The Banking and Strategy Initiative

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Bank Earnings Season 3Q2016: Wells fargo , head hung in shame

The bank leads with reports of Executive settlements and changes in the senior management already splashed in headlines all week. It is otherwise stuck at $1 EPS and $22 Billion … Continue reading

October 14, 2016

Bank Earnings Season 3Q2016: Citi stuck at $1.24 per share earnings

That’s a pretty good number, given that the bank is still selling off pieces in Latin America and the North American mortgage business is slow. However, more after the JPM … Continue reading

October 14, 2016

Bank Earnings Season 3Q2016: JP Morgan breathes as Legal expenses done, Tier I Capital still 12%

While the final target of 12% RoE is still a distance to go, the Bank has recovered its EPS levels of $1.60 this quarter (1.58) Efficiency ratios are down at … Continue reading

October 14, 2016

2015 Bank Earnings Season: Goldman Sachs survives a $1.5 Bln cut in profit

  The year was obviously made stupendous by the firm’s sterling domination of the M&A advisory business worldwide. The firm entered as advisor for more than $1 Trillion of M&A.  Add … Continue reading

January 20, 2016

2015 Bank Earnings Season: Wells Fargo remains slow and steady like a donkey in the spring!

These numbers hardly ever change for Wells Fargo across quarters, across years and across crises. $21 Bln in revenues:2 1.6, instead of 21.8, $1 in EPS , $1.03 from $1,02 … Continue reading

January 15, 2016

2015 Bank Earnings Season: Citi takes its place among the deserving again!

Cit scored a big $1.06 per share in Q4 EPS without the legal baggage of last year and outscored Wells Fargo for starters returning to our choice pedestal as example … Continue reading

January 15, 2016

2015 Bank Earnings Season: JP Morgan comes out tops at $1.32 for Q4

Anything above $1.30 is creditable for the behemoth in a slow 4th quarter and the bank kept its promise though Citi is expected to slink to the bottom of the … Continue reading

January 14, 2016

Bank Earnings Season 3Q2015: Wells Fargo stays strong on Return on Assets

Earnings per share at Wells Fargo was $1.05 per share 2 cents higher than in the June quarter, buybacks reducing outstanding shares and Earnings and revenues stable at $5.8 billion and … Continue reading

October 14, 2015

BofA is not there yet!

BofA’s travails are continuing to keep it in everyone’s bad books after surfacing out of discounted book value price and reported a hefty 37 cents this morning, $17 billion in … Continue reading

October 14, 2015

Bank Earnings Season 3Q2015: JP Morgan’s hurrah! muted in after hours announcement

This quarter’ expectations from banks are supposedly in the nature of a subdued hum of “This too shall pass” from the buoyant fightback mid crisis all these years since the August … Continue reading

October 14, 2015

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