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Author Bio Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko The $183 billion asset Citizens Financial Group (NYSE:CFG) based in Rhode Island has been enjoying a nice year thus far in 2021, with its stock currently up roughly 34% year to date. While most of the banking industry has done well, and Citizens will enjoy the same tailwinds as the rest of the sector, the bank has some unique levers that could make it a standout in the industry this year. ....
PNC's Demchak does not share rivals' optimism about loan demand americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
A Huge Week Is Looming for Financial Sector ETFs April 13, 2021 Financial sector exchange traded funds are in for a big week as Wall Street banks kick off the first quarter earnings season. RBC Capital Markets’ Gerard Cassidy anticipates financials to exceed Wall Street expectations when they start reporting this week, CNBC reports. “The big beats are likely to come from the loan loss reserve releasing numbers,” Cassidy, RBC Capital Markets’ head of U.S. bank equity strategy, told CNBC. “Last year because of the pandemic, the banking industry set aside billions of dollars in anticipated credit losses, and the reserves for these losses weren’t used.” ....
Federate Hermes portfolio manager Steve Chiavarone says he s bullish on economic recovery on The Claman Countdown. The upcoming week will be jam-packed with economic data including the Federal Reserve s Beige Book, and earnings from over a dozen big names including JPMorgan, Goldman Sachs and Delta Airlines. Investors will also pay close attention to the initial public offering of Coinbase on Wednesday and President Biden s first meeting with a foreign leader since taking office, which is slated for Friday. FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days as the S&P 500 and the Dow Jones Industrial Average are sitting at records, and the Nasdaq Composite exited correction territory on Friday. ....