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Of Buffett and Soros: The magic of thinking big (April 2013)

Posted on May 6, 2013 by zyakaira

13F filings are here and one could easily be challenged to rite one’s investment ideas and/or the 13 F’s investment ideas into a cogent workhorse and like it or not 13F s a re a great motivator to keep undergraduates…

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Bank Results Season: Citi’s uphill battle for a 10% RoE

Posted on April 15, 2013 by zyakaira

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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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: Michael Corbat presents first results for ‘The new Citi’ (Q4 and Full Year 2012)

Posted on January 17, 2013 by zyakaira

The good new first, the bank expanded NIMs with global business and cost of funding managed well at 2.93% though its US mortgage footprint is not comparable with Wells Fargo. Provisions were almost a third of the amount at B…

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Bank Earnings Season : JP Morgan beats the housing blues ( Q4 and Full year 2012 )

Posted on January 16, 2013 by zyakaira

JP Morgan finally came to terms with the housing blues and its prime housing portfolio notwithstanding large robo signing indictments helped the bank post a firm Net income of $5.7 bln and against slower expectations lately of a $1.16 -$1.22…

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

Posted on January 7, 2013 by zyakaira

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

Posted on December 19, 2012 by zyakaira

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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A look at Goldman Sachs prospects after the ‘Partner bump up’ | Banking Insight

Posted on November 15, 2012 by zyakaira

Goldman Sachs continues to reduce ‘Compensation Costs’ before stress tests However even with just 32,500 staff at Goldman Sachs as of this fall(down 10% in less than a year), the firm has made 70 new partners, the low number breaking…

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