PR Newswire·Nov 11, 2026, 8:00 AM ET

Lenders in Europe and Latin America Report Results as a Fed Governor Leans Toward a Hike

The U.S. CPI-U rose 0.4% in October after a 0.6% increase in September, while core CPI remained stable at 0.3% for August, September, and October.
Federal Reserve Governor Christopher J. Waller indicated a preference for a 25 basis point rate hike in December but noted a 50 basis point increase could be considered if core inflation stays near or above 0.3%.
Goldman Sachs Asset Management expects the FOMC to raise rates in December, with the ECB projected to deliver one more hike to a peak of 2.75%.
HSBC Holdings reported a 32% rise in third-quarter profit before tax to $9.6 billion, announced a $1 billion share buyback, and held a UK business briefing on Nov. 9.
Banco Santander reported a 16% increase in underlying profit for the first nine months of 2026 to €11.2 billion, completed its Webster acquisition, and set a dividend payment date of Nov. 2.
ING Groep reported a 3.5% year-on-year increase in third-quarter net results to €1.85 billion, announced a €1.9 billion shareholder distribution, and maintained a CET1 ratio of 13.3%.
Credicorp Ltd. reported an 11.0% year-over-year increase in third-quarter net income to S/1,929.4 million, improved its NPL ratio to 3.9%, and scheduled a strategic update for Nov. 17.
Itaú Unibanco reported a recurring ROE of 23.6% for the third quarter, a loan portfolio growth driven by mortgages, payroll loans, and SMEs, and revised its 2026 tax rate guidance to between 28.0% and 29.0%.