Hints and tips:
...The approximately 2 per cent peak-to-trough fall in GDP seen back then isn’t so dissimilar from our forecasts for the 2023 downturn....
...The company disclosed on Monday it had shed 99 per cent of its remaining stake in the bank — or some 51.7m shares — reducing its holdings in Wells Fargo to just $26.4m at the end of March....
...The two executives were due to appear with Wells chief executive Charlie Scharf to give account of the bank’s progress in addressing the governance and control problems revealed by the 2016 fake accounts...
...and committed bank facilities of £923m....
...Embattled Wells Fargo CEO Tim Sloan left the bank after a number of high-profile scandals and Mark Parker hung up his Nike shoes, ending a 13-year tenure that was marked by successes and controversies....
...In 2019, we expect S&P 500 companies to execute approximately $800bn in buybacks and return an additional $500bn [or so] via dividends, which is in line with 2018 shareholder return.”...
...of sterling as an international currency....
...This tells us that many markets are ripe for a bounce. For example, Brent crude near $58 a barrel sits well below its 50, 100, and 200-day moving averages which all loiter around $74....
...Wells Fargo fake account scandal: All the big banks have had trouble at some point and I see no reason why Wells Fargo as a company from both an investment standpoint and a moral standpoint is in any way...
...And, finally, we'll hear about Wells Fargo's latest embarrassing admissions in its fake account scandal....
...Managers safely outperformed the FTSE All World index, which includes equities from around the globe and returned approximately 5 per cent in 2016....
...OQ ran into a banker from a Wall Street firm this week and attempted to commiserate with him at the blow to US banks’ collective pride from Fargo’s fall from grace. “Are you kidding?”...
...Just a few months ago, the fake-account scandal at Wells Fargo, the US’s second-biggest bank by deposits, not only put a spotlight on sales practices but also drew stinging condemnation of its executives...
...The move from “phase 1” to “phase 2” is all very well, but the hard questions remain....
...for a rise in interest rates “could well be met” by December....
...China won 51 golds at the 2008 Olympics in Beijing, topping the US haul of 36, but came up eight short of the American tally of 46 in London....
...Thomson Reuters, are for fully diluted, post-tax EPS in local currency for the stated fiscal period....
...In the 12 months ending March 2015, Chinese citizens bought $28.6bn worth of US residential property, a jump from $7bn in 2011, according to the National Association of Realtors (NAR) (see chart 7)....
...She complained that supporters of Aécio Neves, the opposition candidate from the pro-business PSDB, who lost by only about 3 percentage points in the poll on Sunday, did not care about the less well-off...
...Economists at Wells Fargo said: “Although strong, the gain in existing home sales still only partly offsets the weak readings earlier in the year....
...Bank of America and Wells Fargo were among the largest banks that were not on the list, meaning they have not yet met the requirements....
..., Wells Fargo, Goldman Sachs and Morgan Stanley would be hit with a levy of 3.5 basis points – or 0.035 per cent, according to Bloomberg News....
...Earnings JPMorgan Chase Q3 $1.29 ($1.51) Wells Fargo Q3 $0.97 ($0.88) Results forecasts, from Thomson Reuters, are for fully diluted, post-tax EPS in local currency for the stated fiscal period....
...(Wall Street Journal) New York attorney general Eric Schneiderman plans to sue Bank of America and Wells Fargo over claims they violated terms of the National Mortgage Settlement, a sweeping $26bn pact...
...Other commercial banks also gained with Wells Fargo up 1.2 per cent to $30.62, and JPMorgan up 1.8 per cent to $38.30....
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