Tag: Banks

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Finance, Tech IPO

Deutsche Bank Announces Capital Raise, Previews 1Q Earnings

It has been long said that Deutsche Bank looks undercapitalized, so it was no surprise today when the bank announced plans to raise EUR 2.8 billion of fresh equity capital through private placements. It plans to issue as many as 90 million new shares, which imply an issuance price of EUR 31.11. At the same time, the bank gave a brief overview of its better-than-expected … Continue reading Deutsche Bank Announces Capital Raise, Previews 1Q Earnings

Colin PettisLeave a comment
Global Equity

BOA Maintains Solid Second Quarter Numbers

Bank of America BAC reported net income of $4 billion, or $0.32 per diluted share, for the second quarter of 2013. The results were ahead of  expectations as the pace of change was faster than expected; however, the magnitude of improvements is not likely to result in a substantial increase  fair value. That said, Bank of America’s progress is encouraging and could result in fair … Continue reading BOA Maintains Solid Second Quarter Numbers

Adam KeintzelLeave a comment
Analysis, BioTech, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

Banco Popular Reports Profit in 1Q

Spain’s Banco Popular earned EUR 104 million in the first quarter, up 4% from the year-ago quarter (and compared with a loss of EUR 2.5 billion in the trailing quarter on heavy loss provisioning). Net interest income fell 14.5% compared with the year-ago quarter as Popular, like many banks, saw continued low rates squeeze margins. EUR 194 million of gains on asset sales offset the … Continue reading Banco Popular Reports Profit in 1Q

John MeadyLeave a comment