Hints and tips:
...Wells Fargo’s bank analyst Mike Mayo has a well-deserved (if not entirely unblemished) reputation for being an unusually acerbic member of the “great quarter guys!” industry....
...Wells Fargo pays more, and JPMorgan and Bank of America not much less. That may not be a great reassurance when the duration of the shutdown is uncertain. But there is another reason for hope....
...(Reuters, FT) JPMorgan and Wells Fargo earnings Earnings season kicks off on Tuesday with two of the biggest US banks giving investors the best impression yet of how the pandemic is weighing on the financial...
...Since 2016, when US regulators revealed that Wells Fargo had opened millions of unauthorised accounts, nine of 14 members of the bank’s board of directors have stepped down, and the chief executive has changed...
...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....
...(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...
...Lynch, Morgan Stanley and Wells Fargo Securities on financials; Wachtell, Lipton, Rosen & Katz and Latham & Watkins on the legal; Joele Frank on PR)....
...This was expected but it’s still a potentially damaging blow to Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC, and to a housing recovery that is yet to even begin....
...Bank of America Merrill Lynch has been a critical partner to Nasdaq and ICE’s $11.3bn cash-and-shares bid for NYSE Euronext, for which BofA Merrill and Wells Fargo have agreed to provide financing, if necessary...
...The defendants read like a who’s who of the Street: Wells Fargo, JP Morgan Chase and Morgan Stanley are among those that will face a pre-trial conference on April 30....
...But Kim Whelan, economic analyst at Wells Fargo Securities, said that while recovery was plausible, concerns about the consumer remained....
...In the US, the carnage is well under way....
...The S&P financials index tumbled nearly 17 per cent to a level last seen in April 1995 as shares in Wells Fargo, JPMorgan , Bank of America and Citigroup fell sharply....
...Mack, Chairman and chief executive, Morgan Stanley Vikram Pandit, Chief executive, Citigroup John Stumpf, President and chief executive, Wells Fargo...
...The four biggest US commercial banks – JPMorgan Chase, Citigroup, Bank of America and Wells Fargo – possess 64 per cent of the assets of US commercial banks (see chart)....
...Wells Fargo, for example, announced its best quarterly earnings ever....
...Fargo....
...Citigroup fell 11.9 per cent to $17.75 The embattled bank was in talks over the weekend with Wells Fargo and Banco Santander as well as Citigroup. Wells Fargo fell 10.9 per cent at $33.25....
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