(Reuters) -No.2 Australian mortgage lender Westpac’s first-half profit missed expectations on Monday as loan spreads narrowed, and it warned that shifting global trade policies were rattling markets and tightening funding conditions. Westpac posted a 1% drop in its net profit for the six months ended March to A$3.32 billion ($2.14 billion), missing a Visible Alpha consensus estimate of A$3.43 bi ...
Investing.com -- Citi analysts are standing by their preference for growth stocks heading into 2025, favoring the Nasdaq-100 (NDX) over the Russell 2000 (RTY) based on a combination of technical and fundamental metrics. “We continue to view Growth as defensive in the short to intermediate term,” Citi wrote, adding that “this aligns with favoring the NASDAQ-100 over Russell 2000.” ...
By Jonathan Stempel OMAHA, Nebraska (Reuters) - Tens of thousands of people are in Omaha, Nebraska, to attend the annual shareholder weekend for billionaire Warren Buffett’s Berkshire Hathaway (NYSE:BRKa). Buffett, 94, is expected to answer shareholder questions over four and a half hours at Berkshire’s annual meeting on Saturday. Vice Chairman Greg Abel, 62, who is expected to succeed Buffett ...
Investing.com -- Berkshire Hathaway (NYSE:BRKb) reported a 14% drop in first-quarter operating earnings to $9.64 billion, down from $11.22 billion a year earlier, as insurance underwriting income declined sharply.Insurance underwriting operating income fell 49% year-over-year to $1.34 billion, while insurance investment income rose 11% to $2.89 billion.BNSF Railway posted operating income of $1. ...