Bank Results Season: Wells Fargo does match JP Morgan in Earnings of $5.6 Bln (Q3 2013)
Of course, JP Morgan booked $9 Bln in expenses to settlements that eroded the profit banks for the September quarter, Wells Fargo saved up its improving credentials in profit making … Continue reading
The Mid-Week Trading Update: Five days falling, S&P survives the 1700 mark , Banks survive Stress Tests ($GS $JPM $JCP $TWO $FNM)
Jobless claims have indeed been carrying the torch in all QE Taper affected weeks since the home sales growth of 12% on year was deemed unworthy by the market and … Continue reading
Bank Results Season: HAMP and HARP missed at Wells Fargo earnings fest
For the mortgage leader in Continental USA, the closing out of all foreclosure refinancing deals is the primary concern alongwith lower NIMs even as current market allowed it to take … Continue reading
Bank Earnings Season: Bank of America tries to do the impossible with its Housing portfolio? (Q4 and Full Year 2012)
Though the bank managed the hit from settlements well enough and the expected decine in charge offs together with ready provisioning enabled the bank to avoid losses on the last … Continue reading
Bank Results Season: Bank of America ties up for another nought (EPS =NULL, “0.00”, ‘Zukk’)
BofA printed another scratchy topline down to the wire repeating Q2 2010 all over again when Non Interest expenses of $17.5 B and a Tax expense of $1B almost completely … Continue reading
BofA operationalises closure of 380 branches, and reach 30000 Job Cuts by December | Banking Insight
The rush oto cut jobs at BofA despite protestations of hiring throughout 2011 apparently implies that the bank could concentrate on Retail Banking units or branches to cut costs across … Continue reading
Bank Results Season: Goldman Sachs is the IN after all!
Investment Banking revenues rose sequentially to $1.2 Bln even as 98% of the Financial Advisory deals signed in the first half were in the smallest fee bracket and Debt underwriting … Continue reading
Staying simple, being HSBC | Banking Insight
HSBC’s investor Day presentation is not out of tune with its marketing campaigns as its Yuan FX desk takes off in London in the Year of the Yuan Dragon. The … Continue reading
The Thursday Fed Update: That rate keeps trending down, Budget Surplus and a Dimon induced spiral – US Economy (Thursday EoD Review)
Someone must be happy we are paying only 3% interest on 30 Y US debt but it is all getting too close to call a bad year for 2013 or a … Continue reading
JP Morgan surprise press conference to report new $2 bln losses | Banking Insight
The JP Morgan Treasury / Chief Investment Office is purportedly carrying losses of up to $4.5 bln and the same would be disclosed in a press conference in detail in … Continue reading
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