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Banks

Nvidia, Eaton and Wells Fargo get Club price target hikes after rallies

by Adrian Jhonsan
Nvidia, Eaton and Wells Fargo get Club price target hikes after rallies

This week’s strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we’re taking our numbers up. …

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Immigration is boosting the U.S. economy and has been ‘underestimated’

by Adrian Jhonsan
Immigration is boosting the U.S. economy and has been ‘underestimated’

U.S. commuters. Caroline Purser | The Image Bank | Getty Images The recent influx of immigration into the U.S. is helping to bolster the economy despite a raft of global …

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Commercial Bank of Ethiopia ‘glitch’ sees customers withdraw millions

by Adrian Jhonsan
Commercial Bank of Ethiopia ‘glitch’ sees customers withdraw millions

ADDIS ABABA, Ethiopia – Dec. 7, 2023: A branch of the Commercial Bank of Ethiopia in Addis Ababa. Bloomberg | Bloomberg | Getty Images Ethiopia’s largest bank is struggling to …

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Where cracks in the banking sector may appear without more M&A

by Adrian Jhonsan
Where cracks in the banking sector may appear without more M&A

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The forces that consumed three regional …

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How the Federal Reserve’s next move impacts your money

by Adrian Jhonsan
How the Federal Reserve’s next move impacts your money

Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start …

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Morgan Stanley names head of artificial intelligence, Jeff McMillan

by Adrian Jhonsan
Morgan Stanley names head of artificial intelligence, Jeff McMillan

The Morgan Stanley digital sign is seen at the company’s Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016. John Taggart | Bloomberg | Getty Images Morgan …

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HSBC is ‘very positive’ about the future of China’s economy, CFO says

by Adrian Jhonsan
HSBC is ‘very positive’ about the future of China’s economy, CFO says

The Hong Kong observation wheel and the HSBC building in Victoria Harbour in Hong Kong. Ucg | Universal Images Group | Getty Images HSBC is “very positive” about the mid- …

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Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

by Adrian Jhonsan
Shareholder payouts hit a record .7 trillion last year as bank profits surged

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to …

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Banking analysts see 3 reasons why Wells Fargo should push even higher in 2024

by Adrian Jhonsan
Banking analysts see 3 reasons why Wells Fargo should push even higher in 2024

Wells Fargo ‘s run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what’s been the best-performing major U.S. bank stock …

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It’s been a year since SVB’s failure. Where our bank stocks stands now

by Adrian Jhonsan
It’s been a year since SVB’s failure. Where our bank stocks stands now

It’s been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. While the crisis most directly affected the regionals, major U.S. financial …

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