Tag:
margins
Latest Headlines
Latest Headlines
JPMorgan's Q1 revenues weak, earnings growth strong
JPMorgan Chase ( NYSE: JPM ) kicked off the first quarter earnings round with a strong upside surprise, which may or may not bode well for other banks. The bank posted earnings of $5.6 billion, or $1.28 a share, beating the expected $1.16 a share and also heating last year's 74 cents a share. Th
Schwab to buy options brokerage
Given the well-publicized woes of Charles Schwab, you might be forgiven if you did not think the company had $1 billion deal in it. But it has announced an eye-catching merger with optionsXpress, which will position Schwab much better in the options market.
The deal will generate about $80 mil
More on hedge fund-like mutual funds
We've noted before that the mutual fund and hedge fund industries are converging at the margins. The entire 130/30 movement and the passive hedge fund index movement can be interpreted as the mutual funds industry trying to cash in on the appeal of hedge funds.
AllAboutAlpha.com takes an i
How bad will the asset management industry be hit?
How bad is it going to get for the asset management industry? A new study from Casey Quirk says that asset-based fees will fall 25 percent between 2007 and 2009. That will have a seismic affect on operating profits, which will drop 30 to 35 percent between 2007 and 2008, and another additional 30
Big names to launch private bank
We've grown accustomed to executives leaving top investment banks to join private equity firms and launch hedge funds. But David Komansky, William Schreyer and Dan Tully--all former CEOs of Merrill Lynch--have agreed to financially back Fieldpoint Private Bank & Trust, expected to open for bu
Do higher margin requirements help or hurt?
In the wake of the subprime debt meltdown, lots of prime brokers moved to boost their margin requirements. You can't blame them. But there are some unintended consequences that some are now talking about. Standard & Poor's notes that some funds would like to plunge into distressed securities,
The future of Merrill Lynch
Business Week Online notes that the future of Merrill Lynch is on the line. If the issue is shareholder value and how to unlock it, there are two extremes. On one hand, a future CEO might nod to Goldman Sachs and Morgan Stanley and push the bank toward more of a trading model that leverages th
Bank of America builds equity team
On Wall Street, equity trading hasn't been the place to be for a long time. Let's face it-- the margins are really thin and the services seem commoditized. The places to be were in exotic securities with big margins and less than transparent markets. Investment Dealers' Digest notes, however,
Battle brewing: HSBC vs. U.S. hedge fund
HSBC , a fairly strong British brand, thought the burgeoning U.S. was the ticket to higher margins. In 2003, its purchase of Household International, a lender, was hailed as a good strategic move. It subsequently moved to buy a portfolio of loans in 2005 and 2006, according to MarketWatch .
Jockeying in the interest rate derivatives market
Credit default swaps have made a lot news for their heady growth . Indeed, the market had
