The failures of Silicon Valley Bank and First Republic Bank last year cost the Federal Deposit Insurance Corporation (FDIC) $18.7 billion. The FDIC imposed a special assessment on 114 financial instit
Over a recent lunch with Warren Buffett, Citigroup CEO Jane Fraser outlined her latest round of reorganization efforts to simplify the bank. He told her to keep going.
Financials sector earnings have been mixed so far. Decent numbers were reported by JPMorgan Chase & Co. (JPM, Financial), while Bank of America Corp. (BAC, Financial), Wells Fargo & Co. (WFC, Financia

Q4 Earnings Season Kicks Off Positively

07:51pm, Wednesday, 17'th Jan 2024
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods,
The modern stock market is filled to the brim with near-legendary names of titanic companies that – especially in the technology sector – practically dominate our world.
US bank earnings, with more than $1 trillion in market capital reported on the first day of the fourth quarter earnings season alone, support the view of Bank of America analysts for a continued re-ra
Bill Nygren, Oakmark portfolio manager, joins 'Money Movers' to discuss his thoughts on stocks the markets may be ignoring, his view on General Motors, and more.
Banks on Tuesday will urge the U.S. Federal Reserve to completely overhaul a draft rule hiking bank capital, in the latest leg of Wall Street's effort to water down the Basel Endgame proposal that ban
Citigroup (C) plans to cut 20,000 job positions over the medium term. This is expected to reduce its expense base, thereby positively impacting its future performance.

3 retailers to compound your wealth this cycle

09:01am, Monday, 15'th Jan 2024
Today's market is the epitome of opportunity for those who know where to look. Considering that most market analysts suggest the stock market is overvalued today, by measures such as the Buffett indic
The credit cycle, as well as the business cycle in the United States economy, is getting underway for a major pivot coming into 2024. Whether you are a long-term investor or enjoy dabbling in and out

S&P 500 forecast for end of 2024

08:23am, Monday, 15'th Jan 2024
Last year, and its final quarter in particular, saw remarkable growth both on the stock market and with numerous cryptocurrencies.
Citigroup reported a worse-than-expected top line and a $1.8 billion loss, but the loss was mostly due to restructuring charges. The bank announced plans to cut 20,000 jobs and exit competitive and ri
Citi reported strong earnings on January 12, but fell short of revenue expectations. The institution reported robust overall results, with a very healthy 13.3% Tier 1 Capital ratio. Citi's Series J pr

Breaking Down Early Q4 Earnings Results

09:03pm, Friday, 12'th Jan 2024
We are off to a good enough start in the Q4 earnings season, though it may be hard to reach that conclusion from the seemingly 'noisy' big bank results.
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