Hints and tips:
...The Wells Fargo Investment Institute has five hot ideas for your portfolio this year....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...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?...
...Wells Fargo estimates that the group’s debt, including preferred equity, already stands at a multiple of four times underlying earnings....
...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....
...But a lengthy cycle of loan losses and business failures remains a legitimate risk scenario (just look at the initial reaction to the results from Wells Fargo)....
...In the US, $9.5bn of credit charges — including loan loss provisions — pushed Wells Fargo to a $2.4bn loss, while profit fell more than 50 per cent at Citi, Bank of America and JPMorgan....
...Saudi Aramco has hired Wells Fargo banker Robert Fernandez to manage its relationship with banks after the oil company completed the world’s biggest share sale....
...Amid tougher regulation, a whopping fine from the US Department of Justice and the increasing dominance of US competitors, the bank’s share price, which McFarlane had said in a well-flagged 2015 declaration...
...At the end of the day, I’m a banker and not an economist or a politician.”...
...Airbus – cut to N from OW; remove from AFL: AIR looks in a better position than Boeing, which is also dealing with the MAX grounding and a weak balance sheet....
...For S&N it all boils down to 2020 adjusted trading profit of $1,218bn to US$1.241bn versus a consensus of $1.243bn, so hardly a warning at all....
...RTN has a £220m bank facility and a £225m bond (relating to Wagamama). There is no covenant on the bond debt, other than paying the interest....
...(BBG) News round-up Wells Fargo/Eastdil: private property (FT) Renault investors rush to sign up for carmaker’s annual showdown (FT) Wells Fargo CEO search drags on as two top candidates take a pass...
...DC expects to comply with bank covenants unless all operations close for an extended period....
...You can download an illuminating podcast about his thinking process on iTunes, which is well worth listening to, if only for his magnificent Kenneth Williams-style drawl....
...Lynch, Morgan Stanley and Wells Fargo Securities on financials; Wachtell, Lipton, Rosen & Katz and Latham & Watkins on the legal; Joele Frank on PR)....
...(FT) News round-up RBS’s $4.9bn US deal clears way for reprivatisation (FT) Wells Fargo warns of income hit from lower fees (FT) Comcast to include $2.5bn break fee in any new Fox approach (FT) Digital...
...Picaud will be replaced at Essilor by Hilary Halper, who joined the company only a year ago as head of M&A after previous stints at GlaxoSmithKline, Wells Fargo and Deutsche Bank....
...With the launch of the offer for all preference shares in Unilever N.V. we are also taking important steps to simplify our capital structure and improve corporate governance....
...With the launch of the offer for all preference shares in Unilever N.V. we are also taking important steps to simplify our capital structure and improve corporate governance.”...
...well relative to a non-advanced economy....
...It valued the orthopaedic devices maker at £12.25 on a standalone basis, with a further 200p to 250p possible from M&A....
...Lindsay Whipp EARNINGS Johnson & Johnson Q2 $1.69 ($1.66) JPMorgan Chase Q2 $1.44 ($1.46) Wells Fargo Q2 $1.03 ($1.01) Yum Brands Q2 $0.62 ($0.73) Trading and sales updates: Firstgroup, Michael Page...
...These absurdist and ironic twists were all very well, I said to the V&A exhibition’s co-curators Catherine Flood and Gavin Grindon, but were they effective?...
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