The Motley Fool

OCTOBER 11, 2024

Our broader set of credit card products continue to be well received by both existing customers and customers new to Wells Fargo with nearly 2 million new credit card accounts this year. The investments we've been making in our consumer, small, and business banking segment are starting to generate growth.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

JULY 12, 2024

See the 10 stocks » *Stock Advisor returns as of July 8, 2024 In CCB, we had a record number of first-time investors and strong customer acquisition across checking accounts and card, and we've continued to see strong net inflows across AWM. billion or 21%, largely driven by higher investment banking revenue and asset management fees.

Banks 130

Banks Capital Finance Financing 130

The Motley Fool

JANUARY 12, 2024

Total debit and credit card spend was up 7% year on year, driven by strong account growth, and consumer spend remained stable. Card outstandings were up 14% due to strong account acquisition and continued normalization of revolve. Investment banking revenue of 1.6 In advisory, fees were up 2%. Expenses of 8.7

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

APRIL 12, 2024

billion or 12% driven by higher firmwide asset management and Investment Banking fees as well as lower net investment securities losses. Card outstandings were up 13% due to strong account acquisition and the continued normalization of revolve. Next, the Corporate & Investment Bank on Page 5.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Banks Investment Banking Investment Banks 130

The Motley Fool

JULY 26, 2024

But you mentioned their equities trading, which was really strong, their investment banking fee growth, which was 29% year over year, which came from a very low bar, but now more companies are going public, more M&A activities happening, and the banks are a big beneficiary of that. trillion.

Banks 130

Banks Investment Banks Investment Banking Portfolios 130

The Motley Fool

JULY 14, 2023

In banking, the momentum in investment-grade debt has spread into other DCM products. But the long-awaited rebound in investment banking has yet to materialize. And it was a disappointing quarter in terms of both the wallet and our own performance, with investment banking revenues down 24%.

Banks 130

Banks Capital Investment Banks Investment Banking 130

The Motley Fool

OCTOBER 11, 2024

NII ex-markets was up $274 million or 1%, driven by the impact of balance sheet mix and securities reinvestment, higher revolving balances in card, and higher wholesale deposit balances, predominantly offset by lower deposit balances in banking and wealth management and deposit margin compression. NIR ex-markets was up $1.8

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Motley Fool

JULY 14, 2023

Card outstandings were up 18% year on year, which was the result of revolver normalization and strong new account growth. billion were up 8% year on year, driven by compensation, predominantly due to wage inflation and headcount growth as we continue to invest in our front office and technology staffing, as well as marketing.

Banks 130

Banks Liabilities Capital Assets 130

The Motley Fool

FEBRUARY 22, 2024

So, Frame is -- I've referred to it in the past when we've talked about it as really kind of the do-it-yourself Metaverse, meaning that it doesn't, whereas Virbela was a fairly heavy application, you had to download a client and then those clients when you get into large enterprises, investment banks, etc., Tom White -- D.A.

Legal 100

Legal Management Fees Leveraging Accounting 100

The Motley Fool

JULY 16, 2024

JP Morgan's quarterly profit fell, that is excluding some one-off gains from their stake in Visa, but their operating profits fell, and that's even as their revenue was higher than Wall Street's expected, and they had a nice jump in investment banking fees. Now, Citi was up 10%, not too bad.

Banks 130

Banks Mergers and Acquisitions Investment Banks Investment Banking 130

The Motley Fool

AUGUST 8, 2024

Then you look at monthly active accounts was up 3%. Total accounts was flat. You hear about the investment banks that are running these IPOs, that it's their job to market and really try to create the biggest pool of money as you possibly can for the IPO. Just the assets under management fees.

Hedge Funds 130

Hedge Funds Leveraging Prospects Capital 130

The Big Picture

MARCH 27, 2023

I wanted to see the world, and whether it was investment banking, or basket weaving really had absolutely no bearing on my decision. What accounts for the difference between the two in your experience working on the trading desk? I wanted a job that would take me away from Paris.

Hedge Funds 114

Hedge Funds Funds Assets Financing 114

The Big Picture

JUNE 13, 2023

So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. We decided to try to have a go on our own. We were 28, 30 respectively.

Banks 59

Banks Asset Management Assets Capital 59

The Motley Fool

JANUARY 15, 2025

Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset management fees and investment banking fees. In CCB, we had a record number of first-time investors and acquired nearly 10 million new card accounts. Next, the commercial and investment bank on Page 6.

Banks 243

Banks Investment Banking Investment Banks Capital 243

The Motley Fool

JULY 16, 2024

Fees grew 6% year over year and represented 46% of total revenue in the quarter. Our strong fee performance was led by a 14% improvement in asset management fees in our wealth management businesses. We grew investment banking fees 29% year over year and saw sales and trading revenue increase 7%.

Banks 130

Banks Assets Taxes Liabilities 130

The Big Picture

JANUARY 7, 2025

If you look at the m and a volumes at at most of the major investment banks, including at Raymond G’s volumes came down. So as rates come down, as money gets pushed out of t-bills gets pushed out of money market accounts and starts to seek yields again, private markets become interesting to a lot of players.

Capital 52

Capital Hedge Funds Buyout Funds 52