Blog Archives

IT’s MONDAY: Eurozone comeback isn’t but Euro’s comeback is

As a Rabobank strategist put it in today’s Reuters insider videogram, because of the fragmented euro bond markets in 2010 and 2011 , the current strength in the Euro is much more than a euphoric pick up on German manufacturing

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Posted in Financial Markets

Bank Results Season: J P Morgan on way to becoming leader in Mortgages to renew Universal Banking (Q1 2013)

Even as JP Morgan results beat expectations handsomely to come very near our $1.62 per share mark with $6.5 Bln in profits for the first quarter’s $25B+ raising hopes of a $100 Bln in revenues after a good 2 years,

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Posted in Financial Markets

$10B Foreclosure settlement for BofA, JP Morgan and Citi | Bank Earnings Season

A new $10 B settlement by 14 banks to define and ordain penalties for foreclosure mispractices and abuses has been reached over the weekend bolstering markets rejoicing the newly made revenue arrangements to avoid the fiscal cliff. The Banks including

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Posted in Financial Markets

Thanks Abigail, Denial is indeed not just a river in Egypt | Banking Insight

Ofcourse I am not a female employee if this is another emancipation theorem and as I am not part of any institutional subscrription for a long gap, I have not really read Abigail’s workpiece in this issue of Euromoney (euromoney.com)

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Posted in Financial Markets

So, you won’t stop trading at Goldman Sachs! | Banking insight

Distressed debt trading and Fixed Income trading no longer engenders the respect it used to get on Wall Street as activist investors come out of the closet to take on the might of Goldman Sachs intelligence and analysis. Apparently all’s

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

The Thursday Fed Update: Another MaidenLane sale, another week, Bank Credit weak in June

The Reserve Bank Credit remains anemic in growth at $8.6B while total assets fell by $10.5 B even as The Fed added $8-9B more in MBS purchases as the Maiden Lane III securities the Fed is holding were auctioned off

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Posted in Amitonomics, Banking, Financial Markets, US

Bank Results Season: The last positive Surprise is in (Bank of America reports Q2 2012)

It has been a week full of positive surprises so the shocker on the headline is just for reminding oneself that Morgan Stanley is the one candidate which makes you think of the word “Underperformance” esp this quarter when Trading

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Posted in Amitonomics, Banking, Retail Lifestyle, US

Bank Results Season: West Coast Economy snowed under/tanned brown by Wells Fargo mortgages

While one can’t say the leader JP Morgan has not tried, with $130 B in consumer loans including less than half a million new mortgages, the Wells Fargo-Wachovia combine, which still thinks expenses from its merger with Wachovia on the

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Posted in Amitonomics, Banking, Retail Lifestyle, US

Global Mid-Day Report: It took the banks to revive the Dow!

As it happens 2 times out of 3 , the sharp finish by JP Morgan to its climactic loss announcements of June 2012 was  a resounding success in moving the Dow 150 points on its closing day of the week,

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Posted in Amitonomics, Banking, US

Bank Results Season: JP Morgan posts $5 B in profits after CIO massacre

The bank opened the morning proceedings with a restatement of the first quarter results posting a $660M loss to add to the Q1 in Principal Transactions to bring the EPS to $1.20 for the quarter with Net Income from Corporate

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Posted in Amitonomics, Banking, US