HSBC Holdings Plc –American Result Intimates Group Miss
HSBC HOLDINGS PLC: HSBCNA reported troubling results in 4Q20 - declining 195% linked quarter, as operating costs exceed recurring revenues. This...
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HKEx (388.HK): New CEO, New Beginning
HKEX (388 HK) just announced the appointment of Mr. Nicolas Aguzin as its next CEO effective May 24. We believe Mr. Aguzin can bring diversity and...
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SMFG – High Claw Back Potential
SMFG has taken far more credit costs than its loan loss reserve rise, suggesting high write-offs and thereby, a high potential for reversals. It...
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DBS – Modeling Provisions
We have all seen how credit costs have come down for US banks. DBS can see a significant decline in credit costs, with meaningful gas and energy...
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Bank of America – Driven Entirely By Credit
BANK OF AMERICA: BAC's 4Q20 bottom-line of USD 5.2 bn increased 17.3% driven by a USD 1.3 bn reduction in provisions. NPLs increased 8.2%, as did...
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