The Banking and Strategy Initiative

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Tag Archives: BAC

Bank Results Season: GS falls behind in relevance with $34 Bln and Profits of $ 8 Bln in 2013

Earnings have actually improved to $15.46 for the year but that means the quarterly average EPS is still under $ 4. The firm however took a 31% share of its … Continue reading

January 16, 2014

Bank Results Season: Bank of America with more provisions for 2011 | Insider Insight

The bank has published results with new reserves of $15.6 bln on representation and warranties, $6.3 bln in litigation and another $7.3 bln in Legacy Assets servicing bringing Net Revenues … Continue reading

January 19, 2012 · 1 Comment

Bank Results season: BofA manages a $28 bln topline without mortgage business (Q3 2011 $0.56 EPS $13 TBVPS)

America’s heritage bank opened earnings day with a large $28.7 bln topline, that includes among others, $3.6 bln from its sale of 5% of CCB, a trading DVA adjustment ( … Continue reading

October 18, 2011 · 5 Comments

Moynihan to do more in the final act..

Bank of America continues making news for all the wrong reasons, epitomising¬†a banking sector that put away tough calls for the entire 3 years that it had to get out … Continue reading

September 9, 2011

Temasek exits China's banking sector | Advantage zyaada

In an apparent bid to reduce its excessive exposure to Financial institutions, Temasek committed early trades worth $3.6 bln in Hongkong to exit $2.4 bln worth of its stake in … Continue reading

July 6, 2011 · 2 Comments

Bank Results Season: (Bank of America) A grinch got the banks this season

December 2010 results pouring in have been harrowing to say the least. Bank of America has started its results day with news of a loss. Excluding $2bn impairment charges, the … Continue reading

January 21, 2011 · 1 Comment

This one snuck in the back door | Financial regulation

zyakaira notes: Two points to note, which would even be clear to regulators and the big banks from here..Dodd’s bill cannot handle derivatives, SAC leader Blanche Lincoln is getting ready … Continue reading

April 22, 2010 · 1 Comment

Bank results week: The undisputed Heavyweight Champion of the World

Goldman Sachs has done it again. Like its counterparts in Boxing from Muhammed Ali to Mike Tyson, it has outperformed everything and every competitor from banking to asset management on … Continue reading

April 20, 2010 · 1 Comment

Bank results week: Bring on the War Paint!

Well, Vikram Pandit’s Citi is finally in business. When they finished 2009, Cit had put almost $900 billion in assets ‘to be disposed’ in Citi Holdings of which only $550 … Continue reading

April 20, 2010 · 1 Comment

Bank Results 2010: BofA off the block

BofA took off in income and profits after repaying TARP cash (TAGP if you will) in the 4th Quarter, studying JPMorgan’s Balance Sheet to report and almost identical $3.2 billion … Continue reading

April 16, 2010 · 1 Comment