The Banking and Strategy Initiative

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Tag Archives: Fixed Income

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: 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

It’s Monday Again: US Equities continue the celebration from Friday ( The Week Ahead: 11 Nov, 2013 – 15 Nov, 2013, US Economy & MArkets ) SBUX:US JPM:US BAC:US

in After a great show of fireworks on Friday, US markets continued unfazed on Monday, which we used to grb more shuteye despite parading our report carrying Monday in the … Continue reading

November 12, 2013

Ben Bernanke Speaks: US and UK join hands to go down the unlimited QE lane

Making news this Wednesday as the FOMC meeting gets over is the continuing of the Federal Reserve along new NGDP targets or in this particular US cae an unemployment target … Continue reading

December 12, 2012

US Morning Report: Global futures down again, June data not the cheer

Markets will open weak and courtesy financials may start back on an even keel in the afternoon unless there is additional bad news in the markets then. Expected, no hope … Continue reading

June 25, 2012

Bank Results Season: Citi proves its worth to itself (Q1 2012)

Citigroup results of Jan to March 2012 relied on reduced Citi Holdings assets of $134 bln in the run off portfolio and the $4.74 bln revenues n Fixed Income about … Continue reading

April 17, 2012

Volcker, Job Cuts and Trading risk on

With a new cycle for profitable trades, the depleted staff at investment banks may still be able to generate the revenues it has missed int he first 3 quarters though … Continue reading

October 11, 2011

Bank Results Season: Blackrock stay on with $3.66 tln AUM

Blackrock also reported yesterday but we could not find time to schedule for the press conference tonight. It maintained EPS over Q1 at $3 per share  ( $3.21 DEPS)It completed … Continue reading

July 20, 2011 · 1 Comment

Bank results season: A 53% drop in Fixed Income revenue a 33% drop in Profits for Goldman Sachs

The street comes close to celebrating BofA beating expectations with the hefty $9bln loss sounded less than a $1 for all its sins and signaling a turning point for all … Continue reading

July 19, 2011

Making Banks rethink salaries | Advantage Change

It is no secret that the British are in favor of a lot of job losses in the banking sector. Lloyds plan to lose 15K jobs came as no surprise. … Continue reading

July 4, 2011 · 2 Comments