The Banking and Strategy Initiative

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Tag Archives: Wachovia

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

July 13, 2012

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

October 17, 2011 · 2 Comments

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

August 16, 2011

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

July 19, 2011

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

February 9, 2011 · 5 Comments

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