Hints and tips:
...The lender said net income increased to $13.4bn in the first quarter, up 6 per cent from a year earlier and better than analysts had expected....
...Despite this, in recent days executives from the country’s four largest banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — said during earnings calls that consumers were resilient....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...British bank HSBC and US lender Wells Fargo are bucking that trend, having partnered in 2021 to use blockchain to settle foreign exchange transactions between them....
...Wells Fargo’s bank analyst Mike Mayo has a well-deserved (if not entirely unblemished) reputation for being an unusually acerbic member of the “great quarter guys!” industry....
...He noted that its plan to contest every seat — unlike in 2019, where it unilaterally stood candidates down in Conservative held seats — cut approximately 5-6 percentage points from the vote share of Tory...
...At pixel time, Burford’s market cap is $2.9bn, with a share price of $13.18. At full face value, Burford’s $6.3bn share of the judgment would be worth nearly $29 per share....
...JPMorgan, an industry bellwether, is reporting earnings along with Citigroup and Wells Fargo. Bank of America and Goldman Sachs report results on Tuesday, while Morgan Stanley reports on Wednesday....
...In our view, this probably explains their strong re-rating (forward P/E of 27.2x), and why they are trading at a 110% premium to the STOXX 600 (13.0x)” wrote....
...It does have close to 34,000 homes in its land bank, which should last it well over a decade at its current pace of delivery....
...First Republic Bank is down 17 per cent, Charles Schwab has slid 13 per cent, and Wells Fargo is off 6.2 per cent. First Republic and Wells Fargo are, notably, based in San Francisco....
...As well as showing about 1,200 works from its collection (which numbers about 50,000 globally), the bank has commissioned wall-works by three emerging British artists — Simeon Barclay, Rene Matić and Claire...
...at c12-13%....
...Profits at rival Citibank were up 2 per cent to $3.5bn while at Wells Fargo they rose 60 per cent to $5.8bn. BlackRock, the world’s biggest asset manager, reported profits up 13 per cent to $1.6bn....
...Bank of America rose 2.1 per cent, while Wells Fargo and JPMorgan Chase added 4.5 per cent and 3.5 per cent, respectively....
...Average UK rents rose by £1,320 in the year to September, or £110 a month, to an annual £13,956, according to property site Zoopla....
...Depositors then withdrew $42bn from SVB and on March 10 it was seized by the US government. With confidence dented across the sector, New York’s Signature Bank also fell....
...The government’s ambitions to fire up markets have been broadly well received, but generating homegrown demand for UK stocks from big investors will be tricky, the bank said, and households are likely to...
...An emergency recapitalisation of the bank cost the Ukrainian state the equivalent of 6 per cent of gross domestic product....
...So let’s take a look at a few individual sectors, with the aid of this chart from Wells Fargo: 1) Rents....
...Well, it’s over....
...About three in 10 voting shareholders at Goldman Sachs, Wells Fargo and Bank of America backed resolutions that called for the board to set out climate transition plans, with the figure rising to 35 per...
...JPMorgan, Citi and Wells Fargo report earnings on Friday, followed by Bank of America on April 18....
...JPMorgan reported earnings on Friday along with Bank of America, Citigroup and Wells Fargo....
...It kicked off for the financial industry on Friday with reports from JPMorgan, Citigroup, Wells Fargo and BlackRock, and there is a wider array on the docket for next week....
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