Global Investment Banks – UK and Europe: Q2 2022 Update Higher litigation and provisioning costs weigh on profit
04 Aug 2022|Moody's Investors Service
In Q2 2022, the seven UK and European global investment banks recorded $18 billion in aggregate pretax profit, adjusted for exceptional loss items, down 14% from Q2 2021. On a reported basis, unadjusted aggregated pretax profit was only $13 billion, down 30% from the previous year, mainly because of some large bank-specific exceptional loss items.
Global Investment and Universal Banks - US: Q2 2022 Update: Rising NIMs and capital, stable asset quality support credit amid economic uncertainty
19 Jul 2022|Moody's Investors Service
Reported profits declined, reflecting a swing to moderate reserve building. Pre-provision profitability was down less, reflecting rising net interest income and expanding net interest margins at the four universal banks. Significant rises in regulatory capital requirements drove capital retention and aggressive risk-weighted asset management at some firms.
JPMorgan Chase & Co.: As a banking ‘decathlete’ breaks the tape on Investor Day, four questions stand out from crowd for bondholders
19 May 2022|Moody's Investors Service
In the real-life stress test of 2020-21, JPM’s diversified, complete and at-scale business performed well for creditors, who may have several key questions on the bank's investor day.
Global Investment Banks – UK and Europe: Q1 2022 Update: Weaker macroeconomic forecasts, rising inflation partially offset rising revenue
05 May 2022|Moody's Investors Service
The Q1 2022 results of UK- and Europe-based global investment banks were good, despite a spike in litigation and restructuring charges and higher provisions against expected credit losses.
Global Investment and Universal Banks – US: Q1 2022 Update: Profit down as reserve release wanes, and CET1 capitalization declines in quarter
18 Apr 2022|Moody's Investors Service
All six US-based global investment and universal banks reported a sequential decline in their Common Equity Tier 1 capitalization during the first quarter. Reserve releases should be less of a driver of pretax profit for the rest of 2022 now that much of the reserve buildup during the height of the pandemic has been released.
Global Capital Markets Firms – Europe: Q4 2021 Update Macroeconomic improvements and lower credit risk drive strong profit
24 Feb 2022|Moody's Investors Service
The Q4 2021 results of Europe-based global capital markets firms were strong, primarily driven by a 74% drop in provisions against expected credit losses.
Citigroup Inc.: A tighter multiyear strategy takes shape to strengthen controls and narrow profit gap with peers
23 Feb 2022|Moody's Investors Service
Closing the profitability gap with peers will be a challenging, multiyear project for Citigroup, but the outlines of a new bondholder-friendly direction for the bank are emerging.
Global Investment Banks – US: Q4 2021 Update: Continued investment banking and asset management strength offset by lower reserve releases and higher expenses
20 Jan 2022|Moody's Investors Service
The Q4 2021 results of the US-based GIBs reflect the continuing benefit they derive from extraordinarily robust investment banking as well as the higher asset and wealth management fees.
Global Investment Banks – US: Q3 2021 Update: Benign credit conditions, diversification, and investment banking support profits
15 Oct 2021|Moody's Investors Service
The solid third quarter results of the five US-based GIBs reflect the global reach of their institutional capital markets platforms, pristine credit quality, as well as the scale and diversification of their other franchises, such as asset management.
04 Aug 2021|Moody's Investors Service
Stronger, more diverse earnings, if sustained, will buffer the more volatile results of DB's capital markets business in adverse markets and – together with the bank's meaningfully lower expense base – equip it to achieve the financial targets set out in its strategic overhaul.