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IT’S MONDAY: The Fed purchase program is quite a workout for the Market

Posted on May 20, 2013 by zyakaira — No Comments ↓

Fisher seems to have kicked things off immediately with his comments positing that slowing down the $85B monthly bond purchase program could do US some good, Then Chicago Fed reported an ever worsening Midwest CFNAIdata for the month of April…

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Of Buffett and Soros: The magic of thinking big (April 2013)

Posted on May 6, 2013 by zyakaira

13F filings are here and one could easily be challenged to rite one’s investment ideas and/or the 13 F’s investment ideas into a cogent workhorse and like it or not 13F s a re a great motivator to keep undergraduates…

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Bank Results Season: BofA turns in an all round excellence score

Posted on April 17, 2013 by zyakaira

Net profits of $2.6 B on just $1.7 B in Loan losses before taxes led the most heavily capitalised bank in the orld to further improve its net Basel 3 Tier I Common ration to 9.42%. Basel 3 weighted assets…

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Bank Results Season: Citi’s uphill battle for a 10% RoE

Posted on April 15, 2013 by zyakaira

Q1 earnings set the ball rolling for the Global Bank’s reestablishment strategy under the new CEO, with $4 Bln in Net profits excluding DVA on $20.8 Bln in revenues. The Bank’s $3.8 Bln net profits add to the $6 Bln…

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Bank Results Season: J P Morgan on way to becoming leader in Mortgages to renew Universal Banking (Q1 2013)

Posted on April 12, 2013 by zyakaira

Even as JP Morgan results beat expectations handsomely to come very near our $1.62 per share mark with $6.5 Bln in profits for the first quarter’s $25B+ raising hopes of a $100 Bln in revenues after a good 2 years,…

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Goldman Sachs and JP Morgan get the pay out approved for 2013| Bank insight

Posted on March 15, 2013 by zyakaira

Michael Corbat’s Citi did better than the Wall Street Titans for a change as it managed to get its payouts approved in the 2013 edition of the Fed Stress Tests while JP Morgan’s $1.5 B per quarter buyback program was…

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Bank Earnings Season: Bank of America tries to do the impossible with its Housing portfolio? (Q4 and Full Year 2012)

Posted on January 17, 2013 by zyakaira

Though the bank managed the hit from settlements well enough and the expected decine in charge offs together with ready provisioning enabled the bank to avoid losses on the last big writedown quarters, BofA still seems to be alking the…

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BofA gives up more to struggling Fannie Mae | Bank Earnings Season

Posted on January 8, 2013 by zyakaira

in a second settlement that will hurt BofA immediately in the fourth quarter the bank agreed to pay Fannie mae nearly $7 bln for some 32000 mortgages faultily sold to the Government backstop (from Countrywide) for the outstanding principal of…

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$10B Foreclosure settlement for BofA, JP Morgan and Citi | Bank Earnings Season

Posted on January 7, 2013 by zyakaira

A new $10 B settlement by 14 banks to define and ordain penalties for foreclosure mispractices and abuses has been reached over the weekend bolstering markets rejoicing the newly made revenue arrangements to avoid the fiscal cliff. The Banks including…

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