Bank earnings are mixed among some of DC's largest players in the market. The surprise earnings are from two of the big four national bank players as 4th Quarter earnings for both Bank of America and Wells Fargo were higher than analysts expectations. The common theme among the larger bank players except for M&T Bank bank were the poor performance of investment trading weighing on banks' earnings for 4th quarter or the October - December reporting period for 2011. The micro examination of Bank of America, Wells Fargo, Citigroup, and M&T provide four different banking institutions with not much commonality into the direction of the industry's performance or the overall measurement of health of the entire financial services industry. The following insights are a review of each bank's overall performance for the 4th quarter. Bank of America- Earnings were reported for the 4th quarter at net profit of 1.58 billion up from the net loss of one year earlier 1.57 billion … [Read more...]
Earnings: Bank of America, Wells Fargo surges, Citigroup & M&T see declines
Bank of America: The trifecta of uncertainty in 2012
The calendar year is now January 2012, and the new year brings opportunities for opportunities of the new year and reflection of the previous year, and Bank of America is an organization where reflections of 2011 and projections of 2012 have been in progress where before the stroke of midnight on New Year's. Bank of America is an entity that could probably declare 2011 a fundamental disaster and nightmare in every sense of the word as described in a recent article on The Motley Fool. Bank of America would be an organization in the matters of logic and rationale to welcome the New Year 2012 to leave behind the old and welcome the start of a new. The operative word is new, and Bank of America is the full embodiment of "Same Script, Different Cast" where the old script is still in play but different characters to play the parts. Bank of America continues to deepen the agony of the organization in the pre-crisis script of 2008 in a post crisis world and economy. The new year … [Read more...]
