July 16, 2019 | BAC, C, Daily JAM |
Th Federal Reserve gives and the Federal Reserve takes away. In 2018 JPMorgan Chase (JPM) reported the biggest profit in banking history--$32.5 billion--as a result of the December 2017 tax cuts and higher interest rates from the Fed. With the tax cuts now more a year...
December 17, 2018 | C, Daily JAM, Stock Alerts |
I've done a decent job in 2018 of staying away from the plunging financial sector--except in my Dividend Portfolio. There, sucked (or "suckered" if you prefer) by high dividend yields and the prospects of rising net interest margins as the Federal Reserve raised...
December 5, 2018 | C, Daily JAM, Mid Term |
At a time when we're worried about whether companies can deliver even low currently projected earnings growth in the fourth quarter of 2018 and for 2019, this wasn't what investors wanted to hear from Citigroup (C) yesterday. The big banks will dominate the early days...
July 13, 2018 | C, Daily JAM, Morning Briefing |
The reaction to Wells Fargo (WFC) earnings released before the open this morning was perfectly fitting. The bank lagged its peers again on key metrics (revenue fell 3.1% year over year and earnings per share were down 9% as average loans fell 1%) and the stock was...
July 3, 2018 | C, Daily JAM, Stock Alerts |
Citigroup (C) is among the big banks that passed the most recent stress test from the Federal Reserve. That means the bank can go ahead with its plans to raise its quarterly dividend to 45 cents from 32 cents and to buyback $17.6 billion in shares. The plan would take...
