...J P MORGAN CHASE Vs. CITIGROUP TO : PROF FRANK OWARISH BY : RAYAN SEQUEIRA ZHOUXIA WANG HOMAR WRIGHT DARA SIU WAN HO TABLE OF CONTENTS EXECUTIVE SUMMARY 3 INDUSTRY BACKGROUND 4 COMPANY PROFILE 6 RATIO ANALYSIS 8 ANALYSIS OF OPERATING ACTIVITIES 9 ANALYSIS OF INVESTING ACTIVITIES 11 ANALYSIS OF FINANCING ACTIVITIES 13 COMMON SIZE ANALYSIS 19 DEBT AND EQUITY FINANCING 20 INDUSTRY STANDARDS 22 FUTURE PROSPECTS 23 CONCLUSION 26 REFERENCES 27 APPENDIX 28 Page 2 of 33 EXECUTIVE SUMMARY The financial statement analysis of JP Morgan Chase and Citigroup has been conducted and compared with each other to understand how one is performing in relation to the other. Further, the two companies are also compared against the industry standards to know their positions. Since the two companies operate in the banking industry, they have similar components in their financial statements, which facilitate better comparison of their financial health. For the purposes of the analysis, we have considered the cash flow statements, balance sheet, income statement and the notes to the 10K. Further, the ratio analysis has also been conducted to assess its financial efficiency. JP Morgan Chase used in approximately $3.752 billion cash in its operating activities while the Citigroup provided for $35.686 billion cash for its operating activities. In terms of the investing activities JP Morgan...
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...Table Of Contents Brief Company Information Brief History and Company Information----------------------------------------------------------- 2 Mission and Vision Statement------------------------------------------------------------------------3 Industry and Competitive Analysis Industry Dominant Economic Features-------------------------------------------------------------4 Porter’s Five Competitive Factors-------------------------------------------------------------------4 Key Success Factors-----------------------------------------------------------------------------------6 Driving Forces------------------------------------------------------------------------------------------8 Industry Competitors-----------------------------------------------------------------------------------9 Strategic Map-------------------------------------------------------------------------------------------10 Strategic Position Hambrick Model---------------------------------------------------------------------------------------12 SWOT Analysis----------------------------------------------------------------------------------------14 Company Competitive Strategy----------------------------------------------------------------------17 Leadership and Corporation Culture-----------------------------------------------------------------19 Company Resources and Competencies-------------------------------------------------------------21 Competitive Strength Assessment-------------------...
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...Contents EXECUTIVE SUMMARY 2 CHAPTER 1: COMPANY PROFILE 3 CHAPTER 2: ASSESSMENT OF COUNTRY FACTORS 5 Factors Affecting Balance of Trade between United States and Maldives 5 Import Controls in Maldives 7 CHAPTER 3: USING THE FOREIGN EXCHANGE MARKET 8 The Spot Market 8 Analysis of USD/MVR Cross Rate for the Last 1 Month, 3 Months and Last Year 9 CHAPTER 4: USE OF FORWARDS AND FUTURES MARKET 11 Analysis of Future Price Vs Spot Rate 12 CHAPTER 5: USING CURRENCY OPTIONS 13 CHAPTER 6: MONITORING CENTRAL BANK INTERVENTION 14 CHAPTER 7: ASSESSMENT OF SPOTS AND FORWARD RATES 16 CHAPTER 8: DETERMINING WHETHER IFE HOLDS 18 CHAPTER 9: MONITORING EXCHANGE RATE TRENDS 20 CHAPTER 10: EXPOSURES TO EXCHANGE RATE RISK 24 Analysis of the Foreign Exchange Exposures to Fashiona Jewelers 24 CHAPTER 11: FOREIGN EXCHANGE EXPOSURE HEDGING WITH FORWARD AND FUTURE CONTRACTS 26 CHAPTER 12: TRANSACTION AND ECONOMIC EXPOSURES IN THE CASE OF DOLLAR DENOMINATED RECEIVABLES 28 CHAPTER 13: SUMMARY 29 REFERENCES 30 EXECUTIVE SUMMARY Fashiona Jewelers Limited will operate as multinational operating in the United States and Maldives. The company will trade in jewellery which will be purchased in USA and sold in USA and Maldives. Currently, there exist no trade barriers restricting trade between USA and Maldives and jewellery is an import into the country. There is also continued demand for jewellery in Maldives which is driven by increasing number of tourists arriving...
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...Bear Stearns Forensic Accounting Case 1. Identify key dates concerning financial accounting and/or disclosure issues for Bear Stearns during the critical March 2008 time period before bailout by JP Morgan Chase. * March 10, 2008 The Alt-A residential mortgage-backed securities issued by a Bear Stearns affiliate was downgraded. This increased the risks of mortgage-backed securities. Two Bear Stearns hedge funds now bankrupted and were leveraged up to $60 of debt for each $1 of equity. This increased BS’ financial burden. RaboBank Group informed Bear Stearns that it would not renew a $500 million loan coming due later that week and unlikely to renew a $2 billion loan scheduled to expire the following week. BS will seek short-term debt to meet current liability so it will have more current liabilities and decrease BS’s liquidity. Bear Stearns’ shares dropped as much as 14% in the course of the day, finally closing at $62.30, and a decline of more than 11 percent. It decreased its value and might influence its goodwill. The annual cost of a 5-year Bear Stearns’ CDS ballooned more than 37% to $626,000 per $10 million. This increased BS’s expense and decreased its net income. * March 11, 2008 ING Groep NV was pulling about $500 million in financing. Adage Capital Management pulled some of its money from Bear Stearns’ prime-brokerage division. BS’ capital decreased and solvency. It might not meet its current liability needs. * March 12, 2008 Bear...
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...Downing | 5/5/2009 | | Table of Contents Subject Headings Page Nos. Grand Central Office Market 1 Grand Central Scene 1 Who/What Dominates the District 2 Grand Central Office Climate 4 District Vis a Vis Office Setting 4 Historical Analysis of Market Statistics 6 Comparative Analysis: Grand Central, Midtown & Manhattan 7 History of Land Use and Development Trends 8 Grand Central Terminal Today 11 External Market Forces 12 Government Intervention 14 Employment 15 Subject Properties 18 Lincoln Building 18 JP Morgan Chase 20 Competitive Position 21 Summary & Trends 25 Projections 26 I. Grand Central Office Market Analysis The New York City Office Market is comprised of three submarkets, Downtown, Midtown and Midtown South. The Midtown submarket in the largest Central Business District in the United States; it is the submarket that the Grand Central office market is located and upon which this analysis is based. Other neighborhoods within the Midtown submarket include: Columbus Circle, Penn Plaza/Garment District, Plaza District and Times Square (Kindly refer to Appendix Nos.1 & 2). The Grand Central office market straddles in both Community Board #5 and Community Board # 6, the planning bodies of the...
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...Bear Stearns Case * * * Key Ratios Capital Ratio: This is a measure of a bank's financial strength based on the sum of its equity capital and disclosed reserves. A Tier 1 capital ratio of 6% or greater would classify the banks as well capitalized. At the beginning of March, Bear Stearns had virtually no assets valued at level 1 which leaves their capital ratio at virtually 0. Leverage Ratio: the Tier 1 leverage ratio is calculated by dividing Tier 1 capital ratio by the firm's average total consolidated assets. The Tier 1 leverage ratio is an evaluative tool used to help determine the capital adequacy and to place constraints on how banking firm can leverage its capital base. Bear Sterns claims total assets of $140 billion dollars but because the capital ratio is so small the leverage ratio is also going to be very small. Debt to equity: Bear Stearns had a debt to equity ratio of nearly 32. Anything over 2 is generally considered a high debt to equity ratio. As all companies leverage debt, 32 is a huge ratio. Altman Z- Score: With a market cap of around $1300 and Bear Sterns had an Altman Z- Score of nearly -3.6. The Altman Z Score takes four different ratios and create a multiple that determines how likely bankruptcy is. -3.6 indicates bankruptcy is likely. Traditional Ratio Analysis: When the traditional ratios are ran, nearly all are outside the benchmark range or less than the benchmark. The traditional ratios clearly show a problemed...
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...Recession II. Financial Markets A. Domestic Markets B. Global Markets C. Mergers and Acquisitions III. Capital Structure A. Growth Opportunities B. Business Risks C. Tax Position IV. Conclusion V. Summary VI. References Abstract This paper explores the turmoil the banking industry has faced during this current economic recession focusing primarily on the Bank of America, the role they played during the recession and their focus to conquer the global market to become the largest financial institution in the world. The Bank of America is operating in over 150 countries with over 6,000 retail banking offices and over 18,000 ATMs in the United States. During this recession, the Bank of America’s ranking fell considerable and were forced to lay off over 100,000 employees. The Bank of America operates offices in more than 20 global countries including Asia, Europe, the Middle East, Africa, Latin America and Canada. A critical move for the Bank of America is investing their attention to the growth of their overseas operations. Currently, the Bank of America owns a minority stake in China Construction Bank. The Bank’s interest in growing overseas is motivated by opportunities to build market share and rival JP Morgan Chase and Citigroup who collect more than half of their investment banking fees from outside the U.S. as compared to the Bank of America which only obtains 25 % of their fees from the global market. By focusing their efforts in the global...
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...J.P.Morgan Chase & Co.” Student Name: Gangadharan Renganthan Student Id : 1229047 Table of Contents Introduction: 2 History of J.P.Morgan Chase & Co.: 3 Key Moments in J.P.Morgan Chase & Co. History: 3 Current Problems: 4 Important of the Analysis: 6 Different Approaches to dealing with the problem: 7 A change in focus for banks: 7 A change in focus for regulators: 7 Financial Summary Indicators: 8 JPMorgan Chase & Co. (JPM)-NYSE: 8 Recommendation: 9 Conclusion: 10 Reference: 10 Introduction: J.P.Morgan Chase & Co. is a financial company which is an American multinational banking corporation of securities, investments, financial, and retail. It is in the top ranking and it is world’s second largest banking in the assets. The main job of this banking is that they provide financial services for the assets. They have the assets of nearly $2,509 Trillion. They have the one of the largest hedge fund unit in the United States. They formed this hedge fund in the year of 2000. The hedge fund unit was formed at the period of the Chase Manhattan Corporation was merged with the J.P.Morgan & Co. In United States of America J.P.Morgan is one of the largest banks in the top four lists. The other top banks are Citigroup, Bank of America and Wells Fargo. According to Bloomberg, J.P.Morgan Chase & Co. is as largest as the Bank of America while comparing with the assets them holding with them. J.P.Morgan Chase & Co. is...
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...Qualifications * Substantial experience in loan processing, mortgage banking and loan support. * Knowledgeable of Fidelity System, Gateway System, Talon System, PLS, LSAMS, and FORTRACS. * Deep knowledge of real estate transactions, processes and principles. * Operational knowledge of all documentation required for loan processing. * Familiarity about lending regulations followed at state and federal level namely Reg Z and Respa. * Solid understanding of FNMA/FHLMC and industry standard guidelines. * Skilled at operating office equipment, Microsoft and computer applications. * Ability to identify and manage exceptions and omissions appropriately. * Ability to interact effectively in verbal and written medium with Bank officials, customers and outside agencies. * Strong clerical skills, organization and planning skills. Experience ADT – Billing Integrity Specialist October 2014 – Present * Review and check contracts and supporting documents. * Code and process contracts into required electronic format. * Audit on-line contracts for accuracy and completeness. * Load information onto prescribed databases. * Verified, updated and corrected source documents. Solutionstar Mortgage - Texas Taxes/Title Ops April 2013 - July 2014 * Researched property taxes on homes for delinquency and current amount. * Assigned order orders to different abstractors in Texas, for FHA, foreclosure, Bringdown, Deed in Lieu...
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...Zubair Humayun L1S09BBAM0057 Omer Yousaf L1F09BBaAM2037 Waqas Rafique L1F07BBAM2075 SECTION: A Washington Mutual ACKNOWLEDGEMENT In the name of Almighty Allah who is most Merciful, and who give us strength to accomplish honors. We take this opportunity to acknowledge our teacher’s efforts Miss Kainat Riaz without which our success would not have been possible. Also would like to pay my gratitude to the very cooperative group members Omer, Waqas and Zubair and also want to applaud our parents for their selfless efforts and cooperation. Executive Summary This report explains that what were the rise and fall of the Washington Mutual the 119 year old bank. How JP Morgan acquired this bank? How it got bankrupt? CONTENTS Acknowledgement 2 Executive Summary……………………………………………………………………………….2 History of WASHINGTON MUTUAL 4 Principle Line of Business...............................................................................................................5 Reasons of Rise of Washington Mutual…………………………………………………………...6 Reasons of fall of Washington Mutual……………………………………………………………8 Conclusion……………………………………………………………………………………….12 Recommendations…………………………………………………………………………..........13 References………………………………………………………………………………………..14 Washington Mutual Introduction of Washington Mutual Washington Mutual, Inc. is a savings bank holding company and the former owner of Washington Mutual...
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...11/28/12 Case Analysis Bank of America Mobile Banking - College Essays - Yibin2000 Log In | Essays Book Notes Citation Generator More Sign Up Search 850 000 Essays Henkel Business Challenge Create a new product or technology for a sustainable world with Henkel www.henkelchallenge.com/studentgame Savings Account Experience Great Savings with Standard Chartered Savings Account standardchartered.co.in/Savings Equity Market Read Financial News Anytime Online On Economic Times™ Official Site! EconomicTimes.Indiatimes.com Essays » Computers & Internet Case Analysis: Bank of America: Mobile Banking By yibin2000, May 2012 | 5 Pages (1,202 Words) | 677 Views| Report | Sign Up to access full essay This is a Premium essay Case Analysis: Bank of America: Mobile Banking Company Overview: Bank of America is the largest US bank founded in 1904, it has expanded through several acquisitions. By the end of 2009, Bank of America was the market leader serving 82% of the US population and over 53 million customers. They are positioned as number one in online and mobile banking. Their mobile banking services were launched in 2007 and have gained 4 million customers in less than three years. Acquisitions made by Bank of America prior to the financial crisis caused a very strong drop in their stock price. Customers: In 2009, 10 million customers used mobile banking and this is expected to grow to 37 million by 2014. Customers that use mobile banking are not the same as online...
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...STOCK VALUATION – Bank of America & JP Morgan Chase The 1997 Asian financial crisis made several economic concepts clear: (1) a nation's financial sector is a critical aspect of its macroeconomic stability; and (2) financial systems are important for maintaining order in the international financial sector. Some experts have stated that the 2014 outlook of the global economy is very positive. However, these same experts also clarified their statements, making it clear that risks are still present. There is a prognosis that there will be volatility in 2014. The implementation of financial market reform policies has been good, but these markets have not yet reached the level where reforms need to be. Therefore, a major reform in the financial sector is now necessary in all parts of the world. Haruhiko Kuroda, Bank of Japan Governor, said that the Japanese economy is doing well; this is due to the fiscal stimulus, monetary easing and structural reforms. He believes that a 2% interest rate is achievable in 2 years. He is optimistic, because the United States (US) economy will grow and Europe is recovering. That is a good sign that economies will grow and accelerate. But he also talked about the fact that there are some possible risks ahead. (Huroda, 2014) Wolfgang Schäuble, Federal Minister of Finance of Germany, stated that the euro is becoming more stable every day. He also said that the Eurozone performed much better than expected. Finally, he said that the...
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...Heisenberg’s Uncertainty Principle and its Implications for Financial Institutions Submitted in Partial Fulfilment of Master of Business Administration By KARTIK CHANDRA CHATURVEDI Batch (2013-2015) University Roll No: S133F0010 December 2014 Under the guidance of NIDHI KAICKER SCHOOL OF BUSINESS, PUBLIC POLICY AND SOCIAL ENTREPRENEURSHIP AMBEDKAR UNIVERSITY DELH PAGE 1 CERTIFICATE This is to certify that I have successfully completed the project titled Heisenberg’s Uncertainty Principle and its Implications for Financial Institutions submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration at the School of Business, Public Policy and Social Entrepreneurship, Ambedkar University Delhi. It is further certified that the submitted report is based on original research work carried out by me. The material obtained from secondary sources is duly acknowledged. [Student Signature] KARTIK ……………………………………………………………………………..CHANDRA ……………………………………………………………………………..CHATURVEDI Roll No S133F0010 Batch: 2013-15 [Dean Signature] Dean SBPPSE [Faculty Signature] Faculty Advisor PAGE 2 ACKNOWLEDGEMENT I have taken efforts in this project. However, it would not have been possible without the kind support and help of many individuals in the organization and School of Business, Public Policy and Social Entrepreneurship, Ambedkar University, Delhi. I would like to extend my sincere thanks to all of them. I am highly...
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....................................................................................... 4 History ........................................................................................................................................................... 4 The Nineteenth Century ............................................................................................................................ 4 The Twentieth Century .............................................................................................................................. 5 More Recent Times ................................................................................................................................... 6 Who’s Who List of Former Goldman Sachs Executives ................................................................................ 7 Business Segments ........................................................................................................................................ 9 Investment Banking ................................................................................................................................ 10 Financial Advisory ................................................................................................................................... 12 Underwriting ........................................................................................................................................... 12 Trading and Principal Investments.............
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...Talent Management Book Table of Contents Introduction ……………………………………………………………………………………... 1 Phase One – Company Background …………………………………………………………….. 2 Phase Two – The Position ………………………………………………………………………17 Phase Three – Sourcing the Position………………………………………………………….... 26 Phase Four – Candidate Assessment ……………………………………………………………36 Phase Five – Candidate Offer and Engagement ……………………………………………….. 49 Appendix ……………………………………………………………………………………….. 61 Reference ………………………………………………………………………………………. 64 Introduction The following talent management process will focus on the importance behind companies seeking prospect talent in order to further strengthen their companies, and their expansion. This talent management process will take the reader through a series of information containing material on how to seek, acquire, and retain potential talents. Key elements and suggestions will be used during this process in order to educate readers on the importance of companies affirming their company’s brand through the process of hiring qualified employees who through their innovations and ideas, will help the organization gain a competitive advantage. Companies must be able to determine their mission and values, as well as comprehend that in order for them to succeed, they must be willing to adapt to change. In order to retain a desirable team, organizations must determine what they can and are willing to offer to these individuals, and what they, themselves, are willing to...
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