Friday, July 15, 2016

Mini-interest: US banks are struggling with headwinds – Handelsblatt

Bank logos

the photomontage shows the logos of four US banks. Wells Fargo and Citibank have presented business figures today

(Photo: AP).

After JP Morgan is off to a successful start to the reporting season on Thursday, is the major competitor Wells Fargo from a similar picture. Net income fell in the second quarter compared to the same period only slightly from 5.7 to 5.6 billion dollars. Revenue rose by four per cent, but remained slightly below expectations.

The pressure on the profit margin was largely offset by significant growth in loans and customer deposits. The cost of bad credit on the other hand grew slightly – this shows that the credit cycle has passed its best point

The largest investment banks in the world

  • compared to the same period went in the first half 2016, according to Thomson Reuters revenue from investment banking IPOs, M & A advisory services and newly issued bonds and loans by more than 23 percent.

  • RBC Capital Markets

    revenue: $ 757 million

    decline: 32.6 percent

  • Wells Fargo

    revenue: 891 million US dollars

    decline: 28.9 percent

  • 8

    German bank

    revenue: $ 1.269 billion

    decline: 34.4 percent

  • “31.5″
    “8″

    credit Suisse

    revenue: $ 1.309 billion

    decline: 25.0 percent

  • Barclays

    revenue: $ 1.42 billion

    decline: 22.0 percent

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    “8″

    Citibank

    revenue: 1,420 billion

    decline: 20.3 percent

  • Morgan Stanley

    revenue: $ 2.058 billion

    decline: 26.8 percent

  • Bank of America Merrill Lynch

    revenue: $ 2.127 billion

    decline: 23.8 percent

  • Goldman Sachs

    revenue: $ 2.396 billion

    decline: 30.3 percent

  • JP Morgan

    revenue: $ 2.598 billion

    decline: 22.6 percent

    • As expected played here also the ailing oil and gas industry a role with a load of nearly 300 million. But the bank says remains of a “total solid credit quality”. The Bank has lowered the cost, partly due to lower bonuses for employees. On these points, the figures similar to that of JP Morgan. At JP Morgan still was added a good result in Capital Markets. This area plays at Wells Fargo only a subordinate role, the bank headquartered in San Francisco is the business model here rather a kind of a tremendous savings.

    Citigroup, however, shows clearly the headwind the industry by very low interest rates and a lot of uncertainty in all markets experiencing. Profit after tax in the second quarter was $ 4 billion significantly below the 4.8 billion the previous year, but still above analysts’ expectations

    At Citigroup but also the revenue fell -. To ten percent to 17.5 billion. Here, the strong dollar also played a role. Without exchange rate shifts the decline would have only six percent located at. And these percentages were alone in the special area Citi Holding, in which the Group has pooled weak loans that are considered legacy of the past.

    If you exclude the well from which revenues remained at least stable. Somewhat surprisingly, the provision for bad loans fell slightly against the industry trend overall. This trend was determined by the business with private customers, where the volume of bad loans decreased significantly, while in corporate banking, especially in the energy sector, increased.



    Do These bankers most

    • The Chairman, President and CEO of JP Morgan Chase earned last year by far the most .

      2015: $ 27.6 million

      2014: $ 20.2 million

      2013: $ 20.3 million

      source: Financial Times

    • 17 The chairman and CEO of Goldman Sachs earned last year nearly one million dollars less than, 2014.

      2015: $ 23.4 million

      2014: $ 24.3 million

      2013: $ 23.3 million

    • The CEO of Standard Chartered in London in 2015 began its field. In its content is a “Replacement Award” included

      2015:. $ 22,400,000

    • The Chairman and CEO of Morgan Stanley could be content 2014 last year not increase

      2015:. $ 21,200,000

      2014: $ 23.1 million

      2013: $ 18.2 million

    • the CEO of credit Suisse in July 2015, the Swiss Bank Chef started. In its content is a “Replacement Award” included

      2015:. $ 21,100,000

    • the Chairman, President and CEO of Wells Fargo earned in the past three years exactly the same amount

      2015:. $ 19,300,000

      2014: $ 19.3 million

      2013: $ 19.3 million

    • Even the CEO of Citigroup was 2015 increase his salary.

      2015: $ 16.5 million

      2014: $ 12.6 million

      2013: $ 14.4 million

    • “36.5″

      the Chairman, President and CEO of Bank of America could, after a decline in 2014 in the past year to increase his salary again

      2015: 16.4 dollars million

      2014: 13,5 million dollars

      2013: 14,5 million dollars

    • the CEO of Swiss UBS earned in 2015 significantly more than in previous years and lands at No. 9

      2015:. $ 14,900,000

      2014: 12, $ 2,000,000

      2013: $ 11.6 million

    • The CEO of HSBC lands on the ranking place 10. In previous years, he earned even more

      2015:. $ 11,200,000

      2014: $ 12.6 million

      2013: $ 12,600,000

    JP Morgan had published a quarterly result of € 6.2 billion dollar on a Thursday what to a friendly exchange reaction resulted. The bank thus once again proved to more profitable compared to Wells Fargo. You will still rated traditionally low in the stock market, because its result is stronger from the capital market dependent and therefore deemed to be more susceptible to fluctuations

    commented David George from research firm Baird announced on Friday to JP Morgan the Council. “At sell high rates. “In his opinion, the prospects for the industry for the coming year by the expected long-term very low interest rates are clouded.

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