Bank of America (BAC) CFO says have not experienced any material losses on private credit, via conference call
Bank of America’s CFO indicating no material losses on private credit suggests a stable risk profile, which could bolster confidence in the bank's overall financial health.
Brazil Treasury says new bonds will be issued in three tranches, maturing in four years (Euro 2030), 7-years (Euro 2033) and 10-years (Euro 2036)
US President Trump says China is very happy that he permanently opening the Strait of Hormuz... and President Xi will give him a big, Fat, hug when he gets there in a few weeks
Bank of America (BAC) CFO says have not experienced any material losses on private credit, via conference call
UBS (UBSG SW) expects to achieve underlying return on CET1 capital of 15% and cost/income ratio of less than 70% by end of 2026; raised total cost savings target by USD 500mln to USD 13.5bln by end '26
PRIMER - Today’s Fedspeak: Barr, Hammack, Bowman, Beige Book
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- Continue to buy back shares over time.
- In a good asset quality environment for consumers.
Their commitment to ongoing share buybacks reflects a positive outlook and strong capital position, potentially supporting the stock while signaling confidence in future earnings amidst a favorable asset quality environment.
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