Morningstar's Jaime Peters checks in on the current health and outlook for Citi, J.P. Morgan, and BofA following release of their second-quarter results.
Regulatory capital requirements, more government oversight, and fee reform will work against banks, says Davis/Selected American manager Ken Feinberg, but there are selective values.
Morningstar's Jaime Peters thinks the firm's solid fourth-quarter results potentially set the stage for two dividend increases in 2011.
Morningstar's Jaime Peters breaks down Citi and J.P. Morgan's results plus what to expect for BofA and Wells Fargo on Wednesday.
Tim Ryan, SIFMA president and CEO, resigned Tuesday after being named global head of regulatory policy and strategy at JPMorgan Chase.
Kenneth Bentsen named acting president and chief executive
JPMorgan Chase named Tim Ryan its Global Head of Regulatory Strategy and Policy. SIFMA names Kenneth Bentsen its acting chief, starting Feb. 23, and will search for a permanent successor.
The CEO's compensation for 2012 is $11.5 million, the New York-based bank said today on its website, compared with $23 million a year earlier. The 2012 sum includes a $1.5 million salary and $10 million of incentive compensation.
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