tyb
AF2 USAF VIP C-32A departing JBA sw to Baton Rouge, LA-cap #2
https://twitter.com/mike_pence
00-9001 USAFSOC C-32B departed JBA aftr a ground stop of a little over 30 minutes from an inbound of McGuire AFB, NJ
92-0373 USAF C-26B Metro 23-this is the AC that was above the protests on the DC Mall on final at Baltimore Int'l BWI from Kona, Hawaii
sure you did toilet boi…sure
VENUS31 USAF C-40B south from JBA
R01052 US Army C-560 departed Ft. Bragg, NC
AF2 USAF VIP C-32B contines sw
00-9001 USAFSOC C-32B now heading se after a change in direction between Columbus and Dayton, OH
Wells Fargo's stock heads for biggest 1-day, post-earnings selloff in nearly 9 years
Shares of Wells Fargo & Co. WFC, -5.79% tumbled 6.5% in morning trading, enough to pace the the large-capitalization banking sector's decliners, after the bank reported second-quarter results that missed expectations. The San Francisco-based bank lost $2.38 billion in the second quarter, compared with a profit of $6.21 billion a year earlier, as the novel coronavirus continued to pummel the economy. It was the bank’s first loss since the fourth quarter of 2008 and just its third loss of this century.
The bank lost 66 cents per share. Analysts polled by FactSet had expected a loss of 16 cents. Revenue of $17.84 billion was down 17% from $21.58 billion a year earlier. The lender has been hit hard by the economic collapse resulting from the coronavirus pandemic, which has forced many consumers and businesses to seek reprieve on their debt payments.Wells Fargo set aside $9.57 billion to cover potential loan losses in the second quarter on top of the $3.83 billion it set aside in the first quarter. The stock is on track to suffer the biggest one-day post-earnings decline since it tumbled 8.4% on Oct. 17, 2011, after third-quarter 2011 results were released. The stock, which was headed for the lowest close since May 15, has now shed 21.3% over the past three months, while the SPDR S&P Bank ETF KBE, -0.50% has gained 3.9% and the S&P 500 SPX, 0.00% has rallied 10.1%.
https://www.marketwatch.com/story/wells-fargos-stock-heads-for-biggest-1-day-post-earnings-selloff-in-nearly-9-years-2020-07-14
https://www.foxbusiness.com/markets/wells-fargo-posts-first-loss-in-more-than-a-decade
The largest U.S. banks have so far stashed away more than $52 billion to prepare for possible losses this. Bond trading revenues surged 68%-go figure….not.
Citigroup profit falls 73% as it girds for coronavirus economy
Citigroup Inc.’s second-quarter profit fell 73%, weighed down by $7.9 billion the bank set aside for potentially rising loan losses. The spread of the novel coronavirus around the globe and the resulting economic slowdown have pummeled the banking industry and raised concerns about loan defaults by consumers and big businesses alike. The bank posted a profit of $1.32 billion, down from $4.8 billion a year earlier. At 50 cents per share, the results exceeded the average analyst estimate of 35 cents a share, according to FactSet. Per-share earnings were $1.95 a year ago. Revenue rose 5% to $19.77 billion. Citigroup’s loan-loss provision included $2.21 billion in net charge-offs and $5.7 billion it added to its reserves for loans that might default in the future. Analysts had expected the total would be $7.36 billion. Revenue in the bank’s consumer operations was down 10% to $7.34 billion. Offsetting some of the pain was a strong quarter in the corporate and investment bank, where revenue rose 21% to $12.14 billion.
https://www.foxbusiness.com/markets/citigroup-profit-falls-73-as-it-girds-for-coronavirus-economy
JPMorgan trading revenue surges as coronavirus upends markets
JPMorgan Chase, the largest U.S. lender, posted higher profit than analysts estimated as the COVID-19 pandemic hammered the country's economy in the three months through June. Profit of $1.38 a share compared with the $1.04 average estimate from analysts surveyed by Refinitiv, even as earnings shrank 51 percent to $4.7 billion, thanks in part to lower profit margin on loans as the Federal Reserve slashed interest rates. Revenue climbed 15 percent to $33.8 billion, the company said, amid double-digit growth in stock and bond trading as investors nationwide moved money to safer assets and took advantage of market volatility. JPMorgan ended the quarter with $34 billion of credit reserves and liquidity resources of $1.5 trillion
https://www.foxbusiness.com/markets/jpmorgan-coronavirus-wall-street-earnings-2q