Wells Fargo is combining good core loan growth with an opportunistic advantage to acquire more GE Finance divestiture delicacies. This helps in the low rates environment where where traditional C&I loan yields are low whereas finance receivables yields are more attractive
Solid loan growth and improved NIM was offset by market conditions. Revenues down across all units, but net income benefited by lower expenses, tax benefits and loss reserve releases.
Good loan growth in Canada and South America, but softer Asian business. Added to Peru and Chile exposures with acquisitions. Concerns of potential asset quality deterioration in Latin American and direct and indirect Canadian oil loans.
All businesses contributed to a record quarter. Strategic focus bearing fruit. Credit quality remains solid.
Record quarter with strong assist from residential mortgage, commercial, and indirect auto loan growth. Capital build on higher earnings used to fund organic loan growth. Asset quality stable, but expected to fall.
Litigation and restructuring charges dragged down results. Continued march towards new operating structure helping capital ratios.
Results varied. Two segments performing strongly, two worse, and one flat. Net positive for the quarter. Caribbean cuts done, Swiss wealth sale pending, City National incoming.
Earnings lift provided by solid loan growth in Canada and U.S. operations, expense control and lower credit costs. Oil & gas loans showing small signs of deterioration, but still under control.
Societe Generale posted strong results across its franchise as if the global slowdown was of little concern. We believe it needs to downsize its franchise in Russia, and worry about credit costs escalating from a global slowdown.
BNP posted good results across its franchise as if the European slowdown was of little concern. We still believe it needs to downsize its franchise and worry about credit costs escalating if Europe does not pick up more.