As of January 31, 2018, Invesco Limited (IVZ) reported total assets under management (or AUM) of $972.6 billion, a 3.7% rise compared to the total AUM as of December 31, 2017.
Invesco’s (IVZ) total operating revenues stood at $1.37 billion in 4Q17 compared to $1.33 billion in 3Q17, a 2.8% rise mainly due to the favorable momentum in investment management fees.
Of the 15 analysts covering E*TRADE Financial (ETFC) in October 2017, seven analysts gave a “strong buy” rating on the stock, and four analysts gave “buy” recommendations.
Despite Basel III’s shortcomings, you must remember that it wasn’t the Basel norms that precipitated the subprime or global financial crisis. It was the people who didn’t implement the rules properly. Basel III is currently the best possible regulatory framework.
When a firm takes on very high leverage and the trade turns out to be a loss, it can wipe out a bank’s entire profits and capital very quickly—during the sub-prime crisis, the collapse of Lehman Brothers—the largest bankruptcy filing in U.S. history—was due to leveraged trading.
