About 90 percent of our revenue comes from online advertising, |
Clearly, Wells Fargo is one of the better-positioned banks. It is in growth markets, has strong asset quality and profitability metrics and its valuation appears reasonable. |
Commercial and industrial loans are growing at a double- digit pace and that's indicative of a fairly strong economy. That, coupled with stable credit quality, has been a positive for banks that focus on small and middle-market businesses. |
Despite rising rates and competitive products elsewhere, such as money market funds, Wells Fargo posted strong deposit growth. |
I give them high marks for positioning themselves for a challenging rate environment, and reducing their securities portfolio well in advance of other banks. |
In some markets we're seeing reasonably strong deposit growth and pretty much across the board, commercial and industrial, middle-market business loans are fairly robust. It's a sign the economy remains fairly strong. |
People are worried about possible net interest margin compression and credit quality deterioration, as well as slowing consumer loan growth. |
Results so far are consistent with strength in capital markets. There is significant strength overseas, and volatility in interest rates and commodities is presenting attractive opportunities for trading. |
The bankruptcy issue is a one-time situation. Commercial and industrial loan growth was fairly strong and should be the key driver of earnings growth this year for the regional banks. |
The institutional business is very competitive. If you don't have meaningful scale, it's hard to compete. |
The numbers looked good. American Express is benefiting from the longer-term trend of consumers and small businesses switching from cash and checks to credit cards. |
The question for Chuck Prince is, Can he grow the bank? |
The wind is at their back in many of their businesses. We're seeing out of the investment banks good capital markets business. |
The yield-curve flattening has certainly been challenging for banks. The winners and losers will be decided on how well they can generate revenues faster than expenses are growing. |
There are areas of weakness. It seems growth is difficult for banks, which I would attribute to a flat yield curve and higher funding costs. |