By John M. Mason: The number one job of Brian Moynihan, Chief Executive Officer of Bank of America Corp. (BAC), is to get the past behind him. "Under Mr. Moynihan, BofA has focused on putting its large legal settlements behind it as it tries to remover litigation uncertainty for investors," writes Camilla Hall in the Financial Times. Show More Summary
Much progress has been made on overseeing the largest banks, but a good deal more must be done to toughen standards and end government subsidies, an economist writes.
By Stephen Simpson, CFA: Valuing normal banks on the basis of their returns on tangible equity, tangible book value, and long-term returns on equity usually works pretty well. For better and for worse, Bank of the Ozarks (OZRK) is not...Show More Summary
"We have been cheated by CCB," exclaimed one Chinese investor who invested 1 million yuan ($160k) in China Construction Bank's Songhuajing River No.77 Trust (which offered returns of 9.8 to 12% per annum). It appears that a 12% yielding...Show More Summary
First Republic Bank (FRC) Q1 2014 Earnings Conference Call April 16, 2014 14:00 ET Executives Dianne Snedaker - Executive Vice President and Chief Marketing Officer Jim Herbert - Chairman and Chief Executive Officer Katherine August-deWilde...Show More Summary
By Don Dion: HUGE Q1 Loss by Bank Of America With its mortgage business in decline and after paying $6 billion in legal fees and fines, Bank of America (BAC), the second biggest lender in the nation, has a huge first quarter loss. After shares plummeted 2.9% in trading, the bank reported a loss of $276 million. Show More Summary
The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would serve as an alternative to the IMF and the World Bank (which are dominated by the U.S. and the EU), according to RBTH. Show More Summary
HONG KONG — Unlike the Berlin Wall, which began with the division of post-World War II spoils, or the Israeli West Bank barrier, which divides parts of Israel and Palestine, the Shenzhen/Hong Kong fence, or “Frontier Closed Area,” has as much security power as wet tissue paper.
By Regarded Solutions: Bank of America (BAC) reported some decent numbers in today's earnings release, which obviously gives further hope for the bulls who insist this stock is very undervalued and will rocket higher in the months ahead. Show More Summary
Bank of America Corp. (BAC) Q1 2014 Earnings Conference Call April 16, 2014 08:30 AM ET Executives Lee McEntire - IR Brian Moynihan - President and CEO Bruce Thompson - CFO Analyst Betsy Graseck - Morgan Stanley Glenn Schorr - ISI Jonathan...Show More Summary
Mercenary Links April 16th: Central Bank power eroding... Fed sees strong economy ahead... Big Wealth makes a comeback... snorkelling in Antarctica, younger skin through exercise, and more.
Craft beer might not immediately spring to mind at the mention of big banks, but a brewery boom has spurred plenty of business interest in the sector. Bank of America, for instance, has a Southern California-based beverage industry group focused on wineries, breweries, distilleries, distributors and suppliers. Show More Summary
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ADTRAN, Inc. (ADTN) Q1 2014 Earnings Conference Call April 16, 2013 10:30 AM ET Executives Thomas Stanton - CEO James Matthews - SVP and CFO Analyst Amitabh Passi - UBS Investment Bank Michael Genovese - MKM Partners Tim Quillin - Stephens Inc. Show More Summary
Finish Essentials, chapter 14 "Aggregate Demand and Aggregate Supply", 15 "Fiscal Policy”. Start chapters 16 and 17: “Money, Banking, and the Federal Reserve” and “Monetary Policy” M Apr. 14: The Lesser Depression: Fiscal Austerity/Monetary...Show More Summary
By David Alton Clark: Bank of America (BAC) just sold off after reporting earnings as I predicted it would in my earnings preview article. The earnings report was mixed with quite a bit of noise in the numbers. Nonetheless, there were plenty of gold nuggets to be found. Show More Summary
The PlayStation 4 may be leading home console sales, but that doesn't mean Sony's bank account is in the black. The company has made a minor habit of garnishing its quarterly earnings reports with notable losses, and it's been selling off assets...
Oftentimes we are informed about a meeting of G7, G8, G20, IMF, Davos Economic Forum etc., but, do we really know why they were formed and what is their mission? What have they achieved? Are the common citizens benefiting from theirShow More Summary
By Wall Street Playbook: With better-than-expected results coming in from large money-center banks like Wells Fargo (WFC) and JPMorgan Chase (JPM), investors in smaller regional banks like Fifth Third Bancorp (FITB) have plenty about which to be excited. Show More Summary