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Funding will support nonprofits that provide financial services and counseling to LMI individuals SAN ANTONIO, TX / ACCESSWIRE / October 19, 2023 / The National Association for Latino Community Asset Builders (NALCAB) has been awarded $1 million in grant funding from the Wells Fargo Foundati...
2023-10-19 09:26:49 ET Summary Citigroup has been making progress with its turnaround, but double-digit ROTCE is still several years away. Third quarter results were a clean beat, with better net interest margin, decent loan growth, and good performance in trading and treasury man...
2023-10-18 13:09:22 ET Summary Despite announcing Q3 2023 results, Bank of America's stock rose by 1.8%, even though it underperformed its peers over the past year, declining by 18%. Bank of America stands out with its resilient customer profile and stabilized net interest margin,...
2023-10-18 08:15:00 ET Summary The S&P 500 and Dow Jones Industrial Average saw sharp losses for the month and the quarter. Interest rates were kept steady in a range of 5.25% to 5.5%, and it is uncertain if 2023 will see yet another hike. Net investments of around $1,500 ...
2023-10-18 00:00:00 ET Summary The LERI shows corporate uncertainty increasing to its highest level since the pandemic, in line with what bank CEOs have been sharing on Q3 calls. This week, 460 companies are expected to report for Q3, 55 from the S&P 500. Potential Surpris...
Book to outline solutions for tackling the most pressing climate challenges facing communities NEW YORK, NY / ACCESSWIRE / October 17, 2023 / Today Enterprise Community Partners, the Local Initiatives Support Corporation (LISC), and the Federal Reserve Bank of New York announced plans to pub...
Thousands of Californians experiencing homelessness now have homes through an initiative bringing together cities, affordable housing developers, and supporters like Wells Fargo. NORTHAMPTON, MA / ACCESSWIRE / October 16, 2023 / In a new apartment in the heart of Hollywood, Karrie and her ca...
2023-10-15 20:33:56 ET Summary JPMorgan is best positioned for the high-rate environment with a strong ROE of 18%. Resilient consumer lending supports loan growth, particularly in credit card loans. Net interest income faces headwinds due to declining net interest margins, but...
2023-10-15 10:00:00 ET Summary Bank of America is set up for a strong quarter after large bank peers reported non-spooky Q3'23 earnings. The banking sector isn't facing the large credit costs feared by the stock market. The stock is cheap trading at only 8x '23 EPS targets whi...
2023-10-15 08:01:00 ET Earnings season begins to ramp up in mid-October, with a rush of releases from some of the world's most prominent companies, including Elon Musk's EV giant Tesla ( NASDAQ: TSLA ). The lineup also features major banks, pharmaceutical firms and prominent ai...
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More than 336,000 small businesses benefited, enabling more than 461,000 jobs in local communities across the U.S. Wells Fargo today shared the latest community impact of the company’s Open for Business Fund, a roughly $420 million national small business recovery effort to help th...
2024-07-18 13:54:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...