Latest Articles
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Bank Stocks Ended 2018 On A Bad Note, Leaving Most Of Them Quite Under-priced
The U.S. equity market started the year 2018 on a strong note, with optimism surrounding the U.S. economy in the wake of the Tax Cuts and Jobs Act fueling the rally that began in late 2017, over the first quarter of the year. While the equity mar...
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Barclays Lost The Most As Equity Underwriting Volume Remained Depressed In Q4 2018
The trend of a sharp decline in equity capital market activity over the third quarter of 2018 only got worse over the seasonally slow fourth quarter, as companies stayed away from the equity market due to growing fears of a slowdown in the U.S., ...
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Fresh Mortgage Originations In Q3 Hit A Twelve-Year High, But The Largest U.S. Banks Didn’t Benefit Much
Mortgage origination activity levels in the U.S. saw a small uptick in Q3 2018, with data compiled by the Mortgage Bankers Association showing that $457 billion in mortgages were originated in the country over the quarter – up from $452 bil...
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Can JPMorgan’s Securities Trading Revenues Cross $20 Billion For 2018?
The global securities trading industry had a noticeably weak run in the seasonally slow third quarter – something that stood out in particular given unusually elevated activity levels over the first half of the year. The primary reason for ...
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Citigroup Is The Only Bank Giving JPMorgan A Run For Its Money In FICC Trading
The third quarter of 2018 was an overall weak period for the global FICC (fixed income, currencies and commodities) trading industry, as a sequential reduction in debt market volatility, coupled with seasonally weak activity levels, led to a nota...
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Morgan Stanley Looks On Course To Post Record Equity Trading Revenues For Full-Year 2018
There was a notable reduction in capital market volatility over the third quarter of 2018 from the elevated levels seen over the first half of the year. While this hurt equity trading revenues in Q3 compared to the figures for Q1 and Q2, favorabl...
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RBS’s Removal From The List Of Global Systemically Important Banks Is Good News For Investors
Late last week, the Financial Stability Board (FSB) updated its list of global systemically important banks (G-SIBs) based on data for full-year 2017, and The Royal Bank of Scotland Group (NYSE:RBS) is no longer on this list. According to the FSB...
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How Have Credit Card Balances For The 10 Largest U.S. Card Lenders Changed Over The Last Twelve Months?
After having crossed the $1 trillion mark a year ago, the U.S. card industry has grown steadily over recent quarters after nudging lower over the seasonally weak first quarter to reach $1.04-trillion in size by the end of Q3 2018. This represents...
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Strong Growth In Q3 Card Lending Partially Mitigates Sluggish Growth Across Other Loan Categories
Loans across the U.S. banking industry continued their growth trajectory over the third quarter of the year, albeit at a slower rate compared to the previous quarter. The total portfolio of loans across U.S. banks witnessed year-on-year growth of...
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Discover Makes The Most Of Upbeat Market Conditions To Report Strong Growth In Q3 Card Purchase Volume
The six largest U.S. card issuers reported total Q3 purchase volumes of $569 billion for their retail credit cards – representing just under 61% of the total credit card purchase volume of $934 billion for the U.S. in the quarter. As has be...
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Why Has Citigroup Trailed Its Peers In Terms Of Investment Banking Fees For The Last Year?
The five largest U.S investment banks reported nearly $7.7 billion in total investment banking fees for Q3 2018 – a figure that includes their M&A advisory, equity underwriting and debt origination fees for the seasonally slow third qua...
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Weak Debt Origination Activity In Q3 Hurts Bank of America More Than Its Peers
The weakness in global debt capital markets had a notable impact on debt origination fees earned by investment banks around the globe in Q3, with Thomson Reuters estimating that total debt origination fees earned by global investment banks for t...
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Morgan Stanley Leads The Way As Five Largest U.S. Investment Banks Grab Nearly 50% Of Global Equity Underwriting Fees In Q3
Fears of an impending global trade war and several other macroeconomic trends had a negative impact on equity capital market activity over the third quarter of 2018, with companies around the globe delaying plans of IPOs or FPOs to avoid choppy m...
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Goldman’s M&A Advisory Fees For Q3 Crossed $900 Million Despite Reduction In Global M&A Activity
The five largest U.S investment banks reported over $2.5 billion in M&A advisory fees in Q3 2018 – a reduction of roughly 7% from the figure of $2.7 billion a year ago as well as in the previous quarter. The decline was largely expected...
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Strong Q3 M&A Performance Boosts Goldman’s Advisory Fees To Multi-Year High
The third quarter was an overall lukewarm period for the global M&A advisory industry, as fears of an impending trade war resulted in the total volume of deals announced for the period falling from almost $1.3 trillion in the previous quarter...
