- Reuters
WRAPUP 1-Wall St sees more pain ahead for US mid-sized lenders after Q1 profits decline
U.S. mid-sized banks' profits would remain under pressure for most of 2024, Wall Street analysts said, as higher deposit costs and muted loan growth drag their earnings. Regions Financial, Huntington Bancshares and Fifth Third Bancorp joined peers in reporting smaller first-quarter profits on Friday, due to a steep fall in their interest income. Net interest margin, a key measure of banking profitability that takes into account earnings from interest on loans and payments on deposits, also contracted across regional lenders for the second straight quarter.
Associated Press FinanceAmerican Express profits jump 34%, helped by jump in new customers, higher spending
Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards. The jump in profits for AmEx came largely from higher cardmember spending on their accounts as well as more balances collecting interest. AmEx takes a small percentage of each transaction spent on their cards as a fee from merchants, which was its primary business model for decades.
GlobeNewswireWaterborne Acrylic Resins Market Size to Garner US$9.39 Bn in 2031, Projects Fairfield Market Research
Expected to Approach US$9.39 Bn in 2031 with a CAGR of 6.38% in the Forthcoming Years, the Global Waterborne Acrylic Resin Market has been Growing Steadily Driven by Increasing Demand from Various End-Use Industries and Rising Awareness Regarding Environmental ConcernsLondon, April 19, 2024 (GLOBE NEWSWIRE) -- Global waterborne acrylic resins market is estimated to be valued at US$6.09 Bn in 2024. The projections further indicate a notable increase to US$9.39 Bn in 2031. This estimated expansion
