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What is this new service using as a proxy for Sales for Bank stocks?
Susan M.
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What is this new service using as a proxy for Sales for Bank stocks?
Susan M.
Hi Susan,
I can't find where I read this but somewhere on this site is a message describing the differences between StockCentral's data and others. It states that sales for banks is derived the way we were taught, that is: net interest income + non interest income - loan loss provision.
Eric
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Rank: Advanced Member
Posts: 561
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I can't find where I read this but somewhere on this site is a message describing the differences between StockCentral's data and others. It states that sales for banks is derived the way we were taught, that is: net interest income + non interest income - loan loss provision.
That would be ... the faq! |
Joe |
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My club is scheduled to study three bank stocks for the December meeting. Should we assume that the data from S&Pdatafeed was derived for revenue from sources in the (net Interest Income + non interest income - loan loss provision)?
Will Conrad
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Rank: Advanced Member
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> Should we assume that the data from S&Pdatafeed was derived for > revenue from sources in the (net Interest Income + non interest > income - loan loss provision)?Hi Will, I do believe the S&P (OPS) data is Net Interest income plus Non-Interest income, period. There's an excellent article by Ann Cuneaz called Banks for Beginners that covers the difference between the "NAIC Way" of figuring bank revenues and the S&P data. In fact, it would be the perfect pre-homework for a club discussion on bank stocks. I just went to the BI website to get you a direct link and, as usual, the search engine isn't working properly. Duh. I'll attempt to attach the article here. If it's too big (or whatever) contact me privately and I can send you directly. As for Hemscott data, Joe already mentioned that, in the FAQ for this website, you will find how the StockCentral data is calculated. Good luck to you, Lynn O. garbagecop@earthlink.net
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