The Banking and Strategy Initiative

Chillin' out till it needs to be funded

Bank Results Season: Can the Citi break your heart?

Quotes by Citi:

Even as the banks merge in to the Pike without nearly any gas left, both JP Morgan and BofA did pretty well in fee based lines, growing them to nearly 50% of revenues/profits to account for a “better days ahead” prognosis and hunger for growth without the benefits of reducing loan losses from 5% to 3% or thereabouts. Citi on the other hand is rumored to be  – well –  pretty coy in the investment banking department and trading results also are likely to have suffered no end. Check our commentary at http://bit.ly/banks11-1 thru results season

However citi’s International business is likely to continue strong, not just Latam but also Asia where it continues to develop a good batting average

Here’s hoping..and keep watching this space.

One comment on “Bank Results Season: Can the Citi break your heart?

  1. Pingback: Bank Results season: The First Half results tick by this week | The Banking and Strategy Initiative

Comments are closed.

Archives

%d bloggers like this: