dChan
Anonymous ID: a01361 Jan. 16, 2019, 4:12 p.m. No.4783495   🗄️.is 🔗kun   >>3636 >>3740 >>3824 >>4005 >>4164

For The First Time Ever, Wall Street Banks Top $100 Billion In Profit

 

One may not know it by looking at banker bonuses last year, but 2018 was a banner year if only for bank shareholders and upper management: this is the year when the 6 biggest banks generated (well) over $100 billion in profit. They can thank Trump's tax cuts, the Fed's payment of interest on reserves, rising interest rates, a jump in dealmaking and a retail-banking boom (if not so much the "bad volatility" that resulted in a plunge in fixed income, currency and commodity trading fees).

 

As Bloomberg first noted, JPMorgan, Bank of America, Wells Fargo and their peers have already reported more than $111 billion of profit for 2018, and Morgan Stanley will complete the money-center picture tomorrow when it releases its fourth-quarter results Thursday and only makes this number bigger.

 

While JPMorgan and Bank of America both had record years, Goldman and Citigroup had their biggest annual profits since the financial crisis. The staggering profits, coupled with upbeat commentary about 2019 may ease fears that rate hikes and trade wars will bring an end to good times for the biggest banks.

 

To be sure, the banks' bosses see not a cloud in sight: "Is it the end of a cycle? We don’t think so," JPM CFO Marianne Lake said Tuesday. “We think the outlook for growth in the economy is still strong. The consumer is still strong and healthy, and we’re expecting to see, maybe slower, but still global growth going forward.”

 

Her optimism may have been a bit stretched as this quarter JPM missed earnings estimates for the first time in 15 quarters, while the bank's provision for loan losses surged to $1.55 billion, far above the expected $1.3 billion.

 

Meanwhile, the question is whether or not the market already reflects the banks' massive profits, or if there is room for bank stocks to run more: the KBW Bank Index surged 10% this month, on the back of a furious bear market rally and following generally strong fourth-quarter results; however, it comes after banks slumped into a bear market, pluhttps://8ch.net/qresearch/catalog.htmlnging 20% in 2018, the worst performance in seven years.

 

https://www.zerohedge.com/news/2019-01-16/first-time-ever-wall-street-banks-top-100-billion-profit

Anonymous ID: a01361 Jan. 16, 2019, 4:35 p.m. No.4783785   🗄️.is 🔗kun   >>3879 >>4005

>>4783650

When you look at these earnings you can't take them for face value. Sure they say they made money but if all you have to do is re-adjust credit loss scenarios and then take that amount and apply that to your bottom line it's pretty easy to 'beat' any expectations.

 

They can't make money on fixed income and we still do not have all the information about the day's they made money or lost. Over the last few years they seem to always have no losses

 

Back in 2010 this trend began and his been the norm at the big six banks for the entire time. They have a few down days but this is not mathematically possible. for this long. They have massive help and still can't hack it.

from 2010

https://www.zerohedge.com/article/bank-america-reports-no-day-trading-losses-q3-announces-mbs-complaints-over-375-billion-wort

 

Look at the actual filings. Most of these 'earnings' are just shuffling around money or credit adjustments to other places.

Old game.

As for the share price

>>4774747 pb

Anonymous ID: a01361 Jan. 16, 2019, 4:44 p.m. No.4783879   🗄️.is 🔗kun   >>4005

>>4783740

baker

see

>>4783785

Think of this exactly like the employment numbers. It's the same type of scenario as they just invent whatever makes it all look good.

Don't care if it's notable or not but this is the same thing that is done to employment numbers. It's all just a show for us to try and figure out.

Anonymous ID: a01361 Jan. 16, 2019, 4:57 p.m. No.4784093   🗄️.is 🔗kun   >>4117

>>4784045

This is not the forum for fundamental discussion of equity's. OTC stocks are garbage

You just pump these to unsuspecting people so you or your client can exit them higher.

Anonymous ID: a01361 Jan. 16, 2019, 5:01 p.m. No.4784145   🗄️.is 🔗kun

>>4783926

I fully agree however I don't think there is a thing that can be done. No one wants these idiots gone moar than me.

 

I have beat it back each time I see it.

They got caught by me when they started it and now are pissed because it's the only thing they have. Saved all the screen caps from when this started.