RE: Citi Bank up 14%16 Jul 2022 08:29
Morning Wids
Hope all's good up North :-)
I was only going writing what the CEO at Wells Fargo said last night regarding his results last night, he did say interest revenue was up 20% and will be increasing over the next few updates, and said they have not noticed anydistress from customers will large debt at at the end of June.
No doubt, its all ifs and buts, but I also read most companies in the UK are struggling to fill their Job vacancies , so looking likely that we may not see high unemployment in the near future anyway.
American Banks have had a good run on their Buy backs ( over 2 years now ahead of us ) so they probably need to sure up the Balance Sheets a little.
Going to a party family this afternoon, probably be in bed by 8pm ( Drunk and Sun stroke )
Have a good weekend :-)