Hints and tips:
Related Special Reports
...According to its website, it has generated nearly $6bn in revenue and employs more than 3,500 people globally. Presidio has long been a favourite with private equity firms....
...Several banks, including Bank of America and Wells Fargo, offer AI-powered chatbots to help retail customers manage their finances....
...But only a handful including Barclays and Wells Fargo include lending and capital markets activities in their target for cutting their carbon footprints from the oil and gas sector on an absolute basis as...
...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....
...Chart of the day Results from four of the US’s largest banks on Friday — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — showed their lending businesses benefited significantly from higher...
...“The financial health of our consumers remains strong,” Wells chief executive Charlie Scharf told analysts....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...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...
...The workers, who voted 5-3 in favour of organising, will be part of Wells Fargo Workers United, a union formed in 2021 that is associated with the Communications Workers of America....
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
...The backlog is four times larger by value than it was during the global financial crisis. Not all these unsold companies will be duds....
...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 was alone among the lenders in reporting a year-on-year increase in quarterly earnings, with net income up 9 per cent to $3.45bn as the San Francisco-based lender cut costs....
...Sameer Samana, senior global market strategist at Wells Fargo, described the release as “almost stagflationary: where you’ve got growth slowing but prices are still a little bit stickier than markets and...
...Fargo and JPMorgan....
...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....
...Wells Fargo alone said it spent more than $1bn on unexpected job cuts in the fourth quarter....
...Please tell us if think the Wells Fargo asset cap will be lifted in the comments section below....
...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....
...Revenues from operations rose 3 per cent in the quarter to $21bn, again better than analysts had expected....
...Several banks, including Barclays and Wells Fargo, have partnered with asset managers to establish a toehold in private credit....
...Only about one-third of available Airbnb rentals for the Paris area have so far been booked during the Olympics, according to data analytics group AirDNA, while 3,000 to 3,500 new listings are coming online...
...JPMorgan Chase, Citigroup and Wells Fargo were all able to charge more on loans while increasing payouts on deposits more slowly....
...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....
...Spot bitcoin ETFs will be available on Schwab, Fidelity, SoFi and Wells Fargo’s platforms....
International Edition