Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

Top 25 global banks performance shows market stability as they report 11.3% growth in combined market capitalization in Q4 2022, says GlobalData

 

January 9, 2023 (Investorideas.com Newswire) The Tribunal of South Africa's Financial Sector Conduct Authority (FSCA) has overruled officials at the watchdog in a case against the CEO and founder of deVere Group after the regulator imposed a debarment order and penalty order on him.

The aggregate market capitalization (MCap) of the global top 25 global banks grew by 11.3% to $3.3 trillion quarter-on-quarter (QoQ) during the fourth quarter (Q4) ended on 31 December 2022. This reflects that the markets are stabilized despite the rising global inflation and volatility, says GlobalData, a leading data analytics and research company.

Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: "Companies that gained the most during Q4 include Mitsubishi UFJ, BNP Paribas and JPMorgan Chase. Al Rajhi Banking and Bank Central Asia witnessed drop in MCap."


Mitsubishi UFJ

Mitsubishi UFJ reported gross profit of JPY2.3 trillion in H1 FY2023 (30 September 2022) over JPY1.9 trillion in H1 FY2022 due to increase of lending spread and an improvement of overseas interest income of lending and deposit during the period when interest rates in US rose. It reported a lower net profit of JPY231 billion because of losses related to the sale of MUFG Union Bank.

BNP Paribas

Strong growth in revenues by all divisions helped BNP Paribas to report 8% growth to €12.3 billion for Q3 2022. The European Central Bank has become more critical of the bank's risk profile, which resulted in increased capital requirements for the bank starting 2023. The banking giant must keep its common equity tier one (CET1) capital ratio at 9.56% of its risk weighted assets compared to 9.27% previously.

JPMorgan Chase

Positive Q3 2022 results fuelled the share prices of JPMorgan Chase, which resulted in 28.2% rise in MCap. The bank reported a net revenue of $32.7 billion, reflecting a 10% rise on the back of a 52% increase in principal transactions revenue reflecting higher revenue in fixed income markets, as higher volatility propelled a strong performance in the macro businesses.

Grandhi comments: "Al Rajhi Banking's MCap fell by 7.5% to $80 billion primarily because of negative market sentiments like global economic downturn and rising interest rates by the US Federal Reserve."

China's Big Four banks

China's Big Four banks-ICBC, Bank of China, Agricultural Bank of China, and China Construction Bank-lost between 3-8% in MCap owing to shrinking Chinese exports and imports, feeble domestic and global demand, property slump, and COVID19-led production disruptions, which badly impacted the overall economic activity in the country.

Grandhi concludes: "The global banking industry may face increased interest rates, inflation, and lower economic growth in 2023. GlobalData expects net interest income to keep growing, however a slowdown in the housing market could exert strain on the industry's top line. The industry is also expected to be affected by the continuing slowdown across major economies such as US, China and many European countries, primarily because of inflation pressures, higher interest rates orchestrated by central banks to rein in on price pressures, and the impact of the prolonged Russia-Ukraine war."

For more information

To gain access to our latest press releases: GlobalData Media Centre

Analysts available for comment. Please contact the GlobalData Press Office:

EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: pr@globaldata.com

Notes to Editors

  • Quotes are provided by Aurojyoti Bose, Lead Analyst at GlobalData
  • The information is based on GlobalData’s Financial Deals Database
  • This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits