Balance sheet reduced by $120B “Year-to-date our balance sheet is down over $120 billion on a spot basis, driven by a reduction of over $100 billion of non-operating deposits across our wholesale businesses partially offset by continued growth in consumer … Continued
Gordon Smith – CEO, Consumer & Community Banking at JPMorgan Chase & Co. Broadening of economic improvements “I think, just on – it’s always little choppy because nothing is in a very straight line up in terms of improvement but … Continued
We’re excited to announce that Jeremy S., an investment analyst here in Southern California, has started to contribute to Avondale’s company notes database. Below are quotes from some of the calls that Jeremy has read this week. Netflix CEO Reed … Continued
Made $5.9 B “the Firm reported net income of $5.9 billion for the quarter and EPS of $1.45 a share and the return on tangible common equity of 14% on revenue of nearly $25 billion up 4% year-on-year reflecting strong … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha 10% growth in card … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Douglas B. Petno – … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha The credit environment remains … Continued
Bank of America’s stock is up 4% today after the company agreed to settle a lawsuit with the Justice Department for $17 B. That’s a lot of money, but really just a flesh wound for Bank of America, which has … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Ceding share in mortgages … Continued
There was an article in today’s Wall Street Journal pointing out that Wells Fargo is only $10 B in market cap away from becoming the most valuable bank ever. $WFC’s current market value exceeds $JPM by $57 B and is … Continued