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0.000413539275892704 0.000765047660401556 -0.00237785083638314 0.00130016748340676 0.00177821888633876 0.00375741786076135 -0.00227446601740993 -0.00414118230878973
Stock impact report

Freed from Asset Cap, Wells Fargo Ramps up Lending [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
“We have built a strong foundation and have made great progress in improving growth and returns, though we have operated with significant constraints,” CEO Charlie Scharf said in a news release , referring to a $1.95 trillion cap on assets imposed by the Federal Reserve in 2018 after a series of scandals. “We are excited to now compete on a level playing field and are able to dedicate even more resources to growth with the ability to grow our balance sheet.” Net income climbed 5.5% to $5.4 billion, or $1.62 a share, trailing estimates of $1.67 a share, in part because of its $612 million in severance costs. Net interest ?income rose 4% from the previous year to $12.3 billion, also below analysts' expectations. SUBSCRIBE: Receive more of our free The Daily Upside newsletter. READ ALSO: Coinbase CEO's Change of Heart on Crypto Framework Stalls Key Senate Bill and Goldman Sachs, Morgan Stanley Riding High on Dealmaking Wave Loans in the corporate and investment banking business cl Show less Read more
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