US banks set to suffer from trading slump

first_img More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Sunday 17 October 2010 11:28 pm KCS-content Show Comments ▼ ANALYSTS have slashed their forecasts ahead of the slew of US banks reporting third quarter earnings this week, as concerns over a steep fall in trading activity and the housing foreclosure ruckus in the States weighed on expectations.Wall Street bank shares had rallied last week after JP Morgan topped analysts’ consensus earnings forecasts of 90 cents per share with $1.01 per share.But the sector has since taken a battering at the hands of investors as it suffers a probe into illegal mortgage foreclosure practices and fears over the earnings impact of a slowdown in Wall Street securities activity.The banks reporting next week are widely expected to record an uptick in profits due to lower one-off impairment charges, though analysts are concerned that the trading slump over the summer will have disproportionately hit investment banking revenues.Citigroup, which reports third quarter earnings today, is expected to post earnings of 5.7 cents per share, down from an analyst consensus of 6.25 cents per share just a week ago, according to Thomson Reuters data.Predictions for Goldman Sachs earnings per share, revealed tomorrow, have also dropped sharply over the week to $2.28 per share, while Bank of America, also reporting tomorrow, is now thought likely to post earnings of under 10 cents per share.Morgan Stanley is expected to earn between 15 and 20 cents per share, down from 38 cents a year ago.Wall Street has been hit with a barrage of gloomy predictions in recent weeks, including renowned analyst Meredith Whitney’s prediction that 80,000 investment bankers are likely to be culled in the next two years. center_img US banks set to suffer from trading slump Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Tags: NULLlast_img read more

Berger Paints Plc (BERGER.ng) Q12017 Interim Report

first_imgBerger Paints Plc (BERGER.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2017 interim results for the first quarter.For more information about Berger Paints Plc (BERGER.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Berger Paints Plc (BERGER.ng) company page on AfricanFinancials.Document: Berger Paints Plc (BERGER.ng)  2017 interim results for the first quarter.Company ProfileBerger Paints Plc is a manufacturing company in Nigeria producing paint, surface coating and allied products for the residential, commercial, marine and industrial sectors. The company has an extensive product range which is divided into decorative/architectural finishes, industrial coatings, marine and protection coatings, automotive/vehicle finishes, and wood finishes and preservers. Berger Paints has a manufacturing plant and distribution centre in Lagos and over 25 distribution points in the major towns and cities in Nigeria. Berger Paints Colourworld is a retail outlet which offers a wide range of products and offers support with expertise and colour development software. Colourworld also offers an advanced automotive tinting system and colour software and carries a supply of paint tools and applications. In 2012, Berger Paints Nigeria Plc partnered with KCC Corporation, the largest heavy duty coating manufacturing company in South Korea. The partnership facilitates the supply quality, durable coatings for the marine and protective sectors. The company was established in 1959 by Lewis Berger, a German colour chemist who founded the Berger Paints’ dynasty in London in the late 1970s. Its head office is in Lagos, Nigeria. Berger Paints Plc is listed on the Nigerian Stock Exchangelast_img read more