Bank of America is sitting on the largest losses among the country’s biggest banks in a key portion of its bond portfolio. Bank of America (ticker: BAC), like other banks, invests in Treasury securiti...
Tag: C
Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.
The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...
NvirWorld Continuing CSR Efforts, Launches ‘BLUE ROSE’ Donation C…
Singapore, Singapore, 20th February, 2023, Chainwire NvirWorld is pleased to announce the launch of its donation campaign, “BLUE ROSE“, in collaboration with “Sandol School”, a...
Sell your Bank of America shares now, says KBW
Shares of the largest U.S. banks have been performing well so far this year, but David Konrad of Keefe, Bruyette and Woods believes the party is over for Bank of America Corp. Konrad downgraded Bank o...
Adani Delivers Tome in Response to Short-Sale ‘Attack on India’
The Adani Group has returned fire after an attack by the short seller Hindenburg Research, attempting to bolster its corporate image after shedding more than US$50 billion in market capitalization. Ad...
Plug Power Stock Took a Dive. Here’s What Wall Street Thinks.
Shares of hydrogen and fuel cell technology company Plug Power took a hit after the company gave a disappointing update about how 2022 finished off. But Wall Street is still bullish about 2023. Wednes...
Here’s why Citigroup’s stock stands out among the biggest U.S. banks
The “big six” U.S. banks have all reported their fourth-quarter results, wrapping up a difficult 2022, when soaring interest rates forced a decline in several areas of business. Citigroup Inc. C, -1.7...
What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
America’s banking giants are looking into their economic crystal balls, and not all of them like what they see. JPMorgan , Bank of America , and other top U.S. banks recently offered economic outlooks...
Citigroup, Target, Lennar, and 2 More Companies Keeping Their Dividends Steady
PPL, a utility based in Allentown, Pa., said this week that it plans to raise its next quarterly dividend by 7%. It was an otherwise light stretch for such announcements among large U.S. companies. PP...
JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates b...
JPMorgan Reports Earnings Friday. Here’s What to Expect.
JPMorgan Chase will be one of the first big banks to report fourth-quarter 2022 financial results on Friday, and Wall Street expects a mixed bag. Revenue at the bank is forecast to swell to $34.5 bill...
Citigroup Reports Earnings Friday. Here’s What Wall Street Expects.
Citigroup is in the midst of a yearslong turnaround. On Friday, Wall Street will see how successful the bank’s efforts have been. Like most of its peers, Citigroup (ticker: C) is expected to post a dr...
Bank of America Posts Earnings Friday. What Wall Street Expects.
Higher interest rates are expected to drive up Bank of America ‘s fourth-quarter revenue, even as the bank is projected to see a drop in profits. Bank of America (ticker: BAC) is forecast to post reve...
Chainlink (LINK), Cardano (ADA), and Orbeon Protocol (ORBN) Top C…
There are thousands of cryptocurrency projects to choose from this Christmas but three that have significantly stood out include Chainlink (LINK), Cardano (ADA), and of course Orbeon Protocol (ORBN). ...
As Citigroup Weakens, Here’s What the Charts Say Is Next for the Stock
Shares of Citigroup (C) have weakened in the past year and the selloff does not look over yet. Let’s check out the charts and indicators on the banking giant. In the daily bar chart of C, bel...
Stock market’s wild gyrations put earnings in focus as inflation crushes Fed ‘pivot’ hopes
Unrelenting inflation has dashed hopes for a quick pivot away from aggressive interest rate hikes by the Federal Reserve, which in turn is undermining the U.S. corporate earnings outlook for 2023 and ...
Citigroup Reports Earnings Friday. What to Expect.
Wall Street will be looking for more signs of Citigroup turnaround when the bank posts third-quarter results Friday. Like all banks, Citigroup (ticker: C) has faced challenges this year as it has had ...
JPMorgan Report Earnings Today. What to Expect.
JPMorgan Chase will kick off the third-quarter profit-reporting for the big banks on Friday, and Wall Street is looking ahead to the numbers with tempered expectations. Speaking at a CNBC conference t...
PVC Prices Are Falling. Why Warren Buffett Should Be Worried.
One thing leads to the other. Rising interest rates pummel housing. Lumber prices fall, some 60% this year. And, notes energy research firm and investment bank Tudor Pickering Holt, PVC—the plastic th...
Bank Stocks Have Gotten Slammed. Here Are 4 Worth a Look Ahead of Earnings.
Another bank earnings season is coming upon us, and no one is feeling too excited. Yet excitement isn’t what makes stocks like Citizens Financial Group and M&T Bank attractive. Make no mistake, ba...
S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long
Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an e...
Senators drill down on Zelle reimbursements, inflation and ‘uber-woke’ policies in bank CEO hearing
Democratic senators criticized banks for not serving consumers fairly while Republicans complained about liberal social agendas promoted by the same institutions, as chief executive officers of the co...
Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Citigroup Joins Industry Effort to Lend to People Without Credit Scores
Citigroup is joining a government-sponsored effort to expand access to credit in underserved communities. The bank is launching two pilot programs early next year under the Office of the Comptroller o...
CrowdStrike’s Latest Earnings Convince Analyst It’s a Top Cybersecurity Stock
CrowdStrike’s strong fourth-quarter earnings and upbeat guidance underlines its status as one of the top performing software security names, according to one analyst. D.A. Davidson analyst Rudy Kess...