Äntligen börjar vi se en ljusning efter många veckors mörker.
Transaktioner under veckan
Köpt
1 Broadcom
4 Kindred Group
8 Morgan Stanley Group
Sålt
61 Corsair Gaming Inc
Viktiga storbanksrapporter i veckan
I veckan så har dom 6 största investmentbankerna i USA lämnat sina rapporter, och det var för det mesta glädjande sådana. Storbankerna i USA brukar ge en bra fingervisning om hur världen mår, då dessa banker har ett finger med i spelet i dom största ekonomierna runt om i världen.
Trots lönehöjningar hos storbankerna som kompensation för stress, slitage, utbrändhet osv så visar man ändå på enorm styrka beträffande vinst på sista raden.
Man upprepar också att affärerna är betydligt mer ”sticky” nuförtiden gällande asset management. Konkurrenterna har svårt att hänga med samtidigt som avståndet ökar pga teknikskiftet där många av dom mindre spelarna inte har råd & ork att hänga med dom Amerikanska jättarnas tempo.
Morgan Stanley
James P. Gorman, Chairman and Chief Executive Officer, said, “The Firm delivered another very strong quarter, with
robust revenues and improved efficiency producing an ROTCE of 20%. We had standout performance of our
integrated Investment Bank and record net new assets of $135 billion in Wealth Management. Year-to-date, our
successful integrations of E*TRADE and Eaton Vance have supported growth of $400 billion in net new client assets
across Wealth and Investment Management, bringing our total combined client assets to $6.2 trillion.”
Net revenues
Q3’21, $14,756 vs Q3’20, $11,724
Book value per share
Q3’21, $54,56 vs Q3’20, $50,67
Earnings per diluted share
Q3’21, $1,98 vs Q3’20, $1,66
Return on Equity
Q3’21, 14,5% vs Q3’20, 13,2%
JPMorgan Chase & Co
Jamie Dimon, Chairman and CEO, commented on the financial results: “JPMorgan
Chase delivered strong results as the economy continues to show good growth – despite
the dampening effect of the Delta variant and supply chain disruptions. We released
credit reserves of $2.1 billion, as the economic outlook continues to improve and our
scenarios have improved accordingly. As we have said before, however, we do not
consider these scenario-driven releases core or recurring profits. These reserve
calculations, while done extremely diligently and carefully, involve multiple, multi-year
hypothetical probability-adjusted scenarios, which may or may not occur and which
may continue to introduce quarterly volatility in our reserves. Our earnings, not
including the net reserve release and an income tax benefit, were $9.6 billion.”
Net revenues
Q3’21, $29,647 vs Q3’20, $29,255
Book value per share
Q3’21, $86,36 vs Q3’20, $79,09
Earnings per diluted share
Q3’21, $3,74 vs Q3’20, $2,92
Return on Equity
Q3’21, 18% vs Q3’20, 18%
Goldman Sachs Group
“The third quarter saw strong operating performance and an acceleration of our investment in the growth of
Goldman Sachs. We announced two strategic acquisitions in our Asset Management and Consumer businesses
which will enhance our scale and ability to drive higher, more durable returns. Looking forward, the opportunity
set continues to be attractive across all of our businesses and our focus remains on serving our clients and
executing our strategy.”
David M. Solomon, Chairman and Chief Executive Officer
Net revenues
Q3’21, $13,608 vs Q3’20, $10,781
Book value per share
Q3’21, $277,25 vs Q3’20, $228,78
Earnings per diluted share
Q3’21, $5,38 vs Q3’20, $3,37
Return on Equity
Q3’21, 22,5% vs Q3’20, 17,5%
IB INVESTOR - A Swedish Asset Manager 