+++ Business figures +++: Financial group W&W is resisting the slump in building society savings
Applied Materials beats expectations thanks to AI boom +++ Weak consumer sentiment weighs on JD.com +++ Boom for sandal classic - Birkenstock raises forecast +++ The news blog.
Applied Materials' stock fell 5 percent in after-hours trading despite strong expectations. This drop was attributed to high investor expectations and strong quarterly results from competitors Lam Research and KLA. ABN Amro reported a net profit of 780 million euros in the second quarter, exceeding expectations, with an 11 percent increase in net interest income and a 25 percent rise in fee income.
The bank raised its full-year net interest income forecast to 6.8 billion euros. Norway's sovereign wealth fund, which invests oil and gas revenues, reported a 13 percent return on stocks and 0.9 percent on fixed-income securities, with Nvidia remaining its largest holding.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
