Bank of America - Brian’s Song
Bank of America: USD 1.2 bn usage of tax loss carryforwards was the sole reason BAC’s 2Q21 results exceeded 1Q21. Net new NPLs decelerated from...
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Citigroup – Janes’ Pain
Citigroup: Citi reported a 22.0% QOQ 2Q21 bottom-line decline from negative operating jaws and weakness in Global Consumer and Institutional. Net...
146 Views
L&T Finance Holdings – Struggling To Survive
L&T Finance Holdings: LTFH reported FY 1Q22 bottom-line declined 33.3% QOQ. Results were weak across the board. LTFH's reserve is short INR 69 bn...
166 Views
JPM, WFC, DBS – Credit Costs
The story for banks now is credit cost reversals, reinstatement of dividends, and lastly resumption of loan growth. Data from some US banks may...
512 Views
Bank Sector Outpaced in 1H21, Potential for Frequent Rotations in 2H21
Bank stocks were among the strongest industries of the global stock market in 1H21, outpacing broad global benchmarks, alongside the iron and...
955 Views