Bank Hits: Percent Return and Lending Spike

bank hits: Investors were already assuming that the bank hits its 2020 return targets, according to Global Times China. Potential for more buybacks in the second half provide additional firepower. The global bank reported a robust 10.6 percent return on tangible equity in the first three months of the year, buoyed by a lending spike. Chief Executive John Flint repaid shareholders' faith in him - and then some - following last year's bruising fourth quarter. First-quarter results delivered. At the time he pledged to grow revenue faster than costs. (news.financializer.com). As reported in the news.