In my August article , I justified the purchase of Lennar (NYSE: LEN ) shares primarily because of its serious underestimation. I emphasized that the worst times are over, that monetary policy easing will alsoHi there! I’m Narek, and I’ve been in the investment world for over six years. I started out as an equity analyst at European banks, digging into reports and learning how to spot value in the markets. I’ve worked across sectors — from telecom to industry — and found that behind every financial statemen ...

In my August article , I justified the purchase of Lennar (NYSE: LEN ) shares primarily because of its serious underestimation. I emphasized that the worst times are over, that monetary policy easing will alsoHi there! I’m Narek, and I’ve been in the investment world for over six years. I started out as an equity analyst at European banks, digging into reports and learning how to spot value in the markets. I’ve worked across sectors — from telecom to industry — and found that behind every financial statemen ...

Chinese sovereign bonds are luring buyers as speculation grows that the nation’s central bank will ease monetary policy before the end of the year to support the economy in the face of trade risks https://t.co/0vFcOnyy4K ...

Bank Statement, DSCR, LOS, CE, Compliance Tools; Conference Chatter About Credit and Agency News “Why did the Dalai Lama go to Las Vegas? Because he loves Tibet.” Here at the “MBA Annual,” the puns may not be flying, but there is news bouncing off the walls, some of it learned just by chatting in the hallways. (And there is plenty of time spent walking through the convention center… I need a Segway!) The Mortgage Bankers Association (MBA) announced that total single-family mortgage origination volume is ex ...

Industry Overview - Silver has experienced a significant upward trend, reaching an all-time high of $49.57 per ounce on October 8, 2025, with a notable increase of $3.32, or 7.2%, from $46.07 on September 28 [2] - The surge in silver prices is attributed to macroeconomic uncertainty, rising inflation concerns, and expectations of easing monetary policy from the Federal Reserve [1][9] Demand and Supply Dynamics - Industrial demand for silver, particularly in clean energy, solar panels, electronics, and electric vehicle manufacturing, has provided a robust boost to prices due to silver's superior conductivity and reflectivity [3] - Physical supplies of silver remain tight in major trading hubs, with increased deliveries to U.S. COMEX warehouses indicating sustained investor appetite [3][11] Company Performance - Compania de Minas Buenaventura S.A.A. (BVN) is expected to see a 4.4% earnings growth rate, with a 16.1% improvement in consensus estimates over the past 60 days [6] - Coeur Mining, Inc. (CDE) has a projected earnings growth rate of 361.1%, with a 6.4% increase in consensus estimates [7] - Fresnillo plc (FNLPF) is anticipated to achieve a 352.8% earnings growth rate, with a 13.2% rise in consensus estimates [8] Market Sentiment - The dual role of silver as both a precious and industrial metal has allowed it to outperform gold, benefiting from both safe-haven flows and global manufacturing trends related to the green transition [4] - Despite potential risks such as short-term corrections and liquidity swings, silver has established itself as a standout commodity on Wall Street this year [5][11]

💥BREAKING:FOMC MINUTES: MOST FED OFFICIALS WANT TO EASE POLICY IN 2025!THIS IS BULLISH. https://t.co/6bnN9DGEQL ...

Summary of FOMC September Meeting Minutes Industry Overview - The document pertains to the Federal Open Market Committee (FOMC) and its discussions regarding monetary policy in the United States. Key Points and Arguments 1. **Monetary Policy Easing** - Most FOMC participants indicated that further easing of monetary policy would likely be appropriate for the remainder of the year [2][1]. - Some participants suggested that the current easy financial conditions warranted a cautious approach to future policy changes [2][1]. - While almost all supported a 25 basis point cut in September, a few advocated for maintaining the federal funds rate unchanged, and one participant preferred a 50 basis point cut [2][1]. 2. **Labor Market Indicators** - Participants noted that various labor market indicators, including the unemployment rate and job openings, did not show a sharp deterioration [3][1]. - However, some data suggested that labor market conditions had been softening longer than previously reported, increasing downside risks to employment [3][1]. - Specific groups, such as Black and young workers, showed more sensitivity to cyclical changes, indicating heightened risks [3][1]. 3. **Inflation Outlook** - A majority of participants viewed risks to inflation as skewed to the upside, influenced by recent inflation data moving further from the 2% target [4][1]. - Concerns included the impact of tariffs on inflation and the potential for more persistent inflation [4][1]. - Some participants noted that strong productivity growth could exert downward pressure on inflation [7][1]. 4. **Economic Growth and Unemployment Forecast** - The Fed staff revised its forecast for real GDP growth upward for 2025 to 2028, citing stronger consumer spending and capital expenditure data [8][1]. - The unemployment rate forecast was slightly lowered, but an increase above the natural rate of unemployment was still expected before a decline later in the projection period [8][1]. - Risks to inflation were seen as skewed to the upside, while risks to employment were viewed as skewed to the downside [8][1]. 5. **Monitoring Money Market Conditions** - A few participants emphasized the importance of closely monitoring money market conditions and evaluating reserve levels as the Fed's balance sheet runoff continued [9][1]. - The deputy manager of the System Open Market Account projected reserves to be around $2.8 trillion by the end of the first quarter of the following year, aligning with estimates of an ample reserve level around $2.7 trillion [9][1]. Additional Important Content - The document includes contact information for various analysts at Goldman Sachs, indicating the report's origin and the analysts' roles [4][1]. - It emphasizes that the report should be considered as one factor in investment decisions and includes disclaimers regarding the accuracy and completeness of the information provided [21][1]. - The report also outlines regulatory disclosures and compliance information relevant to the research conducted by Goldman Sachs [12][1][19][1].

ERIC TRUMP SAYS Q4 WILL BE UNBELIEVABLE WITH MONETARY POLICY EASING.THIS IS HUGE! https://t.co/H3NJC3FizF ...

Core Insights - The financial performance of Citigroup, Inc. and Wells Fargo & Company is significantly influenced by the Federal Reserve's interest rate changes, with both banks presenting unique investment opportunities [1][3] - A detailed analysis of the operational strategies and financial metrics of both banks is essential to determine which stock may offer greater upside potential as the Fed shifts towards monetary easing [2] Interest Rate Impact - The Federal Reserve initiated an easing cycle by cutting interest rates by 25 basis points to a range of 4.00-4.25%, marking the end of a nine-month pause, with expectations of two additional rate cuts by the end of 2025 due to a softening labor market [3] - Lower interest rates are expected to support net interest income (NII) growth, a crucial earnings driver for both banks, despite potential compression of yields on loans and securities [4] Financial Performance - Citigroup's NII increased by 8% year-over-year in the first half of the year, while Wells Fargo's NII declined nearly 4% year-over-year [5] - For 2025, Wells Fargo anticipates NII to align with the $47.7 billion reported in 2024, whereas Citigroup's NII (excluding Markets) is projected to rise by 4% year-over-year [5][10] Strategic Approaches - Citigroup is focusing on streamlined operations and restructuring its international business, including exiting consumer banking in 14 markets, which is expected to free up capital for investments in wealth management and investment banking [6][7] - Wells Fargo is prioritizing risk management and compliance improvements, with significant progress noted under CEO Charlie Scharf, and aims to grow its market share in both consumer and commercial lending [8][9] Expense Management - Citigroup is undergoing a comprehensive transformation to reduce expenses, with expectations for 2025 and 2026 expenses to be lower than the $53.9 billion reported in 2024 [12] - Wells Fargo is balancing cost management with investments in its branch network and digital tools, projecting non-interest expenses to be $54.2 billion in 2025, a decrease from $54.6 billion in 2024 [13] Stock Performance and Valuation - Over the past year, Citigroup's stock has surged by 65.1%, while Wells Fargo's shares have gained 50.9%, both outperforming the industry average of 49.9% [14] - Citigroup's trailing P/E ratio is 11.2X, compared to Wells Fargo's 13X, indicating that both stocks are trading at a discount relative to the industry average of 15.1X, with Citigroup being the cheaper option [16] Dividend Yields - Both banks offer dividends, with Wells Fargo's yield at 2.14% and Citigroup's at 2.35%, giving Citigroup a slight advantage in this area [20] Earnings Estimates - The Zacks Consensus Estimate for Citigroup's 2025 sales and EPS indicates year-over-year increases of 4.6% and 27.3%, respectively, with upward revisions noted for EPS estimates [23] - For Wells Fargo, the 2025 sales and EPS estimates imply year-over-year growth of 1.4% and 12.5%, respectively, also with upward revisions [26] Investment Outlook - Citigroup appears to offer stronger upside potential due to its streamlined operations and focus on high-growth areas, suggesting faster earnings growth compared to Wells Fargo [29]

Core Insights - Sales of new U.S. single-family homes increased significantly in August, rising 20.5% to a seasonally adjusted annualized rate of 800,000 units, indicating strong demand despite potential economic headwinds [1][2] - The decline in mortgage rates, with the 30-year mortgage dropping to an 11-month low of 6.26%, has contributed to this surge in new home sales [3] - However, the labor market is showing signs of weakness, with nonfarm payroll gains averaging only 29,000 jobs per month over the last three months, which could limit the sustainability of this sales growth [4] New Home Sales - New home sales accounted for approximately 14% of total U.S. home sales and experienced a year-over-year increase of 15.4% in August [2] - The previous month's sales pace was revised upward from 652,000 to 664,000 units, reflecting a stronger market than initially reported [1] Mortgage Rates - The Federal Reserve's recent decision to cut the benchmark overnight interest rate by 25 basis points to a target range of 4.00%-4.25% is expected to support further declines in mortgage rates [3] - The mortgage rate has decreased from around 7.04% in mid-January to 6.26% in August, indicating a favorable borrowing environment for homebuyers [3] Labor Market Conditions - The labor market has softened, with a significant drop in job creation compared to the previous year, averaging only 29,000 jobs per month versus 82,000 in the same period last year [4]