The potential cost of bad debt loans from the coronavirus for the country’s largest banks has reached 12 figures. The country’s five largest lenders – Bank of America, Citigroup, JPMorgan Chase, US Bancorp, and Wells Fargo – say the financial stress caused by the pandemic could cause borrowers to default …
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While Goldman Sachs (GS) – Get report Attracts Investor Attention on Wednesday, That Attention Will Soon Shift to Bank of America (BAC) – Get report on Thursday when the company reports earnings before trading begins. Bank of America follows others like Wells Fargo (WFC) – Get report and JPMorgan Chase …
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Text size The Goldman Sachs building is seen in lower Manhattan Photograph by Spencer Platt / Getty Images Goldman Sachs Group has just reported an explosive quarter, thanks to an increase in trade and subscription, but Wall Street wonders how long the good times will last. The investment bank’s shares …
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Text size Ncino headquarters. Courtesy of nCino. NCino, which provides cloud-based software for financial institutions, experienced more than a 150% increase in its shares on its first day of trading. NCino shares opened at $ 71 and were trading at $ 77.20, a 150% increase in the Nasdaq stock market …
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REUTERS / Danny Moloshok Bank stocks fell on Friday after the Federal Reserve capped dividends and banned stock buybacks until at least the end of the third quarter. Goldman Sachs and Wells Fargo fell more than 5%, while Bank of America, JPMorgan and Citibank fell between 3.9% and 4.4%. The …
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