Barclays PLC (ADR)
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Will Bitcoin Crush America's Exorbitant Privilege?
By Fani Kelesidou - May 22, 2013 | Tickers: BCS, DB, WU
With great power comes great responsibility. When it comes to the country that issues the international currency, with great responsibility comes great benefit.
For the period 1990-2010, the World Bank estimated that U.S. seigniorage income derived from the greenback's international status has averaged $15 billion per year. When foreign demand for dollar assets was factored into the equation, U.S.-based borrowers enjoyed an extra annual cost of more »
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Profit From Africa's Growth With These 3 Early Movers
By Rupert Hargreaves - May 21, 2013 | Tickers: BCS, C, DB, MA, V |
According to the IMF, Africa's economic growth is surging, especially south of the Sahara with the Ivory Coast and Mozambique leading the way. Economic growth in countries south of the Sahara is expected to be 8% this year. South Africa, the continent's biggest economy, is expected to grow at 3.3% after recovering from the crippling mining strikes in the country last year.
Meanwhile, the IMF predicts that more »
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This British Bank Might Be a Bargain at Current Levels
By Alex Bastardas - May 16, 2013 | Tickers: BCS, LYG, RBS
As one of the big British banks that was partially nationalized in the midst of the financial crisis, Lloyds Banking Group (NYSE: LYG) has been working hard to recover profitability. Even though it has had a great run in the past few months, its stock price is still significantly below the price the British government paid for its shares. Slowly, however, both the bank's financials and its stock price more »
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The Best Dividend in Banking
By Marshall Hargrave - April 29, 2013 | Tickers: BCS, HBC, RBS
HSBC Holdings (NYSE: HBC) is a British multinational banking giant. The bank has over 6,600 locations in 81 countries. Its core businesses include commercial banking, investment banking, retail banking and wealth management.
HSBC has a truly global footprint, and its business is evenly spread out among the Americas, Europe and Asia-Pacific. Each region contributes one third of HSBC's revenues. Besides its strong global brand and reach, the company more »
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British Banks Continue to Cut Jobs Without Hope of Recovery
By Peter Pham - April 22, 2013 | Tickers: BCS, RBS
Two of the leading British banks, Barclays (NYSE: BCS) and Royal Bank of Scotland (NYSE: RBS) recently revealed that they have paid more than $1.5 million (£1 million) each to more than 500 of their employees. Meanwhile, the banks continue to post increasing losses as their inappropriate actions result in billions in litigation costs, and compensation and cost cutting measures seem to target thousands of jobs instead of salaries more »
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The Fed's Stress Tests Are Meaningless
By Gaurav Seetharam - March 9, 2013 | Tickers: BAC, BCS, C, JPM, UBS
The Federal Reserve just released stress test results for the nation's largest financial institutions. It paints an altogether flattering impression of the U.S. banking sector as a resilient, functional financial system; an impression that is not entirely accurate. Also, according to Bloomberg Law, the U.S. Department of Justice is now seeking guilty pleas from bank subsidiaries that were involved in creating the financial crisis. Its stated reason more »
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An ETF Giant Gets Bigger
By Reuben Brewer - January 22, 2013 | Tickers: BCS, BLK, CS
BlackRock (NYSE: BLK) has moved aggressively to expand its business over the last decade or so. One of its most successful shifts has been to quickly establish itself as a leader in the exchange traded fund market. It isn't done yet, and that's good news for investors.
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Deutsche Bank May Have Traded off Libor Rigging
By Kyle Colona - January 11, 2013 | Tickers: BCS, DB, UBS
Several news sources are reporting that an internal probe at German banking powerhouse Deutsche Bank (NYSE: DB) may have profited from trades linked to fixed Libor rates.
My previous post concluded that the ongoing probe into the Libor Rate fixing scandal could be a big factor in the banking sector in 2013. Last year Barclays PLC (NYSE: BCS) was the first to get caught with their hand on the Libor more »
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HSBC Survives U.S. Investigations
By Peter Pham - January 7, 2013 | Tickers: BAC, BCS, HBC, ING
HSBC (NYSE: HBC), the biggest Asia-focused European bank, has agreed to pay a record $1.921 billion fine to settle the U.S. money laundering probe being conducted by the U.S. Department of Justice and other regulators, the biggest ever by any bank. Earlier in June, ING Bank (NYSE: ING) was penalized $619 million for similar crimes for dealing with Cuba and Iran. HSBC was allegedly involved with Mexican more »
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JPMorgan Adds Another Accolade to its Impressive Profile
By Nicholas Kitonyi - December 13, 2012 | Tickers: BAC, BCS, JPM, WFC
JPMorgan Chase (NYSE: JPM) is a stock you do not want to miss. The bank has stood out from the rest of its peers in almost all dimensions including its business model, and internal and external customers. The bank now ranks first, according to the latest U.S customer satisfaction survey as reported by Reuters.
JPMorgan beat Wells Fargo (NYSE: WFC), which has been dominating the stats over the last more »
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INCOMING! How To Take Cover From The Fiscal Cliff
By Mitch Rubinstein - December 5, 2012 | Tickers: BCS, BLK, ^GSPC, BND
Unless you've been on a remote Forward Operating Base for the last three months, you've probably heard about the fiscal cliff that's coming our way. Taxes on personal income and investments will go up, and government spending will be trimmed. On the one hand, it's standard stuff for any government, corporation, or household that is spending more than they're taking in. On the other hand more »
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The Fundamental Attribution Error Committed with This Stock
By Lee Samaha - November 30, 2012 | Tickers: BCS, BKW, CAT, MCD, YUM
One of the most consistent errors in investing is the determination to cling on to what behavioral psychologists call the fundamental attribution error. Now I know what you are thinking: yet another dreary hard-to-read article on a concept that doesn’t conclude with anything tangible even if you could make sense of it? Okay, well there will be some of that too (I promise), but bear with me -- there is more »
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Pinching the Banks a Little More
By Matt Koppenheffer - November 30, 2012 | Tickers: BCS, DB, GS, NES.DL
The Wall Street Journal's article highlighting the fact that currency trading is getting squeezed for banks is a good reminder of what's a near-constant threat for many bank businesses: transparency.
And the explosive growth of electronic trading has brought transparency to a roughly $4 trillion-a-day market, making buyers and sellers less reliant on big banks to pair them up.
We've of course seen this in a big more »
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Is the Era of Investment Banking Over?
By Kyle Spencer - November 28, 2012 | Tickers: BCS, C, GS, JPM
Let's wind the clock back 6 ½ years.
The first thing you have to understand about 2006 is that Barclays (NYSE: BCS) owns everything. Your mortgage, the company you work for, your college tuition debt, your car note, everything. The air you're breathing is majority owned by Barclays.
Angry about that overdraft fee that Bank of America slapped on your checking account, or the interest rate Citigroup charged more »
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The Year From Finance Hell
By Kyle Spencer - November 26, 2012 | Tickers: BCS, C, GS, JPM
“Should Old Acquaintance be forgot, and never thought upon...”
If anyone is singing the traditional Scotch ballad "Auld Lang Syne," it's the banking industry. 2012 marked a sordid turning point in the history of Financialization. One by one the Great Banking Houses stumbled into the regulator's loving arms. LIBOR. London Whale. Barclays. Standard Chartered. Muppets.
This has been the year from Finance Hell.
The Rise of the Banksters more »
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What Investors Should Know And Do To Make Sure The Short Interest In Arena's Stock Is Playing By The Rules.
By Joseph Dedvukaj - November 26, 2012 | Tickers: ARNA, BAC, BCS, SCHW, C, CS, DB, ETFC, GS, HBC, JPM, MFG, NES.DL, PJC, RBS, BA, TST, UBS, WFC
1. Arena (NASDAQ: ARNA) short-sellers using illegal short and distort-
As of November 15, 2012, Arena short interest is 61,748,793 shares. This is the highest it has ever been. How much of the short interest is illegal naked shorting? We believe its substantial. It is no secret Arena investors know illegal naked short selling and stock manipulation are being used to manipulate Arena's stock to some extent more »
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Spanish Clark Kent is the Superman of Latin ETFs
By Nick Slepko - November 13, 2012 | Tickers: CIB, BARC, BCS, SIL, GXG
Colombia has been the cornerstone of ETF superhero Global X Funds’ success. After leaving Madrid, surviving Wharton, and picking up a CFA on his way to co-founding Global X, CEO Bruno del Ama and his team currently oversee 31 ETFs which have brought USD 1.5 billion under management in less than five years. While Global X's recent ETF offerings of Argentina and Greece have been controversial, it all more »
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Is JPMorgan Still a Buy?
By Meena Krishnamsetty - November 9, 2012 | Tickers: BAC, BCS, C, JPM, WFC
JPMorgan Chase (NYSE: JPM) has rallied from its lows after the London Whale incident and is now up 18% so far in 2012, but is still short of its high for the year above $46. In the bank’s 10-Q for the third quarter of the year, total net revenue was up 6% from the same period in 2011 and rose 13% on a q/q basis (though the second more »
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Bair's Restricted Borrowing Approach: Sensible Banking?
By Bill Edson - October 11, 2012 | Tickers: BAC, BCS, JPM
Sheila Bair published her memoir Bull by the Horns one year after stepping down from her position at the FDIC. In her book, she calls for banks to be restricted to borrowing half of what they can currently against equity.
Her motivation in calling for these changes is to make the banking system safer. The current implementation of new U.S. banking regulations fell short of her vision, and are more »
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Jamie Dimon Made a Good Call on JP Morgan, Should He Sell?
By Meena Krishnamsetty - October 10, 2012 | Tickers: BAC, BCS, C, JPM, WFC
On the July 19 and 20, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon purchased a total of 360,000 shares of his bank (read our coverage of Dimon's buy and analysis of JPMorgan Chase at that time). Two and a half months later, and Dimon’s purchase is up 23% as JPMorgan Chase currently trades at a price above $42, compared to an average price of $34.14 at more »
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