financetom
Business
financetom
/
Business
/
Factbox-Top bank executives' take on US presidential elections
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-Top bank executives' take on US presidential elections
Jul 12, 2024 12:33 PM

(Reuters) - The U.S. election and geopolitical uncertainty are among the factors clients are focused on as they weigh their business decisions for the next few quarters, banking executives said on Friday.

U.S. President Joe Biden is facing calls to abandon his re-election bid after a feeble presidential debate performance against his rival, Republican Donald Trump, late last month.

Here is what the banking top deck had to say about the elections slated in November and geopolitics:

WELLS FARGO:

"Certainly it (U.S. election) is one of a number of issues that come up with clients when they think about the timing of any type of activity that they may be thinking about, whether it's issuing debt, M&A activity or just normal investments that they make," CFO Mike Santomassimo said.

"That's just one of a number of things that people are thinking about as they look forward over the next 6, 9, 12 months, to make decisions."

JPMORGAN CHASE:

"It's (the U.S. election) obviously a topic that everyone's talking about. I'm sure those conversations are happening but there is nothing that's financially material in the context of earnings," CFO Jeremy Barnum said.

BNY:

"We've got a whole bunch of other types of geopolitical risks out in the world. We're sort of continuing to grind through elections that we've talked about, through the course of the year. There're all sorts of other things happening," CEO Robin Vince said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved