Latest Articles
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Mortgage-Backed Securities Held By U.S. Commercial Banks Surpasses $2 Trillion: Cause For Concern?
Mortgage-backed securities (MBS) played a pivotal role in triggering the 2008 recession. And there was a notable reduction in the amount of MBS U.S. banks held on their balance sheet immediately after the downturn. But banks have been doubling do...
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Why Bank of America’s Stock Looks Undervalued
Bank of America (NYSE:BAC) is the second-largest U.S. lender after JPMorgan, and offers consumer banking, credit cards, commercial banking, investment banking, sales & trading, and wealth management services. Bank of America’s earnings for th...
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Can Bank of America’s Revenues Breach The $100-Billion Mark By 2021?
Bank of America (NYSE:BAC) is one of the leading financial institutions in the U.S. which offers consumer banking, credit cards, commercial banking, investment banking, sales & trading, and wealth management services. The end users include re...
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Bank of America’s Wealth Management Revenues Likely To Stagnate Over The Next Three Years?
Since the economic downturn, Bank of America (NYSE:BAC) has transformed itself from a traditional loans-and-deposits bank mainly relying on consumer banking to a balanced bank with a sizable wealth management and investment banking business. Tref...
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Morgan Stanley’s Wealth Management Revenues Could Reach $18.4 Billion By 2021
Morgan Stanley’s (NYSE:MS) business model is heavily dependent on its wealth management division, as it is the single largest contributor to its top line (43% of total revenues in 2018). Trefis has analyzed trends in Morgan Stanley’s Weal...
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What To Expect From Bank of America’s Q2 2019 Results
Bank of America (NYSE: BAC) will report its second quarter 2019 earnings on Wednesday, 17 th July. Consensus figures points to a 3% growth in revenues year-on-year to $23.25 billion, and a 13% increase in EPS figure to $0.71. Per Trefis, Bank of ...
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Bank of America’s Generous Capital Return Plan Indicates A Payout Ratio Exceeding 100% For 2019
Bank of America (NYSE:BAC) recently announced plans to return $37 billion to its shareholders over the next twelve months, which is in line with the investor expectations after the latest round of the Fed’s annual stress test released last week....
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How Does Goldman’s Investment Banking Business Compare With Its Peers?
Per Trefis estimates, Goldman Sachs’ (NYSE: GS) investment banking revenues (more specifically, advisory & underwriting fees) could increase from $7.9 billion in 2018 to $8.1 billion in 2021. This growth will likely be led by higher fees from...
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JPMorgan Is Expected To Rope In $100 Billion In Total Securities Trading Revenues Over The Next Five Years
Upbeat economic conditions coupled with healthy volatility-levels in global capital markets have had a positive impact on the securities trading industry over recent years, even as the largest investment banks revamped their trading desks in the ...
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FICC Trading Portfolio For Largest U.S. Investment Banks Have Grown 50% In 3 Years, And There’s More To Come
Once the single biggest revenue driver for the largest investment banks in the world, FICC (Fixed Income, Currency & Commodity) trading has lost a lot of its sheen in the wake of the economic downturn. Although it is no longer as profitable a...
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The Combined Equity Trading Portfolio of The Five Largest U.S. Investment Banks Could Reach $540 Billion In Five Years
Equity trading is a key revenue source for an investment bank, which has seen several ups and downs over the last decade. In order to understand it better, Trefis has analyzed the Equity Trading Portfolio of the 5 largest U.S. Investment Banks i...
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BofA Is Well Positioned To Report Top-Line Growth In 2019 Even If There Are No More Rate Hikes
Per Trefis estimates, Bank of America (NYSE: BAC) stock is worth $35, which is 20% higher than the current market price. Our price estimate is based on a P/E multiple of 11.8x and an EPS estimate of $2.97 for FY 2019. We have summarized our full-...
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Morgan Stanley’s Equity Underwriting Fees Fell 24% Sequentially Despite Its Higher Market Share
A spike in U.S. equity market volatility coupled with the sharp decline in value across sectors over the last quarter of 2018 had a tangible impact on equity underwriting volumes for the period, with total proceeds from IPOs and FPOs in the count...
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JPMorgan’s Q4 Debt Origination Fees Expected To Be Just Half The Figure For Q3
The debt capital market league table for full-year 2018 by Thomson Reuters showed a significant decline in total debt origination volume globally over the last quarter. This was largely expected, given strong macroeconomic headwinds from the ong...
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Poor Market Conditions Add To Deutsche Bank’s Woes As Debt Origination Fees Tank In Q4 2018
The turmoil in global markets over the fourth quarter of 2018 had a tangible impact on debt origination volumes for the seasonally slow period, with companies around the globe being reluctant to raise fresh debt capital. This resulted in total de...
