Unanimous support for current monetary policy to continue “…the MPC voted unanimously to maintain Bank Rate at 0.25%. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases totalling up to £10 billion, financed … Continued
Millennials are the single largest population in the United States at 76-78 million I said I’d talk a little bit about millennials and their importance to the Company. And I think actually they’re important to all companies at this juncture… … Continued
A package of measures released “…the MPC voted for a package of measures designed to provide additional support to growth and to achieve a sustainable return of inflation to the target. This package comprises: a 25 basis point cut in … Continued
http://english.gov.cn/premier/news/2016/07/22/content_281475399373155.htm Participants: Premier Li Keqiang, World Bank Group President Jim Yong Kim, IMF Managing Director Christine Lagarde, WTO Director-General Roberto Azevedo, ILO (International Labor Organization) Director-General Guy Ryder, OECD Secretary-General Angel Gurria and FSB (Financial Stability Board) Chairman Mark Carney … Continued
Bank of America Q2 2016 Earnings Calls Notes Net interest income shows stable growth despite low interest rates “in summary, adjusted for market-related changes in both last year’s second quarter and this year’s second quarter, we grew NII by 400 … Continued
We’re excited to announce that Jeremy S., an investment analyst here in Southern California, has started to contribute to Avondale’s company notes database. Below are quotes from some of the calls that Jeremy has read this week. Netflix CEO Reed … Continued
The FDIC released its Quarterly Bank report today and it showed that US Banks had their 2nd most profitable year ever last year. It was the most profitable since before the financial crisis. In 2009, 2010 and even 2011 there … Continued
US Bank management thoughts on consumer credit impact of the fiscal cliff, from 3Q Earnings call: P. W. Parker – Chief Credit Officer and Executive Vice President Well, if the worst case happened on the fiscal cliff, I think it’s fair … Continued
JPM will kick off earnings season for financials tomorrow, and the whispers seem to be that the quarter is going to be pretty good. Hopefully JPM will show signs that the banking system is continuing to heal and that profitability … Continued
More from the Barclays Financial Services conference…a slide from Regions Financial, a southern regional bank with +$100B in assets which had a lot of trouble with credit quality during the crisis. The slide below shows loan line utilization improving. It’s … Continued