Hints and tips:
Related Special Reports
...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....
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
...Four banks dominate vehicle lending in the US — Ally Financial, Capital One, Wells Fargo and JPMorgan Chase....
...“We believe that our awareness activities paired with attractive financing will go a long way in expanding our reach and driving demand for our products,” Tesla finance chief Vaibhav Taneja said on Tuesday...
...Organisers say that workers at several of Wells Fargo’s corporate offices are also interested in forming unions. The votes cover a very small fraction of Wells Fargo’s overall workforce....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Tesla’s price per vehicle, excluding regulatory credits and leasing or finance income, was $38,924....
...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...
...Its price to book value of nearly 3 times trumps that for mortgage-heavy Wall Street banks like JPMorgan, Bank of America and Wells Fargo. But Rocket doesn’t have appreciably higher return on equity....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...Beijing has signalled an increasing willingness to intervene in the EV market following a series of western complaints, as well as domestic concerns over the EV sector displaying signs of a boom-and-bust...
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...Aston’s shares have halved under Felisa’s tenure, amid concerns about the company’s finances. Last week Aston announced it had raised £1.15bn through its latest refinancing....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...It has a new chief executive in the form of the well-respected Ken Gilmartin. But investors have long memories, argues Jefferies analyst Mark Wilson....
...Several banks, including Barclays and Wells Fargo, have partnered with asset managers to establish a toehold in private credit....
...Despite this, in recent days executives from the country’s four largest banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — said during earnings calls that consumers were resilient....
...In China, by far the biggest auto market, BYD’s low-cost pure battery and plug-in hybrids account for about one-third of all new electric vehicles sold....
...Fargo and JPMorgan....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to midsized US companies, as banks race to find a toehold in the rapidly growing private credit...
...Tesla’s business — well, the bit that sells cars rather than hype — has been visibly in trouble for more than a year....
...Last week, Wells announced that it had hired Thomas Nides, a former top executive at Morgan Stanley, to be its new head of public affairs. Related and Wells Fargo declined to comment....
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...Wells Fargo alone said it spent more than $1bn on unexpected job cuts in the fourth quarter....
...Trading on a total enterprise value 7.7 times forward ebitda on capital IQ data, the chain comes in at a sharp discount to the branded sportswear stablemates as well as US peer Planet Fitness....
International Edition