07-16-2016, 11:05 PM
In nearly every category, Wells added to its loan portfolio, indicating a strong desire for credit from both businesses and households. The most encouraging segment is probably commercial and industrial loans, or C&I, which are given to businesses that are looking to make large investments. According to Wells, its C&I loans grew by $39 billion, or 14%, from the year before. Commercial real-estate loans also increased by $10.7 billion, or 8% (which may or may not be a good thing).
Wells Fargo loans good for economy - Business Insider
Trying to predict whether a company will meet, beat or disappoint consensus earnings expectations is anyone's game. To that end, Goldman Sachs has compiled a list of 25 U.S. stocks that it considers its most "out-of-consensus" opportunities. For 13 companies on the list, Goldman equity analysts believe quarterly earnings will beat consensus estimates. For the other 12 companies, the firm believes earnings will disappoint.
These 6 Stocks Could Beat on Earnings Day and Have Strong Technical Charts to Match - TheStreet
A 91-year-old woman has been questioned by police in Germany — after she filled in the blanks in a piece of modern art based on a crossword puzzle. The pensioner, who has not been named under German privacy law, was questioned under caution a
91-year-old woman fills in crossword at museum - only to discover it was a £60,000 artwork
Forget Brexit, go for raw materials. Citigroup Inc. says that it’s bullish on commodities including oil in 2017 as the impact of the U.K.’s vote to quit the European Union fades away, global growth chugs along and with markets rebalancing investors plow more cash into funds. “Citi is especially bullish commodities for 2017,” analysts led by Ed Morse wrote in an note received on Monday, two months after the New York-based bank said that raw materials’ markets had turned the corner. “The oil market is treading water for now, but the oil price overshot to the downside earlier this year and this is clearly setting the stage for a bullish end to the decade.”
Citigroup Backs Commodities for ‘17 in ‘Especially Bullish’ Call - Bloomberg
The liquidity trap, when monetary policy becomes ineffective at very low or zero interest rates, may be old news but the global dimension of the problem is a new and worrying phenomenon — not least because it’s starting to undermine the usefulness of the global monetary reserve balance, which is mostly debt financed. And here’s the rub: so engrained is the notion saving is always thrifty and good that it’s become extremely hard to articulate why this state of affairs is so disastrous for the global economy.
Why the world needs investment, not money chasing old assets | FT Alphaville