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Bladex Q1 Profit Rises - Quick Facts

Banco Latinoamericano de Comercio Exterior, S.A. (BLX) or Bladex reported that its first-quarter net income attributable to the company was $32.2 million or $0.86 per share, up from $16.3 million or $0.44 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share. Analysts' estimates typically exclude special items.

Net interest income totaled $29.6 million in first quarter 2012, compared to $21.4 million in first quarter 2011.

by RTT Staff Writer

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Shares of International Consolidated Airlines Group S.A. were gaining around 3 percent in London trading after the airline reported Friday higher profit in its second quarter, benefited by higher passenger revenues, despite weak cargo revenues. The company now expects low double digit percentage growth in pre-exceptional operating profit in 2016. Swiss banking giant UBS Group AG reported Friday a 14 percent decline in second quarter profit with weakness in net interest income. Looking ahead, the company said the difficult conditions continue to persist, yet the firm is well positioned to benefit from even a moderate improvement in conditions. UBS shares were gaining around 3 percent in the morning trading in Zurich. We are well into the third quarter and past the middle of the year and it is time to take stock of regulatory decisions awaiting some biotech stocks in August. Despite the uncertain macroeconomic environment, the markets have run up, with the S&P 500 Index making new highs session after session. Valuation concerns may keep traders at bay. However, the biotech space is a different cup of tea.
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