WHAT IS HAPPENING TO OUR STOCK TODAY? ANY NEWS?
17 replies (most recent on top)
It changes, just as it does everyday.
WHY ARE YOU YELLING?
Are they the same sticky deposits in the rest rooms?
Depending on how you view these results, good or bad, the impact will probably be the same. If management is happy with the results, it will be validation that their cost cutting and elimination of benefits are working out. If these results feel like a failure, management will just double down on everything they've been doing. You'd be naive to think they'd scale back some of their threats about RTO and add back some previously removed benefits, but stranger things have happened.
Most of these senior leaders have a time preference of maybe 3-4 years, then they are out.
The ship's about to hit the iceberg. Don't panic, just sneak off on a lifeboat and find a better ship. If you wait to hit the iceberg, there's no guarantee there will be lifeboats left when everyone else starts to panic.
What the heck is "distribution" which is supposed to be our superpower? Seems about a descriptive as "commercial". Do they really think investors fall for their catch phrase of the day?
@4jkm, yeah, we have sticky deposits due to our products that customers use.
We are more "commercially" competitive than State Street. We likely have a bit more leverage over our deposit base - given our suite of products. It was a good quarter. Have to give credit due where credit is due.
Anyone else listen to the earnings call and laugh out loud each time Robin claimed how important culture is?
@qqu, and yet we posted earnings of $1.03 billion for the quarter. You're a special kind of smart, boomer.
The market finally got a clue and figured it all out.
The people running this institution are incompetent!
Come on guys, get this right.
Based on my experience, the market just has us all wrong.
The margins are starting to get pretty thin here. Last I checked we were pay 20% PTI? They can probably raise fees a little bit across the board, but if you start losing big clients that subsidize some of our technology and corporate expenses (by having a large allocation), it will more than offset any progress there. The company coasted for a while on NII but clients with huge balances got smart and knew how to negotiate their terms and conditions so we won't be seeing that upside again any time soon.
The market just discovered that we don’t make $4 billion in earnings as claimed by our supposed billionaire retiree @ezzu+1nmakIq4 claims
I I heard investors became aware of the dumpster fire. The bathrooms are in Pittsburgh…..
If our operating principle is that being in the office is how sh-t gets done to meet or exceed your goals, Robin's going to have to move into the NY office on a permanent basis cause whatever the he-l he's doing now isn't working. He obviously needs to spend more time in the office.
No, it’s simply the street’s reaction to news of Roman Regelman’s new project.
It’s because of State Street. They reported today and, while they beat analysts’ estimates, NII and revenue were below forecast.