Stocks Look Unstoppable – But the Banks Know Everyone’s Broke
Wall Street megabanks are making huge provisions for bad loan debt. This doesn’t fit with a buoyant stock market.
Francois Aure July 15, 2020
Wells Fargo News.
Wall Street megabanks are making huge provisions for bad loan debt. This doesn’t fit with a buoyant stock market.
While Americans think more pain is ahead, they say it’s a good time to invest in the stock market. Investing when the market goes down isn’t a good idea.
The subprime auto loan market was ballooning in 2019. With an unprecedented wave of delinquencies, it’s threatening to crumble the economy.
With banks raising their lending standards due to coronavirus, lower mortgage rates won’t spur additional home sales.
Mortgage rates are doing something we haven’t seen since the financial crisis. But this spooky echo to 2009 won’t cripple the housing market.
Profits at Bank of America and other financial institutions have fallen dramatically as they set aside billions for loan losses during the coronavirus crisis.
By choosing their own firms’ stocks to buy, the CEOs a Wells Fargo, Verizon and Brookfield Property are adding to investor confidence.
President Trump architected sweeping changes to the tax code early in his presidency, and if he wins in 2020, Tax Cuts 2.0 could be afoot.
Dow Jones Industrial Average (DJIA) futures jumped 111 points on Thursday, extending yesterday’s stock market rally. But Wells Fargo analyst Chris Harvey struck a negative
Recession worries seem to be at an all-time high. A barrage of media reports from major financial news outlets like CNBC, Bloomberg, and The Wall
Next week kicks off earnings season for the financial sector as bank stocks start to report. The banking industry is seen as a bright spot
The stock market took a giant gulp of uncertainty over the weekend, sending the Dow Jones sharply lower on global economic slowdown fears. The attacks
By CCN.com: The Dow Jones Industrial Average is set to blow past its record high and keep pushing. That’s the analysis of Christopher Harvey, head
By CCN.com: Warren Buffett sidekick Charlie Munger likened “bitcoin people” to the apostle who betrayed Jesus. Meanwhile, he views scandals set in motion by Wells
Tim Sloan is out as CEO of the beleaguered Wells Fargo. The news sparked curiosity and hope among crypto players that his replacement is more
The day after his Tuesday appearance on Capitol Hill to answer questions from the House Financial Services Committee, banking empire Wells Fargo disclosed it would
At a House Financial Services Committee hearing on Tuesday, Congress freshman Alexandria Ocasio-Cortez (AOC) once again managed to turn herself into the center of attention
Customers of Wells Fargo, the 13th largest bank in the world, have been unable to gain access to online banking, ATMs, and in some cases
With premarket trading in the green, including Dow Futures, US stock markets may be bound for a rise. But, trading confidence will be challenged by
Wells Fargo — the third-largest US bank with $2 trillion in assets — will pay a $575 million settlement after admitting that it systematically scammed its own customers for 15
A Wells Fargo/Gallup poll has revealed that only 2% of investors in the United States currently hold bitcoin, a finding that optimists will argue shows