Tyb
Likely those “assets” were sucked out and put into some Caribbean bank (like Evergrande) for the family members.
Either way they are gone.
Russia Federation 96825 Ilyushin 62 from Chkalovsky AB-Moscow and just about over Caucus Mtns
Hungary AF BRK15 C17 Globey departed Yerevan, Armenia and he’s headed N
Kazakhstan AF BEC003 A320 departed St. Petersburg back to Canklestan (Astana) after attending 10th BRICS Parliamentary summit
Russia and Iran to continue cooperation with new Iranian govt
On the sidelines of the 10th BRICS Parliamentary Forum in St. Petersburg, Thursday (Jul. 11), Russia's President and the Iranian parliament speaker held a meeting. The talks were also attended by the speakers of both chambers of the Russian parliament.
Iran is one of the BRICS' newest members. Vladimir Putin who said his country was delighted Iran fully starts work in the bloc paid tribute to president Ebrahim Raisi. Iran recently elected a new leader following the death of president Raisi in a plane crash.
https://www.msn.com/en-xl/africa/top-stories/russia-and-iran-to-continue-cooperation-with-new-iranian-govt/ar-BB1pQZFM
Russia Federation 96825 Ilyushin 62 heading into Black Sea and likely to Crimea
f99eaa
That answer is classified
No
JPM Reports Record Quarterly Income After Surge In One-Time Items, ‘Unexpectedly’ Boosts Loan Loss Reserves
And we're off: Q2 earnings season has officially open after two of the largest US banks - JPM and Wells - reported results moments ago, with what was a bit of a mixed bag. We will cover Wells elsewhere, but here are the highlights for the largest US commercial bank, JPMorgan.
Here is a summary of what JPM just reported for Q2:
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Adjusted Revenue $50.99BN, up $8.6BN from a year ago, but not comparable to estimates for reasons outlined below
* Investment banking revenue $2.46 billion, +46% y/y, beating estimates of $2.13 billion
* FICC sales & trading revenue $4.82 billion, +4.6% y/y, missing estimates of $4.85 billion
* Equities sales & trading revenue $2.97 billion, +21% y/y, beating estimates of $2.66 billion
* Advisory revenue $785 million, +45% y/y, beating estimates of $640.5 million
* Equity underwriting rev. $495 million, +56% y/y, beating estimates of $387.6 million
* Debt underwriting rev. $1.08 billion, +51% y/y, beating estimates of $905.9 million
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EPS $6.12, up $1.37 from a year ago and includes significant one-time items
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EPS excluding significant items was $4.40
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Compensation expenses $12.95 billion, beating estimates of $12.72 billion
Overall, a strong showing except that miss by FIC (more on that below). What is notable is that for yet another quarter JPM reported record quarterly profit of $18.1 billion, up $3.7 billion YoY, thanks to revenue beats by the company's equity traders and investment bankers, while Net Interest Income printed at $22.86BN, just above the $22.82BN expected (the "unmanaged" number came in just below estimates) even though the net yield on interest-earning assets was 2.62% below the estimate of 2.65%. That said, much of the bottom-line surge was one-time as JPM took a multibillion-dollar gain ($7.9BN pretax) tied to a Visa share exchange.
The bank also recorded $546 million in net investment securities losses: it will be interesting to find out what this is and if JPM has quietly been cultivating yet another CIO "whale".Strip those away and JPM's net income was only $13.1 billion, down from both a quarter ago and from a year ago.. Also of note, JPM's return on equity hit 23%, and that’s up to 28% if you follow the bank’s ROTCE stat. As for the bank's CET1 capital ratios, the standard came in at 15.3% and advanced hit 15.5%. This means that the bank’s total loss-absorbing capacity is now $534 billion.
Something else worth noting: JPM revealed that its Q2 stock buybacks jumped to $4.9 billion from $2.8 billion last quarter.This took place even before the Fed greenlighted more shareholder returns on June 28 - the last day of the quarter - which means Jamie Dimon frontran the "successful" stress test results.
What we also find notable is that in a reversal from last quarter, the bank actually built reserves by $821 million (vs a $72 million release in Q1): this was the biggest reserve build since the bank crash quarter in Q2 2023 when the bank added $1.5 billion in reserves. This meant that provision for credit losses rose to $3.05 billion, above the $2.83 billion expected even as total charge-offs came in at $2.23 billion, just below the $2.26 billion expected.(and whatever they don’t use in the loss provision bucket gets applied back on to the balance sheet as earned income-they all do this and are allowed)
Looking at the bank's balance sheet and consumer banking division, there were no major surprises here, with total deposits down 1% YoY to $2.40TN (vs est $2.43TN), and flat QoQ, while total loans (including First Republic) were up 6% YoY to $1.32TN, and also flat QoQ.
Moar
https://www.zerohedge.com/markets/jpm-reports-record-quarterly-income-due-surge-one-time-items-unexpectedly-boosts-loan-loss
*Does them no good right nao
Try red text next time
af0f4b
>bruise under her left eye