First Republic’s 1Q profit climbs 13% on surge in loan demand

—–BEGIN PGP PUBLIC KEY BLOCK—– mQQNBFUoCGgBIADFLp+QonWyK8L6SPsNrnhwgfCxCk6OUHRIHReAsgAUXegpfg0b rsoHbeI5W9s5to/MUGwULHj59M6AvT+DS5rmrThgrND8Dt0dO+XW88bmTXHsFg9K. Inc’s march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter profit and a rosy outlook for the spring, surprising all but the most optimistic on Wall Street. In addition, Amazon and the U.S. National Football League

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As I said, loans grew right on plan, deposits had another growth on a year on year. The first quarter. bearing demand deposits grew 13%. I should say our assets for the quarter were approximately.

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DBS Group’s net profit for first-quarter 2018 increased 26% to a record SGD 1.52 billion. Total income increased 16% to SGD 3.36 billion, led by broad-based growth in loans and non-interest income as well as a higher net interest margin. A positive jaw resulted in a one percentage point improvement in the cost-income ratio to 42%.

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First Republic’s 1Q profit climbs 13% on surge in loan demand Record loan originations and strong growth in wealth assets under management more than offset a double-digit increase in expenses at the San Francisco company.

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Profit-taking. will make the first move. It was up 3½p to 245½p as analysts began calculating how much its back catalogue could be worth. Still trading at a significant discount to last year’s high.

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The insurance group saw its net income fall 2% to C$158mln on increased costs while its investor & treasury service group posted a 13% decline from last year to C$155 mln due to lower funding and.

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