Hints and tips:
...“While the new targets are hardly standout, they are better aligned with shareholders,” said Jonathan Pierce, an analyst at Numis....
...For every 10bp increase, sector profits fall by £1bn or 5 per cent, estimates Jonathan Pierce at Numis....
...“The new financial targets are, to say the least, ambitious and likely to take the spotlight,” said Numis analyst Jonathan Pierce. “The big question is whether the market believes the revenue target.”...
...Risk weighted assets at domestic UK lenders might rise by 3 per cent in the first year, thinks Jonathan Pierce at Numis....
...“The numbers are fine but most importantly, full year [net interest margin] guidance is reaffirmed,” said Jonathan Pierce, an analyst at Numis....
...For every 10bp increase in deposit rates, sector profits fall by £1bn or 5 per cent, estimates Jonathan Pierce, an analyst at Numis....
...“There is very little positive in this statement,” said Numis analyst Jonathan Pierce, referring to the bank’s results. “To say this is disappointing is an understatement.”...
...“We expect Barclays shares to soften slightly today,” said Numis analyst Jonathan Pierce. “The miss on income and UK guidance is unhelpful . . ....
...This is pertinent when the Bank of England is unwinding its quantitative easing programme, notes Jonathan Pierce at Numis....
...“The drag is most likely coming from customer deposits that were down another £11bn or 2.6 per cent in the quarter, excluding repos and Ireland,” wrote Jonathan Pierce at Numis....
...“No bank is bulletproof, but the UK incumbents look well positioned to weather the storm,” Jonathan Pierce at Numis wrote in a report last week, pointing to factors including high holdings of liquid assets...
...“Such ruminations are not surprising,” said Numis analyst Jonathan Pierce, who estimates that UK deposit protection currently covers only 65 per cent of retail and small-business balances and about 50 per...
...The big UK banks are “in good shape to weather the storm,” says Jonathan Pierce, an analyst at Numis. So a repeat of the 2008 crisis looks unlikely for the UK. Is my bank deposit safe?...
...“Performance looks strong,” said Jonathan Pierce, analyst at Numis....
...Numis analyst Jonathan Pierce said: “The only potential grumble is that the group has not announced a further share buyback despite having completed the £500mn announced at full year already.”...
...The reform would raise plenty of money — equivalent to a reduction of about a quarter in domestic bank earnings by 2024, according to Jonathan Pierce of Numis. But it would be a messy kind of tax....
...Jonathan Pierce is one of those customers; he moved from California to a new home in upstate New York after retiring as a doctor, and resolved to furnish it in a nod to his childhood home, where his architect...
...Jonathan Guthrie is the head of Lex Find out about our latest stories first — follow @FTProperty on Twitter or @ft_houseandhome on Instagram...
...With regards to HSBC, Jonathan Pierce at Numis says: “The main focus may be capital, which could fall well below target given a combination of the France disposal and rate related headwind”....
...Pierce....
...Arguably most concerning is the UK with Nim at 3.1 per cent, just 9 basis points higher than in the third quarter,” said Jonathan Pierce, an analyst at Numis....
...In the UK, Numis analyst Jonathan Pierce says the six big UK banks have £600bn of debt securities, of which two-thirds are already carried at fair value....
...Pierce, an analyst at Numis, who estimated that the cut represents a “not immaterial” £1.4bn a year....
...They all benefit from Jonathan Cohen’s alert and lively conducting of the Orchestra of the Age of Enlightenment, whooping horns and all....
...“Financially, we think the deal could make sense,” said Numis analyst Jonathan Pierce....
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