Tag: First quarter 2020
UBS: ‘very high demand for structured products’ in Q1
International | Products
30 Apr 2020 by Lavanya Nair & Pablo Conde
The Swiss bank UBS has reported net profits of $1.6 billion with diluted earnings per share of $0.43 for the first quarter of 2020, a 27% jump from its figure of $1.14 billion in the same quarter, the previous year.
BofA sales, issuance take a tumble
North America | Products
29 Apr 2020 by Lavanya Nair & Pablo Conde
The US financial institution has reported a 48.5% fall in first quarter net income providing a gloomy outlook as it sets aside an additional US$3.6 billion to cover potential losses resulting from the damage caused by the Covid-19 pandemic.
Morgan Stanley Q1 US sales almost double y-o-y
International | Products
21 Apr 2020 by SRP News
The US investment bank saw Q1 2020 sales of structured products in its home market increase by 95% year-on-year as it ‘navigated’ the quarter well given the conditions, according to chairman and chief executive officer James P. Gorman (pictured).
Canada: CIBC and TD Securities increase issuance as overall market activity falls
North America | Industry
11 Mar 2020 by Lavanya Nair & Pablo Conde
The Canadian economy experienced a slowdown towards the end of 2019 with a mere growth of 0.3% in the fourth quarter, a drop from the previous calendar quarter’s 1.3%. Recent indicators suggest global growth stagnation is reflected in transitory factors such as labour and transportation disruptions. This should be offset with a moderate rebound in terms of GDP growth in the first calendar quarter
Canada: BMO dominates, NBC closes gap
North America | Industry
10 Mar 2020 by Lavanya Nair & Pablo Conde
Bank of Montreal took the lion’s share of the Canadian structured product market in the last quarter of 2019, but National Bank of Canada almost matched the leading manufacturer after a significant increase in its issuance.
