Blog Archives

US Economy: Awry Euro claims could reward US investors, housing could recover

The day has started well with the Ira Sohn conference giving a lot of hope to ideas floating around in my head since that jump began last year, but then Jobless claims seem to have kidnapped good news baselines to

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, Financial Markets, Global, US

Trading losses to hit Goldman Sachs again! | Banking insight

One instantly thinks up exposure to Europe’s credit markets when one thinks of Wall Street trading this year too and it seems Goldman Sachs has again stepped in it and Q2 earnings estimates are rapidly being downgraded this quarter. For

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Posted in Amitonomics, Banking, US

Whale Trader burns JP Morgan goodwill | Banking Insight

Though JP Morgan would degrade earnings for Q2 by a minimum of $800 mln from yesterday’s announcement, the damage could be more severe for the bank’s decision to hold on to unrealised gains in the CIO portfolio of securities of

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

Rakoff hands out $315 mln to Missie’s Purse(PERS) | Banking insight

Bank of America continued its run of good luck with Judge Rakoff letting it off in the case by Mississippi Public Employees Retirement System for $16 bln of MBS investments sold to them. Goldman Sachs had to sign a $9.8

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Posted in Banking, US

US Economy: How about a Spanish Haven and other inspirational stories for a Thursday morning

The whole issue with Sain comes with the Spanish government not holding much debt of its own but banks needing over EUR 100 bln in Capital to fund their bad loans. However if a one time separation of these assets

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, Retail Lifestyle, US

Bank Results Season: Taking a look at trading rebound vs commercial banking growth (HSBC Q1 2012)

HSBC’s Net Operating income was up to $18.8 bln before DVA from $17.6 bln last year before DVA spreads squeezed topline. Meanwhile run off portfolo efficiencies in North America down to 3.4% on Cards and 7.1% on non revolving credit

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Posted in Banking, Emerging Markets, Global

US Economy: The counterintuitive Aussie trade and the Spanish meltdown ( A Tuesday morning review)

ISM Data leads May markets  Election years actually return a fair 2% in each of the summer months according to a latest Bloomberg report as the Go away in May catches up with investors. Meanwhile Chicago and Dallas were down

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Posted in Amitonomics, Banking, Financial Markets, Private Equity, Retail Lifestyle, US

Bank Results Season: Citi proves its worth to itself (Q1 2012)

Citigroup results of Jan to March 2012 relied on reduced Citi Holdings assets of $134 bln in the run off portfolio and the $4.74 bln revenues n Fixed Income about a 20% higher than even Q1 2011 and more than

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Posted in Amitonomics, Banking, US

Bank Results Season: Wells Fargo Q1 2012 repeats Q4 performance – The pretender looks f-ugly in comparison? | Banking Insight

The bank moved up its earnings report a week to enable like to like comparison with peers like JP Morgan as it reported a 75 cents Earnings per share for a 3% sequential improvement oto $4.2  bln in Post Tax

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Posted in Amitonomics, Banking, US

Bank Results Season: JP Morgan prints “off the charts” revenue and earnings| Banking Insight

Dimon’s machine had a big plus smile on its face minutes ago as Revenues and Earnings from the World’s #1 bank came in beating all expectations by more than 5% on sales and more than 12% on profits. The bank published

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Posted in Amitonomics, Banking, US
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