Wells Fargo, JPMorgan Announce Q4 Results

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Wells Fargo, JPMorgan Announce Q4 Results  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Wells Fargo and JPMorgan Chase have each released their Q4 2019 quarterly results, detailing how the bank’s performed toward the end of the year, and how Wells Fargo’s new CEO has made changes to the company.Wells Fargo posted a revenue of $19.9 billion, down from $21.0 billion in Q4 2018. In a release, Wells Fargo CEO and President Charlie Scharf noted how Wells Fargo is making new steps, saying, “Wells Fargo is a wonderful and important franchise that has made some serious mistakes, and my mandate is to make the fundamental changes necessary to regain the full trust and respect of all stakeholders.”Scharf joined Wells Fargo in September, after former CEO Tim Sloan stepped down in June.“During my first three months at Wells Fargo my primary focus has been on advancing our required regulatory work with a different sense of urgency and resolve, while beginning to develop a path to improve our financial results,” Scharf added. “This work is necessary to build the appropriate foundation for us to move forward. Wells Fargo plays an important role for our country, and we know that ultimately our actions and results will dictate when that trust is fully regained. And while the work is substantial, I am confident that with the appropriate prioritization of resources, processes, and management attention, we can accomplish what is expected of us.”Meanwhile at JPMorgan Chase, the bank reported revenue of $28.3 billion.“JPMorgan Chase produced strong results in the fourth quarter of 2019, capping off a solid year for the Firm where we achieved many records, including record revenue and net income,” said JPMorgan Chase Chairman and CEO Jamie Dimon. “While we face a continued high level of complex geopolitical issues, global growth stabilized, albeit at a lower level, and resolution of some trade issues helped support client and market activity towards the end of the year. The U.S. consumer continues to be in a strong position and we see the benefits of this across our consumer businesses.”JPMorgan’s home lending revenue was $1.250 billion down from $1.465 billion in Q3 2019 and $1.322 billion in Q4 2018. JPMorgan Wells Fargo 2020-01-14 Seth Welborn About Author: Seth Welborn Share Save Home / Daily Dose / Wells Fargo, JPMorgan Announce Q4 Results Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Previous: Are Recession Fears Overshadowing Actual Market Trends? Next: When the Gavel Falls After Foreclosure Sales Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago January 14, 2020 1,023 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Tagged with: JPMorgan Wells Fargo Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Training muddle blights drive for Blunkett’s learning society

first_imgTraining muddle blights drive for Blunkett’s learning societyOn 11 Apr 2000 in Personnel Today Comments are closed. Previous Article Next Article Training experts have delivered a scathing verdict on theGovernment’s strategy for creating a culture of lifelong learning in Britain.They complain that in its enthusiasm for the learningsociety it has set up a muddle of institutions, bodies, partnerships, funds andschemes that are beyond the comprehension of experts.Roger Opie, director of education at the Industrial Society,said, “Far too much of it is disjointed initiatives that are set to continuethe problem of access to learning. Far from reducing the existing bureaucracyand institutional fiefdoms that bar people from learning, the Governmentappears to be creating a new set.”The Government is expecting employers to play a full part inthe formation of a learning society. But experts point out that many of theinitiatives appear to outsiders to cut across each other and fulfil similaraims.Employers are being invited to take part in the New Deal,Modern Apprenticeships, Investors in People, Learning Partnerships, the “Hubs”which is associated with the University for Industry and, from April 2001, thenew Learning and Skills Councils that are set to replace the Training andEnterprise Councils.Yet the Department for Education and Employment does notpossess a list of all its schemes.“I do think some are asking ‘how does all this fit together,’”said Margaret Murray, head of the CBI’s learning and skills group. “If theyperceive it is too much, they will not deliver.” Related posts:No related photos.last_img read more

Man City secures victory over Sunderland.

first_imgThey were 2-nil winners at the Stadium of Light courtesy of goals from Sergio Aguero and Leroy Sane.Tottenham kept up the pressure on leaders Chelsea.A 3-2 victory over Everton at White Hart Lane narrowed the gap to seven points. Meanwhile Chelsea can restore their 10 point lead tonight.They’ll do that with a win over London rivals West Ham at London Stadium.Chelsea has lost only two of their last 21 League games against West Ham. The action kicks off at 8pm.last_img