Deutsche Bank Reports Higher Third-Quarter Profits as Loan Charges Fall

Deutsche Bank said its third-quarter net profit rose as lower bad-loan charges helped offset a fall in investment banking revenue and additional costs for its overhaul.

 
Google Profit Nearly Doubles, Boosted by Red-Hot Ad Market

The search giant posted its highest quarterly revenue increase in 14 years, as smaller businesses pour money into digital ads.

 
Microsoft Earnings, Sales Up Sharply

The company's Azure cloud-computing business has thrived on the turn to remote work during the pandemic.

 
Twitter Posts Strong Ad Revenue Growth Despite Apple Privacy Updates

Twitter largely dodged turmoil in the digital advertising market from new Apple app privacy policies and supply-chain disruptions as it reported a 37% jump in third-quarter revenue.

 
Santander Profit Rises on Lower Provisions, Higher Revenue

Banco Santander said it is set to outperform its profitability guidance after reporting higher earnings in the third quarter on increased revenues and lower provisions.

 
Informatica Plans to Raise Nearly $1 Billion in IPO

The Silicon Valley company priced its initial public offering at $29.00 a share, at the low end of its target range, giving the data company a valuation of $10 billion, according to a source familiar with the IPO.

 
Robinhood Revenue Falls on a Drop in Crypto Trading

Fees tied to stock and options trades ticked down slightly at the popular app, while revenue tied to cryptocurrency trading tumbled 78% to $51 million.

 
Evercore Names John Weinberg Sole CEO

Co-CEO Ralph Schlosstein will step down in February after 13 years.

 
Former Ghosn Aide's Trial Finishes With a Declaration of Innocence

The defense for former Nissan executive Greg Kelly made its final argument for their client's innocence, arguing that prosecutors failed to prove key parts of the case involving former chief Carlos Ghosn's compensation.

 
HKEX's Third-Quarter Net Profit Declines 2.9%

The Hong Kong exchange operator's revenue rose 10% to HK$5.11 billion, as trading and clearing fees increased amid a higher average daily turnover

(END) Dow Jones Newswires

October 27, 2021 03:15 ET (07:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.