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Phr3d

Phr3d
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  • Bank liquidity rules approved [View news story]
    Phillip Marlowe - if you would investigate and not remain clueless, you might not feel the need to refer to others as dumb.
    Sep 4 02:10 PM | Likes Like |Link to Comment
  • Final bank liquidity rule could sting muni market [View news story]
    Well, that is kinda' what I am getting at - the liquidity Must produce some returns, and the choices are few.. This seems rather like, "you can only invest this much in local, the no-longer approved for liquidity funds will now invest in Fed."

    I already admitted my narrow view, but this smacks of the rule-makers obliquely benefiting from their rules. I call bit<cough>shull.. and wish media pundits would ask the question, as the sector's view is being summarily ignored.
    Aug 29 01:52 AM | Likes Like |Link to Comment
  • Final bank liquidity rule could sting muni market [View news story]
    Regardless of the wisdom, banks have always been 'encouraged' to invest in their local communities, promotes synergy no matter how you slice it. Over-simplification: if the money-tree isn't vested/interested in the local economy, who Will be?
    D.C.?
    I cannot see how doing an about-face on this through re-regulation can help that synergy, or much of anything in my narrow view.
    Aug 28 03:45 PM | Likes Like |Link to Comment
  • JPMorgan, BofA to hike salaries of junior bankers [View news story]
    The trade price fall consistency in this sector is kinda' scary.. IF you watch it for only a year, days could make constant money.. not my line, though.
    Aug 22 02:13 AM | Likes Like |Link to Comment
  • JPMorgan, BofA to hike salaries of junior bankers [View news story]
    gotta love trolls..
    Aug 22 02:10 AM | Likes Like |Link to Comment
  • How Will The Housing Market Impact Wells Fargo Going Forward? [View article]
    again, if WFC is Not doing their job, your local WFC banker is where to start, if They are not up to their job -however supportive-, they have thick skins, they -should- pass you along to a superior whose voice could be heard faster.

    After that, as you know, it is a matter of the escalation reaching actual results. You and I (old timers, I reckon) can affect change, but it gets damn tiring.

    Personal experience, and I am a fan of Dick, and now John, is that they will get past this huge organizational change (again, IMHO they Have), but I see how it doesn't look that way when you face obviously sub-par reporting regarding account consolidation, among other things. I will hint knowledge that IBM must Design (and Re-design) computers for the big five to handle the instantaneous transaction numbers, and that Is a Big problem today. I will guess that your account spans multiple reports, and no one has found a way to do what the customer needs.

    I will offer that -I- believe that they are actively working on that, within the limits of available transactions-per-second. Not much good news, short term, I know.

    (at the risk of gobbledegooking, the available transactions-per-second are Severely harmed by the additional load of regulatory check/report, a value which increases monthly and makes TPS drop, overall, even when rapidly infrastructure investing in the upgrade/addition of new back-end equipment - everything that IBM offers, the five will buy, but it doesn't keep up, Additional means branching, that means consolidation becomes difficult)
    Aug 22 01:40 AM | Likes Like |Link to Comment
  • How Will The Housing Market Impact Wells Fargo Going Forward? [View article]
    My understanding is regulation change - much like the 'order of checks' change among Many others, namely that it happens automatically and a customer may complain about the automation. The fact that it crosses over to mortgage is what makes me think that is the case, and re-instating it is not (possible? legal?) available.
    I am guessing you have an idea what affect the volume of regulatory changes is having on banking computing.

    Irritating that you got no message in inbox system to alert you of the (upcoming) change, hope you let your banker know about it.
    Aug 21 03:31 PM | Likes Like |Link to Comment
  • How Will The Housing Market Impact Wells Fargo Going Forward? [View article]
    Wells cherry picked a ton of new customers during the 'windfall' of no one mortgage lending except them, that sent profits soaring and has led many to believe that they cannot survive without a perfect housing industry.

    Cross-selling all of those new customers is moving apace, and they have, IMHO, shown the ability to cover the drop in Mortgage business - they telegraphed that the drop was coming months in advance, and they improved performance in record amounts to maintain profitability - auto, cards, more. Diverse model able to capitalize, simple.

    I'm repeating myself and it is apparently useless -- if your predilection is the Other bank, more power to you, but I am humbly confused about its attraction.
    Aug 20 06:10 PM | 1 Like Like |Link to Comment
  • Wells Fargo has big plans for asset-management [View news story]
    Glad your investment advice and experience was comparatively good at uhmm.. competing banks..

    Not sure that individual phone trades is the focus of this effort, but I could be wrong - if individual support needs work, I hope they will do so, particularly if it -could- produce $1T in a decade.
    Aug 20 02:45 AM | Likes Like |Link to Comment
  • Wells Fargo: Buying Opportunity In A Good Yielding Stock [View article]
    WFC consistently met the whisper number through releases, would have been at expectation =/> 1% without them. As you stated, appropriate, but slightly misleading on that graph. The releases are effectively gone, as it was recently reported that they -may- need additional over the employee manual in court presently (mainly because the same judge ruled twice on the same question, which still has me confused).
    IMHO, I am GLAD that they are fighting the above-mentioned lawsuit, as I find it without merit - it is fundamentally based upon ASSuming a settlement from WFC in order to avoid -effectively publishing- internal employee manuals, harmful no matter how you slice it, but certainly informative to competition.

    The huge reserve release in Q1 is Still a particular irritant, as it set sights too high for 2Q, and they are paying the price for that error, in that their numbers were better across-the-board from their main competitor in Q2 (whose stock rose while WFC has declined) - I cannot imagine What they were thinking.

    Eliminating the releases -generally- just lowers the numbers across the graph, still an impressive, dip-free growth in a pretty rotten economic environment.
    The releases, incidentally, point to how very conservatively they provisioned for what nightmares the purchase of Wachovia might have been hidden/buried at such a horrible economic time and environment.

    If you look at the stock price over the 5-year, and eliminate short/day activity, you see a pretty impressive, straightish line for 2014, I'll be surprised at much over $53 eoy (historically WFC has held onto to peaks withing 12 months). If you're long, it's just another diamond-solid year (with extra benefits).

    Thank You for a Superior Analysis, Arie, best I've read!
    My uncle's name is Arie, I have forwarded this..
    Aug 13 03:19 PM | 2 Likes Like |Link to Comment
  • High-Yielding JPMorgan Needs To Yield More For Me Then I'll Consider It [View article]
    Great Summary - I think I'm becoming a fan (though your 'boilerplate' is tad tired, perhaps a paragraph-style for repetitive verbiage, so it's easy to skip? I realize a new reader needs it). 2nd half 2014 is looking flat, take heart in the security and divs and hope for a '15 weather-positive 1Q economic breakout, currently.
    Thanks!
    Jul 23 06:03 PM | Likes Like |Link to Comment
  • Is Wells Fargo Better Than Chase For Your Portfolio? [View article]
    Tom Wolfe? he retired (though if your point is the age of 2nd and 3rd tier, that is the price of near incredible longevity of WFC team -- if Dick to John is any indication, the bench is deep throughout)
    Did I miss a 2nd tier loss somewhere?
    Jul 22 09:47 PM | Likes Like |Link to Comment
  • High-Yielding Wells Fargo Is The San Antonio Spurs Of The Investing World [View article]
    For the record, Tim Sloan didn't leave WFC, he became head of Wholesale.
    agreed about deep bench, thanks for the analogy/summary - solid.
    Jul 19 11:47 AM | Likes Like |Link to Comment
  • Jamie Dimon gets $36M of options delayed due to London Whale loss [View news story]
    ayyep.. lol
    Jul 17 09:42 PM | Likes Like |Link to Comment
  • Wells Fargo Reports Another Modest Quarter [View article]
    .
    http://bit.ly/1nGoon6

    open the link in a new window and "'splainmewhy, Lucy" the sector is euphoric about the competition.. guess I'm just too narrowly focused on YoY.
    Jul 15 10:43 PM | Likes Like |Link to Comment
COMMENTS STATS
209 Comments
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