FOMC holds rates at current levels

Category: Finance

A recent survey reveals that over 40% of Americans, including nearly 50% of women, lack emergency savings funds.

Keywords: Emergency Savings, Financial Security, U.S. Survey

Source: ABA Banking Journal

Update At: 1/30/2025

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Forbes

Brokerage Views: Goldman Sachs, UBS On Asian Paints, Jefferies On Gold NBFCs And More

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NDTV Profit

Asian Paints Q1 FY25 results: Profit down 25% at Rs 1,170 crore; revenue slips 2%

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Business Today

Asian paints plunges over 4% as Q1FY25 net profit declines 25% Is it a buy at current levels?

Asian Paints' share price fell over 4% following a 24% drop in net profit to Rs 1,170 crore for Q1 FY2025, missing estimates. Revenue declined by 2.3% to Rs 8,943 crore. The company faced tough demand conditions due to a heatwave and elections, despite achieving 7% volume growth in the decorative segment. Analysts maintain a neutral stance with target price adjustments amid competitive pressures and supply chain challenges.

The Financial Express

Q1 results today: Asian Paints, LTIMindtree among 22 companies to announce earnings on Wednesday

The first quarter results season is underway with 22 companies, including Asian Paints and LTIMindtree, set to announce their results. LTIMindtree is expected to show a 2% revenue growth quarter-on-quarter and a 4% year-on-year increase, while net profit may rise by 2%. Asian Paints is projected to report a net profit between Rs 1,409 crore and Rs 1,526 crore, with revenue estimates ranging from Rs 9,053 crore to Rs 9,311 crore. Analysts are closely watching demand and performance in the BFSI and manufacturing sectors.

The Economic Times

Bajaj Finance Shares In Red After Q1, But Brokerages Remain Bullish

Bajaj Finance reported a consolidated net profit of ₹3,911.98 crore for the quarter ended June, a 14% increase year-on-year. Despite a rise in net interest income and assets under management, the company's gross non-performing assets slightly increased. Brokerages like Morgan Stanley and Jefferies maintained positive ratings on the stock, although they noted concerns over credit costs and asset quality. Bajaj Finance's share price fell 1.72% to ₹6,611.70 following the earnings report.

Benzinga

Bajaj Finance Q1 Results | Net profit of ₹3,912 crore meets estimates, asset quality stable - CNBC TV18

Bajaj Finance's net profit rose by 13.8% year-on-year, with a 24.5% increase in Net Interest Income.

CNBC TV18

Bajaj Finance Sees Net Profit Jump 14%, NII At ₹8,365 Cr

Bajaj Finance reported a consolidated net profit of ₹3,911.98 crore for the quarter ended June, marking a 14% increase year-on-year. Net interest income rose by 24% to ₹8,366 crore. The company's gross NPA slightly increased to 0.86%, while net NPA rose to 0.38%. Assets under management grew by 31% to ₹3.54 lakh crore, and the deposits book increased by 26% to ₹62,774 crore. The share price fell by 2.28% to ₹6,727.10.

Benzinga

Bajaj Finance Q1 Results: Profit rises 14% YoY to Rs 3,912 crore; NII jumps 25%

New slabs have been introduced in the income tax regime, impacting taxpayers and their financial planning.

The Economic Times

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Bajaj Finance's Q1 results disappointed multiple brokerages, leading to price target cuts. Despite a 14% year-on-year profit increase, analysts expressed concerns over rising credit costs and declining net interest margins. Most analysts retained 'Buy' ratings, but the stock's near-term performance is expected to be subdued.

CNBC TV18