Hints and tips:
...America’s Private Bank....
...Its earnings for the period exceeded those of Big Four rivals Bank of America and Citigroup combined....
...Some of the world’s biggest banks — Morgan Stanley, Wells Fargo and Bank of America — are all reportedly lining up to get involved in bitcoin, too....
...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....
...BlackRock, Citigroup, JPMorgan Chase, Wells Fargo, BNY Mellon and Bank of America will all report fourth-quarter figures on Friday....
...Several pointed out that it has avoided the whopping big mistakes of rivals such as Wells Fargo and Citigroup (they all noted that the London Whale was not a good look)....
...Fargo Q3 World events Finally, here is a rundown of other events and milestones this week....
...A bone-chilling examination of how companies can abet horrific crimes....
...Bank of America has named Anthony Knox as country executive for South Africa, according to a memo....
...Stocks we highlight: Wells Fargo, US Bancorp, Goldman Sachs, Morgan Stanley, Fifth Third, Keycorp, BNY Mellon, Northern Trust, Western Alliance, East West....
...(Bank of America also lent them money for the planes, but as you’d expect from a bank, it demanded interest payments and security over the jets.) Well, we have an update....
...A block known as 43-ITT produces 55,000 barrels a day of oil — about 12 per cent of the country’s total of 480,000 b/d — according to national oil company Petroecuador....
...Sometimes you have to take a step back before moving ahead. Wells Fargo is a case in point....
...But counter-intuitively, the large banks do not seem to be badly hit, at least not yet. Yes, entities such as Wells Fargo are hiking loss reserves....
...But they were unimpressed by the bank’s 10 per cent increase in profits, eclipsed by Wells Fargo (68 per cent) and JPMorgan (38 per cent) last week....
...Meanwhile peer Bank of America on the same day confirmed what JPMorgan, Wells Fargo and Citigroup had said recently....
...Red-state treasurers blacklisted big financial groups including BlackRock, Goldman Sachs, State Street and Wells Fargo....
...I’m glad Katie Martin isn’t here because I don’t think she’d be able. This is such a hurtful topic to her, the terrible performance of the UK market, that I don’t think she’d be able to be objective....
...Director and third owner Alastair Chandler is currently a steward of the Worshipful Company of Clockmakers....
...Between us, we’d like to think we publish a fairly decent amount of interesting articles....
...And so earlier this week, Wells Fargo downgraded Tesla’s stock. (Both make mock shocked noises) Its target for the stock is $120. It’s now about 170. And the bank’s previous forecast was 200....
...Companies are still doing a terrible job at figuring out who does what and how well they do it....
...Bank of America beat Wall Street expectations, but it wasn’t the only US bank to beat forecasts. JPMorgan Chase reported a 35 per cent jump in profits....
...The Permian produces about 5.8mn barrels of oil a day, out of about 13mn b/d in total US oil production....
...US oil production, which soared by almost 2mn barrels a day at the height of the shale revolution between 2018 and 2019, is set to grow by just 200,000 b/d over the next 12 months — with practically all...
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