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Bank Results Season: Deutsche Bank cycles thru non descript quarter (Q1 2013)

Posted on April 30, 2013 by zyakaira

Revenues in both Corporate Banking & Securities and Personal/Private Banking trended down lazily for the bank at 4% and 1% respectively while the bank was busy repairing its assets for the coming Basel 3 deluge bringing the value of optimization…

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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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Liborgate to claim Bob Diamond? | Banking insight

Posted on January 24, 2013 by zyakaira

FT reports (subscription: story link) that the ex CEO of the Bank, Bob Diamond and the current Investment Banking Head Rich Ricci are among those who have been indicted in various forms by the Bank in its statements to the…

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Bank Earnings Season: Michael Corbat presents first results for ‘The new Citi’ (Q4 and Full Year 2012)

Posted on January 17, 2013 by zyakaira

The good new first, the bank expanded NIMs with global business and cost of funding managed well at 2.93% though its US mortgage footprint is not comparable with Wells Fargo. Provisions were almost a third of the amount at B…

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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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A whiff of profits far away? | Banking Insight

Posted on December 17, 2012 by zyakaira

 Liquidity regulation already hurts Lobbying over the new Liquidity rules got hard as the banks enter an Observation period prior to counting of the LCR as standard for compliance. According to the FT report catching us up on it, that…

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A look at Goldman Sachs prospects after the ‘Partner bump up’ | Banking Insight

Posted on November 15, 2012 by zyakaira

Goldman Sachs continues to reduce ‘Compensation Costs’ before stress tests However even with just 32,500 staff at Goldman Sachs as of this fall(down 10% in less than a year), the firm has made 70 new partners, the low number breaking…

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Bank Results Season: JP Morgan strives for a $100 B 2012 after CIO position ‘annulled’

Posted on October 12, 2012 by zyakaira

Big banks are going to reporting 37% higher business from Mortgages this quarter sequentially and that includes J P Morgan as a proud #2 in the business, behind Wells Fargo. The Earnings season is off with a great report as…

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Posted in Amitonomics, Banking, Financial Markets, US