Hints and tips:
...That is one reason global investors steer clear of Europe’s banks, thinks Joseph Dickerson at Jefferies....
...Clarity on strategy, capital consumption and returns is needed at the update on 20 February,” said Jefferies analyst Joseph Dickerson. “The CEO has sent some mixed signals” in recent interviews....
...Joseph Dickerson, analyst at Jefferies, said: “The focus of the results in our view is to what extent investors buy in to the 12 per cent return on equity guide for 2026....
...“Investors were expecting a clean set of numbers . . . and we do not have that today”, said Joseph Dickerson, an analyst at Jefferies....
...Jefferies analyst Joseph Dickerson said he was disappointed that management had “stuck to its stale [£2bn] full-year buyback policy” and pointed out that the lender had another £2.5bn in excess capital....
...“Not a lot to nitpick in a strong quarter characterised by revenue strength in all segments,” said Jefferies analyst Joseph Dickerson....
...“This transaction is a clear positive for HSBC,” said Jefferies analyst Joseph Dickerson. “The company will recycle the related gains back to shareholders....
...It remains 7 per cent higher as the story “awakened animal spirits”, according to Jefferies analyst Joseph Dickerson....
...Joseph Dickerson, an analyst at Jefferies, said the loss was “an unhelpful matter which has triggered an independent review around the control environment”, adding that “regulatory inquiries may weigh on...
...“Revenue in UK and cards offset a weaker markets performance and costs were contained,” said Jefferies analyst Joseph Dickerson....
...Joseph Dickerson, an analyst at Jefferies, said that another reason for the decline was that NatWest’s net interest margin (NIM) — the difference in income between interest charged and paid out, and a core...
...“It is hard to see earnings estimates for 2022 or 2023 moving higher on the back of the third quarter,” said Jefferies analyst Joseph Dickerson. The shares plunged 9 per cent in London on Tuesday....
...“With the prospect of interest rates going up there ought to be plenty of demand from borrowers for such a product,” said Joseph Dickerson, managing director at Jefferies....
...Joseph Dickerson, an analyst at Jefferies, said the structure of the trading plan could allow NatWest to start a share buyback programme....
...“The key dynamic for banks in this coronavirus crisis is duration,” said Joseph Dickerson, banking analyst at Jefferies....
...Trading was the primary “weak spot” in the results, according to Jefferies analyst Joseph Dickerson....
...“A solid first quarter that can be built upon,” said Jefferies analyst Joseph Dickerson. “We had expected a strong quarter in wealth and the company delivered.” The stock rose 2.6 per cent in London....
...Joseph Dickerson, analyst at Jefferies, said Virgin’s underlying position was “in line with market thinking”, but described an extra charge for historic payment protection insurance mis-selling as “the fly...
...Joseph Dickerson, analyst at Jefferies, said: “Investors in Metro should welcome the news, as this removes the near-term need to raise £200m to £300m of likely expensive senior debt.”...
...Joseph Dickerson, an analyst at Jefferies, said “the updated 2022 strategy plan looks a bit dull” and investors were “searching for the narrative”....
...Jefferies analyst Joseph Dickerson said Lloyds results were “stellar on all fronts” and the 2021 guidance would result in “material” upgrades to consensus forecasts....
...“[The] impairment charge for [the year is] higher than expected, though Virgin Money had looked less conservative than peers,” said Joseph Dickerson, an analyst at Jefferies....
...We have both of these today,” said Joseph Dickerson, analyst at Jefferies. The majority of charges for potential loan losses came in Barclays’ consumer and credit card businesses in the UK and the US....
...“During the coronavirus pandemic we need bank CEOs to be looking through their front windscreen rather than their rear-view mirror,” said Joseph Dickerson, an analyst at Jefferies....
...“Regulatory uncertainty has once again reared its head,” said Joseph Dickerson, an analyst at Jefferies....
International Edition