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Need to Know: Rising rates and deficit spell big trouble for the U.S., warns bond king Gundlach

It’s Fed day and the central bank will need to fill the excitement gaps lacking after the North Korea summit. Our call of the day from Jeffrey Gundlach has a dreary forecast for the the U.S. fiscal situation......»»

Category: topSource: marketwatchJun 13th, 2018

Dollar"s advance puts squeeze on gold, commodities

Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough......»»

Category: topSource: reutersJul 18th, 2018

Citizens CEO says bank remains "solid" amid interest income drop

The bank continues "to play strong defense" amid an uncertain economy, CEO Bruce Van Saun said on the bank's first-quarter earnings call. As for bad CRE loans, "the pig is moving through the python," he said......»»

Category: topSource: bizjournals22 hr. 24 min. ago

Bank of America"s dealings with Leon Black and Jeffrey Epstein are in the Senate"s crosshairs

A Senate committee asked Bank of America whether Black's $158 million payments to Epstein follow.....»»

Category: topSource: businessinsiderApr 16th, 2024

Bank of America Stock: Technical Outlook Prior To Q1 Earnings

Bank of America will report Q1 earnings on April 16, with expectations for 77 cents EPS and $25.4B in revenues. Stock has bullish sentiment but technicals suggest slight bearish trend. read more.....»»

Category: blogSource: benzingaApr 15th, 2024

What parts of the economy are still hurting? Bank loan data can tell us a lot

Albany-area quarterly bank data showing how many loans remain in deferral can tell us a lot about what industries are still hurting because of the pandemic......»»

Category: topSource: bizjournalsMay 25th, 2021

Gundlach Warns Bitcoin Has Become "Poster Child" For "Speculative Fever" Gripping Markets

Gundlach Warns Bitcoin Has Become "Poster Child" For "Speculative Fever" Gripping Markets It seems DoubleLine's Jeffrey Gundlach has had a change of heart regarding bitcoin. And while the cryptocurrency's spec.....»»

Category: dealsSource: nytMay 16th, 2021

Billionaire "bond king" Jeffrey Gundlach blasted stimulus checks for distorting markets - and warned inflation could threaten stock prices

The DoubleLine Capital CEO labeled cryptocurrencies the market's "poster child," and said the recent s.....»»

Category: topSource: businessinsiderMay 14th, 2021

List: Top residential mortgage lenders in the Cleveland area

Lenders provided billions of dollars in residential mortgage loans in the Cleveland area last year, with Ohio-based companies beating out larger national banks in providing the most mortgage loans. Huntington National Bank (Nasdaq: HBAN) origina.....»»

Category: topSource: bizjournalsMay 13th, 2021

The current stock market sell-off is rotational rather than toppy, and a bullish backdrop supports a summer rally, according to Bank of America

A continued sell-off in the S&P 500 "could perhaps get US equities oversold enough to embark on a summer rally," BofA said. Johannes Eisele/AFP via Getty Images The current sell-off in the stock market is r.....»»

Category: personnelSource: nytMay 12th, 2021

PPP loan data reveals which Philadelphia-area banks did the most lending in 2021

A bank based in Berks County with just $18 billion in assets churned out more PPP loans than Chase, Wells Fargo or Bank of America......»»

Category: topSource: bizjournalsMay 11th, 2021

Dispatches from a Pandemic: ‘Life turns on a dime’: She donated $950 from her first stimulus check to a food bank — then received a cancer diagnosis

After her financial circumstances changed, Toi Cudworth delayed payments on some loans, and bought frozen chicken and veggies because they’re cheaper and they last longer......»»

Category: topSource: marketwatchMay 4th, 2021

Barclays profit almost triples in the first quarter as economic outlook turns positive and its COVID-related cash reserves fall

Barclays benefited from a more positive economic outlook, strong investment bank performance and smaller reserves for bad loans as COVID-19 subsides. REUTERS/Simon Dawson Barclays' first-quarter profit .....»»

Category: worldSource: nytApr 30th, 2021

Ocwen Financial inks acquisition for lending group, plus $14B portfolio from Texas Capital Bank

The West Palm Beach-based firm will gain about 200 sellers and 60,000 loans from the Dallas-based bank......»»

Category: topSource: bizjournalsApr 23rd, 2021

Wells Fargo execs bullish on economy, as bank continues to navigate expenses

Executives at Wells Fargo & Co. are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»

Category: topSource: bizjournalsApr 15th, 2021

Wells Fargo execs bullish on economy, bank continues to navigate expenses

Executives at Wells Fargo are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»

Category: topSource: bizjournalsApr 14th, 2021

JPMorgan profit surges as bank releases cash set aside for bad loans

JPMorgan Chase & Co. reported first-quarter profit spiked nearly 400% after the bank released cash that had been set aside to cover bad loans......»»

Category: topSource: foxnewsApr 14th, 2021

Bank of New York"s stock surges to lead financial sector after BofA swings to bullish from bearish

Shares of Bank of New York Mellon Corp. ju.....»»

Category: topSource: marketwatchMar 24th, 2021

Billionaire investor Jeffrey Gundlach warns stocks are hugely overvalued - and amateur traders will worsen the coming crash

The Dou.....»»

Category: personnelSource: nytMar 17th, 2021

In One Chart: For the first time in over a year COVID-19 isn’t the No. 1 ‘tail risk’ for investors, in Bank of America’s view

The latest fund manager survey from Bank of America tells the tale of bullish investors, who no longer have COVID-19 at the top of their worry list......»»

Category: topSource: marketwatchMar 16th, 2021