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☆ BofA's Ebrahim Poonawala talks what to expect from bank earnings
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Ebrahim Poonawala talks what to expect from bank earningsEbrahim Poonawala, Bank of America Securities senior analyst, joins 'Closing Bell Overtime' to talk bank earnings and what to expect form next week's slate of earnings.

Persons: BofA's Ebrahim Poonawala, Ebrahim Poonawala Organizations: Bank of America Securities

CNN —Palestinians fleeing sites of Israel’s renewed military operation in northern Gaza are being shot at as they evacuate, according to residents there and footage shared with CNN documenting their journey. “Drones were firing at everyone passing by on the road,” Sultan told CNN. Al Ahli Hospital in Gaza City later identified her as 9-year-old Dana Nasser, and told CNN she must be admitted to surgery. The Israeli military on Monday issued fresh evacuation orders in both northern and southern Gaza, where tens of thousands of Palestinians have been sheltering. Flyers were dropped by the Israeli military over Jabalya Tuesday morning, “urgently” warning residents to “evacuate immediately,” residents told CNN.

Persons: Mohammad Sultan, ” Sultan, Sultan, Dana Nasser, Al Mawasi, “, ’ Hassan Hamad, Itaf, Hamad, Mahmoud, ”, Mohammad Ibrahim, ” Ibrahim, Ibrahim, Jabalya Organizations: CNN, Israel Defense Forces, Flyers, Mahmoud ssa, Anadolu, Getty, Residents Locations: Gaza, Jabalya, Abu, Ahli, Gaza City, Hassan

ISIS executed Yazidi men and boys and committed acts of sexual violence and rape against women and girls, among other crimes, as CNN has reported. Sido said she was then trafficked to different locations across several countries over the next few years. The United States and Iraq confirmed they had coordinated to help evacuate Sido out of Gaza. “The government of Iraq asked us to do whatever we could to get her out of Gaza and get her home. An Israeli diplomat, David Saranga, released a video of Sido reuniting with her family members.

Persons: Fawzia Sido, David Saranga X, Fawzia Amin Sido, Sido, “, ”, Fawzia, Matthew Miller, ” Miller, David Saranga, Saranga Organizations: Islamic, Reuters, ISIS, CNN, Hamas, Israel Defense Forces, Iraq’s Ministry of Foreign Affairs, American Locations: Islamic State, Iraq, Gaza, United States, Sinjar, Al, Hol, Syria, Idlib, Turkey, Istanbul, Hurghada, Egypt, ”, Rafah, Israel, Kerem, Jordan, Allenby, Baghdad, Iraqi, Israeli, Palestinian Hamas

☆ Who is Hashem Safieddine, rumored to be the next Hezbollah chief?
▼ + stars: | 2024-10-04 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +3 min

Hezbollah has lost contact with Safieddine since the strike, a Lebanese security source told CNN on Saturday. Just like Nasrallah, Safieddine is a staunch critic of Israel and the West, with deep alliances with the Iranian leadership. The executive council is one of five bodies that make up the Shura Council, which is the organization’s decision-making body. The executive council oversees political matters, as opposed to the Jihad Council which is the group’s military body, which Safieddine is a member of. The United States designated Hezbollah a foreign terrorist organization in 1997, and in 2017 designated Safieddine a foreign terrorist.

Persons: Hassan Nasrallah, Safieddine, Nasrallah –, Nasrallah, Israel, Qasem Soleimani, Safieddine’s, Soleimani’s, Sayyid, ”, Prophet Mohammed, Nasrallah “, They’ve, ” Phillip Smyth, –, “, ” Saffiedine, Washington Organizations: CNN, Shura, Jihad, Iran’s Revolutionary Guard Corps, Reuters, United Locations: Beirut, Iran, Baghdad, Lebanese, Deir Qanoun En, Gaza, Lebanon, Iraq, Afghanistan, United States

☆ Hezbollah is not Hamas. Can Israel afford another all-out war?
▼ + stars: | 2024-09-24 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Since October 8, the day after Hamas’ deadly attack on Israel, there has been regular cross-border fire between Hezbollah and the Israeli military. Hezbollah first fired at Israel to protest the war in Gaza, demanding a ceasefire there as a condition to end its attacks. Should Israel enter full-scale war with Hezbollah, experts say it will face a much stronger threat than Hamas – and commensurate costs. “It’s devastating on the Israeli economy, on Israeli society,” Guzansky said, adding that the impacts will live on for years to come. Domestically, while Israelis showed a greater appetite for fighting at the outset of the Gaza war, polls show that domestic support has waned over the last months.

Persons: Israel, –, ”, Yoel Guzansky, Tsur Shalom, Abbas Ahmad Srour, Mohammad Hussein Kassem, Chris McGrath, Hassan Nasrallah, ⁠ Behnam Ben Taleblu, ” Ben Taleblu, Mizrahi, ” Orna Mizrahi, ” Mizrahi, Yoav Gallant, Guzansky, Netanyahu, Mostafa Alkharouf, ” Guzansky, “, Lebanon's, Jack Guez, Amir Yaron, That’s, Moody’s Organizations: CNN, Hamas, Israel, Institute for National Security Studies, National Security Council, Reuters, Military, Ramat, Foundation for Defense of Democracies, Washington DC, IDF, Israel Defense Forces, Israeli, Division, Getty, Organization for Economic Cooperation, Development, Lebanon's Hezbollah, Bank, Israel Democracy Institute Locations: Gaza, Israel, Lebanon, Tel Aviv, Kiryat, Moreshet, Haifa, Aita al Chaab, Israel’s, Iraq, Yemen, –, Ramat David, Lebanese, Iran, ”, Anadolu, Independence, Kiryat Bialik, AFP

☆ Carlos Alcaraz leads Team Europe to comeback victory over Team World in the Laver Cup
▼ + stars: | 2024-09-23 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Carlos Alcaraz led Team Europe to a comeback victory over Team World in the Laver Cup on Sunday, triumphing in both his singles and his doubles matchups. It marked Europe’s fifth win in the Laver Cup and first since 2021. “It’s great, obviously, we came here with a goal, all of us, that is to win the Laver Cup,” said Alcaraz. Alcaraz defeated Taylor Fritz to secure Laver Cup victory for Team Europe. For me, to spend time with these players in Team Europe, it’s a lot of fun.

Persons: CNN — Carlos Alcaraz, Alcaraz, Taylor Fritz, Ben Shelton, Frances Tiafoe, Casper Ruud, “, ”, Sascha, Alex Zverev, ” Zverev, Fritz, Ebrahim Noroozi, Zverev, Daniil Medvedev, Shelton, Björn Borg, John McEnroe, ‘ We’re, ” Borg, Yannick Noah, Andre Agassi Organizations: CNN, Europe, Team, Laver, Tiafoe, Team Europe, Cincinnati Locations: Berlin, Europe, Berlin’s, San Francisco

☆ Women in Iran going without hijabs as 2nd anniversary of Mahsa Amini’s death approaches
▼ + stars: | 2024-09-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

The country’s new reformist President Masoud Pezeshkian campaigned on a promise to halt the harassment of women by morality police. In Iran, the hijab — and the all-encompassing black chador worn by some — has long been a political symbol as well. There have been scattered videos of women and young girls being roughed up by officers in the time since. Surveillance cameras search for women uncovered in vehicles to fine and impound their cars. The government has gone as far as use aerial drones to monitor the 2024 Tehran International Book Fair and Kish Island for uncovered women, the U.N. said.

Persons: Mahsa Amini, there’s, Masoud Pezeshkian, Ayatollah Ali Khamenei, ”, Amini, Khamenei, Ebrahim Raisi, Pezeshkian, Hamid Zarrinjouei, “, Mohammad Movahedi Azad, Movahedi Azad, Ham Mihan, hadn’t, Simin Kazemi Organizations: United Nations, Tehran Sharif University, Metro, Pezeshkian, Iran’s, Iran’s Ministry of Culture Locations: it’s, Iran, Tehran, Tehran Sharif, Kish

☆ Stocks like Nvidia are table-pounding buys, Bank of America says
▼ + stars: | 2024-08-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

The other stocks include: Ralph Lauren, Yeti, Goldman Sachs, and GE Aerospace. "We rate YETI shares Buy as we expect continued momentum supported by new product categories & international expansion," he said. Ralph Lauren "A hit down the fairway," analyst Christopher Nardone titled his recent recap of Ralph Lauren earnings. Meanwhile, Ralph Lauren shares are up 20% this year with plenty more room to run. ... We rate YETI shares Buy as we expect continued momentum supported by new product categories & international expansion.

Persons: Ralph Lauren, Goldman Sachs, Alexander Perry, Perry, Christopher Nardone, Nardone, Ebrahim Poonawala, Goldman, Poonawala Organizations: of America, Nvidia, GE Aerospace, U.S, Goldman, Bank of America, GE, Investment Locations: Europe, China, N.A, North America, N.A .

☆ Bank of America Poonawala talks impact of rate cuts on the banking sector
▼ + stars: | 2024-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America Poonawala talks impact of rate cuts on the banking sectorEbrahim Poonawala, Bank of America Securities Head of North American Banks Research, joins 'Closing Bell Overtime' to talk a possible dovish pivot from the Fed and the impact of the financial sector.

Persons: Ebrahim Organizations: Email Bank of America, Bank of America Securities Head, American Banks Research, Fed Locations: Ebrahim Poonawala

☆ Taliban celebrates three years in power as Afghans suffer hunger and repression
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

Decades of conflict and instability have left millions of Afghans on the brink of hunger and starvation. The Taliban celebrates the third anniversary of its takeover of Afghanistan, at Bagram Air Base, in Bagram, Parwan province. Ahmad Sahel Arman / AFP - Getty ImagesThe Bagram parade was the Taliban’s grandest and most defiant since regaining control of the country in August 2021. The audience of some 10,000 men included senior Taliban officials like Acting Defense Minister Mullah Yaqoob and Acting Interior Minister Sirajuddin Haqqani. They say that Afghans, particularly women and girls, will suffer if there isn’t more diplomatic engagement with the Taliban.

Persons: —, ”, Maulvi Abdul Kabir, “, Ahmad Sahel Arman, Mullah Yaqoob, Sirajuddin Haqqani, Hibatullah Akhundzada, Ebrahim Noroozi Organizations: Taliban, Bagram, Islamic, Bagram Air Base, Getty, Acting, NATO Locations: U.S, Afghanistan, Bagram, Parwan province, Ahmad Sahel

☆ These dividend payers will beat the yields on cash as the Fed cuts rates, Bank of America says
▼ + stars: | 2024-08-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

However, investors can continue generating portfolio income if they snap up the right dividend stocks. Dividend yields that are too high may also raise the question of whether the company can sustain these payments to investors. Data storage player Seagate Technology made the cut, with a three-year annualized dividend yield of 7.9%, according to Bank of America's analysis. Bank of America rates KeyCorp as a buy, and it sees the company and its peers benefiting as the Fed dials back its policy. Devon, which the bank rates as a buy, this week surpassed the Street's estimates on core earnings per share in the second quarter, per FactSet.

Persons: Savita Subramanian, Wamsi Mohan, Mohan, Ebrahim Poonawala, Kraft, Merck Organizations: Federal Reserve, FedWatch, Bank of America, Seagate Technology, Bank of, KeyCorp, Devon Energy, Kraft Heinz, Simon Property Group Locations: Devon, Bank

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Such escalation could also jeopardize efforts to reach a ceasefire in Gaza and release hostages, despite recent progress in negotiations. Israeli Defense Minister Yoav Gallant and US Secretary of Defense Lloyd Austin discussed comprehensive security strategies to protect Israel, according to a statement on Monday. Israel was considering its options to prepare for a regional attack over the weekend. The country braces for war in its own way and tends to pick up after itself.

Persons: Ayatollah Ali Khamenei, Ismail Haniyeh, ”, Israel, Israel hasn’t, “, Yoav Gallant, Defense Lloyd Austin, Michael Kurilla, Kurilla, Ayman Safadi, Badr Abdelatti, Ali Bagheri Kani, ‘, Masoud Pezeshkian, Safadi, Nasser Kanaani, Fu’ad Shukr, Majdal Shams, Hassan Nasrallah, Benjamin Netanyahu, ” “, ” Netanyahu, Ali Bagheri, Netanyahu, Gallant, Daniel Hagari, Lebanon scrambledto, floaties, Samer Othman, Jalaa Marey, Othman, Liz Nicholas, David Adom, Be’er, Ivana Reiser, Zeev Jabotinsky, Naama, ” Be’er, ” Baer, Reiser, Roy Dror, Ron Heckmann, they’re, Dror, ” Heckmann, Uri Shacham, Shacham Organizations: Jerusalem CNN —, Iran’s, Islamic Revolutionary Guard Corps, Saturday, US, Israeli, Defense, US Central Command, Jordanian, Egypt’s, Zionist, Israel, Iran, Sunday, Getty Images Israel, Hezbollah, CNN, Mount, Mount Herzl Military, Getty, MDA Locations: Beirut, Tel Aviv, Jerusalem, Israel, Iran, Tehran, Lebanon, Gaza, United States, Syria, Majdal, Golan, ”, AFP, Cairo, Lebanese, Beirut’s, Mount Herzl, London, Nahariyah

☆ Israelis fear for hostages as Netanyahu celebrates ‘crushing blows’ against enemies
▼ + stars: | 2024-08-03 | by ( Nadeen Ebrahim | Mike Schwartz | ) edition.cnn.com time to read: +6 min

Tel Aviv, Israel CNN —As Prime Minister Benjamin Netanyahu celebrates what he sees as major victories against Hamas and Hezbollah this week, the mood in Tel Aviv is far from celebratory. On Wednesday, Netanyahu said that his country “struck crushing blows” to the “the three H’s” – Hamas, the Houthis and Hezbollah, all Iranian-backed, all fierce Israeli foes. Hamas also blamed Israel for the assassination of their political leader, Ismail Haniyeh, who was killed on Wednesday in Tehran. Netanyahu’s tone stands at odds with the mood on the ground in Tel Aviv, including among families of the hostages still in Gaza. Polls have repeatedly shown that most Israelis prioritize the release of hostages over continued war.

Persons: Benjamin Netanyahu, Netanyahu, ”, Mohammed Deif, Fu’ad Shukr, Israel, Ismail Haniyeh, –, Shiri, Yarden, Ariel, Kfir, Bibas, Zailer, CNN’s Clarissa Ward, ” Zailer, “, Kibbutz Nir, ” ‘, “ We’re, Itay, Let’s, ” Oved, Alona Lelchuk, ” Netanyahu Organizations: Israel CNN —, Hamas, Israel Defense Forces, CNN, Minister’s Office, Israel Democracy Institute, IDI, “ Locations: Tel Aviv, Israel, Yemen, Tehran . Israel, Gaza, Rafah, ”, United States, Tel

Ismail Haniyeh, leader of the Palestinian militant group Hama, arrives for the inauguration of the new Iranian President at the parliament in Tehran, on July 30. Tehran: Haniyeh took at least four trips to Tehran – in November, March, May and July. In May, he attended the funerals of Iranian president Ebrahim Raisi and foreign minister Hossein Amir-Abdollahian, who were killed in a helicopter crash. On his final trip to Tehran, which ended with his assassination, he attended the inauguration of the new Iranian president, Masoud Pezeshkian. Doha: As Israel’s war ravaged Gaza, Haniyeh spent the majority of his time in Hamas’ Doha offices.

Persons: Ismail Haniyeh, Hama, Stringer, Ismail Haniyeh’s, Haniyeh, Ali Khamenei, Ebrahim Raisi, Hossein Amir, Abdollahian, Masoud Pezeshkian Organizations: Getty, CNN, Tehran –, Iranian Locations: Tehran, AFP, Gaza, Istanbul, Turkey, Doha, Cairo, Qatar, Egypt

☆ Killing of Hamas leader leaves Gaza ceasefire hopes dangling by a thread
▼ + stars: | 2024-07-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

CNN —The assassination of the political leader of Hamas has plunged the Middle East into fresh crisis and dented already slim hopes of an end to the war between Israel and the militant group that rules Gaza anytime soon. Here’s what the killing of the Hamas and Hezbollah leaders means for the Gaza war and the region. “Netanyahu has systematically sabotaged ceasefire talks because ending the war will likely end his political career,” said Trita Parsi of the Quincy Institute, a US-based foreign policy think tank, in a post on X. A faltered negotiation process also extends the risk to the lives of the remaining hostages in Gaza. “This is the time for a deal.”There are 111 hostages still in Gaza, including 39 believed to be dead, according to data from Netanyahu’s office.

Persons: Israel, Ismail Haniyeh, Haniyeh, ”, Yahya Sinwar, Mohammed bin Abdulrahman, Benjamin Netanyahu, –, “ Netanyahu, “, Netanyahu, Jalaa Marey, Gershon Baskin, Baskin, ” Baskin, Gaza’s, Anwar, Antony Blinken, Biden, ” Hellyer, CNN’s Becky Anderson Organizations: CNN, Hamas, Quincy Institute, Palestinian, Getty, Families, Anwar Amro, Hellyer, Carnegie Endowment, International Peace, Royal United Services Institute for Defense, Security Studies, Israel Locations: Israel, Gaza, Tehran, Iran, Beirut, Golan, Qatar, Egypt, Mohammed bin Abdulrahman Al, Thani, Doha, US, Karmiel, AFP, Beirut's, United States, London

☆ Bank of America names Goldman Sachs its top financial pick, gives 3 catalysts that will drive the shares
▼ + stars: | 2024-07-30 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America analysts are growing more bullish on Goldman Sachs after meeting with chairman and CEO David Solomon. BofA reiterated a buy rating on Goldman Sachs in a note on Tuesday that summarized the meeting, alongside a $563 per share price target. GS YTD mountain Goldman Sachs stock. "We believe it is one of the best financial franchises (and among the strongest risk managers) globally at relatively discounted valuations on mid-teens ROE potential," Poonawala said. Goldman Sachs stock has advanced about 31% in 2024 through early trading Tuesday.

Persons: Goldman Sachs, David Solomon, BofA, Goldman, ROE resiliency, Ebrahim Poonawala, headwinds, Solomon, ROE, Poonawala Organizations: of America, Goldman, Wall Locations: Goldman Sachs

Smoke billows from the area of an Israeli air strike on the southern Lebanese village of Khiam near the border with Israel on March 23. RabihIsrael and Hezbollah have been trading rocket fire on a near-daily basis with increasing ferocity since Hamas’ October 7 attacks on Israel. Following Saturday’s strike on the soccer field, Israeli warplanes conducted airstrikes against Hezbollah targets “deep inside Lebanese territory” and along the border overnight Sunday, according to the military. Yesterday, Israeli Prime Minister Benjamin Netanyahu convened an emergency security cabinet meeting, and members “authorized the Prime Minister and the Minister of Defense to decide on the nature of the response against the terror organization Hezbollah, and on its’ timing,” according to the Prime Minister’s Office. Israeli officials have blamed Hezbollah for the strike and vowed to retaliate, while the Lebanese militant group has denied responsibility.

Persons: Rabih, Israel, – Sami Taleb Abdullah, Muhammed Neamah Naser –, Benjamin Netanyahu, “ Organizations: Defense, Hezbollah Locations: Lebanese, Khiam, Israel, Rabih Israel, Gaza

☆ What is the Golan Heights and who are the Druze?
▼ + stars: | 2024-07-28 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +5 min

CNN —Tensions between Israel and the Lebanese militant group Hezbollah have reached new heights in the wake of a deadly rocket attack in the Israeli-occupied Golan Heights. Here’s what to know about the Golan Heights, and the religious and ethnic Druze minority that fell victim to the attack. What is the Golan Heights? More than 20,000 Druze live in the Golan Heights. Druze of the Golan Heights share the territory with around 25,000 Jewish Israelis, spread across more than 30 settlements.

Persons: Majdal Shams, Israel, Donald Trump, Israel’s, Golan, Jalaa Marey, Law, ” Organizations: CNN, Hezbollah, United Nations, UN, Golan Regional Council, Regional Council, UN Human Rights, Getty, Nation Locations: Israel, Lebanese, Golan, Majdal, Iran, Syria, Jordan, Lebanon, Syria’s, Damascus, Gaza, Egypt, Syrian, Majdal Shams, AFP, ”, Carmel, Galilee, Israel’s

☆ Top UN court says Israeli occupation of West Bank and East Jerusalem is illegal
▼ + stars: | 2024-07-19 | by ( Nadeen Ebrahim | Mitchell Mccluskey | ) edition.cnn.com time to read: +6 min

CNN —The United Nations’ top court said Friday that Israel’s presence in the West Bank and East Jerusalem is illegal, in an unprecedented opinion that called on Israel to end its decades-long occupation of territories claimed by Palestinians for a future state. The Palestinians want the West Bank and Gaza for a future state, with East Jerusalem at its capital. ‘False decision’Israeli Prime Minister Benjamin Netanyahu and other politicians rejected the ICJ opinion. “The answer to The Hague – sovereignty now,” Smotrich said on X, a call for Israel to annex the West Bank. The ICJ in 2004 delivered an advisory opinion on the Israeli separation barrier around the majority of the West Bank, urging Israel to remove it from occupied land.

Persons: Judge Nawaf Salam, ”, “, Israel, –, Benjamin Netanyahu, ” Netanyahu, Israel Katz, Bezalel Smotrich, ” Smotrich, Eliav, ” Lieblich Organizations: CNN, United Nations ’, West Bank, Court of Justice, East Jerusalem, United Nations, UN, Assembly, Hamas, ”, Palestinian Authority, Tel Aviv University Locations: East Jerusalem, Israel, Palestinian Territory, Palestinian, The Hague, Netherlands, Jerusalem, Gaza, East, ”, United, of Israel, South Africa, Hague, Palestine

☆ Sheikha Mahra: Dubai princess’s Instagram account announces divorce with royal husband
▼ + stars: | 2024-07-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +2 min

The Instagram account of Sheikha Mahra bint Mohammed bin Rashid Al Maktoum, the daughter of UAE Prime Minister and Dubai ruler Mohammed bin Rashid Al Maktoum, announced her intention to leave her husband, a fellow royal. “I hereby declare our divorce,” 30-year-old Sheikha Mahra’s account posted on Instagram on Wednesday. There are no pictures of her on Sheikh Mana’s Instagram account either. CNN has reached out to the Dubai government’s Media Office for comment, which referred CNN to Sheikha Mahra’s media office. CNN has reached out to Sheikh Mana for comment through his Instagram account.

Persons: Mahra bint Mohammed bin Rashid Al Maktoum, Mohammed bin Rashid Al Maktoum, “, ”, Mahra, Sheikh Mana Bin Mohammed Al Maktoum, Grazia, Sheikh Mana’s, Zoe Grigorakos, CNN hasn’t, Sheikh Mana Organizations: CNN, United, United Arab Emirates, UAE Prime Minister, Pictures, Dubai government’s Media Locations: United Arab, Dubai, Instagram, UAE

☆ 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

☆ Buying into Charlie Scharf's 5-year turnaround plan for Wells Fargo just got a bit cheaper
▼ + stars: | 2024-07-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

In Friday's earnings commentary , the Club upgraded Wells Fargo back to our buy-equivalent 1 rating — viewing Friday's drop as an opportunity to add shares. Taken together, it shows just how far the CEO has gone to rehabilitate Wells Fargo. That same year, Wells Fargo admitted to improperly charging home lending customers for mortgage-rate-lock extensions as well. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Federal Reserve ordered Wells Fargo to freeze its balance sheet in 2018, keeping its assets below $1.95 trillion until senior management cleaned up its act. Wells Fargo parted with most of its senior management from its pre-2019 era and remade its board of directors.

Persons: Charlie Scharf, Wells, Scharf, That's, Jeff Marks, Wells Fargo, Ebrahim Poonawala, Charlie, " Scharf, we're, JPMorgan Chase, Morgan Stanley, There's, Wells Fargo's, Poonawala, he's, Doug Braunstein, Raymond James, David Long, Marks, He's, Jim Cramer's, Jim Cramer, Jim, Patrick T, Fallon Organizations: Wells Fargo, Club, Investors, KBW Nasdaq, Wells, CNBC, Federal Reserve, Currency, Bank of America, Consumer Financial Protection, JPMorgan, Wall, JPMorgan Chase, Fed, Milken Institute Global Conference, Afp, Getty Locations: Wells, Wells Fargo, U.S, delinquencies, Beverly Hills , California

☆ Israeli Prime Minister Benjamin Netanyahu reverses on key Israeli concession in ceasefire talks
▼ + stars: | 2024-07-12 | by ( Jeremy Diamond | ) edition.cnn.com time to read: +2 min

Jerusalem CNN —Israeli Prime Minister Benjamin Netanyahu has reneged on a key Israeli concession in ceasefire negotiations, demanding that armed men be barred from returning to northern Gaza during an eventual ceasefire, an Israeli source familiar with the talks told CNN. Israel had previously agreed to allow Palestinians fully unrestricted access to northern Gaza during an eventual ceasefire, but the Israeli Prime Minister told his negotiating team this week to demand that armed men be barred from northern Gaza as part of any ceasefire and hostage deal, the source said. The new demand could potentially upend progress in hostage negotiations and raises further questions about Netanyahu’s commitment to Israel’s own proposal for a deal that has become the basis for detailed negotiations. Israel had said it wouldn’t end the war until all hostages are freed and Hamas is eliminated. CNN has reached out to the Israeli Prime Minister’s Office for comment.

Persons: Benjamin Netanyahu, Israel, Netanyahu, ” Israel, CNN’s Nadeen Ebrahim, Ibrahim Dahman, Eugenia Yosef, Tim Lister Organizations: Jerusalem CNN, Israeli, CNN, Qatari, Doha, Prime Locations: Jerusalem, Gaza, Israel, ”

☆ JPMorgan reports before the bell Friday. What Wall Street is watching
▼ + stars: | 2024-07-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Along with the top- and bottom-line numbers, Wall Street is also keeping close watch on net interest income and guidance. "We see the greatest sources of potential earnings upside being driven by higher loan growth and capital markets." Barclays analyst Goldberg anticipates a slight decrease in net interest income in the second quarter due to a compression in net interest margin. Last year, the company posted $21.9 billion in net interest income for the period. Despite expectations for seasonally lower trading, he also expects strong investment banking activity and net interest income to drive ongoing positive momentum.

Persons: Jason Goldberg, Jamie Dimon, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Goldberg, Wells, Mike Mayo, Redburn, John Heagerty Organizations: JPMorgan Chase, LSEG, Barclays, JPMorgan, Bank, America's Locations: United States

☆ No music, no Western-style haircuts: UN report details life in Afghanistan under Taliban’s moral enforcers
▼ + stars: | 2024-07-10 | by ( Lex Harvey | ) edition.cnn.com time to read: +6 min

CNN —Listening to music, smoking hookah, and getting a Western-style haircut are all punishable acts under the suffocating rule of the Taliban in Afghanistan, according to a new UN report. The Taliban’s so-called morality police have curtailed human rights – disproportionately targeting women and girls – creating a “climate of fear and intimidation,” said the report by the UN Assistance Mission in Afghanistan (UNAMA) published Tuesday. Moreover, the report said, the Taliban’s instructions are issued in a variety of formats – often only verbally – and are inconsistently and unpredictably enforced. However, reports from Afghanistan suggest the Taliban’s repressive control over women has led to a sharp rise in suicide attempts. Ahmad Sahel Arman/AFP/Getty ImagesMedia is heavily restricted, and residents live in a surveillance state, the report added.

Persons: ”, Majid Saeedi, Ebrahim Noroozi, Bernat, Ahmad, Ahmad Sahel Arman, “, Rosemary DiCarlo Organizations: CNN, UN, legislating, Taliban, ”, Getty, Media Locations: Afghanistan, Zaranj, Afghanistan's Nimroz, Kabul, Afghan, Ahmad Sahel, AFP, Qatar, Doha

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