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Time To Bet On This Brazilian Bank?

Mon, 05 Oct 2009 04:06:09 GMT

Santander Brasil is primed to benefit from opportunities in Brazil's lucrative banking market.[More...]

Non-U.S. Banks - May 13 2009 9:38AM

Wed, 13 May 2009 13:40:00 GMT

In general, we believe it is still a bit early to get involved with non-US bank stocks as the fundamental outlook remains weak -- asset quality will continue to deteriorate as individuals and companies default on loans, and revenues should continue to fall as loan growth falters and investment banking faces a dearth of new business in the face of economic slowing. Consumer job losses and sluggish business conditions are increasing worldwide, which will tend to dampen demand for credit, even assuming banks are capable of lending more. Moreover, these factors will also hurt asset quality and increase losses on the existing "good" loan portfolios, even apart from considerations of toxic assets. Combined with top-line pressure due to weakening economic conditions, non-US banks face a daunting outlook. That said, we believe that banks in stable emerging economies, such as Chile, Brazil or India, may be more attractive investments, similar to what we[More...]

Why The Upcoming Porsche Refi Could Cause A Spike In Its Risk Profile

Wed, 08 Apr 2009 16:16:00 GMT

One of the more notable market rumors from yesterday was Porsche's attempt to raise an additional €2.5 billion on top of the €10 billion it managed to scrape together in the eleventh hour at the end of March, the failure of which would have resulted in a technical default. Allegedly, the €2.5 billion will be raised at a spread of 325 over LIBOR, a far cry from the 200 bps the company had been hoping on for the entire €12.5 refi earlier on. Both the core and the add on portion of the loan contain pricing step ups to encourage refi participation and to obtain a credit rating, as well as provide[More...]

Non-US Banks - Mar 6 2009 6:46PM

Fri, 06 Mar 2009 22:40:00 GMT

As in the US, non-US bank stocks continue on a downward trend this year due to the financial problems that began in the US subprime mortgage market and spread globally to engulf many major financial institutions in most countries. The median year-to-date stock price decline for non-US banks in the Zacks universe is 27.1%, compared to a loss of 21.1% for the S&P 500. This includes median price declines for non-US banks in the Zacks universe of 47.6% in Europe, 29.7% in Asia, and 14.6% in Latin America. In response to the global financial crisis, governments have taken dramatic action to forestall the possibility of global meltdown. These rescue efforts include: Australia - guarantee of all bank deposits for three years and will guarantee all wholesale funding to Australian banks for five years Brazil - reduction in reserve[More...]

Non-US Banks - Jan 14 2009 6:27PM

Wed, 14 Jan 2009 22:21:00 GMT

As in the US, non-US bank stocks continue on a downward trend this year due to the financial problems that began in the US subprime mortgage market and spread globally to engulf many major financial institutions in most countries. The median year-to-date stock price decline for non-US bank in the Zacks universe is 2.4%, compared to a loss of 3.5% for the S&P 500. This includes median price declines for non-US banks in the Zacks universe of 6.1% in Europe, 3.9% in Asia, and 0.4% in Latin America. In response to the global financial crisis, governments have taken dramatic action to forestall the possibility of global meltdown. These rescue efforts include: Australia - guarantee of all bank deposits for three years and will guarantee all wholesale funding to Australian banks for five years Brazil - reduction in reserve requirements for[More...]

Spain's Banks Facing Challenges

Mon, 12 Jan 2009 20:54:00 GMT

In this post, we cite the following companies: Banco Bilbao Vizcaya Argentaria, S.A. (BBV) and Banco Santander Central Hispano, S.A. (STD). Today, Standard & Poor's (S&P) added Spain's AAA bond rating to CreditWatch Negative due to economic weakness, confirming our view that Spain is facing significant challenges in the months ahead. Industrial output declined 15.1% year over year in November -- the biggest fall on record -- and 5.8% through the first 11 months of 2008. Spain has been particularly hard hit due to its reliance on construction -- particularly in housing -- and credit as the driving forces of the economy for last 14 years, both of which are now slumping. Spain also reported a steep rise in the unemployment rate to 12.8% in November, a 12-year high,[More...]

If Holiday Retail Stats Don’t Have Economists Saying 'Humbug' Tuesday’s GDP Report Certainly Will

Mon, 22 Dec 2008 14:30:00 GMT

By William Patalon III Executive Editor Money Morning/The Money Map Report If it’s good enough for Wal-Mart… Looks like the discounting model pioneered by Wal-Mart Stores Inc.... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

How To Avoid Madoff Mayhem

Wed, 17 Dec 2008 18:55:00 GMT

By Martin Hutchinson Contributing Editor Money Morning Bernard Madoff, former chairman of the NASDAQ Stock Market Inc. (NDAQ), was turned into the authorities by his sons last Thursday after... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Stocks Fade, Dragged Down By Madoff scandal

Wed, 17 Dec 2008 17:11:00 GMT

Enthusiasm from yesterday's PM rally melted. It started with Asian/Australian markets last night. They rose, but only moderately & that didn't last long. The Honk Kong market ended with a 2% gain, but the others had only modest gains. In particular, they are more sensitive to the dollar & it TANKED on news of the dramatic rate cuts. The Japanese ¥ rose to 88 to the dollar (from 110 just a few months ago) & the € is up to 1.43. The Japanese economy is is export driven & the high rates for the ¥ are not going to help them pull out of a major recession. There is also the thought that the US economy may be in worse shape than thought if the Federal Reserve has to be soooo accommodating. •Dollar Falls Most Against Euro Since 1999 Debut After Fed's[More...]

Non-U.S. Banks Hammered This Year

Thu, 04 Dec 2008 13:34:00 GMT

We expect stock prices to remain volatile and susceptible to headline risk. Moreover, depreciation of many foreign currencies relative to the US$ is depressing US$ stock prices. Combined with the grim economic outlook for many economies ranging from outright recession in developed economies to slowing growth in emerging market economies, we expect share price performance to continue to weaken. As in the US, non-US bank stocks have been hammered this year due to the financial problems that began in the US subprime mortgage market and spread globally to engulf many major financial institutions in most countries. The median stock price decline for non-US bank in the Zacks' universe is 57.5% compared to a loss of 42.1% for the S&P 500. This includes median price declines for non-US banks in the Zacks' universe of 76.5% in Europe, 59.3% in Asia, and 47.0% in Latin America. In response to the global financial crisis, governments have taken dramatic action to[More...]

Mistras Group IPO set for Thursday

Tue, 06 Oct 2009 19:46:00 GMT

Engineering services company Mistras Group Inc. is set to debut its shares Thursday, following an effort that was cut short last year by the sinking economy.
A problem that may affect it this time is that it could be eclipsed by two much larger initial public offerings set for Wednesday.
Mistras is a Princeton Junction, N.J., company that provides nondestructive testing and inspection services and software for analyzing, storing and monitoring inspection data.

: iStockAnalyst.com Symbols Feed

Time To Bet On This Brazilian Bank?

Non-U.S. Banks - May 13 2009 9:38AM

Why The Upcoming Porsche Refi Could Cause A Spike In Its Risk Profile

Non-US Banks - Mar 6 2009 6:46PM

Non-US Banks - Jan 14 2009 6:27PM

Spain's Banks Facing Challenges

If Holiday Retail Stats Don’t Have Economists Saying 'Humbug' Tuesday’s GDP Report Certainly Will

How To Avoid Madoff Mayhem

Stocks Fade, Dragged Down By Madoff scandal

Non-U.S. Banks Hammered This Year

Mistras Group IPO set for Thursday

IPOs soar in 3rd quarter as market regains footing

Financial Mail, London, Midas Column

BBVA Compass Plans Banking Growth in U.S.

Large Texas bank shut down by federal regulators

Guaranty Bank shut down by regulators

Guaranty Bank shut by regulators

FINANCIAL SERVICES: Bank Brands Hold Firm As Rivals Enter Market

Banco Santander Plans to Launch IPO for Brazilian Unit

Major Gold Dealer in Hot Water With Bank Over $25 Million Tampa Home

Banco Santander (Brasil) S.A., Celebrates Listing on the NYSE

Santander Announces Commencement of Exchange Offer for Certain of the Group's Outstanding US$ Tier 1 Hybrid Securities

Gemalto Reports First Quarter 2009 Revenue

Lazard Ltd Reports First-Quarter 2009 Results

Zacks Analyst Blog Highlights: Ladish, Banco Santander Central Hispano, S.A., Dr. Reddy's Laboratories, Ltd., Tesoro Corporation and UBS AG.

Zacks Bull and Bear of the Day Highlights: Omnicom Group, Banco Santander, Principal Financial, Huntington Bank and Lennar Corp.

Labaton Sucharow LLP and Hanzman Gilbert LLP Announce A Scheduled Hearing By The United States District Court for the Southern District of Florida On Plaintiffs' Emergency Motion To Enjoin Banco Santander's Offer

Top European Banking Group Chooses Norkom Technologies

BridgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on STD, RBS, KLAC and JDSU

Zacks Bull and Bear of the Day Highlights: NTT DoCoMo, Banco Santander, Intellon, EOG Resources and Orbcomm