.N), opens new tabが１１日発表した２０２５年第１・四半期決算は、コスト削減と貸倒引当金の減少により利益が市場予想を上回った。ただ、チャーリー・シャーフ最高経営責任者（ＣＥＯ）は米国の関税が経済成長を鈍化させるリスクがあると警告した。調整後ベースの１株当たり利益は１．３３ドルで、ＬＳＥＧがまとめた予想の１．２４ドルを上回った。一方、貸し出しの利息収入と預金者に支払う利息の差である純金利収入（ＮＩＩ）は前年同期比６％減の１１５億ドルと、予想の１１８億４０００万ドルを下回った。経営陣は以前、２５年前半の金利収入は比較的安定し、後半にはより多くの成長が見込まれると述べていた。...
Wells Fargo beats profit estimates but CEO warns tariffs could slow economic growth

1 week ago | marketscreener.com | Arasu Kannagi Basil |Saeed Azhar

(Reuters) - Wells Fargo's profit beat expectations in the first quarter as the bank cut costs and set aside less money to cover potential loan losses, but its CEO warned on Friday that U.S. tariffs risk slowing economic growth. The U.S. bank's shares extended losses, dipping 3.6%, after it reduced expectations for its net interest income, the difference between what it earns and pays in interest.