- Eli Lilly and Company and Wells Fargo are major players whose market performance is influenced by FED rate decisions and the banking sector's net interest margin.
- Fed rate hike increases deposit costs.
Major financial institutions are warning of increased deposit costs and charge-offs following the recent FED rate hike.
2 reports, 1 independent
Updated Sep 22
No new developments lately
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Major financial institutions are warning of increased deposit costs and charge-offs following the recent FED rate hike.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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JPMorgan Chase
American multinational banking and financial services holding company
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Goldman Sachs
American investment bank
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Wells Fargo
American multinational banking and financial services company
Related events
- Market pricing of future rate hikes is being observed.
- Fed rate hikes are putting upward pressure on savings rates, with Goldman Sachs managing the Apple Card Savings account.
- Fed rate hikes are impacting investment banking, lending business, and funding costs, as discussed by Gerard Cassidy on CNBC.
- Financial institutions, including Wells Fargo and Bank of America, issued rating updates and filed reports regarding institutional stake reductions with the SEC.
- Wells Fargo issued stock ratings (downgrade/upgrade) for Eagle Materials and Qualcomm amid Fed rate hike fears.