Bank Results Season: Goldman Sachs earnings jumps to $1.51 B, a RoE jump of 60%
The firm reported a revenue of $8.35B and earnings jump of 60% sequentially to $2.85 per share (diluted) from just $1.78 per share in the June quarter. Earnings estimates for … Continue reading
Practising less deferred compensation and paying only for performance at Goldman Sachs | Bank Insight
Though cutting 2400 jobs and cutting base pay allowed Goldman Sachs to keep compensation at 42% in a year of falling revenues, Lloyd Blankfein as CEO was paid lesser than … Continue reading
Advantage Dealbook: Cash is your friend
Deals in Q2 maintained a constant premium of 6.1 times EBITDA (Enterprise Value ) according to the score cards variously being analysed since mid June. What most have not printed … Continue reading
Bank Results season: Bank of America tries to regain lost glory
“Repair and Rebuilding” spilled over into Q1 as Profits fell 33% to $2.05 billion even as Provisions fell 60% from $9.8 billion. To add insult to injury the bank has … Continue reading
Moving Target: Wells Fargo CFO Howard Atkins leaves
During the Bank results season last month the $20 bln revenues of Wells Fargo, much as they were evenly split between Net interest Income of $10 bln from commercial banking … Continue reading
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