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Apr 10, 2019
04/19
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we do own j.p. morgan. i think j.p. morgan's best of breed and their roe is head and shoulders above the rest of the peers and you get revenue diversification from them in the aum ref aum revenues >> i was talking to mike mayo. >> for the first time he said he's bullish all five banks that he covers. >> i thought mike -- who has been very negative, by the way let's be clear he's been bullish for the last couple of years. >> for a while, and i said you can make the same argument over and over again, quarter after quarter in terms of the strength of the balance street and the growth of the economy and the u.s., et cetera, but what is the catalyst to get these stocks moving higher? and he said interestingly, every few years all they have to do is not mess up and there will be a re-rating of the bank shares >> have they not messed up for the last couple of years. >> goldman sachs, absolutely messed up over the -- >> with the imdb. >> you could make the argument that wells fargo, all they've been doing for the last few years
we do own j.p. morgan. i think j.p. morgan's best of breed and their roe is head and shoulders above the rest of the peers and you get revenue diversification from them in the aum ref aum revenues >> i was talking to mike mayo. >> for the first time he said he's bullish all five banks that he covers. >> i thought mike -- who has been very negative, by the way let's be clear he's been bullish for the last couple of years. >> for a while, and i said you can make the same...
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Apr 19, 2019
04/19
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CSPAN2
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j.p.gan chase if you trace them back to j.p. morgan he was one of the leading figures in the country from 1890. through line of individual family and banks that cast back to that time but also that was a time under teddy roosevelt and menstruation where there was recession going on so times where the country did well for a couple years and then proceed for a couple years economically to the point where in the mid- 1890s government talks about dependency and to call upon j.p. morgan to help them finance the budget so that was what happened and a gift that jp morgan gave and in return required influence over his years after that's how it started and then in 1907 that midpoint was when there was a huge panic in new york and it required a lot of banks to close as ultimately happened in 2008 almost 100 years later and at that point in time teddy roosevelt ministration turn to j.p. morgan again as they had in 1890s and said what can i do to help you help me basically? what happened was the treas
j.p.gan chase if you trace them back to j.p. morgan he was one of the leading figures in the country from 1890. through line of individual family and banks that cast back to that time but also that was a time under teddy roosevelt and menstruation where there was recession going on so times where the country did well for a couple years and then proceed for a couple years economically to the point where in the mid- 1890s government talks about dependency and to call upon j.p. morgan to help them...
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Apr 20, 2019
04/19
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FBC
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what are the prospects for j.p.r brokerage? tell me the plan from your standpoint. >> we did. the way to look at that is, right now in london, hong kong, new york, we can raise money, equity debt capital, we can buy and sell bonds and do research. for chinese companies. we cannot do in shanghai. the shanghai market is 20 percent the size of the american market. it will be huge over the next 30 years. we want to have control of equity sales, research, trading, debt, debt sales and trading, credit advice. and licenses. we been given the permission to get 51 percent. hopefully on the path to 100 percent. the full licenses. we have very limited licenses before. i think it's good for china by the way and we are making plans to do that. maria: is a really big deal to think china is opening up their markets and j.p. morgan was among the first. >> they've done a little bit. and if you actually look in the last year they've opened up a few. and so they have been modernizing the economy now for 40 years. they've done quite a
what are the prospects for j.p.r brokerage? tell me the plan from your standpoint. >> we did. the way to look at that is, right now in london, hong kong, new york, we can raise money, equity debt capital, we can buy and sell bonds and do research. for chinese companies. we cannot do in shanghai. the shanghai market is 20 percent the size of the american market. it will be huge over the next 30 years. we want to have control of equity sales, research, trading, debt, debt sales and trading,...
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Apr 21, 2019
04/19
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FBC
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j.p. morgan announced two major promotions this week.ennifer -- named chief financial officer while the outgoing cfo, has been named the new ceo of the consumer lending business. the most important business they are paired with lake considered by many as a possible successor for jamie dimon i asked about his plans for the future and white includes two women at the top. >> with you know lake is just an exceptional cfo. the brainpower, character, capabilities moving on to be the direct line for all -- and john was a co of credit card pay she's been there and become the new cfo and she has character and talent and brains and distrusted by people. it's a wonderful thing to move people around.it is fun for them, and the job for a while. that's why we did it. >> these two leading ladies i j.p. morgan, are you setting yourself appear to have a succession plan to eventually announce when you will step down? >> you know, i love what i do. and i have said, it is not for a while. but absolutely, i had to step down someday. and i want to make sure t
j.p. morgan announced two major promotions this week.ennifer -- named chief financial officer while the outgoing cfo, has been named the new ceo of the consumer lending business. the most important business they are paired with lake considered by many as a possible successor for jamie dimon i asked about his plans for the future and white includes two women at the top. >> with you know lake is just an exceptional cfo. the brainpower, character, capabilities moving on to be the direct line...
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Apr 8, 2019
04/19
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CSPAN2
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j.p. morgan chase now you could trace them back too jp morgan and he was oe of the lead bankers from 1890. there wasas this line of individual families and banks the past back to that time. but also that was a time under teddy roosevelt administration where there is recession going on. there are times when the country is doing well for a couple years and then received for couple yearsei economically. to the point in the mid- 1890s the government talked about dependency had to call upon j.p. morgan to help them finance the budget. so that is what happened and that was a gift that j.p. morgan gave and in return he required influence over his years and that is how it started. in the 1907 was a huge impact and it required a lot of links to close as ultimately happened for 2008, almost a hundred years later. at the time teddy roosevelt administration turned to j.p. morgan again as they had in the 1890s and what can i do to help me. and what happened, the treasury department fashioned $25 millio
j.p. morgan chase now you could trace them back too jp morgan and he was oe of the lead bankers from 1890. there wasas this line of individual families and banks the past back to that time. but also that was a time under teddy roosevelt administration where there is recession going on. there are times when the country is doing well for a couple years and then received for couple yearsei economically. to the point in the mid- 1890s the government talked about dependency had to call upon j.p....
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Apr 9, 2019
04/19
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CNBC
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before j.p. morgan and wells fargo, j.p.n cutting price targets for many of the bank, but karen, all of wall street's worries about the group are misguided. why don't you head over to the plasma and give us your fine print on the financials. >> as we know they're all on the hot seat tomorrow and a lot of times we see industries and ceos specifically on the hot seat and that is the bottom of the stock. think about mark zuckerberg for last year and we'll start to see them and j.p. morgan reports on friday and i focus mostly on j.p. morgan. a few reasons. follow the money and with this, what it means is people aren't understanding about banks is they keep focusing on the net interest margin, how much fresh tlur is from rates being low, but banks actually make half of their money from the net interest margin. the rest is from other revenue which is things like investment banking and markets activity or asset wealth management or credit cards and there are lots of other places to make money and the street is undervaluing how much
before j.p. morgan and wells fargo, j.p.n cutting price targets for many of the bank, but karen, all of wall street's worries about the group are misguided. why don't you head over to the plasma and give us your fine print on the financials. >> as we know they're all on the hot seat tomorrow and a lot of times we see industries and ceos specifically on the hot seat and that is the bottom of the stock. think about mark zuckerberg for last year and we'll start to see them and j.p. morgan...
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Apr 7, 2019
04/19
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CSPAN2
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what j.p. morgan tegucigalpa in his library, major bankers at the time and what he decide to do is parcel of money to some of them, all the strength, shares with him, they hung out together. i i love the other banks failedt the time but that was a situation where he then became known because he let his banks survive and he saved his panic a sort of the king of banking. new times called him that as well. the history goes back between 1890s and 1920 because 20s because really around the morgan bank they were very influential for money and also for what happened politically and have treasury department and the presidency ultimately survived their panic. >> host: but tr was known for being the trust buster, for not liking big business, or writing against it at least publicly. >> guest: and he was. he is noted as any was the was the trust buster. what he busted was nonbanks. but the time standard oil which is major oil company under the rockefeller family and of the types of companies of that nature
what j.p. morgan tegucigalpa in his library, major bankers at the time and what he decide to do is parcel of money to some of them, all the strength, shares with him, they hung out together. i i love the other banks failedt the time but that was a situation where he then became known because he let his banks survive and he saved his panic a sort of the king of banking. new times called him that as well. the history goes back between 1890s and 1920 because 20s because really around the morgan...
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Apr 5, 2019
04/19
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CNBC
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. >> from small caps to the beg banks, they kick off, j.p.gan, wells fargo and pnc, these stocks have been underperforming the market all year and it is implying interesting moves and all three expecting to see a 3% rise or drop is this a make or break moment for the banks? >> earnings season is kicked off every quarter and until we get to next friday and the biggest focus will be j.p. morgan and i think wells fargo sticks out because it's been in the news of late and the ceo was forced to resign last week and the stock bounced a few percent and people were taking it positively and then it kind of gave back those early gains and it's lower than where it was after that announcement and the general counsel is the acting ceo and the board will have to go outside of this company to find the new ceo and that creates some interesting near-term challenges for the company and i don't think you'll get the sort of person to come in unless you see some light at the end of the tunnel, and they see a light at the tunnel with the penalties and stocks this
. >> from small caps to the beg banks, they kick off, j.p.gan, wells fargo and pnc, these stocks have been underperforming the market all year and it is implying interesting moves and all three expecting to see a 3% rise or drop is this a make or break moment for the banks? >> earnings season is kicked off every quarter and until we get to next friday and the biggest focus will be j.p. morgan and i think wells fargo sticks out because it's been in the news of late and the ceo was...
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88
Apr 12, 2019
04/19
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CNBC
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up 4.5%. >> the consumer bank at j.p. morgan saved the day that's where the growth is trading wasn't great investment banking off to a slow start, no big deal in the meantime, consumer bank is on fire because consumer confidence is on fire and money is still cheap and now you have better, more favorable rates for home buyers, so that came back so you have the biggest consumer bank in america, or the second biggest, all good things when you think about -- this is my final trade yesterday, i've been begging people to buy the stock at 100 bucks a share for a long time. at a certain point this thing will break out and not come back so far every bank rally has been a failed rally and the stock revisits 98, $100 a share and at a point it won't i can see this is a point where this is a $125 stock at year end. it's not expensive a premium to most other banks. globally speaking, it's still a bargain, i like it, i like the dividend >> we tend to see stocks, especially the mega caps in similar spaces usually trade a little bit the s
up 4.5%. >> the consumer bank at j.p. morgan saved the day that's where the growth is trading wasn't great investment banking off to a slow start, no big deal in the meantime, consumer bank is on fire because consumer confidence is on fire and money is still cheap and now you have better, more favorable rates for home buyers, so that came back so you have the biggest consumer bank in america, or the second biggest, all good things when you think about -- this is my final trade yesterday,...
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Apr 12, 2019
04/19
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CNBC
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i don't think j.p. morgan is sustainable. >> everything is not awesome j.p. morgan was my final trade because it's about positioning and i think it's about emerging marketis and think it's about the trade deal and i think it's about a ton of things that are going on and i just don't think that they're sustainable, but i still think that you can buy energy and financials until this plays out. >> so, look, everything is awesome. one of the problems is that everything seems awesome to everybody else, as well. so we look at the viks the thing that worried me is 1220 on the viks, 12.2, that means there is no risk, no fed dollar is weaker and by the way, we also now have an energy sector which indicates m & a and more is coming for every other sector so why isn't everything really, really awesome because the bullishness among investors right now is probably getting a little bit euphoric and if you look at the bull bear indicator, we have a spread of almost 40 on bull bear and this is through where we were in terms of bullishness >> so today's bank earnings were exa
i don't think j.p. morgan is sustainable. >> everything is not awesome j.p. morgan was my final trade because it's about positioning and i think it's about emerging marketis and think it's about the trade deal and i think it's about a ton of things that are going on and i just don't think that they're sustainable, but i still think that you can buy energy and financials until this plays out. >> so, look, everything is awesome. one of the problems is that everything seems awesome to...
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Apr 5, 2019
04/19
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CNBC
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j.p. morgan says this trade is about to catch fire. we will show you the chart that could point to even bigger gain ahead. but first, we start off with the markets and the s&p 500 locking in its seventh day in a row and the longest winning streak since october 2017 and less than 2% away from the all-time high and check out the champions this week wynn up a whopping 18% and advanced microdevices soaring 14% and delta air lines jumping 12% and look at the macy's move up 12% so it would be a perfect time to play a little trade it or fade it we'll get right to it, guys. grasso, we kick it off with you, wynn, trade it or fade it. >> i'm going to say fade this one, but a lot of things have gone right -- >> macao gaming was up and that's the last push in this one. no china recession or earnings recession there, but i do believe that it's front loaded and you have to feed it at this point and it's a lot and the numbers are ready. >> we've been talking so much and i realize you're not ter believy s
j.p. morgan says this trade is about to catch fire. we will show you the chart that could point to even bigger gain ahead. but first, we start off with the markets and the s&p 500 locking in its seventh day in a row and the longest winning streak since october 2017 and less than 2% away from the all-time high and check out the champions this week wynn up a whopping 18% and advanced microdevices soaring 14% and delta air lines jumping 12% and look at the macy's move up 12% so it would be a...
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93
Apr 6, 2019
04/19
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CNBC
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eye 93
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you could have picked j.p.n or city there's something wrong beyond the headlines and it trades very poorly >> to your point, speaking of regionals, of the big banks it is the most regional, unlike a j.p. morgan that has other businesses and less of the investment banking and investment type businesses that, and would you be included to manage the trade right after earnings in case they announce a ceo, for instance? >> way we do earnings,it's really a hard way to make money, right? but if you have that move friday, you may consider establishing some of that off right away but the other reason why i chose may is i also want to give myself some time and maybe the stock opens up a couple of percent and then it fails and we saw that with lennar and the stock was up 5% and by the end of the week it was down 7%. so you don't want to do weeklies into events because it turns into a binary situation and if you get the slightest thing wrong. >> options action.com and it's like you dayed and went to options heaven what mor
you could have picked j.p.n or city there's something wrong beyond the headlines and it trades very poorly >> to your point, speaking of regionals, of the big banks it is the most regional, unlike a j.p. morgan that has other businesses and less of the investment banking and investment type businesses that, and would you be included to manage the trade right after earnings in case they announce a ceo, for instance? >> way we do earnings,it's really a hard way to make money, right?...
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morgan and then j.p. morgan got the government to relax the rules in a way that allowed them to flood the market with even more than they could shorts and paper so over and they government gave them a way to exit. the the campaign but with palladium what you're seeing what we're suggesting here is that it's like crash the banking system by palladium but it wouldn't be a bunch of retail investors around the world buying silver to crash j.p. morgan this could be an orchestrated campaign by a state that perhaps could be saying that we want to break the dollar we want to break the u.s. control of the global economy we can help you do that by crashing it in the form of getting played him up to three or four thousand dollars an ounce that would certainly take redefine the global economy in a big way now moving along here. you know gold and silver at the same time have been down and you know i think we kind of know why the fed has recently suggested the negative rates are in the cards. in know in the event of th
morgan and then j.p. morgan got the government to relax the rules in a way that allowed them to flood the market with even more than they could shorts and paper so over and they government gave them a way to exit. the the campaign but with palladium what you're seeing what we're suggesting here is that it's like crash the banking system by palladium but it wouldn't be a bunch of retail investors around the world buying silver to crash j.p. morgan this could be an orchestrated campaign by a...
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140
Apr 8, 2019
04/19
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CNBC
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and copied the j.p. morgan and morgan stanley tech investment banking teams, also the lead lyft and uber underwriters respectively the letter which we did get a hold of asks morgan stanley to stop helping pre-ipo investors short the stock and hand over a list of all shareholders who are doing so, all pre-ipo shareholders threatened legal action morgan stanley, as we're reporting, adamantly denies wrongdoing and a spokesperson telling us any suggestion it engaged in an effort to apply short pressure to lyft is false. some key questions remain though such as are pre-ipo lyft investors circumventing the lock-up agreements and what was morgan stanley's role, if any? >> how to help the stock if the stock wasn't delivered for some time after the ipo there weren't shares available to borrow or to lend >> our understanding, it would be a sophisticated financial product. a type of swath that would allow they will to do so, getting around the idea of what you're referring to, buying some locates before they were a
and copied the j.p. morgan and morgan stanley tech investment banking teams, also the lead lyft and uber underwriters respectively the letter which we did get a hold of asks morgan stanley to stop helping pre-ipo investors short the stock and hand over a list of all shareholders who are doing so, all pre-ipo shareholders threatened legal action morgan stanley, as we're reporting, adamantly denies wrongdoing and a spokesperson telling us any suggestion it engaged in an effort to apply short...
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Apr 18, 2019
04/19
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BLOOMBERG
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and, a shakeup at j.p. morgan.uffle at the top of starts a biggest bank fresh discussion about succession plans after the jamie dimon eager. not that we are getting close to that yet, but when we do, mark my word. take a look here. we have the german bund yields, rose up to eight basis points yesterday, we are coming down a little bit below that. similar to what you would see if you look at u.s. yields, creeping higher but coming downward a little bit as we head weekend.easter that is why probably you will see a risk-off day in europe. futures, we are looking at crosses across the board regardless of what equity index you see that. dax futures down .3%, cac , ftse futures2% down a little less. less than a half hour away from the european open, that is what we see. stocks in asia flipped after the latest batch of earnings from the u.s. did little to boost their counterparts there. earnings from financials and transportation, l weathers, painted a mixed picture. from guggenheim partners, a forecast that the fed pause
and, a shakeup at j.p. morgan.uffle at the top of starts a biggest bank fresh discussion about succession plans after the jamie dimon eager. not that we are getting close to that yet, but when we do, mark my word. take a look here. we have the german bund yields, rose up to eight basis points yesterday, we are coming down a little bit below that. similar to what you would see if you look at u.s. yields, creeping higher but coming downward a little bit as we head weekend.easter that is why...
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Apr 12, 2019
04/19
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CNBC
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. >> the consumer bank at j.p. morgan saved the day that's where the growth is
. >> the consumer bank at j.p. morgan saved the day that's where the growth is
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Apr 13, 2019
04/19
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KQED
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j.p. morgan reported record profits blowing past expectations and the merger activity. chevron announcing a $33 billi adarkoer of and of course, china. economic reports released by t world's second largest economy are showing improvci of that was a rally. the dow jones industri average gained 269 points to 26,412. the nasdaq added 36, tnd is up 19t's less than 1% from a record. bob pisani has the detai the new york stock exchange. >> stocks rallied around the world today on two key headlin to support the market's thesis strong earnings and strong global economic data.s. tock futures and europea equities jumped and yields ros at 4:00 eastern time as china released much stronger than l expected banding numbers and export data for ma futures took another leg up 6:50 a.m. eastern time when it recorded above wall street expectation importantly, ceo jamie dimon said that, quote, even amid so global geopolitica the u.s. economy continues to mp grow andyment and wages are going up and inflation is
j.p. morgan reported record profits blowing past expectations and the merger activity. chevron announcing a $33 billi adarkoer of and of course, china. economic reports released by t world's second largest economy are showing improvci of that was a rally. the dow jones industri average gained 269 points to 26,412. the nasdaq added 36, tnd is up 19t's less than 1% from a record. bob pisani has the detai the new york stock exchange. >> stocks rallied around the world today on two key...
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Apr 11, 2019
04/19
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CSPAN2
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j.p. morgan chase, morgan stanley, and state street. at a hearing on march 12 we had wells fargo then ceo before the committee to testify. before i begin let me urge our witnesses to speak for themselves, i understand that there is some attempt to get mrs reports to speak for everybody. we know that he is very smart, we know he has been around for a long time but this is not just to show today. the purpose of this hearing, is to review the extremities of this megabanks and examine how they are operated today. ten years ago, the ceo appeared before the very committee to discuss the financial crisis and the massive bailout taxpayers provided. a decade later, what have they learned, are they helping their customers, and working to benefit the communities they serve? or the practices of the things still causing harm? the u.s. g6 is a group has paid at least $163 million in fines. since the financial crisis a decade ago including consumer abuses and other violations of the law. over the course
j.p. morgan chase, morgan stanley, and state street. at a hearing on march 12 we had wells fargo then ceo before the committee to testify. before i begin let me urge our witnesses to speak for themselves, i understand that there is some attempt to get mrs reports to speak for everybody. we know that he is very smart, we know he has been around for a long time but this is not just to show today. the purpose of this hearing, is to review the extremities of this megabanks and examine how they are...
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Apr 12, 2019
04/19
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BLOOMBERG
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j.p. morgan, a key driver may well have peaked.its net interest margin jump 10% for the last quarter. they expect little change this quarter. they see the top line declining from a year earlier, but analyst view its strength on other updates. other things will be watched. bank of america's figures are out the following day. the group's trading numbers may hurt the overall revenue pick. improve industry loan growth could be a positive for the group. wei is still with us. as we head into this earnings season and you sort of position in a global portfolio, i understand you are taking a more defensive positioning. how do banks fit into yourive all view? >> you talked about net interest margins. that is a key indicator we pay attention to. in case of the u.s., you look at how flat the curve has been. it will be bit of a head wind for banks earnings. we also see margins in the u.s. most likely already having peaked. that head win will drag earnings trajectory as well. we could see significance earnings slow down versus last year e.p.s. g
j.p. morgan, a key driver may well have peaked.its net interest margin jump 10% for the last quarter. they expect little change this quarter. they see the top line declining from a year earlier, but analyst view its strength on other updates. other things will be watched. bank of america's figures are out the following day. the group's trading numbers may hurt the overall revenue pick. improve industry loan growth could be a positive for the group. wei is still with us. as we head into this...
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bank and in one room are dead patients they've been dead since two thousand and eight that would be j.p. morgan goldman sachs deutsche bank be in a society generali just be say except are up and in the other room you have living middle class people and the point of blood bank is to take blood from the living middle class people into transfused blood to the dead banks next door that they've been dead now for more than ten years well eventually the people that are in the middle class are going to start to suffer and suffer horribly and many of them will die and by the way they won't be getting any of the blood from the other middle class people to keep them alive all the blood all the plasma goes to the dead banks to make them look like they're animated in some way even though technically they are insolvent they are dead they stink to high heaven and they are in fact the divers well actually that segues well into my next headline here because here you have you know the germans are very smart about financial shenanigans a monetary shenanigans that go horribly wrong they've have a bad histo
bank and in one room are dead patients they've been dead since two thousand and eight that would be j.p. morgan goldman sachs deutsche bank be in a society generali just be say except are up and in the other room you have living middle class people and the point of blood bank is to take blood from the living middle class people into transfused blood to the dead banks next door that they've been dead now for more than ten years well eventually the people that are in the middle class are going to...
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Apr 14, 2019
04/19
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BLOOMBERG
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after j.p.gan chase reported record quarterly income on friday, investors are waiting to see if citigroup, bank of america, and goldman sachs can keep the momentum going. su keenan joins us with the latest. su: we really saw a tale of two banks on friday. aligned withector jp morgan, which blew it out. j.p. morgan chase was up as much as 5%, closing with most gains intact. wells fargo moved in the other direction. jp morgan sword on record earnings. wells fargo once again underperformed, the lowest since january 2. while its profit rose, it lowered its 2019 net interest income. you are looking at the j.p. morgan chart. you can see the big spike up on friday. let me give you some of the details before we move on. .9.9 revenue that blew away expectations. ceo jamie dimon cited robust consumer spending, a growing economy, and higher unemployment wages. he said financial markets are strong and consumer and business confidence remain strong. he discounted any chance of a recession. that is the key th
after j.p.gan chase reported record quarterly income on friday, investors are waiting to see if citigroup, bank of america, and goldman sachs can keep the momentum going. su keenan joins us with the latest. su: we really saw a tale of two banks on friday. aligned withector jp morgan, which blew it out. j.p. morgan chase was up as much as 5%, closing with most gains intact. wells fargo moved in the other direction. jp morgan sword on record earnings. wells fargo once again underperformed, the...
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and you're like well i mean to have my products taken out i guess i have to give j.p. morgan or goldman or wall street fifty thousand dollars some studies to make them bad dead bank look like they're not dead ok then you give the fifty thousand dollars then they you know will go in there they'll remove your appendix and do a sloppy job more than often than not i know mad happened to me as our bill scar the guy used a separated bread knife. it's like all. right i mean want to show. it was a sort of baking bread down in the corner and not try to perform appendectomies anyway so to wrap this story up and tie it to the ongoing for stories is you know you have people subjected to this health care system where you might suddenly even though you're paying thirty thousand dollars a year in premiums you might suddenly get hit by a drive by doctor who load you up with a seventy thousand dollars bill so you're going into the casino and hoping to win big time on a lift i.p.o. where the numbers don't add up but hey you know you're going to roll the dice and hope to make them become
and you're like well i mean to have my products taken out i guess i have to give j.p. morgan or goldman or wall street fifty thousand dollars some studies to make them bad dead bank look like they're not dead ok then you give the fifty thousand dollars then they you know will go in there they'll remove your appendix and do a sloppy job more than often than not i know mad happened to me as our bill scar the guy used a separated bread knife. it's like all. right i mean want to show. it was a sort...
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93
Apr 16, 2019
04/19
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BLOOMBERG
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mix,lly interesting goldman sachs, j.p. morgan, and others.ll report to very different enemies. this is bloomberg. ♪ uma: this is bloomberg "surveillance." hulu has bought out at&t stake for $1.4 billion, valuing the company at $15 billion and leaving hulu with just a pair of owners, disney and comcast. disney gaining majority control when it required acquired fox news assets. bob iger may be interested in acquiring the rest. a takeover offer and the insulation business, king span the price,buy -- $170 million. and --e facing king span in ireland. agreed toander has buy back 1.5 billion of its perpetual contingent convertible cocos.simply known as the expectation was they would be bought back by the issuer at the first opportunity. declining to redeem euro keepingd cocos while investors guessing for weeks. guy: let's pick up on that last story we were hearing about, santander's decision to redeem dollar cocos. they caused consternation in the market when they did not call a euro denominated version. now, marcus ashworth. important to discover
mix,lly interesting goldman sachs, j.p. morgan, and others.ll report to very different enemies. this is bloomberg. ♪ uma: this is bloomberg "surveillance." hulu has bought out at&t stake for $1.4 billion, valuing the company at $15 billion and leaving hulu with just a pair of owners, disney and comcast. disney gaining majority control when it required acquired fox news assets. bob iger may be interested in acquiring the rest. a takeover offer and the insulation business, king...
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Apr 29, 2019
04/19
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CNBC
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j.p. morgan, for example, tangible book in j.p. morgan is $57.60 today's close, j.p. morgan is trading two times price tangible book that is a heady valuation in this environment i think. now you can say they deserve it. that's fine. but how much more can it go in an environment where banks have effectively become utilities gold is trading around tangible book i can understand why goldman sachs is trading i just think j.p. morgan may be ahead of themselves. >> the balance sheets are in the best shape they've been in decades. yet, there are provisions for loan loss are very, very low that happens late. interestingly, the credit card companies popped last week you saw capital one coming to live, discover so there is rotation within the group and so forth but for the market going back to -- think about this to be unchanged for seven months and be up 1% for 15 months, basically, the returns and bonds are equities for 15 months, total return of treasuries and kofrpt corporates and you haven't been paid to be in equities 1% to 2%, if you put a sharper edge on the s&p 500, f
j.p. morgan, for example, tangible book in j.p. morgan is $57.60 today's close, j.p. morgan is trading two times price tangible book that is a heady valuation in this environment i think. now you can say they deserve it. that's fine. but how much more can it go in an environment where banks have effectively become utilities gold is trading around tangible book i can understand why goldman sachs is trading i just think j.p. morgan may be ahead of themselves. >> the balance sheets are in...
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Apr 11, 2019
04/19
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CNBC
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the banks are oversold and j.p. morgan is oversold and look for a pop in the bank, j.p.dn't mention, but tim looks -- >> senatorial. he has two pockets on the front which you can't see. >> anyway, you thought i forgot. semantic, just slowl upside >> see you back tomorrow at 5:00ment for more "fast. "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want the make friends. i'm trying to make you some money. my job is not just to entertain, but to educate and teach you so call me at 1-800-743-cnbc or tweet me at @jimcramer she loves me she loves me not with earnings season kicking off tomorrow, everybody is playing the game, trying to anticipate the
the banks are oversold and j.p. morgan is oversold and look for a pop in the bank, j.p.dn't mention, but tim looks -- >> senatorial. he has two pockets on the front which you can't see. >> anyway, you thought i forgot. semantic, just slowl upside >> see you back tomorrow at 5:00ment for more "fast. "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market...
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502
Apr 18, 2019
04/19
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FBC
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morgan compete i i think good standards when j.p. goes in -- we stamps j.p.rs accountants legal doesn't maintain not going to make a mistake but standards we deal with including big chinese banks i think working on very complex trade deal, it needs to be done for both sides i take it there face value secretary mnuchin says major huge amount of progress ambassador lighthizer very capable people looking at serious issues, say getting close. >> this deal would be a foundation, having a good strategic kind of cooperative competitive relation with china good for both of us maybe combined help solve some of the world's problems better than conflicts. >> so you think we get a deal. >> i do i also say you got to give it idds, i give it 85% i think in market we have a deal so i think the market says -- if we don't he that reaction would beed a veers in my opinion the only thing if you say short rincon cap can cause trauma reverses confidence and stuff would it be that. >> because still the top banks in the world are chinese, so the competitive environment for american
morgan compete i i think good standards when j.p. goes in -- we stamps j.p.rs accountants legal doesn't maintain not going to make a mistake but standards we deal with including big chinese banks i think working on very complex trade deal, it needs to be done for both sides i take it there face value secretary mnuchin says major huge amount of progress ambassador lighthizer very capable people looking at serious issues, say getting close. >> this deal would be a foundation, having a good...
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Apr 15, 2019
04/19
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BLOOMBERG
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it looks like j.p.gan is gaining share on the equities trading side, whereas goldman is coming in a little bit weaker. guy: does goldman sachs want to be j.p. morgan? clearly in some ways it would, but i am curious as to how markets are going. they also were talking about this rollout of wealth management division, which they will run alongside it. it is starting to feel like a different goldman sachs than the one we used to know. pivot: it is definitely a , and an interesting time in the cycle to be making that pivot. goldman has been the most committed to its institutional business since the crisis, when others pulled back. they have really stayed consistently committed, as well as j.p. morgan. but they have been committed. started in consumer rollout. one of the things we saw was cost ratio coming in lower. part of that relates to the shifting business aspects at the company over time. i think the other thing with both banks is that even though they beat on the earnings side of things, revenue was pr
it looks like j.p.gan is gaining share on the equities trading side, whereas goldman is coming in a little bit weaker. guy: does goldman sachs want to be j.p. morgan? clearly in some ways it would, but i am curious as to how markets are going. they also were talking about this rollout of wealth management division, which they will run alongside it. it is starting to feel like a different goldman sachs than the one we used to know. pivot: it is definitely a , and an interesting time in the cycle...
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Apr 15, 2019
04/19
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BLOOMBERG
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j.p. morgan shares jumped the most since 2016. wells fargo tumbles.itigroup report today. one of the biggest comebacks in sports history. tiger woods pulls off a stunning turnaround. welcome to
j.p. morgan shares jumped the most since 2016. wells fargo tumbles.itigroup report today. one of the biggest comebacks in sports history. tiger woods pulls off a stunning turnaround. welcome to
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Apr 23, 2019
04/19
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KQED
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joining us tonight is j.p. eg j.p. good t see you. welcome back. >> thanks for having me. >> there are plenty of young entrepreneurs, whose goal it to take their company public, that for them is safe. then they chafe at all of the new scrutiny? is that always the best ph to scuss for them? >> obviously, the decision of whethe or not to go public is made long before the company would go public when they're taking on venture capital money and other investments that are going to see a way to get their stment back. these companies are not always thinking through fully, because theyeaon't have to with it if they aren't successful, even if they are it may be3, 5, 7 years before they're going to have to do that. once they've taken on that money and that big investment, other than stretching out to kind of -- like uber has been doing to avoid going public. you're faced w h adecision, you have to find a way to generate that liquidity. >> it's not just young trepreneurs, you had veterans last year, warren buffett and jaime dimo both said that t
joining us tonight is j.p. eg j.p. good t see you. welcome back. >> thanks for having me. >> there are plenty of young entrepreneurs, whose goal it to take their company public, that for them is safe. then they chafe at all of the new scrutiny? is that always the best ph to scuss for them? >> obviously, the decision of whethe or not to go public is made long before the company would go public when they're taking on venture capital money and other investments that are going to...
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Apr 19, 2019
04/19
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CSPAN2
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dimon had the informal position and in the 1980s serving as a top officer of the financial empire of j.p. morgan chase in 2017 the only top executive who remained active when building supermarket banks was info nothing in his background suggested anything as dramatic as a remodeling of the rules to reef frame the architecture bankers already spent billions to conform to the dodd frank rules rather than to ammunition seeking to bring european and us bank rules into closer alignment on questions such as how to measure capital adequacy regarding bank politics was understated trump the painted gary cohen to have the national economic council. 1993 president clinton created that post to had ruben had it as a former top official at goldman sachs where he directed financial operations around the world given their backgrounds and trumps priorities to modify regulations in a way to increase lending to maintain the dominance of the largest banks in the system as a huge competitive advantage we want to preserve that advantage. years before also sought to maintain that international advantage. the i
dimon had the informal position and in the 1980s serving as a top officer of the financial empire of j.p. morgan chase in 2017 the only top executive who remained active when building supermarket banks was info nothing in his background suggested anything as dramatic as a remodeling of the rules to reef frame the architecture bankers already spent billions to conform to the dodd frank rules rather than to ammunition seeking to bring european and us bank rules into closer alignment on questions...
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Apr 10, 2019
04/19
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BLOOMBERG
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j.p. morgan, i do not have concerns. we announced the number depending on the environment we are in. i think you all should look at what it will do to smaller banks. banks inut small a position where they will virtually have to stop lending because putting up reserves will be at precisely the wrong time. >> the concern that i have is that i do not think we have studied and looked at mark to market, and look at what happened there. exampl -- i think the same thing could happen with cecil. >> i think cecil will it constrain banks at precisely the wrong time, yes. ok, very good. anyone else have an opinion on the effect? >> no. >> moving on. i have had a lot of financial services companies that are very concerned about the cost of compliance, especially smaller banks. all of you are big enough, you can probably absorb the costs, but the problem is at some point, if the past this all on, but the bank secrecy act is something that a couple of you mentioned in your testimony that is very difficu
j.p. morgan, i do not have concerns. we announced the number depending on the environment we are in. i think you all should look at what it will do to smaller banks. banks inut small a position where they will virtually have to stop lending because putting up reserves will be at precisely the wrong time. >> the concern that i have is that i do not think we have studied and looked at mark to market, and look at what happened there. exampl -- i think the same thing could happen with cecil....
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Apr 4, 2019
04/19
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BLOOMBERG
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banks like j.p. morgan are firing on all cylinders, grabbing market share. j.p.aid a couple of months ago they even want to open more branches around the u.s., which is very unusual. for a decade we saw branches closing. so u.s. banks are doing great. europeans are doing much worse. japanese and canadian banks are in the middle. vonnie: it is partially due to regulation, right? if european banks want to do certain type of business, they have to have capital in the u.s., but i can only hold so much -- but they can only hold so much capital in the u.s. according to regulators. whatever they but do, in europe or asia, u.s. much harder are because regulators under the obama administration really went farther ahead than international rules required. they goldplated all of the u.s. capital and liquidity rules. that hasn't held them back, though. they increased capital levels much earlier than european banks. it help u.s. banks to say now we've done it, now we have good capital. now we can do all kinds of things and expand, and they did, and they've been making more mon
banks like j.p. morgan are firing on all cylinders, grabbing market share. j.p.aid a couple of months ago they even want to open more branches around the u.s., which is very unusual. for a decade we saw branches closing. so u.s. banks are doing great. europeans are doing much worse. japanese and canadian banks are in the middle. vonnie: it is partially due to regulation, right? if european banks want to do certain type of business, they have to have capital in the u.s., but i can only hold so...
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in one room are dead patients they've been dead since two thousand and eight that would be j.p. morgan goldman sachs deutsche bank b.n.p. society generali just b.c. . and in the other room you have a living middle class people and the point of blood bank is to take blood from the living middle class people and to transfused blood to the dead banks next door. they've been dead now for more than ten years the people that are in the middle class are going to start to stuff or suffer horribly and many of them will die by the way they won't be getting any of the blood from the other middle class people to keep them alive all the blood all the plasma goes to the dead but. we could only if you don't want the book. to do. some procedure. to me if you don't have to keep. your among the group was. to belittle them if you did what you except your then he says and pulls with folks like me that the security. will think oh. crucial we're going to do to. the pacific that this was the last stop at the push and i was. after the previous stage of my career was over everyone wondered what i was go
in one room are dead patients they've been dead since two thousand and eight that would be j.p. morgan goldman sachs deutsche bank b.n.p. society generali just b.c. . and in the other room you have a living middle class people and the point of blood bank is to take blood from the living middle class people and to transfused blood to the dead banks next door. they've been dead now for more than ten years the people that are in the middle class are going to start to stuff or suffer horribly and...
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Apr 9, 2019
04/19
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CSPAN2
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eye 92
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who challenged the biggest company of his time and became president, the john rockefellers and the j.p. morgan's he stood up to them and told them. we need courageous enforcers but i think the public is clamoring for something. we started talking -- one of the things about monopoly, just a matter of economics. it starts to bleed into politics and culture in an to what we call the news and facebook is the poster child. it got extremely large, they only cared about money and growth, they did not take the position responsibly, they ended up being hacked, instagram to which they controlled in the 2016 election. and they had a terrible effect on what passed in the news. so the social effects and political effects of facebook are enormous. amazon is another example. they are taking over industries, having an enormous effect of how people buy things. a lot of people like that because they're cheap but there's something to be said for that. the other hand, the externalities, side effects on labor and retail haven't fully been thought about in a systematic way. i do think we are allowing these
who challenged the biggest company of his time and became president, the john rockefellers and the j.p. morgan's he stood up to them and told them. we need courageous enforcers but i think the public is clamoring for something. we started talking -- one of the things about monopoly, just a matter of economics. it starts to bleed into politics and culture in an to what we call the news and facebook is the poster child. it got extremely large, they only cared about money and growth, they did not...
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educated woman she worked for j.p. morgan in london in new york and she really representative of women in indian politics. you know unfortunately you know i think we need more educated voices in a hunch and we need more female voices in parliament by the fact remains that she is actually an exception and definitely not. there's a statistic going to get it almost deep creek was sent off politicians have a clue. that means that impending clemente's is against them for crimes as they are we just have to model and yet consider paul because it's not considered a negative trait to be a criminal in politics and that's what she's dealing with but from what i have seen of its long. legs she should be should stop standing up to all of the deep rooted in the stodgy and sexism of we agree and i think we need more leaders say that and definitely more people like that in the hunt and get making it she also says that gender has nothing to do with it she said quote i think there are very few women's issues do you think that's the righ
educated woman she worked for j.p. morgan in london in new york and she really representative of women in indian politics. you know unfortunately you know i think we need more educated voices in a hunch and we need more female voices in parliament by the fact remains that she is actually an exception and definitely not. there's a statistic going to get it almost deep creek was sent off politicians have a clue. that means that impending clemente's is against them for crimes as they are we just...