Commercial Banks

  • Does The Best Financial Company Have Another Leg Up?

    By Matthew Frankel - March 8, 2013 | Tickers: GS, JPM, WFC

    In the world of big investment banks, I’m yet to hear a good case as to why JPMorgan Chase & Co ) is not the best in breed.  With a great balance sheet, good international exposure, and steadily increasing assets (see below), there are few reasons not to like JPMorgan Chase.  However, with the stock up over 58% since this past May, is there still room to run, or should prospective more »

  • This Is The Bank That U.S. Banks Should Try To Be Like

    By Matthew Frankel - February 19, 2013 | Tickers: BAC, AMTD, TD

    Toronto-Dominion Bank (NYSE: TD), a.k.a. TD Bank, is Canada’s second largest financial institution, with over 14 million customers.  TD Bank is one of the few financial institutions that are actually doing better than it was before the crisis of 2008-09 due to the good credit quality of its loan portfolio and good strategic acquisitions.  In my opinion, TD Bank is one of the best ways to gain more »

  • These Banks Are Missing Out On the Money Machine

    By Mohsin Saeed - December 28, 2012 | Tickers: BAC, C, JPM, WFC

    The Fed has been busy in its efforts to revive the US housing markets, however, Citigroup (NYSE: C) and Bank of America (NYSE: BAC) have been reluctant in offering new home loans and are missing out on the biggest mortgage profits on record after the housing crash.  Both the banks suffered $258 billion in credit losses and writedowns, largely related to mortgages from 3Q2012 to 2Q2011. Much to the dismay more »

  • A Global Franchise Bank for Long Term Investors

    By Anh HOANG - October 18, 2012 | Tickers: BAC, C, JPM, NES.DL, WFC

    Citigroup (NYSE: C) just announced its third quarter earnings results. It reported that GAAP earnings plunged due to a $4.7 billion write-down at Morgan Stanley’s (NYSE: MS). The reported third quarter net income was $468 million, with EPS of $0.15. It was nearly 90% lower than the $3.77 billion in net income and $1.23 EPS one year ago. 

    However, excluding CVA/DVA, its Q3 operating more »

  • JPMorgan Chase: Fortress Under Siege

    By Daniel Ferry - June 14, 2012 | Tickers: BAC, C, JPM, WFC

    JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon testified before the Senate Banking Committee yesterday, apologizing for the company's recent losses but reiterating his claim that “our fortress balance sheet remains intact.”

    Shares of JPMorgan Chase have slid by 20 percent since the revelation in April that a London trading desk was losing billions on big, complex transactions. JPMorgan classified the transactions as hedging, while critics -- including Banking Committee member more »

  • Big Banks Prized Deal with the Devil

    By Richard Birecki - May 21, 2012 | Tickers: BAC, C, JPM, NES.DL, WFC

    In case you're not aware, JP Morgan (NYSE: JPM) announced they had lost two Bills (billion) last week, sending the stock, and that of other banks spiraling downwards. JP Morgan and their CEO Jamie Dimon, who were the fiercest critics of the Volcker Rule which was designed to prevent commercial banks which citizens entrust with their hard earned money to use these deposits for trading and hedges, and with more »

  • JP Morgan's Gambling Problem- Time to Pay-up

    By Richard Birecki - May 15, 2012 | Tickers: BAC, C, JPM, NES.DL, WFC

    Charlie Munger, of Berkshire Hathaway recently gave an interview on CNBC, and when asked about Michael Lewis, an author who chronicled the financial meltdown of 2008, who said more needed to be done to help heal the ills of Wall Street, and that the Volker rule was insufficient, Munger replied, "The majority of what was wrong has not been fixed. The Volker rule is not enough. If I was making more »

  • Banks Firing on All Cylinders

    By Tim Brugger - April 19, 2012 | Tickers: BAC, C, JPM, NES.DL, WFC

    Talk about a roll. What a week for banks and financial services companies. Morgan Stanley’s (NYSE: MS) recently announced better than expected earnings for Q1 is yet one more feather in the industry’s cap. The good news comes on the heels of Wells Fargo (NYSE: WFC) kicking things off earlier in the week – something they always like to do – in stellar fashion. Citigroup (NYSE: C) followed that up more »

  • Goldman Beats Estimates – But Are They a Buy?

    By Tim Brugger - April 17, 2012 | Tickers: C, GS, JPM

    The news – though wrapped in a lot of ribbons and bows – was mixed as Goldman Sachs (NYSE: GS) shared Q1 earnings today. It appears investors – for the most part anyway – understood that as the share price languishes at or near where it was at the open.

    While earnings beat expectations - which is rarely a bad thing - there were also some less than desirable insights sprinkled throughout the announcement. So with more »

  • Don’t Jump Yet, Comerica Investors

    By Tim Brugger - April 17, 2012 | Tickers: C, CMA, WFC

    It’s hard to imagine a 26% jump in earnings year-over-year could be anything but good news. But a closer look into Comerica’s (NYSE: CMA) recently announced Q1 financial results exposes a few less-than-desirable factoids for the commercial lender.

    On the upside of course is the jump in earnings – to $130 million from $103 million in Q1 of 2011. That equates to $0.66 a share vs. $0.57 more »

  • Sifting Through The Mess: Wells, JPMorgan and Citi

    By Tim Brugger - April 16, 2012 | Tickers: C, JPM, WFC | Editor's Choice

    Most investors are glad to be rid of last week, and good riddance. After Friday’s drop of another 1%+, the markets officially finished with the worst 5-day stretch so far this year – ugh. It got so bad even what appeared to be good news was brushed aside by anxious investors more concerned with global economic data than earnings. Not that there’s anything wrong with that mind you – that more »

  • The Week that Was: Banks, Nokia and Intel

    By Tim Brugger - March 5, 2012 | Tickers: BAC, C, INTC, NOK, WFC

    For both Intel (NASDAQ: INTC) and Nokia (NYSE: NOK) last week was all about one upping the competition at the World Mobile Congress in Barcelona. Though reviews were mixed, most believe Intel’s smartphone and mobile computing chips were a smashing success. Intel reiterated the previously reported agreement with China’s LTE as well as announced deals to provide their Atom chips for France Telecom and India’s Lava International more »

  • Proceed With Caution at Bank of America

    By Paula Pant - February 11, 2012 | Tickers: BAC, C, JPM

    Poor Bank of America (NYSE: BAC). Its revenues have plummeted. It endured tremendous public backlash when it tried to introduce a debit-card fee. And on Friday it got served (yet another!) subpoena. This latest subpoena comes from regulators in Massachusetts who allege the bank overvalued its assets in order to get its loans off its books. 

    Yet despite its woes, BAC’s stock has enjoyed a strong run-up since December more »

  • A Bank That Is a Bank

    By Tony Daltorio - January 24, 2012 | Tickers: C, JPM, WFC

    What a novel concept that Wells Fargo & Co. (NYSE: WFC) has come up with. 

    The company, under the leadership of chairman and CEO John Stumpf, believes the main business of his bank should be traditional banking. 

    Wells Fargo is not a quasi-hedge fund or centered on investment banking like some other banking giants. As Stumpf said, “I'm not driven by [investment banking] league tables.” 

    Instead, Wells Fargo focuses on more »

  • 6 Stocks from the Week that Was

    By Tim Brugger - January 21, 2012 | Tickers: BAC, GOOG, HBAN, INTC, WFC, YHOO

    With an active and certainly interesting week now behind us, let’s take a look at a few of the opportunities and where they stand now. These either presented themselves or were confirmed as a result of earnings announcements last week.

    Here are the re-caps along with links for a more comprehensive breakdown of what made these companies intriguing.

    The week ended with a lot of investors, analysts and assorted more »

  • The Return of Broker-Dealers

    By Michael Gayed - January 20, 2012 | Tickers: SCHW, GS, IAI, DIA, AMTD

    “Do not let yourself be tainted with a barren skepticism.” - Louis Pasteur

     As I've been writing about on a number of sites I offer my analysis to, the Winter Resolution following the Summer Crash and Fall Melt-Up of 2011 appears to be playing out as I thought it would. I began writing in late December about the idea that the volatile sideways movement of last year was going to more »

  • Beyond Bank of America’s Numbers

    By Tim Brugger - January 19, 2012 | Tickers: BAC, C, JPM, WFC

    So Bank of America (NYSE: BAC) beat estimates, showed a healthy profit compared to Q4 of last year and the stock is up 4.5%; what’s not to love? A few things actually -- the manner in which the numbers were arrived at, the huge disparity between analysts’ interpretations of the results and a depressing trend in loan volume. That’s quite a mouthful, so let’s break this down more »

  • Banks Can Learn From Wells Fargo

    By Tim Brugger - January 17, 2012 | Tickers: C, JPM, WFC

    When JPMorgan Chase (NYSE: JPM) released earnings on Friday the news was not good, nor surprising. Analysts and many investors had predicted a significant drop in profits year-over-year, and that’s exactly what they got. Though the numbers were in line with expectations, those expectations had already been lowered.

    JPM’s Q4 net income of $3.7 billion or $0.90 a share is a significant drop from the $4 more »

  • 5 Fast-Growing Financial Firms To Consider

    By Robert Fisher - January 12, 2012 | Tickers: CISG, FSC, ISBC, MHLD, PNNT

    After a devastating three years during the global economic crisis, the banking industry is once again hot. This impressive recovery has made it an ideal target for investors who are ready to recover their losses from the tough times. There are a number of fast-growing financial firms that offer the potential of solid gains. Among these companies are CNinsure Inc (NASDAQ: CISG), Fifth Street Finance Corp (NASDAQ: FSC), Investors Bancorp more »

  • 12 Stocks to Buy and Forget for 2012

    By Kirk Spano - December 27, 2011 | Tickers: APA, AMAT, BRK-B, DISH, EXAS, GE, GMO, KSS, MRK, MON, BTU, SPWR

    If you hold one stock in your portfolio, you carry 100% of the risk of losing all of your money.  As you diversify your holdings from one company to two to three, you are gradually reducing your risk of losing everything. We all know this. What most investors don’t know is that a 12 stock portfolio of domestic companies cuts your company specific risk about 90%.  There are some pretty strong arguments for owning these dozen stocks in your portfolio in 2012.

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