Bank Results Season: West Coast Economy snowed under/tanned brown by Wells Fargo mortgages
While one can’t say the leader JP Morgan has not tried, with $130 B in consumer loans including less than half a million new mortgages, the Wells Fargo-Wachovia combine, which … Continue reading
Bank Results Season: Wells Fargo raises the bar for Mortgage lenders
Though earnings came a cent below expectations and shares fell 5% in early trading after Citi beat estimates handsomely. Wells Fargo reported $4.06 bln in profits but less than $2 … Continue reading
Wells Fargo jumps a few capability bars with the Citadel Team | Advantage Dealbook
When Ken Griffin downed shutters last week, it was not clear to close watchers what would happen to the top ranked Investment Banking unit at Citadel as it evaluated its … Continue reading
Bank Results Season: That thing called a mortgage, it still exists
With mortgage demand all but dead, and incentives on Jumbo mortgages going away soon, this bank did well to get $64 bln more in mortgage originations still down 25% from … 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
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
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