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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Blog Archives
Trading losses to hit Goldman Sachs again! | Banking insight
Tagged with: Asia, Bank, Citigroup, Goldman, Goldman Sachs, Hedge fund, J P Morgan, JP Morgan, jpmorgan, Moody, Wall Street
Posted in Amitonomics, Banking, US
Posted in Amitonomics, Banking, US
US Economy: Euro nosedive gives Strength to US dollar, JP Morgan investors reaffirm faith.
Commodities continued their run down from last year’s “bubble” tops with silver and Copper losing a mile after the Chinese data. Things are complicated for europe even as Spanish banks have recovered most of the required EUR 30 bln internally…
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Tagged with: European Union, J P Morgan, Jamie Dimon, JP Morgan, JPMorgan Chase, Mitt Romney, Moody, Wall Street
Posted in Amitonomics, Banking, US
Posted in Amitonomics, Banking, 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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Tagged with: Arthur Nadel, Bank, Bank of America, Citigroup, Goldman Sachs, India, J P Morgan, Jed Rakoff, Mississippi, Ponzi, United States
Posted in Banking, US
Posted in Banking, US
The Thursday Fed Update: That rate keeps trending down, Budget Surplus and a Dimon induced spiral – US Economy (Thursday EoD Review)
Someone must be happy we are paying only 3% interest on 30 Y US debt but it is all getting too close to call a bad year for 2013 or a year yonder. JP Morgan will survive its losses as its…
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Tagged with: April, Congressional Budget Office, Financial Services, Government budget deficit, J P Morgan, Jamie Dimon, JP Morgan, November, Treasury, United States, United States Department of the Treasury, United States public debt, US Treasury
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
JP Morgan surprise press conference to report new $2 bln losses | Banking Insight
The JP Morgan Treasury / Chief Investment Office is purportedly carrying losses of up to $4.5 bln and the same would be disclosed in a press conference in detail in a few minutes. The CIO’s Office carries Synthetic hedges betting…
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Consumer Credit jumps, Wells Fargo dumped, Goldman Sachs trading platform | Banking insight
The hitherto bankers’ bank Wells Fargo originated more than 30% of the $385 mln in new mortgages in Q1 2012 and led the pack, #2 JP Morgan at just below 11% and Bank of America at hardly 4% ( obviously…
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Tagged with: Bank of America, Berkshire Hathaway, Goldman Sachs, J P Morgan, Moody, Prime brokerage, Warren Buffett, Wells Fargo
Posted in Amitonomics, Banking, Financial Markets, US
Posted in Amitonomics, Banking, Financial Markets, US
Bank Results Season: The return of Goldman Sachs (Q1 2012)
Compensation battles at Chase that compare unfavorably for retail banking employees as Dimon gets paid 67 times the average bank pay or Lloyd Blankfein’s own titular troubles with non profits and activist investors seem destined to take a back seat…
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Tagged with: Bank of America, Citi, Goldman Sachs, Industrial & Commercial Bank of China, Investment management, J P Morgan, Lloyd Blankfein, Morgan, Stock, Wall Street, Wells Fargo
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
US Economy (EoD Review): The week ahead April 16 – April 23, 2012
Things could not have started better for the US Economy than with the Bank Earning Season’s opening day laurels going to neither of the winners but to the comeback of the mortgage market. With $160 bln of mortgages originated in…
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Tagged with: Balance sheet, Economy of the United States, European Union, J P Morgan, Master of Business Administration, Refinancing, U.S. Housing Market, Wells Fargo
Posted in Amitonomics, Banking, Retail Lifestyle, US
Posted in Amitonomics, Banking, Retail Lifestyle, 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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Tagged with: Bank, Bank of America, Banks and Institutions, Basel III, Business, Financial Services, Investment Bank, J P Morgan, JP Morgan, JPM, JPMorgan Chase, Net income, Revenue, Wells, Wells Fargo
Posted in Amitonomics, Banking, US
Posted in Amitonomics, Banking, US
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