FEATURES >> Q4 Earnings | Bank Bonuses | Return of Glass-Steagall | Galleon Group | PR Strategies at Top Banks
TOPICS >> Hedge Funds | Private Equity | Regulatory News | Top Banks: GS C BAC JPM WFC MS
revenue news from FierceFinance
News
JPMorgan caves to pressure on bonuses
We suggested recently that people keep their eye on the compensation-to-revenue ratio at top banks for indications of whether bonuses are really coming down. At JPMorgan (JPM), the ratio indeed seems... Read more...
Wachovia's life insurance policies lead to huge loss
We've all been talking about writedowns for leveraged loans, subprime-related securities, and heck even plain loan losses. But life insurance policies? Huh? About $315 million of Read more...
Blackstone Group's earnings disappoint
Blackstone Group's earnings took a hit but not for the reasons you might think. The firm's private equity business reported strong enough revenues, $227.3 million, up 42 percent from a year ago. The... Read more...
More banks aim to boost high-end wealth management
Lost in the earnings hubub, one bright spot at Bank of America has been overlooked: wealth management. Financial News Online notes that revenues rose 24 percent, bolstered by the acquisition of U.S.... Read more...
Lehman earnings: Could have been a lot worse
Lehman Brothers basically matched revenue estimates, and its $1.54 earnings per share actually beat the average analyst estimate. Of course the analysts predictions were shaved down significantly... Read more...
Look to 1998 for clues on bank revenue woes?
If you're an old pro on Wall Street, the current turmoil is not that new. Standard & Poor's notes some similarities between now and 1998. The subprime mortgage woes in some ways recall the Asian... Read more...
Crisis takes toll on Lehman and Bear Stearns
The hardest hit of the top investment banks have been Bear Stearns and Lehman Brothers. On the surface, this seems logical. They ranked as the top two firms in mortgage-backed securities... Read more...
What to make of Blackstone's earnings?
In its first earnings release as a public company, the Blackstone Group announced strong earnings. Earnings tripled. Revenues nearly did as well. Private equity was strong; revenues increased to... Read more...
Which banks are at the most risk? Bear Stearns?
Top investment banks by dint in part of their strong capital bases have not generally raised concerns by the big debt raters. While their CDS spreads have soared, none have been downgraded. Morgan... Read more...
Another sign of a private equity bubble
This is jarring: Financial sponsor activity has generated $10 billion in investment banking revenues so far this year. That's about one-third higher than last year. So it looks like we're on track... Read more...
