Matthew Mccormick

Matthew Mccormick News

  • U.S. Bancorp Encroaches on BofA as Davis Seizes Market Share

    When Brian T. Moynihan was asked at a November panel discussion who he worried would steal his customers, Bank of America Corp.’s chief executive officer looked to the man seated on his right.

  • Citigroup May Wait for Capital Plan on Dividend, Buybacks

    Citigroup Inc., the bank that’s been paying a 1-cent quarterly dividend since last year, may wait until it submits a 2013 capital plan to the Federal Reserve before seeking approval to boost the payout or buy back shares.

  • Volatility Falls to Seven-Year Low as S&P 500 Rallies

    For all the concern that the Federal Reserve may reduce economic stimulus and the stalemate over the U.S. budget could lead to a government shutdown, stock investors are the calmest in more than seven years.

  • Citigroup Drops Push to Increase Capital Payout This Year

    Citigroup Inc., the third-largest U.S. bank by assets, retreated from an effort to win Federal Reserve approval to boost payouts for shareholders this year.

  • Deconstructing Jamie Dimon

    Matthew McCormick, a portfolio manager at Bahl & Gaynor, and Bloomberg's Jonathan Weil discuss how much JPMorgan Chief Executive Officer Jamie Dimon knew about the firm's $2 billion trading loss. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)

  • Resurrect Glass-Steagall?

    On today’s “Reganomix” Bahl & Gaynor’s Matthew McCormick and Graham Fisher’s Josh Rosner discuss whether there should be a new version of Glass-Steagall. They speak with Bloomberg’s Trish Regan on Bloomberg Television’s “Street Smart. (Source: Bloomberg)

  • Canada Matching China Profits at Discount Lure Cash

    Investors are pouring more money than ever into Canada, drawn by earnings growth that almost equals China’s and shares trading for 18 percent less.

  • Wall Street Banks Depressed in Shift Defying Blankfein

    To Kevin Conn, who has been analyzing bank stocks for 15 years, the investment climate for Wall Street’s biggest firms has entered the realm of science fiction.

  • Citi Declines After Earnings Fall 11%

    Citigroup Inc., the third-biggest U.S. bank by assets, dropped 8.2 percent in New York trading after the bank reported an unexpected fall in fourth-quarter earnings on a slump in trading revenue.

  • Blankfein Emulating Buffett as No. 48 in Wall Street CEO Pay

    Wells Fargo & Co.’s board of directors had a busy final week of 2009. On Dec. 23, the San Francisco-based lender returned to the Treasury the $25 billion it had borrowed under the U.S. government’s Troubled Asset Relief Program. That freed the bank from the Treasury’s rules on executive pay.

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