1 U.S. wealth management market position across client assets, deposits and loans, No. Nordea Bank Abp – Interim report (Q1 and Q3) CEO Frank Vang-Jensen comments on the results: “In the first quarter of 2020, we have witnessed the global outbreak of COVID-19, which is affecting all of us. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The Corporation evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Data is a real-time snapshot *Data is delayed at least 15 minutes. Most banks simply lack the data to make changes in credit risk allocations, but it goes without saying that a number of bank credits have slipped into “special mention” in the past two weeks. Quarterly Results. Financing markets are greatly constrained and banks and government-supported debt markets remain the sole remaining islands of liquidity. * While the full weight of the credit costs COVID19 crisis will not be reflected in Q1 earnings, there are a lot of marks to bond positions and credit portfolios that will take down marks. The Company's adoption of the new CECL accounting standard effective January 1, 2020 measures the allowance based on management's best estimate of lifetime expected credit losses inherent in the Company's lending activities. Bank of America Corporation and Subsidiaries, Net income applicable to common shareholders, Average common shares issued and outstanding, Average diluted common shares issued and outstanding, Return on average common shareholders' equity, Return on average tangible common shareholders' equity (1), Net charge-offs as a percentage of average loans and leases outstanding (2), Total nonperforming loans, leases and foreclosed properties (3), Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (2), Allowance for loan and lease losses as a percentage of total loans and leases outstanding (2). 2020. Investors have sold shares in anticipation that the industry will bear the brunt of loan defaults from retail customers to big corporate clients. Font Size. This substantial cash flow is now about to absorb the full weight of the COVID19 virus disruption. Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding. KPIs are presented in Balance Sheet, Liquidity and Capital Highlights and on the Segment pages for each segment. Yes, the numbers are large, but in our judgement, more than manageable by the US banking system. The pandemic caused sharp drops in profits at three of Bank of America's four main divisions. The obligations of the broker-dealers are not obligations of their bank affiliates (unless explicitly stated otherwise), and these bank affiliates are not responsible for securities sold, offered, or recommended by the broker-dealers. The foregoing also applies to other non-bank affiliates. Q1 2020 results 29 April 2020 Deutsche Bank Investor Relations COVID-19 impact on financials 11 CET1 ratio ~40bps Provision for credit losses ~€260m Level 3 assets €4bn Liquidity Reserves €17bn Q1 2020 COVID-19 impact — Changes in macroeconomic environment — Rating migration — Drawdowns on committed credit facilities — Modest actual impairments In terms of Q1 2020 earnings, here’s what we expect from the banks: * The good news is that actual credit losses in general are likely to rise modestly in Q1, but the big change is going to be delayed until June 2020. We’ll be taking a look at the top-10 US banks and the outlook for financials in our next credit report which will be available in The IRA online store Monday. Regulatory capital ratios at March 31, 2020 are preliminary. Equities net DVA gains (losses) were $26 million, $(5) million and $(11) million for the three months ended March 31, 2020, December 31, 2019 and March 31, 2019, respectively. 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