Big Bank Earnings More Opaque Than Usual. Which Is Saying Something
Sifting through big bank results is a largely thankless task but, unfortunately, it's obligatory.
JPMorgan's quarterly reports make for decent reading as these things go, mostly because Jamie Dimon is the Nick Saban of bankers. Even if you don't care about bank earnings (college football) you might tune in to a JPMorgan earnings call (Alabama game) "just because," so to speak. Saban's retiring. Dimon isn't.
Dimon's results, as documented here first thing Friday, were mixed, but an upbeat NII f
“ I couldn’t help myself” moments.
You don’t have to swing at every softball, but sometimes…..
59k jobs (25%) of workforce … is it doing same business as before? If somebody asked me to reduce to that level (back when …), I would come back w/ a ‘not gonna do’ list. If Citi is reducing to that level, will it be unique? …
I am surprised you put money in a BOA CD. The rates are generally poor when you go directly to the bank vs buying a CD in the secondary market.
The rate’s fine. And that’s just one account. I have a Merrill self-directed account too — that’s where the rate-shopping happens.
If you’re an investor or a trader, it’s not your god given right to make a higher rate of return with no risk. It’s also not a god given right to front run the fed. When the big stars speak to the media, I wonder: are you listening to yourself? God, please show us things as they really are….