Blog Archives

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

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

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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Posted in Financial Markets

Bank confirms higher liquidity and payout ahead of stress tests | Banking Insight

Both Meredith and Dick Bove released reports for record 2013 Bank stock performance based on identical expectations of a bigger and better payout from Bank of America , Meredith mentioning a figure of upto 8 times its current capped dividend

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Posted in Financial Markets

Citi Comebacks: The Global citizen tries the Mike O’Neill way

For a man who has done it before, it was easy for Mike O Neil to get down to real surgery at Citi with strategist and CEO MikeCorbat getting into the groove with asset sales after the mandatory pass for

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Posted in Financial Markets

Bank Results Season: Citi finally Stripped of Dignity, cries for shame

Vikram Pandit’s Citi turned out to be a bad dream for everyone despite the early lead throughout the crisis and an early and clean attrition of its own bad debt . th elatest quarter strips its EPS of $1.06 or

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Posted in Amitonomics, Banking, Financial Markets, US

Citi gets rid of Morgan Stanley Smith Barney baggage – Deal Insight / Banking Insight

The bank which is apparently acting on a quick menu to get rid of Capital loading it can work without has already seen a lot of brokerage losses after it took over a majority stake in Salomon Smith Barney back

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Posted in Amitonomics, Banking, US

Bank Results Season: The Citi never burns out of profit (Citigroup reports Q2 2012)

Citi upgrades to B3T1C of 7.9% The latest acronym in town avoids the mouthful Basel III Tier I Capital requirement that has unleashed an unending wave of deleveraging in Europe but seems to have carried along global and US only

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Posted in Amitonomics, Bailout Nation, Banking, US

Bank Results Season: The return of Goldman Sachs (Q1 2012)

Compensation battles at Chase that compare unfavorably for retail banking employees as Dimon gets paid 67 times the average bank pay or Lloyd Blankfein’s own titular troubles with non profits and activist investors seem destined to take a back seat

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

Bank Results Season Preview Q1 2012: Commercial / Industrial credit up but consumer credit a lost cause

The latest Fed H.8 reports continues to udnerscore a losing proposition for Consumer credit as the 5% rise in bank credit reported for Feb 2012 on year is mostly increase in holding of Treasury and agency Securities up 17% with

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Posted in Amitonomics, Banking, US