See the full story in the original article.
Read the original on markets.financialcontent.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- FinancialContent - East West Bank ( EWBC ) To Report Earnings Tomorrow : Here Is What To Expect
- Sensex , Nifty open lower as investors track bank earnings , rising oil prices
The BSE Sensex opened at 74,594.65, down 134.62 points (0.18%), and the NSE Nifty 50 at 23,096.85, down 49.30 points (0.21%), after last week's rally delivered the strongest weekly performance in about six months. Investors are watching September-quarter results from HDFC Bank, which narrowly missed estimates on weaker treasury income and higher bad-loan provisions, and ICICI Bank, which beat expectations on loan growth and lower provisions. Brent crude is trading near $108 a barrel, after easing from $110 on Friday, keeping pressure on sentiment. Foreign investors turned net buyers, purchasing shares worth ₹11.66 billion ($122.79 million) after 15 consecutive sessions of selling, while domestic institutions were net sellers of ₹36.61 billion. Analyst Hariselvan Radhakrishnan of HST Wealth said a positive reaction to private banks could help the market absorb higher oil prices, with Nifty facing immediate resistance at 23,150.
- Morning of 19/10: Five banks report nine-month profits, with the system's largest private bank posting record earnings
VPBank reported consolidated pre-tax profit of nearly VND 30,000 billion for the first nine months, equal to its full-year 2025 result, up nearly 47% and reaching about 72.4% of its annual plan; Q3 profit exceeded VND 11,000 billion, its highest quarterly level in history. Consolidated total operating income rose 25.3% to nearly VND 65,500 billion, with net interest income up 26.7% and net service income up 76.3%. ABBank estimates pre-tax profit of VND 4,540 billion, up 97% and completing 100% of its annual profit plan, with its NPL ratio kept below the 1.5% target. Nam A Bank posted over VND 4,700 billion, up 25% and reaching nearly 80% of its annual plan, while its NPL ratio was about 1.5% and its CAR stood at 11.3%. Vietbank earned VND 1,297 billion, up 50%, and SHB estimates VND 14,300 billion for nine months.
- VPBank posts nearly 30,000 billion VND in profit after nine months, up nearly 47% year on year
VPBank’s consolidated pre-tax profit for the first nine months reached nearly 30,000 billion VND, up nearly 47% year on year and equal to its full-year 2025 result, or about 72.4% of plan. Net interest income rose 26.7% to nearly 53,100 billion VND, while net service income jumped 76.3%, lifting total operating income to nearly 65,500 billion VND (up 25.3%). Consolidated total assets topped 1.6 million billion VND, up 27.8% from end-2025, and customer deposits and valuable papers reached nearly 987,000 billion VND (up 34.2%). Individual NPL was held around 2%, below the 2.5% target, and third-quarter pre-tax profit exceeded 11,000 billion VND, marking two consecutive quarters of record profit.
- Madame Nguyen Thi Nga: From her father's lesson “borrow little, repay in full” to responsibility for the “big debt” of an entrepreneur honored as a Labor Hero of the Renovation era
Nguyen Thi Nga, Chairwoman of BRG Group and SeABank, recalls her father's lesson that one who borrows little must repay in full and one who borrows ginger must repay with honey, and she treats every opportunity or trust she receives as a loan that must be repaid with dedication and results. She holds that good growth is not growth at any cost, which is why SeABank invested early from 2006 in the T24 core banking system and partnered with Société Générale to standardize its retail model. Over more than 30 years, the bank has raised its charter capital from VND 5 billion to VND 32,688 billion, with assets of nearly VND 400,000 billion and 2025 pre-tax profit of VND 6,868 billion. The article also covers the Sheraton Grand Da Nang project, which had to be completed in 14 months to serve the APEC 2017 Summit, when progress at one point ran two to three months behind schedule. Ms Nga says there were moments she wanted to step back, but she kept going out of responsibility to tens of thousands of employees.
- Is Citigroup Stock a Buy 13% Below Its 52-Week High?
Citigroup posted strong third-quarter 2026 results, with revenue of US$23.8b (up 8%, its highest third-quarter revenue in a decade) and net income up 37% to US$5.2b. EPS of US$2.85 beat estimates of US$2.65, and adjusted EPS excluding a goodwill impairment was US$2.24, up 20%, helped by expenses rising just 3%. Despite this, shares fell almost 5% after the October 13 release to US$126, about 13% below their US$145 52-week closing high. The article cites a CET1 ratio of 12.8%, a dividend of US$0.67 per share (2.18% yield) and a 24% payout ratio as support for the dividend, and notes the stock trades at 10 times forward earnings. The author is skeptical of the 25% upside implied by the median analyst target of US$154, but says Citigroup may be a decent option for dividend investors among large banks.
Related markets
Latest news
- JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg
JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.
- Cerrado Gold Reports 21% Year-Over-Year Increase in Q3 2026 Production Results at Minera Don Nicolas
Cerrado Gold reported Q3 2026 production of 16,685 GEO at the Minera Don Nicolas (MDN) mine in Santa Cruz Province, Argentina, up 21% from 13,832 GEO in Q3 2025. Year-to-date output reached 44,942 GEO, up 23% from 36,432 GEO in the comparable 2025 period. Heap leach output held steady at 9,649 GEO, while CIL output rose to 7,036 GEO as higher-grade Calandrias material, generally above 2.5 g/t gold, was routed to the Martinetas mill. Laboratory tests on selected material showed gold recoveries of up to 95%, versus about 60% expected from heap leaching, and the company now expects full-year 2026 production at the upper end of its 50,000 to 60,000 GEO guidance while targeting a new PEA by late Q1 2027.
- Is Visa Stock Still a Buy After Gaining 14% This Year?
Visa shares hit an all-time high of $401, up about 12% over the past two weeks from $359 at the end of September and up 14% year to date. Key catalysts include approval from the People's Bank of China to set up a bankcard clearing institution in China and the move of Visa Direct's stablecoin to commercial deployment on Oct. 15. Baird and BMO Capital both raised their price targets. Visa reports fiscal fourth-quarter earnings on Oct. 27 and has raised its dividend every year since 2009, last year by 14% to $0.67 per share. The author still considers the stock a buy ahead of earnings, citing a forward P/E of 24.
- Five things to watch in markets in the week ahead
Markets start the week with AI stocks under pressure after hotter-than-expected September inflation raised expectations of higher US rates and fed worries about debt-funded AI spending. Last week the Philadelphia semiconductor index fell 11.41% and the Nasdaq Composite lost 4.48%, with CoreWeave shedding about a quarter of its value and Oracle down 9.31%. Earnings are in focus, with SpaceX and Netflix reporting on Tuesday and Meta and Tesla on Wednesday after the close. Netflix reportedly plans to cut around 6% of its workforce, roughly 1,000 roles, its biggest reduction since 2022. SpaceX has also agreed to buy spectrum licenses from Grain Management for about $8 billion, a move into the wireless market.
- eMemory/PUFsecurity Showcases OCP S.A.F.E.-Approved PUFrt at OCP Global Summit, Strengthening AI Data Center Security with Caliptra
PUFsecurity, a subsidiary of eMemory Technology, was featured at Microsoft's Caliptra Workshop on Oct. 12, the opening day of the 2026 OCP Global Summit, which drew nearly 400 attendees. Its PUFrt received OCP S.A.F.E. Scope 3 approval after an independent assessment of its resistance to physical attacks such as fault injection and side-channel attacks, and is now listed on the OCP Marketplace. PUFrt provides the physical security foundation for Caliptra, an open-source hardware Root-of-Trust architecture, from key generation to chip mass-production testing. It has already been integrated into Caliptra products from ASPEED and security systems from several memory makers and networking chip vendors. The company says the milestone advances hardware security for cloud and AI infrastructure.
- Crypto vault deposits top $10 billion as lending risks draw regulatory scrutiny
Deposits into crypto lending vaults have risen from $4 billion at the start of last year to more than $10 billion, according to the Financial Times. Each vault is run by a 'curator' who selects lending strategies through smart contracts on DeFi platforms, sets risk limits and collects fees, with typical returns of 3% to 10% and riskier strategies reaching 20% or more. Risks include illiquid or hard-to-sell collateral, automatic liquidations, hacks and coding errors, while investors may focus on headline yields. Fintechs, digital asset treasury firms and hedge funds are among the main depositors, and Bitcoin lender Two Prime launched a vault on Pareto targeting 1.5% to 2% yields, with a minimum deposit of 5 WBTC and about $10 million of its own capital absorbing initial losses. U.S. and European regulators are examining whether existing rules should apply, and the SEC has questioned vaults that hold securities.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.