Losing Altitude: American Banks  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8768 (Jan. 2012), page 69-71.
Topik: Banks; Industry-wide Conditions; Return on Equity; Management; Corporate Planning; Economic Conditions

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

By the time JPMorgan Chase finished reporting its fourth-quarter results on January 14th, any optimism about a lovely, if surprising, sign-off to a difficult year had been squashed. Its return on equity was just over 11%, and if that is how the institution widely thought to be the best managed and best balanced of the big American banks performed, the only question was how poorly the rest would fare. If there was a positive spin on the final quarter of 2011, and the overall year, it was that things were worse three years ago. No big bank, for example, went bust or seems on the verge of doing so. For all that, bank returns on equity are still too low to justify lenders' existence. The big winner in the quarter was Wells Fargo, which benefited as much from what it did not have--a big investment-banking arm--as what it did: a vast retail operation now capturing economies of scale from its crisis-enabled acquisition of Wachovia. But even its return on equity was a modest 12%.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali