+++ Geschäftszahlen +++: Caterpillar verdient deutlich mehr
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Caterpillar reported significantly higher business figures in its latest quarter, however, its stock price fell by five percent in after-hours trading following the announcement. Analyst Brian Chin from Stifel Financial cited the high expectations of investors before the numbers were released. Competitors such as Lam Research and KLA presented strong quarterly results and growth forecasts, while Applied Materials shares have already more than doubled this year.
ABN Amro exceeded earnings expectations in the second quarter by a considerable margin. The Dutch major bank posted a net profit of €780 million (US$900 million) between April and June, with net interest income up by 11 percent and fee income up by 25 percent. The CET1 ratio, a key indicator of bank profitability, improved to 15.9 percent.
The bank's return on equity (RoE), another crucial metric for profitability, increased to 12.1 percent. ABN Amro also benefited from the European Central Bank raising interest rates in the Eurozone, with the possibility of further increases. Norway's sovereign wealth fund invests in the earnings from the country's oil and gas sector.
During the first half of the year, Nvidia remained the largest position in the fund, followed by Microsoft and Apple. Overall, equities yielded a return of 13 percent, while fixed-income securities returned 0.9 percent.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
