BankThink

Morning Scan: S&P Negative on Wells; Morgan Stanley Profit Jumps 57%

10/19/16

Breaking News This Morning ...

Morgan Stanley beats estimates: Morgan Stanley reported a third quarter profit of $1.6 billion, or 81 cents a share, up 57% from $1.02 billion, or 48 cents a share, in the year ago period. That easily beat the median Street forecast of 63 cents. Revenue rose 15% to $8.91 billion from $7.77 billion, also beating analysts' estimates of $8.17 billion. As with its peers on Wall Street, which reported earlier, the...

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Consumers Need Protection from the CFPB

10/18/16

Recent moves by the Consumer Financial Protection Bureau, including a plan to regulate payday lending, take away what limited credit options consumers have.

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To Advance Women in Banking, Mandate Paid Family Leave

10/18/16

Many have linked the gender gap in financial services to the difficulties in balancing work pressures with family demands. To help address this, paid family leave should be compulsory in the industry.

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Morning Scan: Big Quarter for Goldman; Visa CEO Steps Down

10/18/16

Breaking News This Morning ...

Goldman's earnings soar: Goldman Sachs's third quarter earnings jumped 47% versus the year-ago period as trading revenue rose 17%. The bank earned $2.09 billion, or $4.88 a share, easily beating analysts' estimates of $3.82 a share. A year earlier it earned $1.43 billion, or $2.90 a share. Revenue rose 19% to $8.17 billion from $6.86 billion, well above Street forecasts of $7.42 billion. Return on equity climbed to 11.2%, up from...

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The Business Case for Diversity

10/17/16

The demographics of our country are changing. If businesses arenÂ't figuring out a way to change, too, they risk being left behind.

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Enough Already. Money-Market Funds Aren't Shadow Banks

10/17/16

As a result of the SEC's latest reforms, today's money-market funds are very different products than their precrisis predecessors. Calls for additional layers of burdensome regulation over this industry are unwarranted.

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Morning Scan: B of A Beats; Is Wells Doing Enough?

10/17/16

Breaking News This Morning

B of A beats: Bank of America reported earnings of $4.96 billion, or 41 cents a share, for the third quarter, compared to $4.62 billion, or 38 cents a share, in the same period of 2015. That beat analyst estimates of 34 cents a share. Revenue rose about 3% to $21.6 billion, beating Street forecasts of $20.97 billion. Receiving Wide Coverage ... ...

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Small Banks and Marketplace Lenders: Unions in Waiting

10/14/16

Community banks need profit and diversification opportunities, while marketplace lenders may find mergers to be the easiest route into the banking system.

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Community Banks to Elizabeth Warren: We Need Your Help

10/14/16

Warren's voice is powerful in criticizing big banks, but she could play a more active role in providing relief to community banks to help boost job creation.

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Morning Scan: Wells Crisis Analyzed; JPM' $6.3B Profit

10/14/16

Breaking News This Morning ...

Earnings season opens: Analysts are expecting a "downbeat" third quarter from U.S. banks, which began reporting earnings results on Friday. The combined profits for the big six banks are expected to fall about 9% to $20.1 billion compared to the same period last year, the Financial Times says. One reason is a 0.1% decline in business lending. "Although small, the contraction from the prior quarter is the first such drop in...

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