The Banking and Strategy Initiative

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Category Archives: US

Bank Results Season: Citi Doubles Profits to $13.9 Bln in 2013

From Mike Corbat’s self propelled operational restructuring of the business, Mike’s achievements include in his own words, 15% increase in Operational Income, core loans were up by 7%, $2.4 B … Continue reading

January 16, 2014

Bank Results Season: Wells Fargo trudges to a $84 Bln goalpost but with a ROTA of 1.5%

The Bank maintained its lead in Return on Assets with some deft Expense control apparently and is due to get into Executive webcasts for the Analysts in a half hour … Continue reading

January 14, 2014

Bank Results Season: JP Morgan adds $1.30 in 2013 Q4 and remains under $100 B

  It has been a landmark year for JP Morgan in that is has settled for more than $13.5 B with Department of Justice and Institutional investors like Blackrock and … Continue reading

January 14, 2014

It’s Monday Again!: Beam goes to Suntory, 2014 Housing Starts, European Banks and other worry lines for the Executive forehead as US Banks dig in..(The Week ahead: January 13-17, 2014, US Economy & Markets)

Retail Sales remain positive as snow trucks and card thieves take over? Neiman Marcus and three other retailers joined Target in reported thefts of Cardholder information. Target’s tally of 70 … Continue reading

January 13, 2014

It’s Monday Again! : 9 inches of Snow in Times Square, the Fed continues worrying about a Fat Balance sheet (The week ahead January 06 – 10, 2014, US Economy & Markets)

First things first, as expected the 9ers brushed aside Aaron Rodgers, Jim Harbaugh is still happy and the promised snow( we had it on the headlines last week) came and … Continue reading

January 6, 2014

It’s Monday Again: The snow, The sharing Economy and other cockamamie ideas that keep you indoors in College Bowl weeks? (The week ahead December 30, 2013 – Jan 03, 2014; US Economy & Markets)

The sharing Economy is a real buzzkill Frisco does not need in the middle of that discussion over Long Term unemployment, the artificial Employment additions (non additions of the soooo.. … Continue reading

December 30, 2013

It’s Monday Again!: A celebration weekend, Monday is slow off the pike? HBC:US, TWTR:US, GS:US, GM:US, F:US, NFL, (The Week ahead: Nov 04, 2013 – Nov 08, 2013, US Economy & Markets)

If you still have your Halloween costume on, or celebrating Deepavali in India you might be excused. In fact I almost did, but then I remembered that HSBC had reported … Continue reading

November 4, 2013

It’s Monday Again: Bank Earnings trough passed? Home recovery on the brink (The Week Ahead: October 28 – November 01, 2013 :: US Economy & Markets)

The Bank rally could have well and truly peaked but for the fact that European Banks are shrinking their credit assets at almost 10% for the last 4-5 quarters and … Continue reading

October 28, 2013

Resolution Weekend: JP Morgan gets to a $13 Bln end point with Eric Holder

More settlements are likely in California and the Sunday Morning’s figures include only civil resolution but atleast Eric Holder and his deputy Tony West managed to close out their front … Continue reading

October 20, 2013

Bank Results Season: BofA makes it 4/4 on below expectations

Of course, after Bank of America’s $2.5 Bln 20 cents a share run in the low mortgage quarter finds investors chary of the mortgage producers US Bank and Signature Bank … Continue reading

October 16, 2013