Bank of America Corp BAC andWells Fargo & Co WFC shares are trading lower by 2.35% to $29.06 and 1.57% to $40.80, respectively, Tuesday afternoon.
Shares of several companies in the broader financial space are trading lower in sympathy with First Republic Bank FRC after the company announced a decline in deposits and revenue for the first quarter, possibly increasing concerns surrounding the overall financial sector.
First Republicsaid first-quarter revenue fell 13.4% year-over-year to $1.2 billion, which beat consensus estimates of $1.15 billion.The bank reported quarterly earnings of $1.23 per share, which beat estimates of 85 cents per share…Read More
Here are some key analyst takeaways from First Republic Banks quarterly results.
Shares of several bank stocks are also trading lower for 2023 following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
According to data fromBenzinga Pro: BAC has a 52-week high of $40.76 and a 52-week low of $26.32 WFChas a 52-week high of $50.19 and a 52-week low of $35.25
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2:20
Gaza deal could be agreed within 24-36 hours
Yet Hamas – the group still holding the 20 or so living hostages in captivity – is still not entirely defeated.
Yes, they are weakened immensely, but has Benjamin Netanyahu achieved the “total victory” over the group he set out to do two years ago? No.
So why has he suddenly agreed to a partial victory?
Image: Smoke rises following an Israeli military strike in the northern Gaza Strip. Pic: AP
Speaking to those in the Israeli security establishment, one could develop a somewhat cynical view about his decision.
Recent leaks in the media around talks between Donald Trump and Israel’s prime minister, reports that the US president told Mr Netanyahu to “stop being so f***ing negative,” could be more coordinated than it seems at first glance, according to these conversations that I am having here in Israel.
It now suits Mr Netanyahu politically to stop the war.
For the past two years, he has needed to keep his coalition with the far-right together to prevent his government from collapsing.
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2:01
Gazans reflect on two years of war
That meant continuing to pound Gaza, restricting the flow of aid, and allowing the likes of Bezalel Smotrich and Itamar Ben-Gvir to continue, unchecked, to fan the flames of ethnonationalism and call for the ethnic cleansing of the area.
Now, next year’s elections are honing into view.
Mr Netanyahu needs a win so he can go to his country as the statesman who got the hostages back and ended the war.
He needs external pressure from the US president to get this war done.
Don’t forget that, for Mr Trump, the timing is also key; the Nobel Peace Prize is announced on Friday and there is not much more that the president wants than to put the gong on his mantelpiece.
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Never mind that this deal looks a lot like the deal former US President Joe Biden presented more than a year ago. The timing wasn’t right then, but it might be now.
The Palestinians living through sheer hell in Gaza desperately need this deal to be finalised.
As do those Israelis with family still held captive by Hamas.
A dual hell for both sides, separated by mere miles, and depending on a man who may have finally decided that the time for peace has come because it suits him.
A woman accused of stalking Madeleine McCann’s parents shouted: “Why are you doing this to me?” and was led away in tears by officers, during her trial.
Giving evidence against 24-year-old Julia Wandelt, Mrs McCann said her first contact with the Polish woman happened “about three years ago”.
Wandelt insisted that she was Madeleine, who went missing in Portugal in 2007, while stalking the missing girl’s parents by sending emails, calling them and turning up at their address, prosecutors allege.
Image: Wandelt claims to be missing Madeleine McCann (pictured)
Wandelt is accused of one count of stalking causing serious alarm and distress to Mrs McCann and Gerry McCann between June 2022 and February this year. She denies stalking.
She is on trial with 61-year-old Karen Spragg, from Cardiff, who is accused of the same offence and also denies the offence.
Speaking from behind a blue curtain screening her from the dock at Leicester Crown Court, Mrs McCann spoke about the defendants visiting her home address in Leicestershire on 7 December last year.
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Image: A court sketch of Karen Spragg (left) and Julia Wandelt (right), with Kate McCann sitting behind a blue curtain. Pic: PA
Mrs McCann told the court that Wandelt had been “pleading” with her, asking why she wouldn’t agree to do a DNA test.
Spragg, who accompanied Wandelt, was “slightly more aggressive”, asking her whether she didn’t want to find her daughter, Mrs McCann added.
“I told them to leave. I told them I was distressed,” she told the court.
Image: Karen Spragg arrives at Leicester Crown Court. Pic: PA
Asked how the incident had made her feel, Mrs McCann added: “I felt quite distressed to be honest. I think I had been on edge anyway because of the recent communications from her.”
After Mrs McCann had given her first round of evidence, Wandelt was led away from the dock after sobbing loudly and shouting: “Why are you doing this to me?”.
Mrs McCann told the jury that Wandelt had been “incessant” with her messages, which left her with a “little niggle” about doing a DNA test.
Image: Kate and Gerry McCann are pictured in 2012 with a missing poster depicting an age progression computer-generated image of Madeleine. Pic: AP
She said part of her brain was “saying ‘what if'” because of Wandelt’s frequent messages, but added: “Having seen a photo of her, she’s Polish … it doesn’t make sense.”
“I can’t say what Madeleine looks like now, but if I saw a photo of her, I would recognise her,” she said.
But she added that the “persistance” of Wandelt’s behaviour started to “get to” her, making her “almost [want] a DNA test to put it to bed”.
Asked about the impact on her between June 2022, when Wandelt first made contact, and February this year, when the 24-year-old was arrested, Mrs McCann said: “I feel like it has escalated, the level of stress and anxiety it’s caused me has increased over that time.”
She added that she has felt “more relaxed” since Wandelt’s arrest.
Gerry McCann told the court he answered the phone to Julia Wandelt on one of the many occasions that she tried to call Kate. He said he told Wandelt: “You’re not Madeleine.”
He said: “I made it very clear these were unwanted calls. To be honest, it was a bit of a blur.”