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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Blog Archives
Bank Results Season: HAMP and HARP missed at Wells Fargo earnings fest
Tagged with: Banking Services, Business, Financial Services, Foreclosure, Mortgage loan, United States, Wells, Wells Fargo
Posted in Financial Markets
Posted in Financial Markets
Bank Earnings Season: Bank of America tries to do the impossible with its Housing portfolio? (Q4 and Full Year 2012)
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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Tagged with: Bank of America, Bank of America Home Loans, cnbc, Fannie Mae, Financial Services, Mortgage loan, Net interest income, NII
Posted in Financial Markets
Posted in Financial Markets
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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Tagged with: Bank of America, Banking Services, Business, Financial Services, Investment Banks, JPMorgan Chase, Merrill Lynch, Wells Fargo
Posted in Amitonomics, Financial Markets, housing, Retail Lifestyle, US
Posted in Amitonomics, Financial Markets, housing, Retail Lifestyle, US
BofA operationalises closure of 380 branches, and reach 30000 Job Cuts by December | Banking Insight
The rush oto cut jobs at BofA despite protestations of hiring throughout 2011 apparently implies that the bank could concentrate on Retail Banking units or branches to cut costs across the megalith. After cutting 178 branches last year which we…
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Tagged with: Bank of America, Citigroup, Financial Services, Global, Goldman Sachs, JPMorgan Chase, Reuters, Wells Fargo
Posted in Amitonomics, Banking, US
Posted in Amitonomics, Banking, US
Bank Results Season: Goldman Sachs is the IN after all!
Investment Banking revenues rose sequentially to $1.2 Bln even as 98% of the Financial Advisory deals signed in the first half were in the smallest fee bracket and Debt underwriting surprisingly rose for Goldman Sachs globally by nearly 20% sequentially.…
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Tagged with: Basel III, Business, Dragon NaturallySpeaking, Financial Services, GoldmanSachs, Investment Banks, Lernout Hauspie, New York Times
Posted in Amitonomics, Banking, US
Posted in Amitonomics, Banking, US
Staying simple, being HSBC | Banking Insight
HSBC’s investor Day presentation is not out of tune with its marketing campaigns as its Yuan FX desk takes off in London in the Year of the Yuan Dragon. The online video campaigns are well worth a look see whenever…
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The Thursday Fed Update: That rate keeps trending down, Budget Surplus and a Dimon induced spiral – US Economy (Thursday EoD Review)
Someone must be happy we are paying only 3% interest on 30 Y US debt but it is all getting too close to call a bad year for 2013 or a year yonder. JP Morgan will survive its losses as its…
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Tagged with: April, Congressional Budget Office, Financial Services, Government budget deficit, J P Morgan, Jamie Dimon, JP Morgan, November, Treasury, United States, United States Department of the Treasury, United States public debt, US Treasury
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
JP Morgan surprise press conference to report new $2 bln losses | Banking Insight
The JP Morgan Treasury / Chief Investment Office is purportedly carrying losses of up to $4.5 bln and the same would be disclosed in a press conference in detail in a few minutes. The CIO’s Office carries Synthetic hedges betting…
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India FDI Report (2012)
India’a FDI process received a tremendous boost in March after $2 bln flows in January and February, itself a fair score were boosted to $8 bln for March even as international media slips into a morass using ignorance of India…
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Tagged with: Asia, FDI, Financial Services, HSBC, India, March, Retail
Posted in Amitonomics, Banking, Global, India, Retail Lifestyle
Posted in Amitonomics, Banking, Global, India, Retail Lifestyle
Bank Results Season: Taking a look at trading rebound vs commercial banking growth (HSBC Q1 2012)
HSBC’s Net Operating income was up to $18.8 bln before DVA from $17.6 bln last year before DVA spreads squeezed topline. Meanwhile run off portfolo efficiencies in North America down to 3.4% on Cards and 7.1% on non revolving credit…
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Tagged with: Bank, Business, china, Earnings before interest and taxes, Financial Services, Hongkong, HSBC, Stuart Gulliver
Posted in Banking, Emerging Markets, Global
Posted in Banking, Emerging Markets, Global
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