25 de Abril. As 27 horas e 30 minutos que fizeram a Revolução

[carf2007]

já agora não seria possivel acertar tambem o relogio do forum ?

[pvg80713]

mas como diz o fogueiro, nos tempos que correm até pode ser que noticias como estas... façam subir...

[pvg80713]

tudo lixado... vamos ver os futuros...

[Enslaved]

Desculpem por ter destabilizado este tópico . O erro já está corrigido .

[pvg80713]

Bank of America's first-quarter profit sinks 77% to $1.21 billion, or 23 cents a share, missing estimates

[The Mechanic]

É às 14h30 a Conference Call , mas já saíu o Press Release ...

Bank of America Corp (BAC.N: Quote, Profile, Research), the second-largest U.S. bank, on Monday said first-quarter profit fell, hurt by write-downs and rising credit losses.

Net income for the Charlotte, North Carolina-based company fell to $1.21 billion, or 23 cents per share, from $5.26 billion, or $1.16, a year earlier.

Um abraço ,

The Mechanic

[Fibonacci]

Bank of America Earnings Fall 77% on Writedowns for Bad Debt

April 21 (Bloomberg) -- Bank of America Corp., the second- largest U.S. bank, said profit dropped 77 percent as job losses and falling house prices caused more people to miss payments on credit cards and home loans.
First-quarter net income declined to $1.21 billion, or 23 cents a share, from $5.26 billion, or $1.16 a share, a year earlier, the Charlotte, North Carolina-based company said today in a statement. The average estimate of 21 analysts surveyed by
Bloomberg was 41 cents.
The slide casts doubt on Chief Executive Officer Kenneth Lewis's goal to increase profit by at least 20 percent this year. The bank's consumer unit, which contributed more than 60 percent of operating income in 2007, faces a nationwide jump in unpaid debt and the highest unemployment rate since 2005.
Overdue U.S. credit-card bills are the most in more than three years and foreclosures soared 57 percent in March.
``The decline in housing prices has to be solved for things to get better,'' said Chris Hagedorn, portfolio manager at Fifth Third Asset Management in Cincinnati, in an interview before earnings were disclosed. ``In terms of the maximum point of
pain, I don't think we're there yet.'' Fifth Third manages $22 billion and owns Bank of America shares.
Revenue fell 6 percent to $17.3 billion. Profit decreased to $1.09 billion in the consumer and small business unit, and fell to $115 million from $1.48 billion at the corporate and investment bank.

Citigroup Reports

Citigroup Inc., the biggest U.S. bank by assets, reported a first-quarter loss last week of $5.1 billion, smaller than analysts' most pessimistic estimates. JPMorgan Chase & Co., ranked third, said earnings declined 50 percent. Both are based in New York. Wachovia Corp., ranked fourth and based in Charlotte, posted an unexpected loss of $393 million.
Bank of America closed at $38.56 a share in New York Stock Exchange composite trading on April 18. The stock slid 8.1 percent in the first quarter, compared with JPMorgan's 1.6 percent drop and Citigroup's 27 percent decline. The 24-member KBW Bank Index dropped 11 percent. Bank of America
supplanted Citigroup last year as the largest U.S. bank by market value, and issued more credit cards than any of its domestic competitors.
``Investors aren't looking for heroics,'' said Nancy Bush, an independent bank analyst in Aiken, South Carolina, before results were released. ``They want to hear the bank say the end of the pain is near and they don't have to cut the dividend.''

Countrywide Purchase

Bank of America will move deeper into the mortgage business when it acquires Calabasas, California-based Countrywide Financial Corp., the biggest U.S. home lender. The stock-swap transaction, originally valued at about $4 billion and scheduled
to be completed in the third quarter, gives Bank of America a role in one out of every four home loans in the nation.
Countrywide, with losses of $1.6 billion over the past two quarters, is scheduled to report quarterly results on April 29.
The world's biggest banks and brokerages have disclosed more than $250 billion of writedowns and credit losses since June because of collapsing prices in U.S. mortgage markets.
They've raised more than $160 billion to replenish capital, with Bank of America tapping public investors for at least $13 billion after writedowns and credit losses that totaled at least $8.2 billion before today, according to data compiled by Bloomberg.
Late payments in the bank's $81 billion credit-card portfolio may have reached 5.8 percent as of Feb. 29, compared with an industry average of 4.1 percent, according to data compiled by Bloomberg on securitized loans.

Potential Costs

``Bank of America is doing everything possible to determine how much they think they might lose over the next year or two, and take as much of that upfront as possible,'' Richard Bove, an analyst at Punk Ziegel & Co., said in an April 17 Bloomberg TV
interview. ``The problem that they face, however, is that there is continued erosion in the housing markets.''
Assuming 2 percent of the bank's home-equity loans are uncollectible this year, the cost may be $2.3 billion, Fitch Ratings analyst John Mackerey said in a March 14 report. If the bad loans reach 5 percent, the damage could total $5.9 billion, he said.
About half of Bank of America's home-equity loans are in California, Nevada, Arizona and Florida, four states where housing prices are sliding faster than the national average.
Countrywide, with $34 billion in home-equity loans as of Dec. 31, also concentrated on those regions. All four ranked among the top 10 states with the most foreclosure filings last month, according to Irvine, California-based RealtyTrac Inc., a seller of default data. U.S. median home prices as of February
were 15 percent below the peak of $230,200 in July 2006, according to the Chicago-based National Association of Realtors.

[pvg80713]

penso que o BofA vai ser o factor decisivo para a retoma do bull... só que estes não desiludam, já pode ser suficiente.

[The Mechanic]

É às 14:30 ...

Eli Lilly & Co., the world's biggest maker of psychiatric drugs, said first-quarter profit more than doubled from a year earlier, when the acquisition of the maker of the impotence drug Cialis depressed earnings.

Net income was $1.06 billion, or 97 cents a share, from $508.7 million, or 47 cents, a year earlier, the Indianapolis- based company said today in a statement on PRNewswire. Earnings excluding items such as costs to quit developing inhaled insulin, were 92 cents a share, missing by five cents the average estimate of 16 analysts surveyed by Bloomberg.

Teve o dobro dos lucros do ano passado ...mas , não convenceu os exigentes Analistas.


Um abraço ,

The Mechanic

[carf2007]

o amigo Enslaved ainda nao mudou para o horario de verão. e tem razão ... com este tempo !! lol

[Fibonacci]

BANK OF AMERICA 1Q NET 23C-SHR

[scpnuno]

(vejam lá se se decidem, que eu tenho que decidir se vou comprar a prenda do scpnunão à hora de almoço ou não...ás 14.30 dá tempo, ás 13.30 não - não me baralhem!!!)

[carf2007]

Segundo os meus calculos 9:30 ET correspondem a 14:30 GMT

Alguem confirma ?

Abraços.

[Enslaved]

Bank of América - História do dia .

.

Os resultados saem às 14.30 .

[Scorpio]

E acho que vou parar com isto das Noticias que isto dá muito trabalho...

Eh pá não faças isso, pois este é um dos tópicos mais úteis e mais a propósito do CB. Assim a malta evita de correr 247 sites para ver isto... e para ti também é óptimo porque também te obriga a levantar cedinho, que faz bem à saúde...

Abraço.

P.S. Agora a sério, continua porque é bom receber assim as notícias com bom humor logo de manhã. O próprio Joe (esse mesmo ) já me confessou que passa por aqui ainda antes de tomar o peq. almoço para ver qual é a tua previsão para o dia, e decidir qual é a empresa que vai tentar afundar a seguir, investindo lá...

[The Mechanic]

O BAC irá hoje certamente marcar o dia e parte da semana , na sequencia da outra excelente que findou , para os Bulls .

Mas outras notícias fazem hoje o dia...


Por cá :

Portugal Telecom - As acções da Portugal Telecom transaccionam sem direito ao dividendo

SAG SAG - paga dividendo


Por aí :

The Bank of England said it will swap about 50 billion pounds ($100 billion) of government bonds for mortgage-backed securities to lower credit costs and revive lending by U.K. banks.

Royal Bank of Scotland Group Plc, the U.K.'s second-biggest lender, plans to start a fund to transfer the risk of losses from 1.5 billion euros ($2.3 billion) of high-yield loans, according to three people with knowledge of the proposal.

Na Bretanha, vái-se fazendo pela vida e os Instrumentos financeiros movimentam-se frenéticamente pra fazer face à Crise Financeira. É um bom sinal . É sinal de que algo está a ser feito , tendo em vista um objectivo ( que em ultima instancia, sería a saida da actual situação , seja lá quando for que os resultados se tornem visiveis )

Novartis - Apresenta resultados . Outra farmaceutica gigante. Esta na Europa .



Por lá :


Texas Instruments - Apresenta os 1st Quarter results . A Amtech lançou ontem um downgrade e eu acho que quando fazem isso, alguma coisa sabem ( de outra maneira, acho estupido uma CI lançar uma recomendação na vespera , arriscando-se a sair exactamente ao contrário, dando uma imagem de "incompetentes" ), com base em perspectivas de que esteja a perder quota de mercado .
Esperam-se ganhos de 43 cents por acção .


Eli Lilly (LLY ) - Importante farmaceutica a divulgar resultados . Esperam-se 96 centimos de ganho por acção ou $ 4,82 Billion . É possivel que bata as estimativas devido a um novo medicamento que tem estado "com saida" .O que está a dar é drogas ...

Merck (MRK ) - Outra farmaceutica gigante que mostra hoje o que vale . Esperam-se ganhos de 86 cents por acção .

Halliburton (HAL ) - O gigante dos Serviços em Energia , deve apresentar bons resultados. Isto é só Petroleo/Energia por todo o lado . Deve ter o seu quinhão bem demarcado .Esperam-se ganhos de 64 centimos por acção .


Bank of América - História do dia .

Outro Banco Americano que está farto de levar na tola, apresenta hoje resultados do primeiro trimestre , antes da abertura .
O Banco nr. 1 ( Citi )dos EUA deixou os investidores satisfeitos . O nr.3 ( JPMorgan ) tambem mandou os Mercados para cima . Espera-se que o Banco nr.2 dos Americanos não vá destoar e dar sinal que, afinal , nem tudo está assim tããão mal ( embora esteja, de facto, mal ) .
Esperam-se Ganhos de 41 a 49 cents por acção .



Bons negocios .


E acho que vou parar com isto das Noticias que isto dá muito trabalho...



Um abraço ,

The Mechanic

[scpnuno]

Citigroup já sobe 8% e arrasta tudo pra cima .

A Catrapila tambem sobe quase 4% ...

Acho que temos Bull pra mais uns dias ,pelo menos.


Um abraço ,

The Mechanic

Gostaria de relembrar V. Senhoria que ainda há (por estranho que pareça) senhoras a ler o que o Dr. Lobo escreve... senhoras, por sinal, perfeitamente capazes de lhe passarem com uma "Catrapila" por cima....

[msoares36]

Citigroup já sobe 8% e arrasta tudo pra cima .

A Catrapila tambem sobe quase 4% ...

Acho que temos Bull pra mais uns dias ,pelo menos.


Um abraço ,

The Mechanic

CatraCatraCatrapila... é aquela empresa que vende aquelas ferraris todo terreno, que o novo CEO da Mota necessita < paletes delas > para ir para Benguela...
Que suba bastante,aver se os ditos ferráris ficam mais baratos... e é sempre menos uns cobres para dar lucro á obra...

[The Mechanic]

Citigroup já sobe 8% e arrasta tudo pra cima .

A Catrapila tambem sobe quase 4% ...

Acho que temos Bull pra mais uns dias ,pelo menos.


Um abraço ,

The Mechanic

[Robin Citadino]

"April 18 (Bloomberg) -- Caterpillar Inc., the world's largest maker of bulldozers and excavators, said first-quarter profit rose 13 percent, more than analysts predicted, as sales to China and India gained. Caterpillar rose in early trading.

Net income climbed to $922 million, or $1.45 a share, from $816 million, or $1.23, a year earlier, the Peoria, Illinois- based company said in a statement today. Sales increased 18 percent to $11.8 billion.

Caterpillar has been boosting operations in Asia, India and Eastern Europe, where construction and mining are driving machinery sales. That's buffering a slowdown in North America tied to the deepest U.S. housing slump in more than 17 years. Chief Executive Officer Jim Owens today said the U.S. is ``currently weathering a recessionary storm'' and that North American sales may be below the company's previous projection.

``Demand for equipment in emerging markets remains at high levels,'' Jamie Cook, an analyst with Credit Suisse in New York, wrote in an April 16 note. She has an ``outperform'' rating on the stock. U.S. ``residential activity remains at extremely depressed levels.''

The results beat the average estimate from 19 analysts in a Bloomberg poll for profit of $1.33 a share and sales of $10.6 billion. Caterpillar rose $2.65, or 3.3 percent, to $82.24 at 7:58 a.m. in trading before the regular open of the New York Stock Exchange. The stock had gained 16 percent in 12 months."


O arranque está preparado, resta saber se aguenta o resto do dia...


"S&P futures vs fair value: +21.0. Nasdaq futures vs fair value: +37.5. Futures indicate a decidedly positive start to Friday's trading, helped by a positive earnings surprise from Google (GOOG) after yesterday's close. This morning's announcements, however, have been mixed as Citigroup (C) and Schlumberger (SLB) fell short of the consensus earnings estimate, but Honeywell (HON) and Caterpillar (CAT) topped analysts' forecasts."
Fonte: Yahoo

[The Mechanic]

( a net do Fibonacci é mais rápida que a minha )

Citi Reports First Quarter Net Loss of $5.1 Billion, Loss Per Share of $1.02

Citigroup posts $5 bln loss on more than $10 bln writedow

By Greg Morcroft


NEW YORK (MarketWatch) - Citigroup (C:Citigroup, Inc ) , the nation's largest bank, said on Friday that it lost $5.1 billion or $1.02 a share a share in the first quarter, driven by $6 billion of pre-tax write-downs and credit costs on sub-prime related direct exposures.
The firm also announced write-downs of $3.1 billion on funded and unfunded highly leveraged finance commitments, a downward credit value adjustment of $1.5 billion related to exposure to monoline insurers, write-downs of $1.5 billion on auction rate securities inventory, and a $3.1 billion increase in credit costs in its global consumer business. The result compares to a profit of $1.01 a share a year ago.
Analysts polled by Thomson First Call had expected the firm to report a loss of 95 cents a share, on revenue of $12.8 billion.

Os Mercados reagiram logo em alta , embora os prejuizos sejam maiores que o previsto ( $-1,02 x -0,95 expected ).

A reacção terá a ver com o facto que no "quarter" anterior os prejuizos terem sido de $10 Billion e agora serem "só" de $5 Billion .

Vamos esperar uma horazita e já se vê ( reacções primárias à parte ) para onde é que isto vái , com base no que os Mercados irão fazer .


Um abraço ,

The Mechanic

[SirPatrickBateman]

Tem sido tipico dos ultimos dias...

Está tudo à espera do fim do mundo, mas afinal são só empresas com uns pequenos prejuizos.... e então, siga, tudo para cima!!!

Expectativas adaptativas...

[carcanhol]

Não percebo?

Os numeros não são maus?

Porque é que está tudo aos pulos?

[msoares36]

do sp500_mini.
sugestivo...

[The Mechanic]

Citi Reports First Quarter Net Loss of $5.1 Billion, Loss Per Share of $1.02
Friday April 18, 6:30 am ET
Net Loss Primarily Driven by Fixed Income Results and Higher Consumer Credit Costs
Continued Business Volume Momentum
Record Earnings in Transaction Services, up 63%; International Revenues Strong


NEW YORK--(BUSINESS WIRE)--Citigroup Inc. (NYSE:C - News) today reported a net loss for the 2008 first quarter of $5.1 billion, or $1.02 per share, based on 5,086 million shares outstanding(1). Results include $6.0 billion in pre-tax write-downs and credit costs on sub-prime related direct exposures. Results also include write-downs of $3.1 billion (net of underwriting fees) on funded and unfunded highly leveraged finance commitments, a downward credit value adjustment of $1.5 billion related to exposure to monoline insurers, write-downs of $1.5 billion on auction rate securities inventory, and a $3.1 billion increase in credit costs in global consumer.

Um abraço ,

The Mechanic