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

Posted on April 17, 2013 by zyakaira

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

Posted on April 12, 2013 by zyakaira

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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Bank Results Season: J P Morgan on way to becoming leader in Mortgages to renew Universal Banking (Q1 2013)

Posted on April 12, 2013 by zyakaira

Even as JP Morgan results beat expectations handsomely to come very near our $1.62 per share mark with $6.5 Bln in profits for the first quarter’s $25B+ raising hopes of a $100 Bln in revenues after a good 2 years,…

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Bank Earnings Season: Bank of America tries to do the impossible with its Housing portfolio? (Q4 and Full Year 2012)

Posted on January 17, 2013 by zyakaira

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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BofA gives up more to struggling Fannie Mae | Bank Earnings Season

Posted on January 8, 2013 by zyakaira

in a second settlement that will hurt BofA immediately in the fourth quarter the bank agreed to pay Fannie mae nearly $7 bln for some 32000 mortgages faultily sold to the Government backstop (from Countrywide) for the outstanding principal of…

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Chastised Europeans fight with their back to the wall, JP Morgan pays for BS | Banking insight

Posted on November 17, 2012 by zyakaira

How Europe has been cut out of Global Financial Systems? When the crisis devolved on global citizens in 2008, none were more circumspect than banks about coming litigation though most of the big Wall Street and US banks were more…

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Your guide to basic QE3 .. thought it might take more time | Banking Insight

Posted on September 17, 2012 by zyakaira

So you think QE3 launched on Friday Of course banks enjoyed the spree on Friday and as mentioned earlier, US markets have moved to 5% of their 1565 top on the S&P 500 (Network quote) but the $40B in bond…

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Posted in Amitonomics, Banking, Retail Lifestyle, US

The Thursday Fed Update: Another MaidenLane sale, another week, Bank Credit weak in June

Posted on July 19, 2012 by zyakaira

The Reserve Bank Credit remains anemic in growth at $8.6B while total assets fell by $10.5 B even as The Fed added $8-9B more in MBS purchases as the Maiden Lane III securities the Fed is holding were auctioned off…

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Posted in Amitonomics, Banking, Financial Markets, US

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

Posted on July 18, 2012 by zyakaira

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