Hints and tips:
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...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....
...The Wells Fargo Investment Institute has five hot ideas for your portfolio this year....
...Workers at a Wells Fargo bank branch in Albuquerque yesterday voted to form a union, making them the first employees of a major US bank to unionise in the latest sign of the resurgence of the labour movement...
...Fargo Q3 World events Finally, here is a rundown of other events and milestones this week....
...Results: BlackRock, Citigroup, JPMorgan Chase, PNC Financial Services, UnitedHealth and Wells Fargo all report today. One more thing: Our new Central Banks newsletter launches next Tuesday....
...But they were unimpressed by the bank’s 10 per cent increase in profits, eclipsed by Wells Fargo (68 per cent) and JPMorgan (38 per cent) last week....
...“F.E.E.L.I.N.G.C.A.L.L.E.D.L.O.V.E” and “Sorted for E’s & Wizz” were ticked off like rites of passage from someone moving from Sheffield outsider to Britpop in-crowd....
...Premium subscribers can sign up here for Chris Giles on Central Banks, your essential guide to money, interest rates, inflation and what central banks are thinking....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Fargo analysts wrote on Monday....
...This morning, some of the biggest US banks reported their first-quarter profits, and JPMorgan, Citigroup and Wells Fargo have confounded pessimistic expectations....
...Analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo to report collective net interest income for the final three months of 2022 of almost $60bn, up 30 per cent year on year, according...
...Profits fell at JPMorgan after the bank set aside $1.5bn for potential loan losses; by more than 30 per cent at Wells Fargo after a fake accounts scandal; and by a similar amount at Morgan Stanley following...
...“The global economy continues to be whipsawed by the ups and downs of the pandemic,” said Jay H Bryson, chief economist of Wells Fargo....
...How well did you keep up with the news this week? Take our quiz....
...“Idiosyncratic stories that ‘make or break’ fund performance seem to have occurred more frequently in 2021 than in previous years,” Christopher Harvey, an analyst at Wells Fargo, said in a note....
...The first companies to report earnings include Delta Air Lines on Thursday, followed on Friday by the banks JPMorgan Chase, Citigroup and Wells Fargo and the asset management behemoth BlackRock....
...The US president announced last month he intends to appoint Saule Omarova as comptroller of the currency, which supervises national banks including Bank of America and Wells Fargo....
...Capital One, Citigroup, Wells Fargo, Synchrony Financial and Santander You’ve built out a system to manage fraud risk, do you want to do credit risk as well?...
...Economic data Interest rates will be a theme of the economic week with central bank committees meeting in Tokyo, London and Stockholm as well as other places to decide whether to tighten monetary policy...
...He declined to comment on whether the BoE was close to setting a negative interest rate, saying the review of the idea was continuing and would not be complete until “well into the second half of the year...
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...Countries that have managed the health crisis well will enjoy a greater rebound in consumer confidence and quicker reopening, say economists — and that is what gives them the best chance of enjoying a V-shaped...
...This is not a normal recession.” Provisions were higher in the US than in Europe, with more than $57bn across JPMorgan, Wells Fargo, Citigroup and Bank of America alone....
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