Bank of America said revenue declined from a year earlier because of a 6% drop in net interest income due to lower interest rates.
Wells Fargo profit tops expectations with boost from release of money set aside for loan losses
Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations.
Delta reports first profit since 2019 thanks to federal aid, improving revenue as travelers return
Delta’s quarterly report came in better than Wall Street estimates as travelers returned and federal aid drove it to its first profit since 2019.
Citigroup beats analysts’ estimates for profit, helped by $1.1 billion boost from loans
While Citi topped expectations for revenue, the figure declined 12% from a year earlier.
Bank of America shares fall after low interest rates squeeze second-quarter revenue
Bank of America said revenue declined from a year earlier because of a 6% drop in net interest income due to lower interest rates.
British Pound Q3 Fundamental Forecast
The UK economic recovery continues, aide by a successful vaccination program, all eyes are now on data releases
ForexLive European FX news wrap: Kiwi holds gains, OPEC+ standoff ends
Forex news from the European trading session – 14 July 2021
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities lower; S&P 500 futures up 0.1%
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities lower; S&P 500 futures up 0.1%
ECB launches investigation phase of a digital euro project
The ECB takes the next step towards a digital euro
The phase will last up to 24 months and aims to address key issues regarding design and distribution of a digital euro. ECB president Lagarde remarks:
The phase will last up to 24 months and aims to address key issues regarding design and distribution of a digital euro. ECB president Lagarde remarks:
Saudi Arabia, UAE reportedly reach compromise over oil output deal
Reuters with the headline, citing an OPEC+ source
WTI falls 1.5% to $74.10 but this is a dip worth buying into in my view as much of this is already priced in and it doesn’t really shake up the fundamentals by much.
WTI falls 1.5% to $74.10 but this is a dip worth buying into in my view as much of this is already priced in and it doesn’t really shake up the fundamentals by much.
US MBA mortgage applications w.e. 9 July +16.0% vs -1.8% prior
Latest data from the Mortgage Bankers Association for the week ending 9 July 2021
– -1.8%
– Market index 727.5 vs 627.0 prior
– Purchase index 273.3 vs 252.4 prior
That is a big jump in mortgage activity as the spike comes amid a surge in both purchases and refinancing, rising by 8.3% and 20.4% respectively in the past
– -1.8%
– Market index 727.5 vs 627.0 prior
– Purchase index 273.3 vs 252.4 prior
That is a big jump in mortgage activity as the spike comes amid a surge in both purchases and refinancing, rising by 8.3% and 20.4% respectively in the past