Latest Articles
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U.S. Card Charge-Off Rates Improve In Q3, Holiday Season Likely To Lead The Figure Higher In Q4
Card charge-off rates across the industry fell in Q3 2017 after remaining elevated over the first two quarters of the year, and the largest U.S. card lenders benefited from this trend to report a sequential decline in their card loan charge-offs....
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Ten Largest Card Lenders Account For More Than 70% Of The U.S. Card Industry
The U.S. card industry crossed the $1 trillion mark for the first time in Q3, as increasing penetration of credit cards in the country coupled with the overall shift towards cashless transactions helped card balances jump by a strong 5.3% over th...
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Citigroup’s Shares Edge Towards Book Value, Goldman Sees Decline In P/B Ratio
Upbeat investor sentiment has driven share prices across the U.S. banking industry at a faster rate than the overall stock market over recent quarters, but the rally has not been a smooth one for all of the largest U.S. banks. Goldman Sachs and W...
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Weak Demand For Mortgages, Commercial Loans Weighs On Overall Loan Growth In The U.S.
The demand for commercial and industrial loans in the U.S. has largely stagnated over the last four quarters – making it more difficult for U.S. banks to grow their loan portfolios even as they contend with poor mortgage activity levels ove...
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Wells Fargo, U.S. Bancorp See Rare Growth In Mortgage Servicing Portfolios
Wells Fargo joined its smaller rival U.S. Bancorp to report a sequential improvement in its total mortgage servicing portfolio for Q3 2017 – making this the first time in more than four years that two of the nation’s five largest bank...
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Improvement In Mortgage Industry Conditions Helped Largest U.S. Banks Reverse Declining Market Shares
The five largest U.S. banks originated residential mortgages worth more than $118 billion in Q3 2017 – a sequential improvement from the figure of $110 billion in the previous quarter, but well below the $139 billion in mortgages originated...
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Capital One Remains Aggressive About Auto Lending, Even As Most U.S. Banks Turn Cautious
The U.S. auto loan industry continued to witness strong growth over the third quarter, with total auto loans outstanding in the country scaling a record high of $1.1 trillion. But the spike in auto loan charge-offs since the beginning of this yea...
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Largest U.S. Banks Approach The Global Securities Trading Industry In Considerably Different Ways
Over recent years, the largest U.S. banks have chosen to respond to the stricter regulatory standards that have been in place since the economic downturn of 2008 in considerably different ways. The core goal for each bank has been to maximize sec...
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Equity Trading Revenues Declined In Q3 Due To Low U.S. Equity Market Volatility
U.S. investment banks could not fully benefit from the steady rally in the country’s equity market over the third quarter, as the rally was characterized by unusually low volatility. In fact, the CBOE Volatility Index (VIX) fell to an all-t...
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JPMorgan’s Trading Revenues In Q3 Were The Highest Among All Banks Despite Decline
The third quarter of the year was a fairly weak period for investment banks in the global securities trading industry, as there was a notable reversal in debt and currency trading activity for the period from the upbeat levels seen since Q4 2016,...
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FICC Trading Revenues At Five Largest U.S. Banks Tank In Q3 Due To Low Volatility
Banks around the globe saw their fortunes in the FICC (fixed income, currencies and commodities) trading industry decline further over the third quarter, as extremely low market volatility weighed on FICC trading revenues for the second consecuti...
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Citigroup’s Global Presence Boosts Equity Underwriting Fees Despite Poor Industry Activity
Equity underwriting fees for the five largest U.S investment banks fell sharply to $1.26 billion in Q3 2017 from an average figure of $1.6 billion over the previous two quarters, as a notable reduction in global equity capital market activity we...
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Investment Banking Fees At Largest U.S. Banks Fell In Q3 Despite Overall Industry Improvement
The five largest U.S investment banks pocketed total advisory & underwriting fees of $7.65 billion for the third quarter of the year – indicating an overall strong performance by the banks, as the average quarterly figure for these bank...
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Upbeat Debt Underwriting Activity In Q3 Gives Bank Of America A Boost
The third quarter of the year saw debt origination volumes swell further from the already elevated levels seen in the first half of 2017, and this in turn boosted debt origination fees across the industry to over $11.6 billion for the period. Thi...
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Goldman’s Strong M&A Performance In Q3 Helps Total Advisory Fees For Largest U.S. Banks Reach $2.7 Billion
The five largest U.S investment banks reported almost $2.7 billion in M&A advisory fees in Q3 2017, with Goldman contributing more than one-third of that figure. Notably, Q3 2017 was one of the best quarter in terms of advisory fees for these...
