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KBW
Latest Headlines
Latest Headlines
Fed won't allow Bank of America dividend hike
As the top consumer banks rushed to hike dividends, one massive bank was noticeable for its absence. Bank of America ( NYSE: BAC ) was the only one that did not joyously tout a payout hike in the wake of the much anticipated Federal Reserve Board stress tests. Many assumed all of the big banks w
Bank analysts rarely right in wake of crisis
We've noted often that equity analysts have fared poorly when it comes to estimating the earnings of the top financial services firms. A whole mess of moving parts complicates their efforts, and the days of handholding from the companies are long gone. Even the most seasoned analysts have been vex
Regional banks key to industry recovery?
As the carnage in the banking industry continues ( banking industry news), the FDIC could sorely use some help in taking over failing banks. Private equity firms have stepped up to a degree, but they are not seen as a perfect fit. The big banks aren't likely to step into the community bank game
Boutique buzz may be over already
Just about a month or two ago, people were proclaiming that a golden era for boutique investment banks and trading outfits was at hand. Bankers at bulge brackets firms were streaming to take offers at boutiques, driven by the view that they would be able to make more money there than at a TARP-rid
How much capital will banks need?
The results of the stress tests were scheduled to be communicated to banks starting Friday. Analysts are certainly busy crunching their own numbers, and modeling various economic scenarios. Bloomberg reports that financial services investment banking boutique KBW has concluded that "U.S. banks
So how bad is the IPO market?
KBW says the IPO market held up well in June, but then fell off a cliff; August was the worst month since 1992, according to a Financial News Online article . On an annual basis, we're on track for the weakest market since 2003. (We should note the merger activity has fallen as well.) KBW r
How will Lehman raise capital?
KBW analysts, after meeting with the Lehman Brothers COO, are telling clients that Lehman is not likely to sell its Neuberger Berman asset management unit. The unit is just too integral to its operations and too valuable from a credit ratings agency stand point. So it looks like all that talk
Merrill Lynch's ace up its sleeve
KBW has put a value on Merrill Lynch's 49 percent stake in asset manager BlackRock: $30 to $35 billion, reports MarketWatch . This qualifies as a crown jewel in the Merrill portfolio of assets. If it had to sell half--we assume that BlackRock isn't going to tank; it's held up fairly well in thi
ALSO NOTED: Morgan Stanley buys stake in seventh hedge fund; KBW cuts rating on State Street; and much more...
Company News:
> Morgan Stanley buys stake in seventh hedge fund. Article
> RBC cuts Wells Fargo estimates. Article
> KBW cuts rating on State Street. Article
> Wachovia may halt some loans to California. Article Â
> Bear Stearns' director's firm sells
SPOTLIGHT: New Ground for KBW
KBW analysts have started covering 31 REITs, a number that is expected to grow to 50 by the end of this year, according to Investment Dealers' Digest . The move makes sense given that the number one source of collateral at most banks is real estate. Article
(banks, investment dealer
