Asset Managers

By pjain      Published July 14, 2020, 7:22 p.m. in blog Invest   

Major Asset Managers, Brokers, IBs

SCHW x too much discount broker crap

  • one of 30 most favored by hedge funds

Asset managers - getting hurt by Passive Moves, Low NMI

IB, Big Banks - ?rates\ what happens

Finance/ as steeper curve net interest margin/

x GS - lack of trust - lost international trust/clients

  • Net +19% due to tax cuts eps $6.28 exp $5.38
  • Internal selling window open, so partners would sell heavily
  • Abysmal trading performance - changed CEO > David Solomon
  • Stock-trading revenue rose by 8%to $1.79 billion, according to the statement. Fees in the bonds unit tumbled by 10% from the prior year's period to $1.31 billion.
  • Its trading performance is mediocre at best.
  • Its international corruption is coming to haunt it eg billions in Malaysian penalties
  • Worse, seen as bad, its reputation is destroyed internationally, eg the way it screwed Indonesia

  • one of 30 most favored by hedge funds

MS

Morgan Stanley

SCHW x too much discount broker crap

  • one of 30 most favored by hedge funds

BLK -5% profit,AUM/ outflows ~$-3b yoy +96b

  • The 2% growth in revenue to nearly $3.6 billion was below investors' expectations

0 comments

There are no comments yet

Add new comment

Similar posts

There are no similar posts yet.