Citigroup Inc

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  • Financials

    Why high-grade debt issuance increased more than three-fold

    In the week ending August 8, weekly investment-grade bond (LQD) issuance surged by 222%, week-over-week to come in at $24.975 billion over 19 deals. Issuance was driven by refinancing older and costlier debt, acquisition related financing, share-repurchases, and other general corporate purposes.

    By Phalguni Soni
  • 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///Part
    Financials

    Must know: Stress tests and the likely timing for rate increases

    On March 26, the U.S. Fed released bank stress test results indicating which banks can increase dividend payouts and share buybacks.

    By Phalguni Soni
  • uploads///Bank payouts
    Company & Industry Overviews

    Financials Overview for the Week of June 26–30, 2017

    Major banking stocks rose after the Fed approved huge payout plans. Wells Fargo (WFC) rose 2.7% and Citigroup (C) rose 2.8%.

    By Peter Barnes
  • uploads///usd
    Macroeconomic Analysis

    US Dollar Index Fell on Weak Economic Data

    The US Dollar Index fell to 93.8 before closing on October 14. It fell due to the release of weak domestic data in the form of the PPI and retail sales.

    By David Meyer
  • Financials

    Why low inflation in the US shows that resources are being wasted

    The speech took an interesting turn when Kocherlakota questioned his audience on they should care that inflation is too low.

    By Surbhi Jain
  • 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///Analyst reco
    Company & Industry Overviews

    How Do Analysts Rate Rio Tinto?

    Citigroup (C) upgraded Rio Tinto’s (RIO) rating from “sell” to “neutral” on June 6, 2016. The broker also raised the target price for the stock from 20 pounds to 21 pounds.

    By Anuradha Garg
  • uploads///corporate and investment bank segment
    Earnings Report

    JPMorgan’s Trading Revenues Fall 7% in 2Q15

    JPMorgan’s revenues from fixed income markets declined 10% year-over-year in the second quarter of 2015. The drop excludes the impacts of one-off items.

    By Rekha Khandelwal, CFA
  • 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///stock price
    Earnings Report

    Morgan Stanley Posts Highest Profit Since 2007 in 1Q15

    Morgan Stanley (MS) reported net income of $1.18 billion, or $1.18 per diluted share, the bank’s most profitable first quarter since the 2007 financial crisis.

    By Robert Karr
  • uploads///C
    Fund Managers

    Blue Ridge Capital exits stake in Citigroup

    Citigroup posted a $3.4 billion net income, up by 8% with revenues of $19.6 billion, and the net interest margin increased to 2.91% for 3Q14.

    By Adam Rogers
  • 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///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///Bank of America Rallied Strongly Since the US Election
    Fund Managers

    What Goldman Sachs Thinks about Bank of America

    Bank of America (BAC) is currently trading at $25.26. Its 52-week high is $25.80 and 52-week low is $12.05.

    By Sarah Sands
  • 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///PIMCO sector allocation
    Macroeconomic Analysis

    Turn to Financials and Healthcare When Fears of Rate Hike Loom

    With classic safe havens providing little protection, turn to financials and healthcare sectors for opportunities. Healthcare stocks usually hold up well in the run-up to a rate hike.

    By Russ Koesterich, CFA
  • 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///Non interest expense
    Earnings Report

    Bank of America’s Continued Efficiency Maintains Margins

    Operating margins In 3Q17, Bank of America’s (BAC) non-interest expenses fell sequentially and YoY (year-over-year), reflecting strong operating efficiency. This fall was partially offset by continued investments in technology. The bank’s expenses fell to $13.1 billion in 3Q17, compared with $13.5 billion in 3Q16 and $13.7 billion in 2Q17. Commercial banks (XLF) are focusing on reducing operating spending, targeting huge investments in technology […]

    By Robert Karr
  • uploads///Total Assets All Federal Reserve Banks
    Macroeconomic Analysis

    How will the Federal Reserve go about policy normalization?

    Monetary policy normalization refers to two aspects: the federal funds rate and the Federal Reserve’s balance sheet.

    By David Ashworth
  • 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///Valuations
    Company & Industry Overviews

    Why JPMorgan and Wells Fargo Are Trading at High Multiples

    In spite of a rather weak performance, Wells Fargo (WFC) commands the highest premium due to its strong franchise, mortgage concentration, and high net interest margins.

    By Robert Karr
  • uploads///Travis Perkins versus Wolseley
    Macroeconomic Analysis

    Travis Perkins Rebounded, Led EWU by 5.09%

    Travis Perkins was at the top of the iShares MSCI United Kingdom ETF on October 23, 2015, as analysts showed positivity toward the construction industry.

    By Renee Blakely
  • uploads///
    Company & Industry Overviews

    Why Facebook Has Been in Talks with Banks Lately

    According to Reuters, Facebook (FB) is currently in discussions with banks about improving customer service through its apps.

    By Neha Gupta
  • Financials

    Why Wells Fargo leads in loans

    The bank has always focused on its bread and butter revenue-earning stream: loans. Over the years, Wells Fargo slowly realized its goal of achieving a strong market share in lending.

    By Saul Perez
  • uploads///Analysts forecasts
    Macroeconomic Analysis

    Why Goldman and Macquarie Don’t Think Iron Ore Rally Will Last

    Goldman Sachs (GS) has warned the Markets that iron ore prices will slump below $40 per ton as supply growth outpaces demand.

    By Anuradha Garg
  • 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
  • Financials

    Moore Capital lowers its stakes in JPMorgan Chase

    JPMorgan’s latest 2Q14 results beat estimates. Meanwhile, net income was down to $6 billion from $6.5 billion in 2Q13. The earnings per share (or EPS) was $1.46, compared to $1.60 in 2Q13.

    By Patricia Garner
  • 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///Return generation
    Company & Industry Overviews

    How Rate Hikes and Tax Rate Cuts Could Play Out for Bankers

    The Fed is targeting one last rate hike in December 2017 to bring the federal funds rate from 1.25% to 1.50%.

    By Robert Karr
  • uploads///price to book ratios relative to roe
    Earnings Report

    Major Litigations End, but Bank of America Faces New Challenge

    In March, the Fed issued a conditional non-objection to Bank of America’s capital plan. It must resubmit its plan and address certain weaknesses.

    By Rekha Khandelwal, CFA
  • uploads///non interest expenses
    Company & Industry Overviews

    Bank of America’s Efficiency Could Improve to 63% in 2017

    Bank of America (BAC) has put in place a strong expense control mechanism that has resulted in lower growth in operating expenses compared to revenues.

    By Robert Karr
  • 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///mobile banking
    Company & Industry Overviews

    US Banking Sector: Key Trends and Outlook

    Changes in technology have reshaped the banking sector. Banks are increasingly collaborating with fintech firms to improve their customer service.

    By Rekha Khandelwal, CFA
  • uploads///Iron ore supply
    Macroeconomic Analysis

    Roy Hill Has the Potential to Push Iron Ore Prices Further Down

    Australia’s billionaire Gina Rinehart’s $10 billion Roy Hill iron ore project expects to start shipping iron ore to world markets starting in October 2015.

    By Anuradha Garg
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Company & Industry Overviews

    Why the Bid-to-Cover Ratio Rose for 2-Year Floating Rate Notes Auction

    The US Treasury introduced two-year floating rate notes (or FRNs) in January 2014.

    By Lynn Noah
  • uploads///BlackRock
    Company & Industry Overviews

    BlackRock Shares Its Views on Fixed-Income Strategy for 2016

    BlackRock is not upbeat about fixed income in 2016. It’s more optimistic about stocks than it is about bonds, specifically European and Japanese equities.

    By David Ashworth
  • 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///ALTR
    Fund Managers

    Citadel Advisors Starts a New Position in Altera Corporation

    During 4Q14, Citadel Advisors started a new position in Altera Corporation (ALTR).

    By Diana Key
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Fund Managers

    Market Participants Make a Beeline for 2-Year Floating Rate Notes

    The US Department of the Treasury introduced two-year FRNs (floating rate notes) in January 2014. An FRN is a debt security. Its interest payment varies.

    By Lynn Noah
  • Financials

    Must-know: Is Wells Fargo making boring attractive for investors?

    Wells Fargo’s (WFC) broad operation level strategy over the long run can be described by two words—slow and steady. It doesn’t take many risks. It’s stable and boring.

    By Saul Perez
  • uploads///chart
    Macroeconomic Analysis

    PLVVX: Weak Emerging Economies Lead to Poor Performance

    The PIMCO RAE Low Volatility Plus Emerging Fund Class A (PLVVX) is an alternative mutual fund that mimics the long/short strategy to construct a portfolio with low volatility and high-income securities.

    By Ivan Kading
  • uploads///Part
    Financials

    When geopolitical risk takes precedence over interest rate risk

    The total returns on municipal debt came in at 3.32% in the first quarter of 2014, as measured by the Barclays Municipal Bond Index.

    By Phalguni Soni
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Company & Industry Overviews

    Why Overall Demand Tanked for 2-Year Floating-Rate Notes

    Overall, $13 billion worth of floating-rate notes were auctioned, the same as in February’s auction.

    By Lynn Noah
  • 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///stock market pic
    Earnings Report

    JPMorgan Chase Could Beat the Fourth-Quarter Estimates

    JPMorgan Chase (JPM) is scheduled to announce its fourth-quarter financial results on January 15.

    By Amit Singh
  • uploads///AdobeStock_
    Financials

    Morgan Stanley and Goldman have bigger bond exposure than Bank of America and Citi

    Bond underwriting exposure could be risky for investment banking departments, as interest rates begin to rise and refinancing slows.

    By Jonathan Casteleyn, CFA
  • Financials

    Must-read: Key takeaways for investors in the banking sector

    The longer term outlook for Eurozone banks does look more positive than a year ago given reasons including the substantial deleveraging, capital raising by local banks and the European Central Bank (or ECB)’s recently announced ABS purchase program.

    By Russ Koesterich, CFA
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Company & Industry Overviews

    High Discount Margin: Highest Ever for 2-Year Floating Rate Notes

    The US Department of the Treasury introduced two-year FRNs (floating rate notes) in January 2014. An FRN is a debt security. Its interest payment varies.

    By Lynn Noah
  • uploads/// Deposits
    Financials

    Wells Fargo remains number one in low-cost deposits

    Wells Fargo continues to remain a sector leader in raising low-cost deposits. It grew its noninterest deposits by nearly 7.0% compared to 4Q14.

    By Saul Perez
  • Financials

    Why Wells Fargo’s future goals will help it grow more

    Management sets the vision for an organization. Wells Fargo’s vision is large, but it’s already halfway there. Wells Fargo is the largest bank in the U.S.—by market capitalization.

    By Saul Perez
  • uploads///Performance of the Financial Sector in September
    Financials

    Will the Financial Sector Continue Its Rally Next Month?

    The financial sector has had a strong performance so far in September 2017. The Financial Select Sector SPDR Fund (XLF), which tracks the performance of the financial sector, rose nearly 4.4% on a month-to-date basis.

    By Sarah Sands
  • 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///Senior_Changes
    Materials

    Understanding the Latest Upgrades and Downgrades for Senior Gold Miners

    Along with analyst ratings, it’s important to look at the recent changes to recommendations and target prices.

    By Anuradha Garg
  • uploads/// Year Floating Rate Note Issuance Versus Bid Cover Ratio
    Macroeconomic Analysis

    Demand Nose-Dived for Two-Year Floating Rate Notes Auction

    Market demand for two-year floating rate notes in September fell sharply to 24.7% of the accepted competitive bids—its lowest mark ever—compared to 43.6% at August’s auction.

    By Lynn Noah
  • 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///Markets Plunge With Brexit Announcement But Recover By Year End
    Company & Industry Overviews

    How Have Equities Performed since the Brexit Vote?

    Investors lost confidence due to the uncertainty surrounding the vote, which led to the expectation of the other member nations’ following in the United Kingdom’s footsteps.

    By Mary Sadler
  • uploads///Part
    Financials

    Evans suggests using macroprudential tools for financial stability

    An example of macroprudential tools are bank stress tests, conducted regularly by the U.S. Federal Reserve.

    By Phalguni Soni
  • uploads///fed
    Macroeconomic Analysis

    Major Movers of the Financial Markets in the Past 20 Years: Part 2

    The global financial crisis of 2008 proved to be the major mover of the financial markets in the last 20 years. Internet companies and the banking sector took a beating.

    By David Meyer
  • 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
  • Financials

    Why low funding cost is an advantage for Wells Fargo

    If a bank is able to keep its cost of deposits low, it will have a competitive advantage. Wells Fargo has the lowest cost of deposits among its peers—despite having a very high deposit base.

    By Saul Perez
  • 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
  • Financials

    Why Wells Fargo focuses on non-interest income

    Wells Fargo wants to maintain a balance between its interest income from loans and non-interest income. Non-interest income accounts for nearly 49% of Wells Fargo’s revenues.

    By Saul Perez
  • Financials

    Why cross-selling is part of Wells Fargo’s strategy

    Wells Fargo’s (WFC) first, and possibly the most important, operational strategy is focusing on cross-selling. It’s the most important pillar of its operational strategy.

    By Saul Perez
  • uploads///buysell
    Materials

    Overview: TPG-Axon Capital Management’s 2Q14 positions

    TPG-Axon Capital Management LP is a privately owned $4 billion hedge fund firm. It was founded by Dinakar Singh in February 2005.

    By Patricia Garner
  • uploads///Price Movement in the VFINX and the JNK
    Financials

    US Stock Indexes Rally with Japan’s Stimulus and Robust Jobs Data

    The three US stock indexes that we review in this weekly series rose from July 5–12, 2016. Robust US jobs data boosted investor sentiment and eased the fear of an economic slowdown.

    By Lynn Noah
  • uploads///tim gouw bwkiap y unsplash
    Cannabis

    Get Real: Breaking Down and Bouncing Back

    In this morning’s edition of Get Real, we saw that WeWork’s layoffs are taking a toll. Meanwhile, the cannabis industry could be bouncing back.

    By Grace Nightingale
  • uploads///GE cash flows hit
    Macroeconomic Analysis

    US Industrial Sector Hit Hard by Currency Wars

    The industrial sector accounts for about 12.5% of total US GDP. It’s also a main source of demand for goods and services in other sectors of the economy.

    By Surbhi Jain
  • uploads///C Valuation
    Financials

    What Could Drive Citigroup Stock in 2019?

    Citigroup (C) reported mixed fourth-quarter results on January 14. However, the stock is trending higher.

    By Amit Singh
  • Financials

    Why Wells Fargo is leveraging technology to cut costs

    Online banking is the cheapest mode for servicing the customer in the long run. Online banking involves a one-time fixed cost. After that, the maintenance cost is very low.

    By Saul Perez
  • Financials

    Why Wells Fargo uses human resources as a strategic tool

    Wells Fargo (WFC) believes that people are a competitive advantage source. Integrating sound human resource practices lies at the core of Wells Fargo’s strategy.

    By Saul Perez
  • uploads///Median of Federal Funds Rate Projections
    Macroeconomic Analysis

    Why Goldman Sachs Says the FOMC’s March Policy Was Ultra-Dovish

    Economists Zach Pandl and Daan Struyven from Goldman Sachs believe the March 2016 monetary policy statement released by the FOMC was one of the most dovish of this century.

    By David Ashworth
  • uploads///US Bank Deposit growth
    Financials

    Low-cost deposit growth is a key strength for U.S. Bank

    U.S. Bank does well in increasing its low-cost deposit base. In 4Q14, money market deposits grew the fastest at 19.7%—compared to 4Q13.

    By Saul Perez
  • uploads///ASEAN growth
    Macroeconomic Analysis

    Understanding the Phenomenal Growth of ASEAN Nations

    The growth of the ASEAN member nations has been extraordinary, to say the least. The GDP for the region expanded at a whopping 313% between 2001 and 2013.

    By Aberdeen Asian Equities Team
  • 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///Global banking
    Company & Industry Overviews

    What’s Expected for Bank of America’s Global Banking in 2018

    Global banking’s key drivers Commercial banks (XLF) will likely see subdued credit offtake in the United States due to interest rate hikes and tax rate cuts allowing for higher operating cash flow. However, economies are buoyant, and interest rates are still lower outside the United States. Banks with global exposure could target higher consumer and commercial loans. Bank […]

    By Robert Karr
  • uploads///Loans
    Financials

    Which Bank Could Expand Its Loan Book the Fastest in 2018?

    Wells Fargo is following strict underwriting guidelines in an effort to reduce its historical provisions. It’s expected to follow this strategy into 2018.

    By Robert Karr
  • uploads///manufacturing pmi
    Macroeconomic Analysis

    Manufacturing Expands in March: A Positive Sign for Banks?

    The manufacturing PMI (purchasing managers’ index) for March released on April 1, 2015. It decreased to 51.5% from February’s reading of 52.9%.

    By Rekha Khandelwal, CFA
  • uploads///Junk Bond Yields and Price Movement in JNK
    Financials

    US Stock Indexes Almost Flat after Release of FOMC Minutes

    The three US equity stock indexes we review in this weekly series were mostly flat from August 11–18, 2016. This came after the minutes from the July 26–27 FOMC meeting.

    By Lynn Noah
  • uploads///Repurchases
    Company & Industry Overviews

    Why Citigroup Shareholder Payouts Are Now Rising

    Citigroup (C) has consistently enhanced payouts for shareholders in recent quarters as its operating performance improves.

    By Robert Karr
  • 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///Yields
    Company & Industry Overviews

    How Monetary Policy, Jackson Hole Could Impact Bank of America

    Commercial bankers (XLF) in the United States have benefited from rising net interest margins due to rising rates over the past year and a half.

    By Robert Karr
  • uploads///article
    Fund Managers

    Analyzing ITHAX’s Sector Allocation Compared to Other Funds

    ITHAX, MSIGX, and TINRX have the highest exposure to the information technology sector.

    By Seth Bennett
  • Financials

    Why personal income and outlays rose in June

    Income and spending were up, while inflation numbers were restrained at the core level. Personal income rose by 0.4% in June, matching the pace of the month before and meeting consensus expectations.

    By Surbhi Jain
  • 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///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///Return generation
    Company & Industry Overviews

    How Rate Hikes Could Impact Citigroup in 2018

    As the Fed targets higher interest rates, credit offtake could be further dampened, partially offset by the Trump administration’s push for domestic manufacturing.

    By Robert Karr
  • uploads///PayPals Active Customer Accounts
    Earnings Report

    The Future of PayPal: Interpreting 4Q16

    PayPal’s faces competition from almost all angles. But its peer-to-peer payment service, Venmo, has become a source of great hope.

    By Ruchi Gupta
  • 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
  • Financials

    Why financials are likely to benefit from rising rates

    Financials are likely to benefit from rising rates. I expect that rates are likely to moderately rise from here and continue to increase in coming years, as the U.S. economy strengthens.

    By Russ Koesterich, CFA
  • 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///ICG
    Company & Industry Overviews

    What’s Been Offsetting Citigroup’s Trading Decline?

    Citigroup (C) has managed an improved performance through investment banking, private banking, and securities services revenues.

    By Robert Karr
  • 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///Niis
    Company & Industry Overviews

    Why Wells Fargo’s Net Interest Income Could Rise in 2018

    Commercial banks (XLF) have managed to improve their net interest margins (or NIMs) across the board and offerings in 2017, as the Fed has raised rates continually in order to reverse monetary easing.

    By Robert Karr
  • Financials

    Must-know: The banking landscape

    There a large number of players that are each vying for share in the same market—there are a few large players who are present across the U.S., but most banks have pockets of strength.

    By Saul Perez
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