Tag:
loan losses
Latest Headlines
Latest Headlines
Super-regionals to rise as big banks stumble
As Bank of America and other large consumer banks grapple with a surge in litigation, settlement woes, declining rates and regulatory changes, super-regional banks may be poised to make great gains.
Already we're seeing the rise of new challengers with enough heft to be considered a near-Big F
Questions linger after Bank of America earnings
The good news is that Bank of America ( NYSE: BAC ) posted a profit after three straight losses. The bad news is that those first quarter profits sorely lagged expectations, raising all sorts of questions about the near-in future of the bank.
The bank generated 17 cents a share in earnings f
Citi's earnings for Q1 beat estimates
Somewhat lost amid the saturation coverage of the SEC's complaint against Goldman Sachs: Citigroup ( NYSE: C ) reported strong first-quarter earnings of 15 cents a share, which trounced expectations. Analysts on average were expecting a slight loss.
These were the best results in three years
Tough times ahead for banks
After showing distinct signs of recovery earlier this year, bad loans surged in the third quarter, as did delinquencies. According to Moody's, as reported by the AP , this bodes ill for the banking industry over the next year or so. Indeed, the credit rater says U.S. banks have so far only rese
Deutsche Bank faring well--or not
When people talk about banks that have fared well in the crisis, JPMorgan Chase ( JPM ) and Goldman Sachs ( GS ) get mentioned early. For a while Deutsche Bank ( DB ) was mentioned as well, almost in the same breath. It certainly fared better than most, but people have stopped comparing it t
Can re-remics aid banks?
We've noted that markets for some distressed securities have stabilized as of late. So much so that the main concern now, for many big banks anyway, is less about toxic assets and more about loan losses. But it would be premature to say that the market for toxic assets is faring well. Still, the m
A big first-quarter earnings surprise for banks
Big TARP banks have been in rally mode as of late, as the CEOs of Citigroup and Bank of America raised hope that the banks would soon return to profitability. How likely is it that we'll see some actual profits in the first quarter? The chances are reasonably good, according to TheStreet.com .
The fate of private equity distressed funds
Not so long ago, private equity firms were scrambling to set up distressed credit funds. The thinking was that there were lots of beaten down securities out there that amounted to a once in a lifetime opportunity. It's probably fair to say that the enthusiasm has waned as of late. KKR Financial re
JPMorgan to cut 12,000 jobs
JPMorgan Chase has announced it will lay off roughly 12,000 employees as it digests Washington Mutual. According to the AP, the big bank, which some thought had weathered the crisis as well as any, expects about $2 billion in savings via the acquisition, the majority of which will be realized
Bank of America to cut dividend?
Analysts seem to be growing more pessimistic about the near-term prospects for Bank of America. A Citi analyst told clients he expected further deterioration in Bank of America's earnings and cut his 2009 EPS estimate to just $0.25 per share.
The analyst also said that Bank of America might ha
