McKinsey warns: Banks' profit rebound is 'fleeting', rate cuts will bring adverse effects.
On Friday (October 18th), McKinsey consultants warned in their annual industry status report that the high profits enjoyed by global banks in the past two years may be "fleeting", and predicted that declining interest rates and weak loan demand will pose resistance.
Customers Bancorp, Inc. to Host Third Quarter 2024 Earnings Webcast on Friday, November 1, 2024
Winning rate soaring! The "Trump trade" is making a comeback, which assets are leading the way up?
In the market, multiple sectors are betting on Trump becoming the winner, Trump media stocks, bitcoin, US dollars, and bank stocks are all rising.
Buy ahead of time in 2016? Benefiting from the 'Trump trade,' assets are outpacing the market, but this time 'it's somewhat different.'
Republican presidential candidate Trump's polls are reversing, and the 'winning odds' are gradually increasing. A Merrill Lynch strategist pointed out that investors seem to be rushing to allocate to symbols that performed well after Trump's victory in 2016. What inspiration does this have for investment?
Wall Street is revitalized, Goldman Sachs reaches a new high, CEO asserts: competitors will find it very difficult to catch up with the leading banks.
Top banks in the usa saw a strong rebound in Q3 financial season, Ted Pick from Goldman Sachs stated that smaller banks are finding it hard to catch up with large banks due to high business operation costs.
Q3 financial report performance is outstanding! Several Bank of America stocks have reached new highs together, can they continue to strengthen during the rate cut cycle?
Yesterday, JPMorgan, Goldman Sachs, Wells Fargo & Co, Morgan Stanley, and bank of new york mellon all hit record highs during yesterday's trading session. However, the stock prices later rose and fell back, with bank stocks showing mixed performance at the close.
Trump or Harris? Analysts are hotly debating the impact of the election results on various sectors of the US stock market.
①Over the past 8 years, the Trump administration and the Biden-Harris administration have fully demonstrated their policy orientations; ②Overall, industries such as finance and technology that are under the key regulation of the Biden administration are more likely to benefit from Trump's "rollback" policies, while the bullish outlook for other industries is relatively less obvious.
Warren Buffett's attitude towards the banking industry has turned cold, with Bank of America's holdings shrinking. How will the future situation unfold?
As Buffett gradually adopts a negative attitude towards the banking industry, his shareholding in Bank of America has decreased significantly. This change has sparked investors' contemplation about the future situation: will Buffett completely exit, or will he continue to reduce his shareholding?
The Fed has started an interest rate cut cycle, has the "golden age" for the banking industry in the United States arrived?
A decrease in interest rates is usually good news for banks, especially when the rate cut is not a sign of economic downturn.
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Looking ahead with a picture: bank of america's stock performance is coming! How to interpret this round of financial reports during the rate cut cycle?
Overall, large bank stocks still performed well in the third quarter, with jpmorgan, bank of new york mellon, morgan stanley, u.s. bancorp, etc., all hitting historic highs in this range; as the Federal Reserve begins its easing cycle, the banking industry will alleviate and even reverse some negative trends, which will help improve the quality of earnings in the coming quarters.
Customers Bancorp Price Target Cut to $70.00/Share From $80.00 by Raymond James
Customers Bancorp Is Maintained at Strong Buy by Raymond James
Raymond James Maintains Customers Bancorp(CUBI.US) With Buy Rating, Raises Target Price to $70
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Buffett's 'clearing' of Bank of America approaches the regulatory threshold: three consecutive days of selling, cashing out $0.46 billion!
According to the latest new document submitted to the SEC, Berkshire Hathaway reduced its shareholding in Bank of America stocks for three consecutive trading days on September 25, 26, and 27, 2024, totaling 11.678 million shares, with cashing out of approximately 0.461 billion dollars. After the latest sell-off, Berkshire Hathaway currently still holds 10.3% of the shares of this second largest bank in the USA, approaching the regulatory threshold of 10%.
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