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

Bank Earnings Season : JP Morgan beats the housing blues ( Q4 and Full year 2012 )

JP Morgan finally came to terms with the housing blues and its prime housing portfolio notwithstanding large robo signing indictments helped the bank post a firm Net income of $5.7 bln and against slower expectations lately of a $1.16 -$1.22

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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

Chastised Europeans fight with their back to the wall, JP Morgan pays for BS | Banking insight

How Europe has been cut out of Global Financial Systems? When the crisis devolved on global citizens in 2008, none were more circumspect than banks about coming litigation though most of the big Wall Street and US banks were more

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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

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

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

Global Mid Day Report – Is West Coast the new battleground for progress?

Three bankruptcies in one week may have given you a feeling of deja vu but from Phoenix to Nevada to San Francisco and even upscale San Diego, Housing recovery may run faster than others in the South in Florida and

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