Large US banks reported Friday a mixed fourth quarter to conclude a turbulent year, but expressed optimism about 2021 thanks to the coronavirus vaccine and additional fiscal stimulus.
The biggest US banks (with the exception of Wells Fargo) all saw per-share earnings estimates jump by at least 8% in the past month, according to Barclays analysts Jason Goldberg.
The banking titan's net income jumped 42%, largely due to its release of $US2.9 billion in credit reserves. Group revenues, Citigroup said, fell 10.3% to $16.5 billion, missing analysts' estimates of a $16.7 billion tally.
The big USA lenders spent 2020 grappling with the economic fallout of the Covid-19 pandemic, setting aside billions to cover expected loan losses. The economy has fared better than what executives had feared throughout the spring and summer.
Investment banking revenue surged 37% to $2.5 billion, driven by higher advisory fees across all its products.
Shahid Afridi bats for Mohammad Amir
After the snub, Malik had stayed on but Amir announced that he will not play under Misbah and Waqar Younis. Amir also took a dig at coaches for the recent series losses against New Zealand.
But the bank still has $30 billion in reserves, which "continue to reflect significant near-term economic uncertainty and will allow us to withstand an economic environment far worse than the current base forecasts by most economists", the bank said.
About 70% of JPMorgan's beat came from reserve releases and much of the benefit was already priced into its stock, Evercore ISI analyst Glenn Schorr estimated. Trading revenue rose 20% to $5.9 billion.
Investors sold off JPMorgan and other banks early in the pandemic, anxious that loans would go sour.
That led to a record reduction in net interest margins - the difference between what banks charge for loans and what they pay out to depositors.
The bank's other reporting lines held up well during the quarter.
Trading revenue surged as the bank benefited from volatility in financial markets with investors reassessing their portfolios at the end of the year.
India's reply began shakily after lunch, with the relentless Pat Cummins having opener Shubman Gill caught in the slips for seven. While the ground drained quickly afterwards, the umpire called off the day as the outfield was too wet for play to continue.
He almost became the head coach of the Indianapolis Colts in 2018 but made a decision to return to the Patriots instead. His tenure proved to be short, lasting less than two seasons with an 11-17 record.
Brooklyn has gone 3-2 in Irving's absence and has won back-to-back games since losing to the Oklahoma City Thunder on Sunday. The other is his new teammate, James Harden . "He's been doing it for a very, very long time ", Harden said .
Abbas issued the decree while receiving head of the CEC Hanna Nasser at the presidential H.Q in Ramallah, in the West Bank. The last legislative elections were held in January 2006 and the presidential elections were held in March 2005.
Balagov, who is of Circassian origin, is best known for directing the somber Russian-language dramas Closeness and Beanpole . Joel, a hardened survivor, is hired to smuggle the 14-year-old girl out of an oppressive quarantine zone.
The Ministry for Primary Industries said it was not aware of any evidence that New Zealand milk powder was the source of Covid-19. The company has confirmed that as of 2pm Thursday China time, 1,662 employees have been quarantined and tested.
The second-seeded Bills will face the victor of Sunday's game between the Cleveland Browns and Kansas City Chiefs (CBS, 3:05 p.m. Until he tied the National Football League playoff record for longest interception return - 101 yards for a touchdown.
Beeler, from Front Royal, Virginia, presented officers with what was described as an unauthorized inauguration credential. A spokeswoman for the Capitol Police told the Times that Beeler had shown a "nongovernment issued" credential.
Here's Your First Look At LeBron James "Space Jam"
In the unveiling video, James confidently walks to his right before redirecting to the center to look directly into the camera. No. 6 was James' number with the Miami Heat and the USA National Team, as well as his practice uniform .
Disruptive Norwegian Air exits long-haul travel
Passengers whose future bookings have now been canceled "will be contacted directly and will be refunded", Norwegian said. The coronavirus pandemic has had a profound impact on operations, the airline said.
Tam calls for strong measures to control spread of COVID-19
Theresa Tam says in the short-term, models predict over 100,000 new cases of COVID-19 and 2,000 more deaths in the next ten days. Hospitalizations are highest per capita in Manitoba , followed by Alberta , Saskatchewan , Quebec , Ontario and B.C.