The disappointing earnings report came after Wells Fargo said earlier this week that it would retrench from the U.S. mortgage market.
Archiv für den Monat: Januar 2023
Bank of America tops expectations as higher rates help offset declines in investment banking
Bank of America saw yearly gains in net interest income thanks to higher rates in the fourth quarter.
JPMorgan tops estimates for fourth-quarter revenue, but says mild recession is now ‚central case’
JPMorgan, the biggest U.S. bank by assets, now expects a recession as its most likely scenario.
Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses
Citigroup reported fourth-quarter earnings on Friday. Here’s how they did.
Wells Fargo shares fall as bank’s profits cut in half by higher reserves, settlement costs
The disappointing earnings report came after Wells Fargo said earlier this week that it would retrench from the U.S. mortgage market.
JPMorgan tops estimates for fourth-quarter revenue, but says mild recession is now ‚central case’
JPMorgan, the biggest U.S. bank by assets, now expects a recession as its most likely scenario.
Bank of America tops expectations as higher rates help offset declines in investment banking
Bank of America saw yearly gains in net interest income thanks to higher rates in the fourth quarter.
Higher labor costs dent Delta’s profit forecast but travel demand is still strong
Delta and other airlines had said demand remained strong throughout the quarter.
Dollar retraces some ground ahead of US trading
<p style=““ class=“text-align-justify“>As US futures dip, that is helping the dollar find a bit of a lift in European trading as we see some light hints of risk aversion come into play.</p><p style=““ class=“text-align-justify“>USD/JPY has risen from a session low of 128.10 earlier to 128.75 currently as the greenback starts to show more poise across the board. Meanwhile, EUR/USD is down 0.3% to a low of 1.0810 currently. That said, both pairs are still in a good spot following yesterday’s action as noted earlier <a target=“_blank“ href=“https://www.forexlive.com/news/dollar-faces-added-pressure-after-yesterdays-cpi-data-20230113/“ target=“_blank“ rel=“follow“>here</a>.</p><p style=““ class=“text-align-justify“>Elsewhere, GBP/USD has fallen from 1.2240 earlier in the day to 1.2175 now with the antipodeans also weaker amid the softer risk mood. AUD/USD is down 0.3% to 0.6945 and NZD/USD down 0.5% to 0.6360. The former came close to testing the 0.7000 mark before pulling back currently.</p>
This article was written by Justin Low at www.forexlive.com.
US futures dip as big banks report earnings
<p style=““ class=“text-align-justify“>It’s a mixed bag but US futures have dipped in the past half hour or so with S&P 500 futures now down by 15 points, or 0.4%, on the day.</p><p style=““ class=“text-align-justify“>There is a slight hint of risk aversion seeping through and that is helping the dollar gain some ground across the board as well. AUD/USD is down 0.4% to 0.6945 while GBP/USD has seen gains turn to losses from 1.2240 earlier to 1.2175 currently, at the lows for the day.</p><p style=““ class=“text-align-justify“>USD/JPY is still the only pair bucking the trend, down 0.4% to 128.70 but at least off its earlier low of 128.10.</p>
This article was written by Justin Low at www.forexlive.com.