Blog Archives

India Morning Report: Why some rating agencies get ‘brand mileage’ from obscure imperfections and markets rest..

Let’s face it. Any null hypothesis you can think of about the market’s strength or in S&P’s case (as rating agency) and that of even a few (investors)who believe in India’s fundamental turnaround from here (6130) to be of limited

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Posted in Financial Markets

India Morning Report: markets tinker with 6000, shorts fail again

Shardul kulkarni, despite his hanging on to the short trade on the indices since 5800 for the 5600 mark or thereabouts is a pretty chastised man as he leads the discussions of the index topping off at any time and

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Posted in Financial Markets

US Economy:(April 2013 Jobs report) Productivity increases to carry GDP recovery?

Though deeper data slices have yet not been attended to at known blogs( the best yet at calculatedriskblog.com), tonight’s Jobs report was more than an optimistic prediction of continuing recovery int erms of the 165k jobs added. Figures for women

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Posted in Financial Markets

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

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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Posted in Financial Markets

Bank Results Season: Q1 2013: The trader Goldman Sachs turns in another undisputed leadership in investment banking

With leadership in completed M&A esp in fee rich United States, Goldman Sachs powered ahead to a $1.57bln revenue in Investment Banking Fee Advisory income esp as it also capitalised on the bullishness in debt markets to get bragging rights

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Posted in Financial Markets

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

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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Posted in Financial Markets

Bank Results Season: HAMP and HARP missed at Wells Fargo earnings fest

For the mortgage leader in Continental USA, the closing out of all foreclosure refinancing deals is the primary concern alongwith lower NIMs even as current market allowed it to take PAT up by 22% maintaining Q4 EPS at $0.92 cents

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Posted in Financial Markets

Bank Results Season: Morgan Stanley bidding adieu to Investment Banking with a loss of $0.55 per share?

Unfortunately we will bid adieu (only to Morgan Stanley) here at advantages.us as of Q3 2012. A little unfortunate also because right now we do not really have a list of reasons why we would not like to follow thenm

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Posted in Amitonomics, Banking, US

Bank Results Season: Bank of America ties up for another nought (EPS =NULL, “0.00″, ‘Zukk’)

BofA printed another scratchy topline down to the wire repeating Q2 2010 all over again when Non Interest expenses of $17.5 B and a Tax expense of $1B almost completely covered its Topline of $20.6 B after a small $1.8

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Posted in Amitonomics, Financial Markets, housing, Retail Lifestyle, US

Bank Results Season: Goldman Sachs earnings jumps to $1.51 B, a RoE jump of 60%

The firm reported a revenue of $8.35B and earnings jump of 60% sequentially to $2.85 per share (diluted) from just $1.78 per share in the June quarter. Earnings estimates for the firm had been billed at below $2 per share

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Posted in Amitonomics, Banking, Private Equity, Retail Lifestyle, US