Marianne Lake – CFO Don´t give up on reforms “…we still remain very hopeful that there will be policy and reform on the agenda. I think it’s hard because everybody was super enthusiastic out of the gate, but the reality … Continued
Jeff Gundlach, CEO of DoubleLine Funds, at Grant’s Fall 2016 Investment Conference Quotes from Bloomberg and Business Insider articles Rates should be going back up “How in the world could we be talking about rates never going up when in fact … Continued
Increase in sales force and focus on relationships has been key to growing retail banking segment “On the personal side, again strong growth, good balanced growth in the total retail and business banking side, again balanced deposit and GIC, 8% … Continued
Casper von Koskull, President and Group CEO A significant dip in Net Interest income YoY but stable QoQ and leveling off margin pressure “Net interest income has been under severe pressure for many years due to lower interest rates and … Continued
http://www.mof.gov.cn/zhengwuxinxi/caizhengxinwen/201607/t20160724_2367836.htm The Global economy is recovering slowly though significant risks persist “The global economic environment is challenging and downside risks persist, highlighted by fluctuating commodity prices, and low inflation in many economies. Financial market volatility remains high, and geopolitical conflicts, … Continued
(From https://www.ecb.europa.eu/press/pr/date/2016/html/pr160721.en.html) Rates left unchanged “…the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% … 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
https://www.ecb.europa.eu/press/pressconf/2016/html/is160721.en.html Mario Draghi, ECB President Financial markets were resilient post-Brexit with help from central banks “Following the UK referendum on EU membership, our assessment is that euro area financial markets have weathered the spike in uncertainty and volatility with encouraging … Continued
Intelligence report on businesses and consumer actions post-referendum (http://www.bankofengland.co.uk/publications/Documents/agentssummary/2016/jul.pdf) Little to moderate change in annual rate of activity growth “The annual rate of activity growth had remained moderate and little changed in the month up to the EU referendum. Consumer … 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