Tag:
Earnings Growth
Latest Headlines
Latest Headlines
First quarter bank earnings may be disappointing
Bank stocks have been on an amazing run, as bullishness about even large, ailing banks like Citigroup ( NYSE: C ) and Bank of America ( NYSE: BAC ) seemed to lift the group. But the top banks will release their first quarter earnings, and that just might present an opportunity to sell on the n
Was Pandit's prediction rash?
Citigroup CEO Vikram Pandit ( Vikram Pandit news) made headlines when he predicted the bank would be able to earn $20 billion a year by 2012--which strikes many as requiring a whole lot of earnings growth in a short amount of time. For one thing, the company is still saddled with Citi Holdings
Bank ROEs tanking
Even as bank earnings seem to be recovering from the depths of the crisis, the fact remains that their returns on equity are much lower now than two years ago. Breakingviews notes the example of Goldman Sachs ( GS ). Back in 2007, when it had its best ever year, its ROE was a whopping 38 per
No quick TARP payback for Bank of America
The good news is that Bank of America's capital position is strong and the government is satisfied. The bad news is that it's still a ways away from paying back its $45 billion in TARP funds. TheStreet.com suggests that the bank will have to pay it back in small increments over time. Which unf
Lehman Brothers to sell entire investment management unit?
The latest rumor regarding Lehman Brothers is that it is mulling a sale of its entire asset management unit, not just Neuberger & Berman. This would not be a surprise to anyone. Obviously, all the top banks are considering ways to boost capital ratios. It's unclear what other assets manage
