Hints and tips:
...That lower ROTE may be due to less income productivity and lower leverage relative to peers, thinks Jason Napier at UBS....
...“European banks have outperformed the market by more than 50 per cent [since year-end 2020] and yet still trade at valuations which imply earnings power 30 per cent below our forecasts,” said Jason Napier...
...Simply breaking even could add more than $400mn profit alone to StanChart’s full year pre-tax profit, points out Jason Napier at UBS....
...The implied cost of equity on UK banks is almost 16 per cent, says UBS’s Jason Napier based on his profit estimates. Europe, excluding the UK, is at 14 per cent....
...“The focus of neobanks on deposit gathering in the earlier part of their development should mean further gains in margins this year following rapid interest rate rises,” notes Jason Napier of UBS....
...Napier of UBS noted earlier this week....
...Jason Napier, managing director of European banking research at UBS, says that fixed-rate loans now account for around 80 per cent of the UK’s £1.6tn mortgage market....
...UBS analyst Jason Napier said “StanChart’s attractions as a stock are not about this year’s performance”, but rather dependent on improving income as global interest rates rise in the coming years....
...“In a world in which it looks as though we’re going to see low interest rates for a protracted period, looking after higher-margin businesses like SME lending is sensible,” said Jason Napier, head of European...
...“We might be in the early stages of possibly one of the strongest macro economic recoveries ever,” says Jason Napier, head of European banks research at UBS....
...Shareholders should expect targets for 2021 only, thinks Jason Napier at UBS. Mr Nunn will surely want to stamp his own print on any outlook further out....
...Jason Napier, an analyst at UBS, said it was difficult for European banks to know just how many of their customers would prove financially viable until government furlough schemes and other support measures...
...UBS’s Jason Napier said the fallout from coronavirus was “the first real test” of IFRS 9 since it was introduced in 2018....
...But Jason Napier, head of European banks research at UBS, suggested that first-mover advantage from the launch of new products such as Connected Money will be difficult to sustain....
...Jason Napier, analyst at UBS, said the results would lead to cuts in full-year forecasts, but noted that “the headline results probably look worse than the reality”....
...Jason Napier, banks analyst at UBS, said 85 per cent of Barclays’ second-quarter earnings outperformance came from lower impairments....
...Napier, head of European banks research at UBS....
...Jason Napier, banking analyst at UBS, said: “With the job of RMBS settlement almost complete and a return to dividends in sight, we also expect RBS to confirm a successor to current CEO Ross McEwan in the...
...The bank did not make any changes to its full-year targets, but UBS analyst Jason Napier said the figures looked “sustainable”, and predicted further outperformance....
...Jason Napier, head of European Banks Research at UBS, said “plans to grow revenues at stable margins, cut costs and generate surplus capital should reassure investor concerns”....
...Jason Napier, analyst at UBS, said: “Once clarity is had on one-off items in head office and outlook for these, we think the market will focus on Barclays’ attractive valuation and improving return profile...
...Jason Napier, banks analyst at UBS, says the UK progress was encouraging....
...Jason Napier, head of European banks research at UBS, said “weak income trends and significant guided headwinds will mean consensus downgrades”....
...Jason Napier at UBS asked: “Do significant loan losses booked in Jakarta mean an exit of Bank Permata is near?”...
...“Focusing on the underlying performance, income was 4 per cent better than consensus, costs a material 8 per cent worse,” wrote Jason Napier at UBS....
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