A little summary for the 4 big banks
By Daniel at 20 January, 2010, 10:39 am
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Total loans shrinking about 3%/Q
Nonperforming assets still growing
(Note: BofA’s 90+ days nonperforming loans jumped to $16,8B from $7,6B in Q4)
Allowance for credit losses almost under non performing assets.
(Note: if we count in 90+ days assests as well, reserves are well below)
Does a recovery look like this?
Date JP Citi Wells Bofa Total %
Total loans:
09Q4 642,406 591,504 782,740 905,913 2,922,563
09Q3 665,386 622,211 799,952 930,255 3,017,804
09Q2 697,908 641,690 821,614 966,105 3,127,317
09Q1 726,959 657,292 843,579 994,121 3,221,951
Nonperfom: (% of total loans)
09Q4 19,741 33,757 27,639 35,747 116,884 4.00%
09Q3 20,362 33,644 23,451 33,825 111,282 3.69%
09Q2 17,517 29,287 18,150 30,982 95,936 3.07%
09Q1 14,654 27,391 12,612 25,632 80,289 2.49%
Reserve for losses: (% of nonperforming)
09Q4 31,602 36,033 25,031 38,687 131,353 112.38%
09Q3 30,633 36,416 24,528 37,399 128,976 115.90%
09Q2 29,072 35,940 23,481 35,777 124,270 129.53%
09Q1 27,381 31,703 22,846 31,150 113,080 140.84%
sources:
https://www.wellsfargo.com/invest_relations/earnings
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjcwNDR8Q2hpbGRJRD0tMXxUeXBlPTM
- rokakoma
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