Hints and tips:
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...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....
...The derivatives regulator on Tuesday imposed $266mn in fines on five swap dealers and futures brokers — BNP Paribas, Société Générale, Wells Fargo, Bank of Montreal and Wedbush Securities — for messaging...
...Wells Fargo chief executive Charlie Scharf last week told analysts and investors that the bank, which has $142bn in commercial real estate loans outstanding, is managing its exposure to the area....
...of America, Wells Fargo and Chinese carmaker BYD among others....
...Its largest partnership, with Wells Fargo, began in 2016, said David Goldstone, a manager of research and analytics at Backend Benchmarking....
...The US president announced last month he intends to appoint Saule Omarova as comptroller of the currency, which supervises national banks including Bank of America and Wells Fargo....
...The days ahead US bank earnings Investors’ hopes are high as JPMorgan Chase, Citigroup and Wells Fargo kick off fourth-quarter results season for banks....
...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, BlackRock and Amazon announced yesterday that they were delaying plans for staff to come back to the office, a sign of how the spread of the Delta variant is hampering the plans for a return...
...The EU has gone through a decade of demand stagnation, performing well below its productive potential....
...The combined PNC-BBVA USA will be the fifth-largest retail bank in the US behind JPMorgan Chase, Bank of America, Wells Fargo and Citigroup, which each have assets of at least $2tn....
...Provisions were higher in the US than in Europe, with more than $57bn across JPMorgan, Wells Fargo, Citigroup and Bank of America alone....
...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....
...He said he expected dividend payments to largely be flat overall this year, and a dividend cut is already factored into Wells Fargo’s share price....
...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)....
...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....
...Across their overall books senior executives at Bank of America, Wells Fargo and US Bank have publicly said that between 25 per cent and 40 per cent of those who were granted forbearance continued making...
...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....
...“We’re here to help,” said Brian Moynihan of Bank of America. “We are here to help,” said Michael Corbat of Citigroup. “We are all here to help,” said Charlie Scharf of Wells Fargo....
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...The president sued the companies — accounting firm Mazars USA and banks Deutsche Bank and Capital One — to stop them from complying with the subpoenas. What is Mr Trump arguing?...
...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...
...Our price target is based on a mix of our DCF as well as P/E and EV/EBITDA multiples....
...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....
International Edition