David Sokol has been the primary guy in the running, and Warren Buffett's top pick, to replace the Oracle of Omaha as the CEO of Berkshire Hathaway. Well David is no longer available for the position.
Just ask him.
Showing posts with label Stock Market. Show all posts
Showing posts with label Stock Market. Show all posts
Big Banks Bet and Bank on Trading Profits - BoA and Chase Ride Trading Revenue to Profitability
Both JP Morgan and Chase and Bank of America reported profitable quarters this earnings season go around.
Though Chase has been in better shape over this economic down turn both banks profitable quarters relied on their investment banking activities.
Chase Bank reported 3.3 billion dollars for the first quarters profit. Bank of America came in right behind them with 3.2 billion dollars. 3/4's or 75% of Chase Bank profits came from trading and investment banking activities and 2/3 or about 65% of Bank of Americas profits came from their newly found investment banking operations. This profitable Merrill Lynch deal has beat the overall outside consensus and expectations. Just goes to show you that old Ken Lewis knew and still likely knows what he is talking about.
Though Chase has been in better shape over this economic down turn both banks profitable quarters relied on their investment banking activities.
Chase Bank reported 3.3 billion dollars for the first quarters profit. Bank of America came in right behind them with 3.2 billion dollars. 3/4's or 75% of Chase Bank profits came from trading and investment banking activities and 2/3 or about 65% of Bank of Americas profits came from their newly found investment banking operations. This profitable Merrill Lynch deal has beat the overall outside consensus and expectations. Just goes to show you that old Ken Lewis knew and still likely knows what he is talking about.
Labels:
Bank of America,
Banks,
Earnings,
finace,
Finance,
financial news,
JP Morgan and Chase,
Stock Market
Economic Growth - GDP 2.2% - Is It Real?
The final numbers are in for the third quarter and the numbers show a 2.2% growth in the Gross Domestic Product, also referred to as GDP. Now this figure can be good or bad news depending on who you talk to.
Australia Interest Rates Increased - Stock Market Soars
Australia raised their interest rates or rather the cost to borrow money. Investors took this as a sign of hope and the stock market rallied on the news release of Australia's interest rate hike.
GM Insiders bail out - Idiot Investors buy Pink shares over the counter
May 2009
This post is just to share the sec fillings of 6 insiders at GM who have bailed on there own company as they see there stock holders getting wiped out. The six insiders dumped all there shares entirely. If you own this stock sell it.
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