Reported about 1 year ago
In financial news, 14 listed financial holding companies reported a combined monthly net profit of 52.649 billion USD in May, more than double compared to the same period last year, marking a new high in monthly profits and attributing the growth to the bullish stock market and lively investment atmosphere. The three major engines of banks, life insurance, and securities under the financial holdings all contributed to the significant double-digit profit growth year-on-year. With ten companies already accumulating over 10 billion USD in net profit and the top performers like Fubon Financial, Cathay Financial Holdings, and more, the financial sector is expected to continue this positive trend throughout 2024.
Source: YAHOO