In reference to recruiters, the Wall Street bank continues to provide the highest pay for traders in fixed-income, currencies and commodities – in light of successive quarters of worse-than-industry returns that have prompted analysts to query the knowledge of staying on the right path. Thursday’s one-third drop in FICC revenues in the third quarter – knocking return on equity that has decreased to 7%, the lowest in two years – has been the conversation among the US banks’ earnings season.
On a conference call with Goldman finance chief Harvey Schwartz, Glenn Schorr, an analyst at Evercore ISI, brought up the question whether two-quarters of below-market growth would be “the pay-off” for the bank’s continued efforts in this capital-intensive area, as opponents such as Morgan Stanley and various other European banks have cut back.
“It feels like actually the world was coming your way, yet the revenue reduction for Goldman relative to peers . . . this last couple [of] quarters, is more pronounced,” said Mr Schorr Hopefully with increased trading action from microcap stocks such as SCIVAC THERAPEUTICS INC (OTCMKTS:SVACF), Wisdom Homes of America Inc (OTCMKTS:WOFA) and Pulse Network Inc (OTCMKTS:TPNI) this could ignite the rest of the markets to rally back from these low levels.
SCIVAC THERAPEUTICS INC (OTCMKTS:SVACF) is stationed in Rehovot Israel, who works in the business of creating, producing and promoting biological products for human healthcare. The Company’s flagship product, Sci‐B‐Vac™, is a recombinant 3rd generation hepatitis B vaccine. During the time period of August 26th to September 9th SVACF saw and increase of 40% creating more momentum around the recently obtained green light from the Israeli Ministry of Health to advance on all standard development, involving labeling and the release of Sci-B-Vac(TM) to the public for patience to purchase as a new innovative treatment option for those who have been diagnosed hepatitis B.
Wisdom Homes of America Inc (OTCMKTS:WOFA) is a manufactured housing retail center owner and operator. Wisdom Homes is located in Tyler, Texas. WOFA has placed them selfs in the position to provide those looking to purchase a home the opportunity to purchase quality, affordable built homes from their retail locations in the state of Texas. Currently, WOFA is up 400% from Thursday previous close with an increase like this Wisdom Homes of America, Inc. is a penny stock to keep your eyes on. “We previously stated that our goal was to expand into land/home transactions, which is exactly what we’ve done. We’re now closing land/home transactions, and our 90-day pipeline of transactions is increasingly land/home sales, and that pipeline is growing. Land/home purchases represent greater revenue, better margins, and a faster-closing cycle,” said Jim Pakulis, CEO of Wisdom Homes of America, Inc. “We’re scheduling an expansive market campaign to begin in early September focusing on land/home transactions.”
Pulse Network Inc (OTCMKTS:TPNI) offers a cloud-based system that dedicated to the content marketing and event solutions in the United States and internationally. It runs a cloud-based content marketing platform, which empowers corporate marketers and event groups in their campaign efforts. Starting from early September to October 16th displayed a trading increase of 1058% and is currently up almost 40% from their previous close with momentum picking up in TPNI favor shareholders and future investors will potentially find interest in this micro-cap stock to watch