Harry Terris | Jun 15
As with housing, different bank markets across the country have crashed and recovered at different speeds. Measured by institutions with high Texas ratios, stress has tapered quickly in states like Washington and California, but remains elevated in Georgia, Illinois and Florida.
Harry Terris | Jun 12
A year and a half after reserve releases emerged as a saving grace for bank earnings, allowance reductions accelerated early this year and accounted for perhaps 14% of the industry’s net income.
Harry Terris | Jun 01
Heavy turnover after the near-death experiences of B of A and Citi have left their boards packed with veterans of finance and government. Captains of old-line industries make up the third largest contingent among the nation’s largest banks.
Harry Terris | Jun 01
It's more than just the tax advantages that boosts returns for investors in banks classified as S corporations—they appear to be fundamentally more profitable than their C corp counterparts.
Harry Terris | May 31
Analysts anticipate stable earnings in the year ahead for large-cap banks, despite fears over Europe that have cut into share prices. Analysts have als' penciled in strong earnings growth for 2013 and 2014, though they’ve trimmed expectations for companies like JPMorgan, B of A and Citi.
Harry Terris | May 29
Delinquencies have continued to decline, pointing to chargeoff rates that could be 40 to 90 basis points lower in the third quarter than they were in the first quarter at the Big Six.
Harry Terris | May 23
If JPMorgan Chase's trading blowup raised worries about booby traps at other financial giants, it might be comforting to know that its securities portfolio is more complex — and perhaps trickier to hedge — than those of rival megabanks.
