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Top related persons:
Goldman - 2 Ryan Nash - 2 Nash - 2 — CNBC's Michael Bloom - 2 Ebrahim Poonawala - 1 Banks - 1 Poonawala - 1 Goldman Sachs - 1
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Silicon Federal Reserve Bank of New York
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P Regional Bank ETF - 1 Federal Reserve - 1 Fed - 1 Bank of America - 1 Silicon Valley Bank - 1 Western Alliance - 1 WAL - 1 York - 1

Search resuls for: "Ryan Nash"


6 mentions found


☆ Regional bank earnings reports may not matter as group rips higher on rate cut optimism
  + stars: | 2024-07-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +3 min
Regional bank stocks are breaking out, and they may be able to continue to climb even if second-quarter earnings results are modest. The SPDR S & P Regional Bank ETF (KRE) has risen for six straight trading sessions, and on Monday it closed at its highest level since December. KRE 1Y mountain This regional bank ETF is at its highest level since December. The group still trades below historical valuations more than a year after the failure of Silicon Valley Bank, Bank of America said. Notable regional bank earnings reports this week include Citizens Financial Group on Wednesday, M & T Bank on Thursday and Fifth Third Bancorp on Friday.
Persons: Ebrahim Poonawala, Banks, Poonawala, Goldman, Ryan Nash, Nash, — CNBC's Michael Bloom Organizations: P Regional Bank ETF, Federal Reserve, Fed, Bank of America, Silicon Valley Bank, Western Alliance, WAL, York, Citizens Financial Group, T Bank, Fifth Third Bancorp Locations: Silicon
☆ Credit card losses are rising at the fastest pace since the Great Financial Crisis
  + stars: | 2023-09-22 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs. Credit card losses bottomed in September 2021, and while initial increases were likely reversals from stimulus, they have been rapidly rising since the first quarter of 2022. Since that time, it's an increasing rate of losses only seen in recent history during the recession of 2008. Of the past five credit card loss cycles, three were characterized by recessions, he said. Nash sees the most downside risk for Capital One Financial, followed by Discover Financial Services .
Persons: Goldman Sachs, Goldman, Ryan Nash, Nash, — CNBC's Michael Bloom Organizations: Federal Reserve Bank of New, Capital, Discover Financial Services Locations: Federal Reserve Bank of New York
☆ Astronomically high regional bank yields are safe (for now), Goldman Sachs says
  + stars: | 2023-05-09 | by ( Scott Schnipper | ) www.cnbc.com   time to read: +1 min
And the list of regional banks with sky-high dividends goes on and on. But Goldman Sachs is out Monday with a note from analysts led by Ryan Nash saying that although regional banks as a group yield 6.5% — the most since the Global Financial Crisis of 2008-2009 — not to worry. Examining bank dividends and bank capital "suggests companies should be able to maintain their current payout: Dividend payouts totaled ~40% of EPS in 1Q23 and are expected to remain around those levels for the remainder of 2023 (~39%) and 2024 (~41%) by consensus," Goldman said. KEY (~53%) and TFC (46%) screen as having the highest payouts," as a percentage of earnings in 2023, the investment bank said. Capital One (~24), M & T Bank (~29%) and Zions Bancorp (30%) have among the lowest payout ratios.
☆ Here's what's next for bank stocks after the failure of First Republic
  + stars: | 2023-05-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +4 min
First Republic's demise was the third regional bank failure since early March, when Silicon Valley Bank and Signature Bank folded within days of each other. There is cautious optimism on Wall Street that First Republic will be the last failure of this period. However, reports from other regional banks weren't nearly as dire, with many reporting that deposits had stabilized and were growing again. However, the failure of First Republic could cause some more turbulence, at least in the short-term, for both deposits and bank stocks. "We don't believe that regional banks are completely out of the woods," Wolfe Research chief investment strategist Chris Senyek said in a note to clients on Monday.
☆ Wall Street analysts say $30 billion lifeline to First Republic should temper future bank runs, boost confidence in sector
  + stars: | 2023-03-17 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
The move by major banks on Thursday to extend a much needed lifeline to First Republic should help reignite confidence in the sector after a difficult week, Wall Street says. "We view the move by the industry as a positive step to stem contagion amid the regional bank crisis," wrote Evercore ISI's John Pancari in a Thursday note. "We believe the move sends a message of broader stability for the sector and should help further temper depositor fears," and enables the "bank to fight another day." First Republic shares have plummeted 58% this week, after the failure of Silicon Valley Bank triggered a massive selloff among regional bank stocks and panic deposit flight from customers. "It is also a sly vote of confidence in the contributing banks," he said.
☆ New York bike path attacker spared death penalty after jury deadlocks
  + stars: | 2023-03-13 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com   time to read: +3 min
REUTERS/Jane RosenbergNEW YORK, March 13 (Reuters) - Sayfullo Saipov, the man convicted of killing eight people in an attack on a Manhattan bike path in 2017, was spared the death penalty on Monday after a federal jury deadlocked on whether he should be executed. Saipov's case is the first federal death penalty trial since President Joe Biden, a Democrat, took office in 2021 after pledging during his campaign to abolish capital punishment. Jurors agreed that other aggravating factors weighed in favor of the death penalty, including that Saipov planned his attack in advance and carried it out to support Islamic State. Patton said in his closing argument that the death penalty was "not necessary to do justice." Prosecutors sought the death penalty despite U.S. Attorney General Merrick Garland's July 2021 moratorium on federal executions so the Department of Justice could review its use of the punishment.
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