© Reuters
JPM
+0.49%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
WFC
+1.04%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
C
+0.63%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Investing.com — Bank borrowing from the Federal Reserve’s emergency lending programs declined slightly for the week ended July 12, marking the second straight weekly decline, according to latest Federal Reserve data released Thursday.
In the week ended July. 12, total lending from the two Fed backstop lending programs fell to $105.00 billion from $105.32B in the prior week.
Banks borrowed an average of $2.69 billion each night, down from $3.36B from a week earlier, according to the Fed data.
Borrowing from the Fed’s Bank Term Funding Program — the new emergency lending program launched following the collapse of Silicon Valley Bank — rose to $102.30B from $101.96B in the prior week.
Lending to the Federal Deposit Insurance Corporation, which took over the collapsed Silicon Valley Bank, fell to $162.44B from $164.78B.
The data comes just a day ahead of the quarterly results from major Wall Street banks.
JPMorgan Chase & Co (NYSE:JPM) is among a trio of Wall Street banks including Citigroup Inc (NYSE:C) and Wells Fargo & Company (NYSE:WFC) set to deliver quarterly results before the U.S. markets open Friday.
“We expect another challenging earnings season with more downward revisions to net interest income guidance,” Wedbush in a recent preview note on bank earnings.
Source: Investing.com
