Hints and tips:
...“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....
...The episode is an embarrassing early blow for new chief executive CS Venkatakrishnan, who was group chief risk officer at the time of the sales....
...“Revenue in UK and cards offset a weaker markets performance and costs were contained,” said Jefferies analyst Joseph Dickerson....
...Chief financial officer Andy Halford warned that the bank faced “upwards pressure” on wages as it seeks to grow wealth management in Asia, saying banks were “circling around certain skillsets”....
...Trading was the primary “weak spot” in the results, according to Jefferies analyst Joseph Dickerson....
...Chief financial officer Andy Halford said the emerging markets-focused lender would slash its network to 400 from 776 branches after they experienced less usage during worldwide lockdowns in 2020....
...Joseph Dickerson, an analyst at Jefferies, said “the updated 2022 strategy plan looks a bit dull” and investors were “searching for the narrative”....
...But Ms Dickerson believes that Ms Bower’s calculations were a little more sophisticated....
...Joseph Dickerson, an analyst at Jefferies, said he expected investors to be disappointed by the bank’s smaller than expected dividend....
...Former Etsy chief operating officer Linda Findley Kozlowski will replace him as CEO, effective April 8. Ms Kozlowski will also serve as president and a member of the board....
...Joseph Dickerson, analyst at Jefferies, said the PPI charge “casts a pall over [an] otherwise benign” second quarter....
...“The bottom line is that financial markets lines are offsetting deceleration in higher multiple businesses such as cash management,” Mr Dickerson said....
...Lloyds Banking Group has picked longstanding Morgan Stanley investment banker William Chalmers as its next chief financial officer....
...Chief financial officer David Arden told analysts that the weakness in the first quarter meant its full-year deposit growth rate would be “materially lower” than the medium-term target of 20 per cent, which...
...Joseph Dickerson, banks analyst at Jefferies, said the fourth-quarter markets performance was reassuring “as it was much better than what we saw at peers globally.”...
...Joseph Dickerson, banks analyst at Jefferies, said: “Whilst we see scope for a rising [dividends] and potential buybacks, the 5-7 per cent revenue target is incredibly challenged.”...
...One person for whom this week’s reshuffle is good news is Paul Compton, another recruit from JPMorgan who is chief operating officer and Mr Staley’s right-hand man....
...George Culmer, Lloyds’ chief financial officer, told analysts that he saw no such clouds on the Brexit horizon....
...Andy Halford, chief financial officer, signalled that the shift in strategy would mean further job losses at StanChart, which has been shedding staff continuously as part of a three-year turnround effort...
...Mr Dickerson had continued to assume duties of the chief finance officer following his appointment to the top job....
...Mr Dickerson was ousted, along with 80 employees. Under Mr Silverman, Etsy retains at least some of its original ethos....
...Mr Dickerson added that the hit to RBS’ capital levels would be partially offset by the favourable impact of incoming accounting rules....
...That was an intentional and “unusually low level of marketing spend,” said Brad Dickerson, the company’s former chief financial officer who was delivering his first set of quarterly results since he replaced...
...A new chief executive is taking over at Blue Apron, with chief financial officer Brad Dickerson replacing the US meal-kit company’s founder Matt Salzberg in the top job....
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