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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Blog Archives
Bank Results Season: BofA turns in an all round excellence score
Tagged with: Bank of America, Basel III, Business, Comerica, Credit card, HDFC Bank, ICICI Bank, India, Investment Banks, Loan, Merrill Lynch, Mortgage loan, UBS, YES Bank
Posted in Financial Markets
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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Tagged with: Book Value, Business, Citi, Equities, Goldman Sachs, Investment Banks, Private Equity, United States
Posted in Financial Markets
Posted in Financial Markets
Bank Earnings Season: Goldman Sachs thumps in the majority opinion (Q4 and Full Year 2012)
Greg Smith’s ex employer offices in London got off to a wrong start trying to finagle tax-free bonuses and have since abandoned the plan leaving the HR team to explain the relative standing of both stances ( to delay the…
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Tagged with: Earnings per share, FICC, Goldman Sachs, Investment Banks, Lloyd Blankfein, London, Meredith Whitney, Net interest income, Wall Street
Posted in Financial Markets
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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Tagged with: Bank of America, Citi, Citigroup, credit suisse, HSBC, India, Investment Banks, Pandit
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
Bank Results Season: JP Morgan strives for a $100 B 2012 after CIO position ‘annulled’
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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Tagged with: Asia, Bank, Commercial bank, Investment Banks, JPMorgan Chase, London, Net income, Wells Fargo
Posted in Amitonomics, Banking, Financial Markets, US
Posted in Amitonomics, Banking, Financial Markets, 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
Bank Results Season: West Coast Economy snowed under/tanned brown by Wells Fargo mortgages
While one can’t say the leader JP Morgan has not tried, with $130 B in consumer loans including less than half a million new mortgages, the Wells Fargo-Wachovia combine, which still thinks expenses from its merger with Wachovia on the…
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Tagged with: Bank, Investment Banks, J P Morgan, John Stumpf, Mortgage loan, United States, Wachovia, Wells Fargo
Posted in Amitonomics, Banking, Retail Lifestyle, US
Posted in Amitonomics, Banking, Retail Lifestyle, US
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