The disconnect between healthy business performance and ailing share prices in 2022 will likely continue for megabanks through this year’s second-quarter earnings season, amid bear market conditions for stocks. Investors will likely be on the lookout for potential headwinds in loan growth and credit quality in the banking industry as JPMorgan Chase & Co. JPM,…
The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress test of capital reserves. The Fed estimated $ 612 billion in potential losses for banks in its most severe economic scenario,…
After years of shareholder pressure that ratcheted up after the racial reckoning in summer 2020, some of the world’s most influential companies have agreed to independent racial-equity or civil-rights audits to consider how their policies, products and practices affect the civil rights of and equality among employees, customers and society. The biggest names expected to…
Read More “Amazon, Microsoft, Citi to examine their impact on civil rights, racial equity” »
The US initial-public-offering market is staring down another slow week, with just one small deal on tap, capping a period of little to no activity as investors eye volatile secondary markets amid high inflation, supply-chain snags and a raging war in Europe. There were just seven IPOs in May that raised an aggregate $ 1.1…
Read More “Investors hoping to pounce on summer IPOs may be out of luck. Here’s why.” »
