Category: Banking Stocks
The analysis published under this category are as follows.
Friday, December 14, 2012
Look at Your Bank Fees to Know How the Big Banks Are Upto / Companies / Banking Stocks
By: InvestmentContrarian
George Leong writes: The major bank stocks are all near their respective 52-week highs and an upside break appears to be in the works, as the banking industry continues to assume less risky businesses while shoring up their balance sheets.
Wednesday, November 07, 2012
The Real Crooks Are The Ones Who Perpetrated This Scam Not Bank Shareholders / Companies / Banking Stocks
By: Money_Morning
Martin Hutchinson writes:
Haters of the big banks cheered when Federal prosecutors decided to sue Bank of America (NYSE: BAC), alleging that they defrauded Fannie Mae and Freddie Mac of at least $1 billion.
But they shouldn't have. Because no matter how satisfying it might be to see justice done after the financial crash of 2008, the truth is the real crooks have already gotten away.
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Tuesday, October 16, 2012
Was CEO Pandit Pushed Out of Citigroup? / Companies / Banking Stocks
By: Bloomberg
Sheila Bair, former chairman of the FDIC, spoke with Tom Keene and Ken Prewitt on "Bloomberg Surveillance" today about Vikram Pandit's departure as CEO of Citigroup. Bair said that "this was a very positive move and the board discharged its responsibilities and I think they should be commended."
Bair went on to say: "I did have concerns about Mr. Pandit's qualifications to serve as the CEO of the largest commercial bank, because he had never been a commercial banker."
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Thursday, October 04, 2012
Why You Should Be Mad at the Latest JPMorgan Lawsuit / Companies / Banking Stocks
By: InvestmentContrarian
Why You Should Be Mad at the Latest JPMorgan LawsuitWe all know that politicians are willing to do anything to get into the limelight, gain favor among the citizens, and then use this leverage for their own gain. The latest lawsuit against JPMorgan Chase & Co. (NYSE/JPM) is so stupid and ridiculous that it would be funny if it weren’t going to cost taxpayers millions of dollars to pay for all of the lawyers involved.
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Thursday, August 23, 2012
Are Big Banks Making a Comeback? / Companies / Banking Stocks
By: InvestmentContrarian
George Leong writes: The subprime credit crisis that surfaced in 2008 drove Lehman Brothers to bankruptcy, along with causing significant upheaval and driving the U.S. and global economies into a global recession. The aftermath was a structural change to the way banks do business, specifically, the amount of risk assumed by a bank via sophisticated strategies.
Wednesday, August 15, 2012
It's Game Over, Goldman Sachs Has Won / Companies / Banking Stocks
By: Money_Morning
Shah Gilani writes:
I'll make this short.
It's game over.
The match that ended last Thursday wasn't the final match in the series being played here on U.S. fields.
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Wednesday, August 08, 2012
Borat Talking About Breaking Up Banks / Companies / Banking Stocks
By: Bloomberg
Today on Bloomberg TV's "Market Makers," former Bear Stearns CEO and JP Morgan Vice Chairman Emeritus Ace Greenberg talked about Sandy Weill's recent comments about breaking up big banks - saying he didn't believe Sandy made the comments. Greenberg said, "It was that guy Sacha Barry Cohen, or whatever his name is...Yeah, he was impersonating Sandy. I know Sandy."
Thursday, July 19, 2012
Are Big Banks Criminal Enterprises? / Politics / Banking Stocks
By: Washingtons_Blog
Here are some recent improprieties by the big banks:
Laundering money for drug cartels. See this, this,this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)
Laundering money for terrorists
Thursday, June 21, 2012
Of Course I Would Like to be CEO of Goldman Sachs / Companies / Banking Stocks
By: Bloomberg
BLOOMBERG EXCLUSIVE: Gary Cohn, president and COO of Goldman Sachs, appeared on Bloomberg TV's "Market Makers" today with Erik Schatzker and said, "of course I would like to be CEO of Goldman Sachs." He also said, "I can tell you for sure it is not good for us to have JPMorgan going through what they're going though."
Friday, June 01, 2012
Inside JPMorgan's Magical Fun Palace / Companies / Banking Stocks
By: Money_Morning
Martin Hutchinson writes:
The financial system wasn't fixed after 2008, and it won't be fixed anytime soon.
The unexpected $2 billion - or is it $5 billion? -- loss incurred by JPMorgan Chase (NYSE:JPM) "whale" trader Bruno Iksil shows only too clearly the flaws in Dodd-Frank and other regulatory activity.
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Wednesday, May 16, 2012
Capitalizing on India’s Rapid Rural Growth with HDFC Bank (NYSE: HDB) / Companies / Banking Stocks
By: Yiannis_G_Mostrous
India’s HDFC Bank (NYSE: HDB) reported strong first-quarter earnings growth of 30 percent year over year. Fee growth also picked up by 25 percent YoY. Loan growth was a little lower at 21 percent YoY, because of the slowdown and uncertainty in the Indian economy. That said, retail loans increased by 55 percent, indicating stronger than expected consumer demand.Read full article... Read full article...
Wednesday, May 16, 2012
Money Center Banks and Stricter Financial Oversight / Companies / Banking Stocks
By: BATR
Once again, the practices of the "Too Big to Fail" banksters bring the financial money machine to the brink. The J.P. Morgan derivative losses and trading gambles by their "London Whale" demonstrates business as usual in the murky world of risk distortion. Even the vexing progressive Robert Reich makes an accurate assessment for breaking up the big banks and the resurrecting of Glass-Steagall.
Tuesday, May 15, 2012
Jamie Dimon: JPMorgan's Chief is the World's Funniest Financier / Companies / Banking Stocks
By: Janet_Tavakoli
Sure the economy is still a mess, unemployment is high, civil services and pensions are being slashed, a record number of people are on food stamps, and families are losing homes. But Jamie Dimon, Chairman and CEO of JPMorgan Chase, does his best to distract the United States from these unpleasant realities.
Tuesday, May 15, 2012
JPMorgan Busted Bet Was No Chance Encounter / Companies / Banking Stocks
By: Money_Morning
Shah Gilani writes:
This weekend I was strolling by JPMorgan Chase's (NYSE: JPM) Park Avenue office building in Manhattan.
It was 11:40 am, and I was returning from a long walk from my midtown hotel down to Chelsea (it was definitely "a Chelsea morning" in NYC... thank you Joni Mitchell).
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Friday, May 11, 2012
JP Morgan $2 Billion Derivatives Trading Loss, Jamie Dimon the Man Who Knew Nothing / Companies / Banking Stocks
By: Brady_Willett
News that JP Morgan lost $2 billion trading synthetic credit securities is spreading like wild fire. Shares of JPM are deeply in the red. The stench of Volcker is in the air:
"It's a pretty stunning admission for a company that prides itself on its risk management systems and the strength of its balance sheet. The timing couldn't be worse for the industry. At the end of the day, it will have ramifications across the broker-dealer community." Sterne Agee analyst Todd Hagerman.
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Wednesday, April 25, 2012
Goldman's Blankfein Discusses the Vampire Squid / Companies / Banking Stocks
By: Bloomberg
Bloomberg TV anchor Erik Schatzker spoke with Goldman Sachs CEO Lloyd Blankfein today. Blankfein said "shame on us in a way for not anticipating how important" public sentiment would be for maintaining Goldman's reputation.
Blankfein also said, "I tend to be a little more positive [on the markets] than what I'm hearing from other people...one of the big risks that people have to contemplate is that things go right."
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Friday, April 13, 2012
Is Now the Time to Bank on Financial Stocks? / Companies / Banking Stocks
By: Money_Morning
Don Miller writes:
Based on recent performance from the sector's biggest names, it's easy to argue that financial stocks are making a comeback.
Capital One Financial Corp. (NYSE: COF) is up 27% in 2012. Citigroup Inc. (NYSE: C) is up 29%. Bank of America Corp. (NYSE: BAC) is up a whopping 59%.
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Tuesday, March 20, 2012
Here is What's Wrong With Bank of America (NYSE: BAC) / Companies / Banking Stocks
By: Money_Morning
Keith Fitz-Gerald writes:
If you have a mortgage with Bank of America (NYSE: BAC) and want to refinance, don't bother.
You are not worth the bank's time. Or at least I wasn't.
That's what I learned first-hand last week when I called Bank of America to refinance a home mortgage I've had with them for years.
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Monday, March 19, 2012
What Do Customers Really Think About Goldman Sachs? / Politics / Banking Stocks
By: Janet_Tavakoli
Last week a Goldman Sachs former employee Greg Smith wrote an op-ed for the New York Times explaining why he was resigning from Goldman Sachs. He alleged Goldman's culture had recently deteriorated and that Goldman's "toxic and destructive" culture isn't doing right by its clients.
Monday, March 19, 2012
Goldman's God Problem on Executive Pay / Politics / Banking Stocks
By: EconMatters
In addition to suffering a one-day $2 billion loss in market value on March 12 bestowed upon by the Goldman Letter at New York Times on March 12 , Goldman also has to deal with God problem regarding executive compensation packages as well.
According to Reuters, in the past two years, a group of religious institutions that hold Goldman shares, including the Sisters of St. Francis of Philadelphia, has been successful in getting its proposal requiring Goldman to conduct an independent examination of whether Goldman's executive pay levels were appropriate taken into regular shareholders' meetings.