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Rebecca Keats

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Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Rebecca Keats

  • uploads///MS Capital
    Earnings Report

    Morgan Stanley’s Capital Position Remains Strong

    Since the financial crisis of 2009, there has been intense pressure on US banks to raise capital levels to meet minimum requirements.

    By Rebecca Keats
  • uploads///credit card loan portfolios
    Macroeconomic Analysis

    How Would Rising Charge-Offs Impact Major Banks’ Earnings?

    To make the most of growing consumer spending, major banks focused on their consumer banking business. They’re lending out more consumer loans.

    By Rebecca Keats
  • uploads///GS ROE
    Earnings Report

    After a Lackluster 2Q15, Return on Equity Will Likely Improve

    Wall Street analysts expect Goldman Sachs to post return on equity (or ROE) of 11.5% in 3Q15. In 3Q14, ROE for Goldman Sachs was 11.8%.

    By Rebecca Keats
  • uploads///GS exps
    Earnings Report

    GS Cuts More Jobs than It Did during the 2008 Financial Crisis

    Goldman Sachs has been cutting costs in recent quarters. In 2016, 2,600 people may have lost their jobs at GS—the highest number since the financial crisis.

    By Rebecca Keats
  • uploads///EPS Estimates
    Company & Industry Overviews

    5 Big Banks to Report Their Earnings this Week

    This week, five of the top six commercial and investment banks will report their quarterly earnings.

    By Rebecca Keats
  • uploads///WFC profitability ratios
    Earnings Report

    How Global Weakness Drags down Wells Fargo’s Profitability in 4Q15

    Two key elements gripping the US banking sector and Wells Fargo include the near-zero interest rate and global uncertainty, which have dampened earnings.

    By Rebecca Keats
  • uploads///GS Trading activities
    Earnings Report

    Factors That Will Drive Goldman Sachs’ Earnings in 2016

    Goldman Sachs derives 16% of its revenues from the investing and lending business. So far, 2016 has been a rough year for the financial sector.

    By Rebecca Keats
  • uploads///Quarterly income
    Company & Industry Overviews

    Did Banks’ Earnings Grow in 4Q15?

    The Federal Deposit Insurance Corporation’s quarterly report on the health of the US banking industry said that 4Q15 bank earnings rose 11.9% year-over-year.

    By Rebecca Keats
  • uploads///WFC energy exposure
    Earnings Report

    Why Wells Fargo’s Energy Loan Losses Could Rise in 2Q16

    At Wells Fargo’s investor day presentation, chief financial officer John Shrewsberry warned investors of more losses on energy-related loans.

    By Rebecca Keats
  • uploads///Fundflows XLF
    Macroeconomic Analysis

    Fund Flows to XLF Have Been Declining

    Exchange-traded fund investors added almost $552.6 million on average to the Financial Select Sector SPDR ETF (XLF) in the last quarter. During the week ending September 25, the ETF witnessed outflows of $318.3 million.

    By Rebecca Keats
  • uploads///CITI HOLDINGS
    Earnings Report

    Is Citigroup’s Restructuring Exercise Benefiting the Company?

    Citigroup’s CEO, Michael Corbat, continued his efforts to try to slim down the company’s operations and clean up its balance sheet in the second quarter.

    By Rebecca Keats
  • uploads///JPM revenues est
    Earnings Report

    Can JPMorgan Beat Analysts Estimates in 2Q16?

    In the past few quarters, JPMorgan has posted better-than-expected earnings and has topped revenue estimates.

    By Rebecca Keats
  • uploads///WFC DY
    Earnings Report

    How Wells Fargo Creates Value for Shareholders

    Wells Fargo has consistently performed well in stress tests. This performance has let the company increase its dividends annually.

    By Rebecca Keats
  • uploads///WFC Margins
    Earnings Report

    What Impacted Wells Fargo’s First Quarter Earnings?

    Wells Fargo’s first quarter earnings surpassed expectations but fell 5% YoY (year-over-year). The net interest income increased by 6% to $11.7 billion.

    By Rebecca Keats
  • uploads///Efficiency ratio citi
    Earnings Report

    Citigroup’s Focus on Efficiency Could Boost Its Profitability

    Citigroup’s 2Q15 efficiency ratio was 56% and was 66% in 3Q14. The bank has focused on efficiency through cost controls and exiting low-return segments that led to a lower efficiency ratio.

    By Rebecca Keats
  • uploads///WFC Dividends
    Earnings Report

    Will Dividends Please Wells Fargo’s Investors Worried about Scandals?

    In June, the Federal Reserve approved Wells Fargo’s (WFC) capital plans after it found that the bank could keep lending in a severe economic downturn.

    By Rebecca Keats
  • uploads///JPM Ratings
    Company & Industry Overviews

    What Do Analysts Recommend for JPMorgan Chase and Wells Fargo?

    In a Bloomberg survey of 37 analysts, 19 analysts (51%) have assigned a “buy” rating to Wells Fargo (WFC) while 13 (35%) have rated it as “hold.” The stock currently has five “sell” ratings.

    By Rebecca Keats
  • uploads///BAC dividends
    Earnings Report

    How Did Bank of America Perform on 2016 Stress Tests?

    Bank of America boosted its dividends by 50% to $0.075 after it cleared the Fed’s 2016 stress tests.

    By Rebecca Keats
  • uploads///PBV Banks
    Earnings Report

    Does Citigroup Look Attractive at Its Current Valuations?

    Currently, Citigroup trades at a discount of 40% to its book value. It trades cheaper than peers such as JPMorgan Chase, Wells Fargo, and Goldman Sachs.

    By Rebecca Keats
  • uploads///EWZ
    Fund Managers

    Institutional Asset Managers Liquidate Exposure to Brazil ETFs

    The 13F filings of major institutional asset managers for the second quarter of 2015 offer a gloomy picture for Brazil.

    By Rebecca Keats
  • uploads///JPM EPS
    Earnings Report

    JPMorgan Chase Gained 4% after Its 1Q16 Earnings: Was It That Good?

    On April 13, JPMorgan Chase reported 1Q16 earnings of $1.35 per share. It beat consensus estimates of $1.28. Its shares rallied 4.2% after the earnings beat.

    By Rebecca Keats
  • uploads///Fed funds rate
    Macroeconomic Analysis

    Did the Fed Really Hint About a Negative Interest Rate?

    A negative interest rate policy (or NIRP) may still be a far-fetched idea in the United States, but the Federal Reserve wants banks to prepare for it.

    By Rebecca Keats
  • uploads///MA KIE
    Macroeconomic Analysis

    KIE Crossed over Its Moving Averages on November 16, Trending Up

    On November 23, shares of KIE closed at $72.38, above its 100-day, 50-day, and 20-day moving averages of $70.07, $70.06, and $71.73, respectively.

    By Rebecca Keats
  • uploads///MA XLF
    Miscellaneous

    XLF May Cross Its 100-Day Moving Average: Is It Time to Buy?

    The Financial Select Sector SPDR ETF (XLF) attracts the most attention among financial ETFs in the US. 87% of the fund is composed of large-cap stocks.

    By Rebecca Keats
  • uploads///EU exposure
    Macroeconomic Analysis

    Banks That Look Riskier in the Brexit Aftermath

    Banks with significant exposure to the United Kingdom and the European Union are the riskiest investments in a post-Brexit environment.

    By Rebecca Keats
  • uploads///Portfolio
    Miscellaneous

    Ventas Completes Spin-Off of Care Capital Properties

    Ventas’s spin-off Care Capital Properties (CCP) will issue 84 million shares ($30 to $34 per share) and expects to raise around $2.7 billion.

    By Rebecca Keats
  • uploads///MS Trading revenues
    Earnings Report

    Morgan Stanley’s Expense Cuts Are Key Part of Recovery

    Morgan Stanley’s 2Q16 earnings beat analysts’ estimates, as the bank reported considerably lower legal expenses.

    By Rebecca Keats
  • uploads///XLF MA
    Company & Industry Overviews

    Financial ETF XLF Traded below Its Moving Averages on December 11

    This series analyzes investors’ sentiments toward the financial sector in the major global regions: the United States, Europe, China, Japan, and the Emerging Market economies.

    By Rebecca Keats
  • uploads///MA EUFN
    Company & Industry Overviews

    EUFN Is Trending Downwards on Global Growth Worries

    The iShares MSCI Europe Financial Sector ETF (EUFN) seeks to track the performance of an index composed of developed market European (FEZ) equities in the financials sector.

    By Rebecca Keats
  • uploads///Brazil
    Macroeconomic Analysis

    Why Latin American Economies May Be in Trouble

    Worsening economic conditions in Brazil and Venezuela hit economic growth in Latin America in the first quarter of 2015.

    By Rebecca Keats
  • uploads///AT coupons
    Company & Industry Overviews

    Why Are Deutsche Bank Investors So Concerned About AT1 Coupons?

    Shares of Deutsche Bank (DB) have fallen nearly 10% in the last three trading sessions. Efforts to reassure investors about its ability to pay coupons on its AT1 bonds were in vain.

    By Rebecca Keats
  • uploads///IFS Segment
    Company & Industry Overviews

    Inside FIS’s Integrated Financial Solutions Segment

    FIS’s Integrated Financial Solutions segment caters to North American banks and is the largest contributor to the company’s total revenues (~60%).

    By Rebecca Keats
  • uploads///JPM vs BAC stock perf
    Company & Industry Overviews

    Why Deutsche Bank Prefers Bank of America over J.P. Morgan

    In this series, we’ll compare Bank of America and J.P. Morgan on the basis of their 2Q earnings, profitability, cost-cutting initiatives, and interest rate sensitivities.

    By Rebecca Keats
  • uploads///WFC energy exposure
    Company & Industry Overviews

    How Does Wells Fargo Compare on Energy Exposure?

    Wells Fargo (WFC) seems secure when it comes to risks arising from energy-related loans. Wells Fargo’s energy loan portfolio of $17.8 billion made up 1.7% of the total loan portfolio in 1Q16.

    By Rebecca Keats
  • uploads///JPM Ratings
    Company & Industry Overviews

    Why Analysts Think Bank of America Is a Better Bet Than JPMorgan

    Financial stocks have been rising after a better-than-expected 2Q16. Despite this, Citigroup has downgraded JPMorgan Chase to a “neutral” from a “buy.”

    By Rebecca Keats
  • uploads///KRE MA
    Miscellaneous

    The KRE ETF Is Trending Downward since December 28

    The SPDR S&P Regional Banking ETF (KRE) targets US regional banks. It seeks to track the performance of the S&P Regional Banks Select Industry Index.

    By Rebecca Keats
  • uploads///DXJF MA
    Company & Industry Overviews

    DXJF Is in a Bearish Trend

    On December 11, 2015, DXJF closed at $25.57. This was below its 100-day, 50-day, and 20-day moving averages of $27.71, $27.39, and $27.47, respectively.

    By Rebecca Keats
  • uploads///NIM Banks
    Company & Industry Overviews

    Banks Relying Heavily on Interest-Related Income Suffered

    In the third quarter, banks that relied heavily on interest-based income suffered, reporting record-low net interest margins.

    By Rebecca Keats
  • uploads///Citi profitability
    Earnings Report

    Citigroup’s Profitability Boosted by Lower Expenses

    In terms of profitability, Citigroup’s return on equity (ROE) fell to 8.0% from 9.1% in the previous quarter but rose sharply from the 5.3% reported in 3Q14. Return on assets fell to 0.9% from 1.1% in 2Q15.

    By Rebecca Keats
  • uploads///MA XLF
    Company & Industry Overviews

    XLF Is above Its 20-Day Moving Average: Is This a Bullish Sign?

    On February 19, the Financial Select Sector SPDR ETF (XLF) closed at $20.98. This is 10% and 6% below its 100-day and 50-day moving averages, respectively.

    By Rebecca Keats
  • uploads///GS segments
    Earnings Report

    Understanding Goldman Sachs’s Segmental Earnings

    Goldman Sachs ranked first in worldwide announced and completed mergers and acquisitions so far in 2015.

    By Rebecca Keats
  • uploads///cacddadaddddffbcbfaa
    Macroeconomic Analysis

    Bulls and Bears Make Money, But Do PIIGS or PIIS Get Slaughtered?

    The troubled PIIGS countries—Portugal, Italy, Ireland, Greece, and Spain—have been suffering from financial sustainability concerns about large fiscal deficits and stagnated growth.

    By Rebecca Keats
  • uploads///MA DXJF
    Company & Industry Overviews

    Japanese Financial ETF DXJF Is in a Bearish Trend in 2016

    The WisdomTree Japan Hedged Financials (DXJF) seeks to provide exposure to the Japanese financial sector.

    By Rebecca Keats
  • uploads///dbfebfadfbe
    Company & Industry Overviews

    REITs Are Overvalued on a Price-to-Book Basis

    REITs are the most overvalued sector in XLF on a price-to-book multiple basis. On average, REITs traded at a price-to-book multiple of 3.57x as of Monday, July 6.

    By Rebecca Keats
  • uploads///Banks
    Company & Industry Overviews

    An Introduction to Brazil’s Largest Banks, Latin America’s Biggest

    Since the ’80s and ’90s, Latin American banks have stabilized. Today, the largest banks in Latin America are concentrated in two countries: Brazil and Mexico.

    By Rebecca Keats
  • uploads///BAC Interest income
    Company & Industry Overviews

    Bank of America and Wells Fargo: Comparing Interest Rate Exposure

    Since Donald Trump’s presidential victory, Wall Street analysts have raised their forecasts for the major banks’ (XLF) net interest margins as they anticipate rising interest rates and economic growth.

    By Rebecca Keats
  • uploads///FISV revenues
    Earnings Report

    What Drove Fiserv’s 4Q16 Earnings Growth?

    Fiserv’s 4Q16 net income of $215 million was 14% higher YoY.

    By Rebecca Keats
  • uploads///WFC Loan growth
    Company & Industry Overviews

    Wells Fargo’s Loan Growth Outpaces Bank of America and Peers

    Wells Fargo (WFC) has the largest loan portfolio in the financial sector (XLF), anchored by its mortgage portfolio.

    By Rebecca Keats
  • uploads///DB trading revenues
    Earnings Report

    Why Deutsche Bank’s Trading Revenues Plunged in 2Q16

    Revenues from Deutsche Bank’s Corporate and Investment banking unit fell by 12% in 2Q16. Revenues from its Global Markets business fell by 28%.

    By Rebecca Keats
  • uploads///bfdcdafbccffffdabdd
    Earnings Report

    Goldman Sachs Is Down 15%: What Will 1Q16 Earnings Have to Offer?

    Analysts expect Goldman Sachs to post 1Q16 EPS of $2.48, which is 45% lower than the corresponding period last year.

    By Rebecca Keats
  • uploads///acfffdedfdcfcebbdfcfbedd
    Miscellaneous

    ECB Extends Bond-Buying Program: How Did European Banks React?

    Last week, the ECB reduced the key interest rate by 10 basis points to -0.4% and announced plans to increase the monetary stimulus program to 80 billion euros starting in April.

    By Rebecca Keats
  • uploads///BAC vs Citi perf
    Company & Industry Overviews

    Citigroup or Bank of America: Which Is a Better Buy?

    Citigroup and Bank of America have recovered well from the financial crisis. They have generated steady profits in the last few years and have strengthened their capital.

    By Rebecca Keats
  • uploads///GS NI
    Earnings Report

    What Wall Street Analysts Expect from Goldman Sachs’s Earnings

    Goldman Sachs’s earnings per share (or EPS) is expected to be $5.12 for the quarter, higher than the $1.98 reported in 2Q15 and the $4.69 reported in 3Q14.

    By Rebecca Keats
  • uploads///MS Dividends
    Company & Industry Overviews

    Morgan Stanley: Can Dividend Hikes Woo Investors in 3Q16?

    Morgan Stanley boosted its dividends by 33% to $0.20 after it received conditional approval from the Fed’s 2016 stress tests in June.

    By Rebecca Keats
  • uploads///BAC Revenues
    Company & Industry Overviews

    Wall Street’s Estimates for Bank of America’s 3Q16

    Investors on Wall Street (SPY) eagerly await earnings releases from the financial sector, as it serves as a barometer for economic health.

    By Rebecca Keats
  • uploads///Citi efficiency ratio
    Earnings Report

    What to Expect from Citigroup’s Expenses and Credit in 1Q16

    Citigroup’s CFO expects core expenses in Citicorp to be flat in 1Q16 over 4Q15, and its repositioning reserve of $400 million will be higher than expected.

    By Rebecca Keats
  • uploads///XLF MA
    Company & Industry Overviews

    XLF Traded in Bear Country All Last Week

    The largest financial ETF, XLF well represents the entire financial sector because it invests in banks, insurance, asset management companies, and REITs.

    By Rebecca Keats
  • uploads///P
    Company & Industry Overviews

    2Q15 Was a Record Quarter for Bank Earnings

    The 6,348 banks in the US earned aggregate earnings of $43 billion in the second quarter, an increase of 7.3% from the previous year.

    By Rebecca Keats
  • uploads///trading revenues JPM
    Earnings Report

    Trading Revenues Weigh Down on J.P. Morgan’s Earnings

    J.P. Morgan said trading revenues fell 15% during the quarter to $4.3 billion and were also lower than the $5.1 billion recorded during the same period last year. A $2.2 billion tax benefit helped the bank report a 22% increase in third-quarter profits.

    By Rebecca Keats
  • uploads///china flows
    Macroeconomic Analysis

    Investors Have Chosen to Stay Away from China ETFs

    Since July, investors have withdrawn $639 million from the iShares China Large-Cap ETF (FXI).

    By Rebecca Keats
  • uploads///JPM segments
    Earnings Report

    How Were JPMorgan Chase’s 1Q16 Earnings?

    JPMorgan Chase’s 1Q16 earnings beat investors’ expectations. Loan growth and credit quality improved despite weakness from the investment banking business.

    By Rebecca Keats
  • uploads///BAC energy exposure
    Company & Industry Overviews

    Bank of America and Wells Fargo: Comparing Energy Exposure

    Wells Fargo (WFC) seems fairly secure with respect to risks arising from energy-related loans, as its $14.8 billion energy loan portfolio comprises ~1% of its total loan portfolio.

    By Rebecca Keats
  • uploads///WFC Buffet stake
    Company & Industry Overviews

    Why Warren Buffett Still Loves Wells Fargo

    Warren Buffett, Wells Fargo’s (WFC) largest shareholder, still holds the view that Wells Fargo is a “great bank.” He has not sold any of his WFC stock.

    By Rebecca Keats
  • uploads///FISV EPS
    Earnings Report

    Fiserv’s 4Q16 High-Flying Earnings

    Fiserv reported adjusted earnings of $1.16 per share for 4Q16—21% higher YoY.

    By Rebecca Keats
  • uploads///FIS Dividends
    Company & Industry Overviews

    FIS Increased Quarterly Dividends 12% to $0.29

    For 4Q16, FIS announced dividends of $0.29 per share, which is 12.0% higher on a year-over-year basis.

    By Rebecca Keats
  • uploads///DB PBV
    Earnings Report

    Do Distressed Valuations Mean It’s a Good Time to Buy Deutsche Bank?

    Deutsche Bank’s shares are currently trading at distressed valuations.

    By Rebecca Keats
  • uploads///DB dividends
    Earnings Report

    Why Deutsche Bank Scrapped Dividends in 2016

    Germany-based Deutsche Bank (DB) announced plans to cut dividend payments for 2015 and 2016 as part of its plans to strengthen the bank’s capital.

    By Rebecca Keats
  • uploads///DB Revenues
    Earnings Report

    Why Deutsche Bank Closed 2016 with Losses

    Deutsche Bank (DB) reported its fourth quarter earnings on February 2, 2017. The distressed bank reported 4Q16 losses of 1.9 billion euros, which missed analysts’ forecasts.

    By Rebecca Keats
  • uploads///BAC outlook
    Company & Industry Overviews

    What Are Bank of America’s 2017 Growth Drivers?

    Bank of America’s CEO has repeatedly discussed the importance of cost controls and how such measures could significantly boost BAC’s earnings over the next few years.

    By Rebecca Keats
  • uploads///FISV revenues vs est
    Earnings Report

    What Do Analysts Expect from Fiserv’s 4Q16 Earnings?

    Fiserv (FISV) booked $5.2 billion revenues in 2015, while rival DST Systems (DST) generated $2.8 billion.

    By Rebecca Keats
  • uploads///FIS revenues
    Company & Industry Overviews

    What the SunGard Acquisition Could Bring for FIS

    In August 2015, FIS acquired SunGard for $9.1 billion, its largest acquisition to date. SunGard is expected to expand FIS’s top line by nearly 50%.

    By Rebecca Keats
  • uploads///DB strategy
    Earnings Report

    Will Deutsche Bank’s Overhaul Plan Work?

    Investors who are concerned about Deutsche Bank’s bankruptcy are looking at CEO John Cryan’s plan to restructure the company’s operations.

    By Rebecca Keats
  • uploads///DB capital ratios
    Earnings Report

    Deutsche Bank: Analyzing Its Capital Levels

    Deutsche Bank is proving to be the most dangerous bank to the global economy. It failed the Fed’s 2016 stress tests in June 2016.

    By Rebecca Keats
  • uploads///BAC EPS
    Earnings Report

    Bank of America’s 4Q16 Earnings Topped Expectations on Cost Cuts, Trading Gains

    Bank of America (BAC) declared better-than-expected 4Q16 earnings on January 13, 2017. The company reported adjusted earnings per share of $0.40, higher than analysts’ estimates of $0.38.

    By Rebecca Keats
  • uploads///Banks PBV
    Earnings Report

    Is JPMorgan Attractive at Its Current Valuations?

    JPMorgan offers an attractive combination of reasonable valuations, attractive dividend yields, and a large-scale share buyback program.

    By Rebecca Keats
  • uploads///Citi interest rate sensitivty
    Macroeconomic Analysis

    Citigroup Would Benefit Least from a Rate Hike

    A parallel increase by 100 basis points in the short-term and long-term rates would lead to a rise of $1.9 billion in Citigroup’s net interest income.

    By Rebecca Keats
  • uploads///Factors driving BAC
    Company & Industry Overviews

    What Factors Are Driving Bank of America’s Stock Price?

    Bank of America stock has risen 23% in November and has outperformed its peers. In this series, we’ll look at the key drivers behind BAC’s rally.

    By Rebecca Keats
  • uploads///Change in the Federal Funds Rate
    Macroeconomic Analysis

    Will We See a Rate Hike in December?

    Markets have turned volatile once again on speculation as to whether the Federal Reserve will raise rates during its December meeting.

    By Rebecca Keats
  • uploads///Banks PBV
    Company & Industry Overviews

    Are Wells Fargo’s Premium Valuations Unwarranted?

    Wells Fargo’s (WFC) book value has risen twice as much as JPMorgan Chase’s (JPM) and ten times as much as Bank of America’s (BAC) in the past ten years.

    By Rebecca Keats
  • uploads///DB litgation exps
    Macroeconomic Analysis

    Can Trump Save Deutsche Bank from Bankruptcy?

    Deutsche Bank could be the biggest beneficiary under Trump, having been on the brink of bankruptcy until its stock spiked nearly 20% after the election.

    By Rebecca Keats
  • uploads///JPM Ratings
    Macroeconomic Analysis

    Why Did Baird Downgrade JPMorgan Chase?

    Baird analyst David George downgraded JPMorgan Chase (JPM) to a “neutral” from an “outperform” in a research note last week ahead of the US presidential election results.

    By Rebecca Keats
  • uploads///DB PBV
    Company & Industry Overviews

    Do Distressed Valuations Offer a Good Chance to Buy Deutsche Bank?

    Deutsche Bank’s (DB) shares are currently trading at distressed valuations. The bank’s shares are trading at the steepest discount to its book value, worse than the 2008 financial crisis.

    By Rebecca Keats
  • uploads///DB capital ratios
    Company & Industry Overviews

    Deutsche Bank’s Capital Levels Struggle to Meet Regulatory Requirements

    Deutsche Bank’s stock is down nearly 40% in 2016 so far. Capital reserves are important to restore the confidence of regulators and investors.

    By Rebecca Keats
  • uploads///DB cost to income
    Company & Industry Overviews

    Will Deutsche Bank’s Cost-Cutting Measures Reap Benefits?

    Deutsche Bank’s (DB) cost-cutting measures had some positive impact on the company in 3Q16, but it still has a long way to go. During the quarter, operating expenses fell 50% to 6.5 billion euros.

    By Rebecca Keats
  • uploads///DB dividends
    Company & Industry Overviews

    Why Deutsche Bank Scrapped Its Dividends in 2016

    Germany-based Deutsche Bank (DB) cut its dividend payments for 2015 and 2016 as part of its plans to strengthen the bank’s capital.

    By Rebecca Keats
  • uploads///DB litigaion exps
    Company & Industry Overviews

    Fitch Ratings Reviews Deutsche Bank for a Downgrade

    In a worrying move for investors, Fitch Ratings put Deutsche Bank (DB) under review for a possible downgrade. The commercial credit rating agency cited challenges resulting from a sluggish business environment as the rationale for this move.

    By Rebecca Keats
  • uploads///Banks PBV
    Earnings Report

    Is Morgan Stanley a Solid Value Buy Based on Its 3Q16 Earnings?

    Morgan Stanley is currently trading at a PBV of 0.85x, which implies a discount of ~15% to its book value.

    By Rebecca Keats
  • uploads///BK EPS
    Earnings Report

    BNY Mellon’s Third Quarter Earnings Top Estimates

    Bank of New York Mellon (BK) reported 3Q earnings on October 20. The company’s adjusted earnings of $0.90 per share beat consensus estimates of $0.81 and were 22% higher year-over-year.

    By Rebecca Keats
  • uploads///MS epxs
    Earnings Report

    Chart in Focus: Inside the Progress of Morgan Stanley’s Project Streamline

    During the third quarter, Morgan Stanley’s compensation expenses rose $700 million to $4.1 billion. Overall non-interest expenses rose 4% to $6.5 billion.

    By Rebecca Keats
  • uploads///BAC dividends
    Earnings Report

    Bank of America Showers Investors with Hefty Dividend Hike

    Bank of America increased its dividends 50% to $0.075 after it cleared the Fed’s 2016 stress tests in June.

    By Rebecca Keats
  • uploads///BAC exps
    Earnings Report

    Controlling Expenses a Top Issue for BAC, but Doing So Not Easy

    Banks (XLF) have been forced to realign their cost structures in order to remain profitable while containing rising costs in a volatile and low interest rate environment.

    By Rebecca Keats
  • uploads///WFC credit card accounts
    Earnings Report

    How Bad Is the Fallout from Wells Fargo’s Fake Account Scandal?

    In September 2016, Wells Fargo (WFC) was slapped with the largest fine ever by the Consumer Financial Protection Bureau. Wells Fargo was asked to pay $185 million as a settlement with regulators and the company’s CEO, John Stump, had to step down.

    By Rebecca Keats
  • uploads///Citi branded cards
    Earnings Report

    Is Citigroup’s Costco Portfolio Acquisition Finally Paying Off?

    The Costco business drove Citi-branded cards revenues by 15% in North America.

    By Rebecca Keats
  • uploads///JPM income
    Earnings Report

    Key Takeaways from JPMorgan’s 3Q16 Earnings Call

    JPMorgan Chase’s chief financial officer, Marianne Lake, shared the bank’s outlook for its fourth-quarter results during its 3Q16 conference call.

    By Rebecca Keats
  • uploads///MS Exps
    Earnings Report

    Morgan Stanley’s ‘Project Streamline’ to Cut $1 Billion in Costs

    Morgan Stanley (MS) reported better-than-expected profits for the second quarter. Morgan Stanley’s profits were driven by cost-cutting initiatives.

    By Rebecca Keats
  • uploads///GS brexit exposure
    Earnings Report

    How Will the Brexit Vote Impact Morgan Stanley?

    Stocks and companies with significant exposure to the European Union and the United Kingdom are at greatest risk from the Brexit vote.

    By Rebecca Keats
  • uploads///MA volume
    Earnings Report

    Analyzing Morgan Stanley’s Key Earning Drivers in 2016

    Morgan Stanley is more exposed to market volatility than traditional banks like Wells Fargo and Bank of America. It operates as a pure play investment bank.

    By Rebecca Keats
  • uploads///MS EPS
    Earnings Report

    Can 3Q Earnings Boost Morgan Stanley’s Stock Price?

    Morgan Stanley (MS), the second-largest investment bank in the US, is expected to report its third quarter earnings on October 19 before the markets open.

    By Rebecca Keats
  • uploads///BAC dividends
    Company & Industry Overviews

    Will BAC’s Dividend Hike Woo Investors in 3Q16?

    Bank of America (BAC) boosted its dividend by 50% to $0.08 after it cleared the Federal Reserve’s 2016 stress tests in June.

    By Rebecca Keats
  • uploads///banks price perf
    Company & Industry Overviews

    How Has BAC’s Stock Performed in 2016?

    In 2016, so far, shares of Bank of America (BAC) have underperformed the financial sector and the broader market.

    By Rebecca Keats
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