Blog Archives

India Morning Report: A new bank, not Citi, 8 not 4 and numerous other slips to the mile..

Vikram Pandit’s new efforts in India with Kampani’s JM Financial may get JM a 10% bump in stock quotes but it is unlikely that his 50% buy of the subsidiary and 490 million warrants worth 3% of the listed company

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Posted in Financial Markets

The Sears bankruptcy saga front and center | Retail Lifestyle Insight

The continuing saga of bad investments at Sears and JC Penney now contrasts more starkly with winning battles of GAP (US:GPS) and Macy’s(US:M) among others even as Apple and Amazon continue climbing into new rarified air every week. While Amazon

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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: 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

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

Morgan Stanley’s first problem of plenty? | Banking Insight

Morgan Stanley’s first skirmish with Volcker’s rule is tying it up in knts as Fund managers of its Infrastructure Fund in the new series are even asking for MS to spin out the Infrastructure Funds so it can get more

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Posted in Amitonomics, Banking, 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

So, you won’t stop trading at Goldman Sachs! | Banking insight

Distressed debt trading and Fixed Income trading no longer engenders the respect it used to get on Wall Street as activist investors come out of the closet to take on the might of Goldman Sachs intelligence and analysis. Apparently all’s

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

Bank Results Season: Morgan Stanley in the fire (Q2 2012 Report)

Trading income is down 37% on year for Institutional Clients even as it maintains Q1 revenue watermarks more or less in both Institutional  Clients and Wealth Management but DVA claimed its toll on Q2 revenue as Q1 had reported $1.4B

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Posted in Amitonomics, Banking, US

Bank Results Season: The last positive Surprise is in (Bank of America reports Q2 2012)

It has been a week full of positive surprises so the shocker on the headline is just for reminding oneself that Morgan Stanley is the one candidate which makes you think of the word “Underperformance” esp this quarter when Trading

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Posted in Amitonomics, Banking, Retail Lifestyle, US