Showing posts with label JP Morgan. Show all posts
Showing posts with label JP Morgan. Show all posts
Tuesday, April 15, 2025

Bank of America overall profits up 11%, stock trading revenue up 17%

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Bank of America on Tuesday posted first-quarter results that topped analysts’ expectations for profit and revenue on stronger-than-expected...
Monday, April 14, 2025

Trump tariff chaos is literally equity traders' gold

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   On again, off again, on again tariffs from The Puppet Master have enriched stock traders Goldman Sachs, JP Morgan Chase, and Morgan Stanl...
Tuesday, April 14, 2020

Laugh of the Day: Limbaugh and Hannity in flames as advertiser Ruth's Chris Steak House gets $20 million bailout from Trump in four days while Main Street waits and waits and waits

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The Wall Street Journal reports : The company, which operates or franchises 159 restaurants, had a profit of $42 million on revenue of ...
Wednesday, June 20, 2018

JP Morgan: US tariffs on China to have only modest impact on US economy

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From the story here : Investment bank JPMorgan estimated in a report on Tuesday that Trump’s tariffs on China would have only modest e...
Friday, July 14, 2017

J. P. Morgan Chase CEO Jamie Dimon complains "stupid shit" is distracting America from implementing better tax and spending policies

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Blame the Democrats and NeverTrumpers, Jamie. Here : It's almost an embarrassment being an American citizen traveling around...
Thursday, October 15, 2015

Rush Limbaugh thinks the 46 million on food stamps are the U-3 "counted" unemployed, many of whom actually can and do work

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Yesterday, here : "Today, there are 46 million Americans unemployed, and 94 million not working. Now, these 46 million people, th...
Thursday, March 20, 2014

All But One Big Bank Would Fail Real Stress Tests, Which Means In An Actual Crisis It's 2008 All Over Again

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So says Bloomberg View  here , naming Wells Fargo as the only one which would pass: The results aren’t pretty. Using a start date of Sept. 3...
Saturday, March 15, 2014

FDIC Sues 16 Big Banks Saying LIBOR Rigging Hurt 38 US Banks Which Eventually Failed

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CNBC reports here : The FDIC said the defendants' conduct caused substantial losses to 38 banks that the U.S. regulator had taken into r...
Wednesday, September 25, 2013

Real Clear Markets Has JP Morgan Predicting Either 4% Up Or 31% Down By Year's End

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So, it's either going to be a modest 4% rise in the S&P500 by the end of the year to 1775, or a 31% collapse to 1175. My dartboard c...
Monday, September 23, 2013

Oops! JP Morgan Chief Strategist Predicts S&P500 To 1775, Real Clear Markets Says 1175!

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Video here . And you have to listen incredulously to nearly the whole thing with all its happy talk to confirm the headline's typo. Upda...
Friday, August 23, 2013

Once Again, It's The Banks Doing The Money Printing, And The Bubble Blowing, Not The Feds

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Jeffrey Snider, here : That is not to say that paper dollars are issued by banks; they are not. Paper currency still takes the form of Feder...
Friday, March 1, 2013

I Know! Let's Get The Sequestration Cuts From The Banks!

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In an editorial on February 20th, here  (which has caused quite the hubbub), Bloomberg.com maintained that most big banks are not profitable...
Tuesday, October 23, 2012

Corporate Cash For S&P500 Swells To $1.5 Trillion

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Story here : Amid a lackluster earning season that has featured many companies missing sales expectations, cash balances have swelled 14 per...
Monday, August 27, 2012

Fascist CEOs Agree With Jamie Dimon: We Need MORE Fascism!

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And William Cohan buys it, here for Bloomberg, after Jack Welch, Lou Gerstner and Bob Wright all agree with this statement from Dimon: ...
Friday, August 10, 2012

Romney Doesn't Oppose Obama's Financier Fascism, He's Part Of It

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"[D]espite taking office in the midst of a massive financial meltdown, Obama’s administration has not prosecuted a single heavy-hitter ...
Sunday, July 15, 2012

America's LIBOR Banks' Silence Is Deafening

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John Carney for NetNet, here : I asked Bank of America, Citi, and JP Morgan Chase to provide answer[s] to four sets of questions about their...
Monday, February 20, 2012

The Cost of Food Stamps? $75 Billion. 'Disability' Dwarfs That: $200 Billion Annually.

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So says this story from The New York Post: As of January, the federal government was mailing out disability checks to more than 10.5 millio...
Thursday, December 2, 2010

Here's Why Your Government Stalled on the FOIA for Two Years

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Because the American taxpayer has bailed out the whole world, that's why. We're now the biggest suckers in history. And the followin...
Friday, October 22, 2010

Corporate Cash Really Isn't

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Mish has an interesting post which contrasts "corporate cash" with corporate debt. The upshot is the cash is concentrated in just ...
Tuesday, April 20, 2010

Financial Reform: Of Torches And Pitchforks

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Edward Harrison of creditwritedowns.com weighs in on the Goldman case, but can't quite bring himself to commit to the view th...