Investment Banks Kick Arse!

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Correction Should Make HSBC Cheap

Tags: HBC, The Hongkong and Shanghai Banking Corporation, Sub-Prime Mortgages
15 Aug 9:03am
Posted by tonylau
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The bank reported their interim 2007 late last week.  Amidst all the worries with sub-prime in the US, they still eased nerves after showing that their strong growth in the Commercial Banking and Corporate, Investment Banking & Markets divisions, primarily in their Asia Pacific operations overshadowed their US mortgage worries.Their announcements show that their banking arm rose by over 20% to US$3.4 billion and their investment banking and markets arm did even better by 32% to US$4.2...
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3-Against-1 for ABN; How Fancy is That?

Tags: ABN AMRO Holding N.V., Bank of America Corp., Barclays PLC, Fortis NV, The Royal Bank of Scotland Group PLC, ABN, BAC, BCS, STD
26 Apr 12:35am
Posted by tonylau
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Bank of America and Barclays thought they had it easy. Well today, the European party of three (Royal Bank of Scotland Group Plc, Santander Central Hispano SA and Fortis Bank), came out to throw $98.5 billion ($72.2 billion Euros) into Barclay's face to say, we're not letting you dominate without a fight. The new pricetag on ABN Amro Holding NV now comes as the largest biggest takeover tug-a-war in in the history of banks - and 13% higher than Barclay's offer. The fight comes mostly in part of...
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So-Long ABN, You Sucked Anyways!

23 Apr 10:26pm
Posted by tonylau
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Mates, the word is out!  Barclays PLC and ABN Amro NV have both confirmed that they will merge to become the largest European bank.  In doing so, Barclays will buy-out ABN share by offering US$49.25 (GBP24.58) or 3.225 ordinary shares of the new group for each ABN share.  ABN will be no longer, and in joining Barclays, they will also sell their US subsid LaSalle Bank to the American's Bank of America for $21 billion in cash.  All in all, the total deal will be worth US$91.1...
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Morgan Stanley Does It Too

Tags: Morgan Stanley, Investment Banks, 3rd Quarter Earnings, MS
20 Sep 9:54pm
Posted by tonylau
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What did I say? Morgan Stanley exceeding everyone's dreams, with revenues back to $8 billion.  Expect the banks to do good this third quarter.  We still have the others to come, get in while you can.  Cheers!
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Lehman Well Expected

Tags: Lehman Brothers, Goldman Sachs, Investment Banks, LEH, GS
14 Sep 12:31am
Posted by tonylau
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Lehman announced third quarter performance, and pretty much like Goldman did, Lehman also beat market expectations.  True, earnings fell, but they fell less than believed, and despite the summer slow-down, Lehman earned $916 million, or $1.57 a share, compared with $879 million, or $1.47 a share a year earlier.  Everyone was thinking it to be $1.49 EPS.After Goldman reported, the expectation that Lehman would perform the same was pretty much digested into the market.  So far, Le...
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