Finance
Mortgage lending rose about 30 percent at the three biggest US bank originators
Chase originated $17.2bn, Wells Fargo $9bn and Bank of America $3.5bn in first mortgages in the second quarter.
Finance
-
Finance · Banking
Bank of America profit rose 27 percent to $9.1bn as trading revenue hit $7.1bn
Revenue rose 15 percent to $31.6bn. Equities trading revenue rose 70 percent, to $3.6bn, a record.
-
Finance · Investing
BlackRock crossed $15tn in assets under management for the first time
Assets reached $15.34tn on $192bn of net client inflows in the quarter, a record for the firm.
-
Finance · Banking
Bank of England says equity market leverage has risen significantly since December
The FPC held the countercyclical capital buffer at 2 percent and flagged AI-linked credit demand and cyber risk.
-
Finance · Banking
Citigroup shares fell 5 percent after executives signaled heavier spending ahead
Citi posted net income of $5.8bn on revenue of $24.8bn, then told analysts investment spending could accelerate.
-
Finance · Banking
Goldman Sachs reports record quarterly net revenues of $20.34bn
Second-quarter diluted EPS reached $20.98, up from $10.91 a year earlier. Equities trading brought in $7.42bn.
-
Finance · Banking
Hayfin raised more than €15bn for a direct lending fund, doubling its last vintage
Direct Lending Fund V beat a target of about €8bn and more than doubled the €6bn raised in 2023.
-
Finance · Banking
JPMorgan reports second-quarter net income of $21.2bn
Reported revenue was $57.3bn. The board approved a higher quarterly dividend of $1.65 a share.
-
Accounting
Lightyear Capital takes majority stake in Prosperity Partners
Unity Partners keeps a minority position in the Chicago firm. Terms were not disclosed.
-
Finance · Banking
Morgan Stanley posts record net revenues of $21.3bn as equities trading rose 69 percent
Net income reached $5.58bn, or $3.46 a share. Equities net revenues rose to $6.30bn, from $3.72bn.
-
Finance · Banking
M&T Bank earned a record $818m as commercial lending grew across every category
Diluted EPS of $5.32 was the highest in the bank's history. M&T raised its full-year loan target by $1bn.
-
Finance · Deals
SpaceX's $85.7bn listing handed Wall Street banks a second-quarter fee windfall
Fees from the largest IPO on record lifted investment banking revenue at Goldman Sachs and Bank of America.
-
Finance · Policy
The Treasury sold 30-year bonds at 5.058 percent, the highest auction yield since 2007
Indirect bidders took $17.07bn of the $21.95bn awarded competitively. The bid-to-cover ratio was 2.44.
-
Finance · Banking
Wells Fargo profit rose 17 percent to $6.4bn as charge-offs kept falling
Net income reached $6.4bn, or $2.00 a share, and the net charge-off rate fell to 0.34 percent of average assets.
Nothing filed under that subtopic yet.