Tyb
Howza W
gb
Cheeky and confirmed
Good to see ya
Check email in old or get what going on from d or f
Wars muh fren of the med kind
>>19724866 pb
marketFag on what passes for bank ‘earnings’ at JP Moran…the others will be similar
Results out from The ‘Morgue (jp moran) and as expected, on a Friday no less, it is reported as “record earnings”. The placement of First Republic largely responsible for its record results. Net charge offs Yuge and also needed $113m of reserves to boot as well as $250 in home loan destruction.
What they never tell you is that whatever amount they use that was set aside for loan losses or ‘reserves’….and this applies to ALL OF THEM gets put back onto the books as earned income thus padding the overall Earnings Per Share by $2b for Q3. So you essentially have less shares you have to divide these shitty results by. Let us also not forget the record amounts of share buybacks that reduce the overall equity float thus making any result easily achievable-this is across the ENTIRE EQUITY MARKETS. A total of $770m was used JUST FOR CREDIT CARD LOSSES of that $1.5b of net charges….nuffin to see here /s.
You can look at further details in the link but this is probably one of the most dishonest and manufactured ‘result’ I haven’t ever witnessed.
Going back to 1987 for context. Short covering and Janet pushing the ESF button is also fueling its pre market move. When your net income drops 3% but your result is achieved largely by being gifted First Republic by the system you can see that using these qtrly releases for anything other then toilet paper proves it’s just window dressing
Jamie ‘not his real name’ Dimon and the BoD need a firing squad but as mentioned in the pb post it is a Friday and none of the mechanics of how these manufactured results were accomplished will be spoken about beyond today.
The US banking system is insolvent and has been for decades but if you saw the spike in bank shares yesterday and bought it to unload into todays news…good for you…that is what any successful trader does
Book your profit… yer not gonna buy the bottom and sell the top but todays move from a trading perspective is manna. If you were short my condolences. Don’t fight the Fed.
https://www.zerohedge.com/markets/jpmorgan-reports-blowout-earnings-record-net-interest-income-thanks-first-republic-collapse
Moar payseur memes baby!!
Still got nuffin as usual
Oh this is a new approach /s
Don’t forget to do the ‘baker’s Union” routine too.
And make sure it has doze awesome graphics as well. Just wouldn’t be the same without those ‘masterpieces’
SSDD