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...Marty Mosby, bank analyst at Vining Sparks, said he has recommended that clients who have benefited from the rally in bank stocks trim their exposure ahead of first-quarter earnings reports next month....
...“It is positive in that it is coming down as quickly as it is,” said Marty Mosby, analyst at Vining Sparks. “The real issue is how far does it come down from here.”...
...Marty Mosby, an analyst at Vining Spark, said Goldman was “moving along the path” it outlined a year ago and would not be distracted from that “just because they have this shot in the arm from markets revenues...
...“The question is, can these three businesses continue on this favourable path,” said Marty Mosby, analyst at Vining Sparks....
...Mr Mosby also said the higher mortgage losses reflected the fact the loans “don’t fit” the Fed’s models since they were for wealthy individuals in Goldman’s private bank, rather than the “bread-and-butter...
...“[The] primary metrics we are watching for is continued growth in tangible book value, ability to sustain dividends and aggressive coverage of potential losses,” said Marty Mosby, analyst at Vining Sparks...
...Marty Mosby, an analyst at Vining Sparks, said those supports were a key reason for the “dichotomy” between rising loan-loss provisions and the small level of actual write-offs that banks are expected to...
...“We’re in a very different position than what we see in Europe,” said Marty Mosby, a veteran banks analyst at Vining Sparks....
...Marty Mosby, analyst at Vining Sparks, said that while executive pay votes would be “more contested each year” across the industry, Goldman would receive “more attention and pushback” than peers because...
...“It’s just business mix,” said Marty Mosby, analyst at Vining Sparks, noting that the capital markets areas that Goldman has heavy exposure to “did so well” in the first quarter, while credit losses would...
...Marty Mosby, analyst at Vining Sparks, said the provisions taken by the banks were only about 15 per cent of the loan losses they were subjected to over a two-year timeframe in Federal Reserve stress tests...
...“The biggest issue with oil and the virus is the adoption of [current expected credit loss],” said Marty Mosby, banks analyst at Vining Sparks, referring to the new US accounting standard for US banks that...
...Marty Mosby, banks analyst at Vining Sparks, thinks that the politics may be less important than the fact that low interest rates continue to squeeze bank margins and the benefits of cost-cutting programmes...
...Marty Mosby, an analyst at Vining Sparks, said he was not too concerned about the results, as Goldman was “investing in the rollout of their consumer bank, which should help generate higher returns in 2020...
...Marty Mosby, a veteran analyst at Vining Sparks, said the growth initiatives gave him comfort about the bank’s future, noting that several one-off factors hit earnings during the third quarter....
...The Whisper Man , by Alex North, Michael Joseph, RRP£12.99 While this may appear to be a debut of great assurance, Alex North is actually the seasoned crime fiction practitioner Steve Mosby....
...Marty Mosby, analyst at Vining Sparks, said he was encouraged by signs of growth as Goldman pushes into its new businesses....
...They eventually result in lower funding costs as the overnight federal funds rate comes down, according to Marty Mosby, an analyst at Vining Sparks....
...Marty Mosby at Vining Sparks in Memphis is pushing the idea of an “inflection point” for Wells, “as interest in [the scandal] has begun to wane, regulatory reviews are concluding, and earnings growth restarts...
...Marty Mosby, banking analyst at Vining Sparks, said on Wednesday: “Wells is just trying to clean up — this is another step in which they are shedding anything that doesn’t contribute to the core business...
...Marty Mosby, analyst at Vining Sparks, said: “They’ll be softly asking clients to find other places to park their deposits . . . It’s just something that they do for them as a service.”...
...“Being able to produce and deploy capital and being able to produce improving earnings are two different things,” said Mr Mosby....
...“You kind of give them the benefit of the doubt, because it’s Goldman,” says Marty Mosby at Vining Sparks in Memphis, about the consumer lending push....
...Fundamental tailwinds are now in place for the [big banks] to continue generating the positive momentum that bank investors have been waiting for, even without any meaningful policy changes,” says Marty Mosby...
...Thanks to a stable economic backdrop and higher short-term interest rates, there is a “strong environment for the large-cap US banks to finally begin to improve profitability again,” according to Marty Mosby...
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