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Follow this list to discover and track stocks have the highest Social scores as rated by Sustainalytics Research. This list is generated daily and limited to the top 30 stocks that meet the criteria.
Berkshire Hathaway Inc.
Wells Fargo & Company
Coca-Cola FEMSA, S.A.B. de C.V.
National Grid plc
Digital Realty Trust, Inc.
Liberty Broadband Corporation
Twenty-First Century Fox, Inc.
Energy Transfer LP
First Republic Bank
Arch Capital Group Ltd.
Stanley Black & Decker, Inc. CORP UNIT 2017
Teva Pharmaceutical Industries Limited
Annaly Capital Management, Inc.
Zillow Group, Inc.
Public Joint-Stock Company Mobile TeleSystems
Kimco Realty Corporation
InterContinental Hotels Group PLC
Grupo Aval Acciones Y Valores S.A.
Sociedad Química y Minera de Chile S.A.
New York Community Bancorp, Inc.
The Federal Reserve will backstop the Small Business Administration’s emergency loan program, as lenders continue to work through the Paycheck Protection Program.
Wells Fargo (WFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The change comes as the coronavirus pandemic has put increased pressure on Wells Fargo's balance sheet which has been capped by regulators since 2018. The U.S. Federal Reserve restricted the bank's balance sheet at 2017 levels until it can prove it has the risk management structures which led to the 2016 sales practices scandal. The bank is shunning riskier non-conforming loans with downpayments of less than 20% and home equity lines of credit above $500,000, according to the memo.
Wells Fargo says it already has more demand than it can handle for the federal government's small business rescue programme, increasing pressure on regulators to free the bank from a cap on assets imposed after a fake accounts scandal two years ago. The San Francisco-based bank said on Sunday night that it could lend just $10bn to companies appealing for help under the $350bn scheme designed to get money into the accounts of small business owners at risk of going bust as the coronavirus pandemic shuts down economic activity. Announcing that Wells had reached its limit for SBA loans, chief executive Charlie Scharf stressed that his bank “continues to operate in compliance with an asset cap imposed by its regulator due to actions of past leadership”.
The $350 billion loan program, which launched on Friday, will provide low-interest loans to help small businesses cover payroll and other fixed costs such as rent, mortgages and utilities over the next eight weeks. "While we are actively working to create balance sheet capacity to lend, we are limited in our ongoing ability to use our strong capital and liquidity position to extend additional credit," Chief Executive Charlie Scharf said in a statement. The Federal Reserve in early 2018 ordered Wells Fargo to keep its assets below $1.95 trillion, until it had improved its governance and risk controls following a wave of sales practice scandals.
Banks were supposed to start processing loan applications on Thursday at midnight from small businesses under the $349 billion Paycheck Protection Program, but they weren't prepared for the onslaught.
First Republic Bank (FRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ArcelorMittal South Africa has issued force majeure notices to customers and suppliers "where appropriate" as a nationwide three-week lockdown impacts Africa's biggest steel producer. Triggering a force majeure clause in contracts allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances. ArcelorMittal South Africa also said on Friday it has cut salaries for all employees, effective this month, for a "likely" period of three months.
With majority of annual base rent coming from grocery-anchored centers apart from having solid liquidity, Kimco Realty (KIM) is well poised to navigate through the coronavirus crisis.