Tag:
Credit Quality
Latest Headlines
Latest Headlines
Citigroup joins the weak-revenue trend
So far, the scourge of the third-quarter bank results has been a troubling lack of top line growth--a vexing problem with no easy fix.
Citigroup became the latest bank to succumb to this malady. Revenues came in at $20.8 billion, slightly up from the prior year and previous quarter. Citigroup
Wells Fargo hits expectations for third quarter
There was plenty of good news in the third quarter earnings report from Wells Fargo ( NYSE:WFC ).
For one thing, the bank reported earnings of 72 cents per share, which was right in line with expectations. That was a record high. The bank also reported that credit quality improved, as net lo
Should Citigroup be allowed to fail?
We've gotten accustomed to good earnings. The first quarter results have been "good," even at the most troubled big banks such as Citigroup and Bank of America. But you have to wonder if all this stock rallying amounts to a mere dead cat bounce, a sucker's play.
Citigroup certainly gave u
Bank of America: Another upside surprise
Bank of America joined Wells Fargo, Citigroup and a handful of other bank that reported better than expected earnings for the second quarter. It posted a gain of 72 cents per share against expectations of about 50 cents per share. Of key interest, the bank announced the Countrywide deal will s
