Company Reports

COF 2Q15: Oil-n-Gas & Uber Ouch - Cards Weaker Too

07/29/2015

Significant YoY net income decline and substantial increase in provisions offset revenue growth.  COF is well capitalized and continues to diversity its portfolio. COF COF COF

 

STT 2Q15: Not Excited About Excess

07/27/2015

Business growth in custody and asset management provided earnings lift.  Excess deposits still growing despite higher charges.  FX legal accruals weighed on results for fourth straight quarter.  Remixing investment portfolio for capital, liquidity and profitability purposes.


AXP 2Q15: Post-Partum (Costco) Depression

07/27/2015

Even with strong segment growth across USCS, ICS and GNMS, AXP seeks to regain footing post-Costco divesture; positive traction in rewards programs brewing. 


Launch Discover: Competition & Compliance Clamps

07/27/2015

Discover had the card growth field wide open following the credit crisis years which led to strong volumes and loan growth. But competition is heating up, especially in its Cash Back category, just as compliance costs ramp up too.


Launch NTRS 2Q15: Growth with Less VISA

07/24/2015

Strong business growth in custody and asset management provided earnings lift.  Lower capital constraints allows it to pick up European excess deposits shed by others in bid to grow business.  Money market funds still affecting profitability.


Credit Suisse 2Q15 Ahead: Thiam Talks, Full Vision TBD

07/24/2015

Credit Suisse’s new CEO Thiam will focus on Global Wealth Mgt. highly integrated with Global Investment Banking pivoted to the fast growing APAC region. A more formal repositioning review to come this Fall, but this early-vision is not unique among global banks in a highly competitive arena.


BNY Mellon 2Q15: Operations Reform Good for Growth

07/23/2015

Solid business growth and expense reduction propelled higher profitability.  Structural changes in business operations are increasing growth and lowering costs.


Citigroup 2Q15 FI Call:  GSIB Buffer Baked In

07/22/2015

Citi’s GSIB surcharge is lower than expected, driving down expected TLAC needs.  Balance sheet management from asset sales in Citi Holdings to bond redemptions should improve profitability, lower RWA and reduce TLAC needs.


Fifth Third 2Q15: Digital Destruction of Regional Branches

07/22/2015

FITB shows some loan growth, but not very convincing. Downsizing branches as digital banking breaks down the branch usage. 


Regions 2Q15: Dodges Energy Bullet, Not Much Growth

07/22/2015

RF skirted the energy spike that nailed Comerica this quarter. Still, the loan growth and better fee income may not be sustainable. High SNC concentration is a worry.


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