Team Tiger
Financial Advisors A look at the day ahead in U.S. and
global markets from Mike Dolan The
selloff in Wall Street stocks is starting to snowball as even megacap tech beats get batted
away by a fresh wave of bond market turbulence
and Middle East tension. Even
though Facebook parent Meta (META.O) beat
expectations for third-quarter profits and revenue and a 2024 outlook, its
stock dropped almost 4% out of hours as it suggested the conflict in Israel
and Gaza could dampen fourth-quarter sales. MILAN,
Oct 26 (Reuters) - Mediobanca (MDBI.MI) posted its
best-ever quarterly profit on Thursday, ahead of a key shareholder vote to
name the Italian bank's new board and hand Chief Executive Alberto Nagel a
new three-year mandate. Net profit rose 34% year-on-year to 351
million euros ($370 million) in the three months through September, beating
a bank-provided analyst consensus of 315 million euros, thanks to
contributions from wealth management and insurance. A look at the day ahead in U.S. and
global markets from Mike Dolan The
selloff in Wall Street stocks is starting to snowball as even megacap tech beats get batted
away by a fresh wave of bond market turbulence
and Middle East tension. Even
though Facebook parent Meta (META.O) beat
expectations for third-quarter profits and revenue and a 2024 outlook, its
stock dropped almost 4% out of hours as it suggested the conflict in Israel
and Gaza could dampen fourth-quarter sales.