By Tom Dorsey : In comparing the 6 big banks, I wanted to use metrics that would indicate future performance rather than just reporting the past quarterly reports. Which banks are in the best position to grow revenue, market share and take advantage of new opportunities? There is change coming in
loans and there's going to be a whole bunch of Americans that are underserved in the mortgage market," says Wells Fargo ( WFC +0.2% ) chief John Stumpf, warning ( in an FT interview ) the GSEs to stop being so quick to accuse banks of faulty underwriting
By Donald van Deventer : A survey done a few years ago of the interest rate risk managers for the largest U.S. and Canadian banks confirmed some common elements in their approaches to asset and liability management. First, more than 90% of the respondents used just one yield curve as the "base ...
me. Not to go off on a tangent, but that's more than we can say about General Motors (NYSE: GM ), Wells Fargo (NYSE: WFC ), Bank of America (NYSE: BAC ), JPMorgan (NYSE: JPM ), Citigroup (NYSE: C ), Goldman Sachs (NYSE: GS ) and Morgan
By Donald van Deventer : Today we rank the best value fixed rate senior corporate bond trades with daily trading volume of at least $5 million and maturities of 1 to 5 years or longer on August 22, 2014. On August 22 in the U.S. bond market, there were 14,251 bond trades in 2,751 non-call fixed ...
By Stephen Simpson, CFA : With a few exceptions like U.S. Bancorp (NYSE: USB ) and Wells Fargo (NYSE: WFC ), this hasn't been a stellar year for commercial banks. The KBW Regional Banking ETF (NYSEARCA: KRE ) is down about 4
HD so long as they are working. The recent strength in the financial XLF is due to BRK -A/B [#1 at 8.62% weight] and WFC [#2 at 8.6% weight] [ #1 owns a lot of #2 ], while the other financials [ BAC, JPM, C ] are not doing well. So
By Donald van Deventer : Kamakura Corporation projections for U.S. Treasuries and fixed rate mortgages this week show that the implied forward yields for 15-year fixed rate mortgages rise from a current effective yield of 3.317% (down 0.01% from last week) to 5.418% in 10 years, down 0.070% from ...
NEW YORK, Aug 21 (Reuters) - Wells Fargo Advisors, Wells Fargo & Company 's registered broker-dealer, said Thursday it recruited two brokers away from rival securities brokerage Morgan Stanley, where they managed nearly $350 million in client assets.
By Tom Dorsey : Goldman Sachs Group Inc. (NYSE: GS ) is one of the 6 big banks in America. The second quarter financial report was stellar and worthy of consideration to establish or increase your position in this company. The second quarter highlights that bear discussion include the net revenue