Ph4IP2FinancialAnalysisTwoBanks - Phase 4 Individual...

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Phase 4 Individual Project 2 1 Running Head: PHASE 4 INDIVIDUAL PROJECT 2: FINANCIAL ANALYSIS OF TWO BANKS Phase 4 Individual Project 2: Financial Analysis of Two Banks Chris Normand Colorado Technical University FIN 220-02 Prof. Simone Alexander June 20, 2010
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Phase 4 Individual Project 2 2 Phase 4 Individual Project 2: Financial Analysis of Two Banks This is my final report to my Manager, Mr. Myers, at my current position as associate analysts, here at the home office in Erie, PA. The promotion I received offered a position as Senior Executive Analysts of one of Myers PC satellite offices in Winnipeg Manitoba. I accepted the promotion and the relocation. As a parting project, my manager has asked me to analyze the financial statements of two prominent banks in the United States. One is to be within the top 25 and the other is to be rated 26 or higher. I have chosen US Bancorp, rated at number 11 and Discover Financial Services as my second bank. Discover is currently rated at 31 by the National Information Center of the US Federal Reserve System. I have been asked to submit a comparison analysis of these banks including the following ratios: Earning Assets to Total Assets, Interest Margin to Average Earning Assets, Loan Loss Coverage Ratio, Equity Capital to Assets, Deposits times Capital, and Loan to Deposits Ratio (CTU Online, 2010). I must make one note here. I had previously issued a memo to the staff containing
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This note was uploaded on 08/22/2010 for the course ACCOUNTING ACCT203 taught by Professor Carr during the Spring '10 term at Colorado Technical University.

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Ph4IP2FinancialAnalysisTwoBanks - Phase 4 Individual...

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