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...Several private bankers at Citi’s rivals said their banks encouraged them to log calls but had not made this an explicit requirement....
...“I’m expecting that banks will indicate that the recent drop in net interest income will hit its trough this year.”...
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...Those figures, as well as adjusted net income of $1.47bn, all beat the expectations of analysts polled by Bloomberg....
...JPMorgan did not provide any revenue or net income projections for its new venture. It does not need to. The bank made nearly $50bn in net income on $158bn of revenue last year....
...Citi reported net income of $3.4bn in the quarter, down 25 per cent from a year ago but better than the $2.3bn that analysts had forecast....
...“All of that then leads you to a view of net zero happening later,” Grant Dougans, a partner at Bain, told Energy Source....
...Having Blizzard game licences in its portfolio is not just about the boost to its net income. Crucially it gives NetEase an edge over Tencent, its biggest local rival....
...And net-net the winners are not the gamblers but the casino....
...Because the apps log workers’ data when they are on and off duty, recording every piece of information they can get their hands on — from their preferred routes, to how often they contact Uber services,...
...Of course, we now know that nonstop messages make it harder to log off. But at least we get to send emojis to our bosses....
...The latter, whose core customers are lower income Americans living in rural areas, eked out a 0.7 per cent rise in same-store sales but suffered a 39 per cent drop in net income during the fourth quarter...
...But even without their net inflows of $11bn in the three months to the end of March, active ETFs as a whole still attracted record amounts of investor money....
...CBOE’s BZX equities exchange features in the second chart because of just one stock, CBOE Global Markets Inc. None of this constitutes a scoop, we’ll be honest, but it’s a Friday....
...Moving the above chart’s Y-axis on to a log scale better reveals some interesting long-term hitters: Clearly, the data here is heavily flawed....
...SAP’s announcement “does go to show this is not a net job loss; it’s more of a reskilling”, said TD Cowen analyst Derrick Wood....
Cryptocurrency down 16% from its peak as net fund flows turn negative
...Forty-nine per cent of the ETFs that reduced fees in 2022 experienced increased net flows in 2023, Ignites Europe analysis of Morningstar data finds....
...In the first three quarters of the year, net losses reached $390.5mn, nearly three times the size of the equivalent loss the previous year....
...Across all BlackRock entities, US CITs had more than $1tn in total net assets as of September 30 2023, Morningstar data shows....
...Despite the brighter outlook for net interest income, on average across the six banks analysts are anticipating net income for the first three months of 2024 will fall about 14 per cent, according to consensus...
...Shah criticised Novavax in his letter for only generating around $25mn in net commercial US sales from its Covid-19 jab during the winter season, despite spending $300mn on a sales and marketing push....
...IBIT’s total assets now sit at around $12.7bn, a combination of bitcoin’s appreciation and more than $7bn in net inflows....
...Lex calculations suggest the programme could have accounted for as much as 70 per cent of Delta’s net income in 2023....
...The S9 chip for new versions of the Apple Watch, unveiled in September, allows Siri to access and log data without connecting to the internet....
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