Bank of America puts investments over cost cuts as 'operating leverage' fades

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Go back to Bank of America puts investments over cost cuts as 'operating leverage' fades

Wells Fargo (WFC) Reports Election of Richard B. Payne Jr. to Board

October 17, 2019 4:17 PM EDT

Wells Fargo & Company (NYSE: WFC) today announced that Richard (Dick) Payne Jr. has been elected to the companys Board of Directors, effective immediately, and will serve on the Boards Credit Committee. Payne retired in 2016 as vice chairman of Wholesale Banking at U.S. Bancorp.

Payne has more than 40 years of corporate and commercial banking experience with large financial institutions. At U.S. Bancorp, he served from 2010 to 2016 as vice chairman of Wholesale Banking and had responsibility for national corporate banking, commercial banking, capital markets, commercial real estate, financial institutions, equipment finance, global treasury... More

Credit Suisse Reiterates Outperform Rating on Citi (C) Following 3Q Report

October 17, 2019 7:08 AM EDT

Credit Suisse analyst Susan Katzke reiterated an Outperform rating and $80.00 price target on Citi (NYSE: C) following the company's 3Q earnings report. Citi reported 3Q eps of $2.07, beating the consensus of $1.95. The upside was tied to more revenue and lower than forecast credit costs.... More