It shows you that we are past the viscous subprime crisis, when that shark chewed through the balance sheets of a number of banks and financial institutions, in some cases devouring them whole.
November 6th, 2009 | Chris Mayer | 9 comments | ContinuedAll Posts Tagged With: "bank stocks"
Seems Everyone is Speculating on the Banks
“Public assistance enables the world’s largest 15 financial firms to return to the capitalization they had in September 2008,” the article continues. The largest of the largest, HSBC, is now judged to be worth $186 billion, according to the stock market.
September 2nd, 2009 | Bill Bonner | 2 comments | Continued
Meredith Whitney and the Buy Recommendation on Goldman Sachs
Hold that thought. Her recommendation preceded Goldman’s actual announcement on Tuesday that second quarter net earnings were up 65% to $3.44 billion. The company, like Wall Street’s very own chosen-one-boy-wizard, has once again waved its magic wand and produced something remarkable. So let’s remark on it…
July 15th, 2009 | Dan Denning | 3 comments | Continued
Bank Stress Test Not Stressful Enough
Forecasting loan losses at banks is inherently speculative. Forecasting future cash flow from existing loans is also speculative. Both estimates lie at the core of this week’s leaked (and eventually announced) stress test.
May 13th, 2009 | Dan Amoss | 0 comments | Continued
NAB Says Big Four Can’t Refinance Property Debt Without Government Help
Now we’ll find out if the 20% rally in global stocks was simply short covering and misplaced optimism, or the tentative first steps to a world-wide recovery. You know our thoughts on the matter. But the trouble with inflation is that it distorts choices and causes a man to believe that he can have more than is really possible.
April 21st, 2009 | Dan Denning | 12 comments | Continued
Traders Sell Bank Stocks Due to Goldman Sachs Surprise
What we wonder is why Goldman needed to be made whole at all if its exposure to AIG was hedged? And why did Goldman get paid US$14 billion for its securities when the market value was around $8 billion?
April 15th, 2009 | Dan Denning | 36 comments | Continued