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 Wells Fargo Investment Institute has five hot ideas for your portfolio this year....
...Morgan Stanley’s wealth management business is a stabiliser, too (Wells Fargo is a whole different conversation)....
...Bar David says her company is well-positioned to take share from traditional banks as society adapts to new ways of working and banking in the years ahead....
...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....
...Many seem to have gravitated to a general “win-win” market positioning that bets on either a V-shaped economic recovery, the effectiveness of central banks’ backstops, or both....
...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)....
...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....
...“All the negatives are more than embedded in the markets,” said Margie Patel, a senior portfolio manager at Wells Fargo Asset Management. “You have had trillions of dollars come into financial markets....
...Wells Fargo, where profits fell 90 per cent, did the same. Johnson & Johnson, the drug and consumer products group, managed to raise its dividend but cut its guidance for the year....
...(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...
...Amount of money raised so far: $26.3m Valuation at latest fundraising: n/a Major shareholders: Drive Capital, ING, Wells Fargo, Alsop Louie, the University of Chicago....
...The energy transition strategy update in March is key to becoming more positive on the stock, absent a V-shaped recovery for their O&G customers. Glaring value?...
...Just 30% expect a V shaped recovery in the stock market....
...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....
...Embattled Wells Fargo CEO Tim Sloan left the bank after a number of high-profile scandals and Mark Parker hung up his Nike shoes, ending a 13-year tenure that was marked by successes and controversies....
...Ashtead, a £6bn company, is down by a fifth with no news on the tape other than Bank of America repeating “buy” advice....
...Companies are fully on board with the idea that Covid-19 is well on the way to being contained, which reduces it to a quarter-on-quarter blip in the spreadsheet....
...If you think about it, it’s a good combination: as the name suggests, IFF specialises in flavour and fragrances used in food while DuPont’s N&B business is all about textures....
...They included injection site pain and redness, as well as temporary fever or chills that quickly go away on their own, he said.Bancel said the company felt it needed to release the interim data from the...
...RTN has a £220m bank facility and a £225m bond (relating to Wagamama). There is no covenant on the bond debt, other than paying the interest....
...(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...
...Joseph Wong has moved to Wells Fargo Asset Management as a senior solutions manager for the $483bn investment arm of the US financial services provider....
...and Wells Fargo....
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