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Industrial Bank's net income surged more than double, boosted by stock trade business.
In the first quarter, Industrial Bank's profits and revenue exceeded Analysts' expectations, benefiting from a surge in Trade Business and recognizing a gain from the disposal of Assets. The bank announced on Wednesday that Net income more than doubled year-on-year, reaching 1.61 billion euros (1.83 billion dollars), supported by record Trading revenues from Stocks and related securities. The gains from asset disposals contributed 0.202 billion euros to the profit. This performance further indicates that the transformation plan of CEO Slawomir Krupa is progressing two years after his appointment. Krupa's Global Strategy initially focused on increasing capital and exiting non-core Businesses.
Industrial Bank: Industrial Bank Report for the First Quarter of 2025
Industrial Bank Report for the First Quarter of 2025
Express News | Industrial Bank Q1 Net Profit Down 2.2% Y/Y
Morgan Stanley strategist Wilson: The weakness of the dollar will support US stocks outperforming Other global markets.
Michael Wilson of Morgan Stanley stated that a weaker dollar will support corporate earnings in the USA, helping American stocks outperform Other global markets. As many Wall Street strategists believe the era of American exceptionalism is coming to an end, Wilson uniquely believes that the USA remains a relatively good investment choice. He pointed out that the lower volatility of corporate earnings growth and the perception of higher quality among American companies are other reasons supporting this view. "We are still in the later stage of the cycle, where high-quality firms and large-cap stocks are expected to continue to perform well," he wrote in a report on Monday. Wilson expects
Societe Generale: Do not try to bottom-fish in the US stock market too early.
Europe and Asia Assets are benefiting from what French Industrial Bank strategist Arthur van Slooten describes as a "great rotation" away from USA Assets. This strategist anticipates that the inflow of funds into European stock markets, driven by USA investors, will reach the strongest level in two years. The search for alternatives to USA Assets has not resulted in an unusual outflow of funds from USA stock funds. USA bond funds experienced the most severe single-week outflow of funds since December 2022. van Slooten wrote in a report to clients, "We remind not to attempt to buy the dip in USA stocks too early, as the market dynamics are evolving."
RHB Raises Target Price for Gamuda Amid Upbeat Prospects on Data Centre Market
