Blog Archives

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

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

Citi, Morgan Stanley and BofA: Top 3 retail banks to lose ratings power | Banking Insight

NYTimes (Dealbook.com) was first with the scoop of course and I for one never suspected that there could be such astorm in a tea cup waiting to derail the banks this year. Though Morgan stanley has often been counted as

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Posted in Amitonomics, Banking, US

China’s banks pull in claws: ICBC still head and shoulders above the rest in 2011

ICBC results a minute ago, would have beaten CCB profits by 38 bln yuan or nearly 23% and AgBank by 86 bln Yuan for a 2011 total of CnY 208 bln in profits or $33 bln with a Q4 Net

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Posted in Banking, China, Financial Services, Global

How about BofA hitting the upper circuit! That’s $10 per share | Banking Insight

Did you think that would make news! Bank of America continued in the stratosphere of best performing stocks for the 12 th week running this Monday as it climbed the ubiquitous 19 cents a day ladder to land up at

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Posted in Amitonomics, Banking, Retail Lifestyle, US

US Economy (EoD Review): Quadruple Witching, but S&P 500 keeps moving up

Tomorrow is Quadruple Witching Day as Stock Index Options and Index Futures expire along with Stock Options and Futures including the successful series of Apple with more than 2 mln in Ind stock options contracts volumes. The next ones are

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Posted in Amitonomics, Banking, Retail Lifestyle, US

The after effects of the Greg Smith communion hour – Is this the kind of resignation you’ll post…

Goldman Sachs lost $ 2 bln in market Cap yesterday when disgruntled employee Greg Smith posted in his op-ed. The saga of his lost faith, evoked a lot of sympathy among old Goldman Sachs people including Barry Ritholtz ( confirmed

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Posted in Amitonomics, Banking, US

US Economy: So is the Jobs report going to be good or bad!

Happy Holi to everyone from India. And back on th eJobs numbr, Claims were marginally higher at 362k, 4 week average at 355k, ADP Payrolls were on the whole very positive the large number raising expectations for the best ever

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Posted in Amitonomics, Europe, Global, US

US Economy: Chicago PMI scores a well rounded 64

The Chicago PMI may well be revised for January and come near 61 for February again conforming the robust Auto, other manufacturing and services growth incl new jobs in America’s great Mid West. The Chicago PMI for February came in

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Posted in Financial Markets
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