Dados pra hoje ...
Esta sexta-feira saem dois dados importantes:
- Consumer Price Index (13h30m) - esp. -0,1%
- Consumer Sentiment (14h55m) - esp 75
Comentário sobre o Consumer Sentiment:
Market Consensus Before Announcement
The Reuter's/University of Michigan's Consumer sentiment index rose to 76.0 for the final June reading, up from 75.5 at mid-June and from 73.6 May and 72.2 in April. Sentiment hit a recent low in mid-April of 69.5. The latest gain in sentiment was led by the current conditions component as the expectations component edged back. Looking ahead, the mid-July reading overall could be lifted by further gains in the stock market and a recent dip in initial jobless claims. But market expectations should still be modest given that unemployment remains high and hiring sluggish. (fonte: bloomberg)
- Consumer Price Index (13h30m) - esp. -0,1%
- Consumer Sentiment (14h55m) - esp 75
Comentário sobre o Consumer Sentiment:
Market Consensus Before Announcement
The Reuter's/University of Michigan's Consumer sentiment index rose to 76.0 for the final June reading, up from 75.5 at mid-June and from 73.6 May and 72.2 in April. Sentiment hit a recent low in mid-April of 69.5. The latest gain in sentiment was led by the current conditions component as the expectations component edged back. Looking ahead, the mid-July reading overall could be lifted by further gains in the stock market and a recent dip in initial jobless claims. But market expectations should still be modest given that unemployment remains high and hiring sluggish. (fonte: bloomberg)
- Mensagens: 35428
- Registado: 5/11/2002 12:21
- Localização: Barlavento
Como não encontrei nenhum tópico sobre o JP Morgan, deixo aqui este dado de hoje.
Abraço e BN
J.P. Morgan profit surges 76% as loan loss reserve shrinks
Bank takes $550 million charge to cover U.K. bonus tax
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By MarketWatch
LONDON (MarketWatch) -- J.P. Morgan Chase said Thursday that its second-quarter profit jumped 76% as results were boosted by a $1.5 billion reduction in the group's loan loss reserves.
The Wall Street giant posted earnings of $4.8 billion, or $1.09 cents a share for the quarter, compared to $2.7 billion, or 28 cents in the same period last year.
Excluding the reserve release and a $550 million charge to cover the U.K. tax on banker bonuses, J.P. Morgan /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 40.51, +0.16, +0.40%) earned 87 cents a share in the latest quarter.
/quotes/comstock/13*!jpm/quotes/nls/jpm JPM 40.51, +0.16, +0.40%
Analysts polled by FactSet Research had, on average, been expecting earnings of 74 cents a share. Net revenue on a managed basis fell 8% to $25.61 billion. Analysts had expected the group to report revenue of $25.81 billion.
Shares of the bulge-bracket bank gained 0.7% in pre-market trade. The stock is up 21% over the last twelve months, from the height of the financial crisis, but down 2.5% year-to-date.
Total provisions for credit losses declined 65% on a managed basis to $3.36 billion from $9.7 billion.
"Although we are gratified to see consumer-lending net charge-offs and delinquencies decline, they remain at extremely high levels and therefore returns in our consumer-lending businesses are still unacceptable," said Chairman and CEO Jamie Dimon.
As a result, these businesses did not meet expectations nor generate satisfactory returns on capital for our shareholders. It is too early to say how much improvement we will see from here," he added.
Provisions were down 55% in retail financial services and 52% in the group's card services division.
Dimon said the story was better in the wholesale business, where loss reserves shrank and customers are in an "increasingly healthy condition."
Net income for the investment banking business, however, fell 6% to $1.4 billion, reflecting a sharp drop in fees and higher noninterest expenses.
J.P. Morgan ranked second among bookrunners in global equity offerings for the quarter, but collected the most fees for its services during the first half of the year, according to Dealogic, an independent research firm. The bank also came in second in debt underwriting for the quarter.
In the three months, the bank was hired to underwrite key deals such as Essar Energy's /quotes/comstock/23s!e:essr (UK:ESSR 443.90, +14.90, +3.47%) $1.9 billion initial public offering in the U.K. and Synovus Financial Corp.'s /quotes/comstock/13*!snv/quotes/nls/snv (SNV 2.71, -0.07, -2.52%) $806 million follow-on.
Still, the group said equity underwriting fees fell 68% and debt underwriting fees dropped 6%.
J.P. Morgan was one of several big Wall Street banks that received government funds during the financial crisis, but repaid taxpayers ahead of its major rivals.
The bank's tier 1 ratio, a measure of the its capital cushion, improved to 12.1% at the end of June from 11.5% at the end of March.
http://www.marketwatch.com/story/jp-mor ... teid=yhoof
Abraço e BN
J.P. Morgan profit surges 76% as loan loss reserve shrinks
Bank takes $550 million charge to cover U.K. bonus tax
Explore related topics
Banks JPMorgan Chase & Co Essar Energy PLC Synovus Financial Corp
Story Quotes Comments Screener
Alert Email Print Share
By MarketWatch
LONDON (MarketWatch) -- J.P. Morgan Chase said Thursday that its second-quarter profit jumped 76% as results were boosted by a $1.5 billion reduction in the group's loan loss reserves.
The Wall Street giant posted earnings of $4.8 billion, or $1.09 cents a share for the quarter, compared to $2.7 billion, or 28 cents in the same period last year.
Excluding the reserve release and a $550 million charge to cover the U.K. tax on banker bonuses, J.P. Morgan /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 40.51, +0.16, +0.40%) earned 87 cents a share in the latest quarter.
/quotes/comstock/13*!jpm/quotes/nls/jpm JPM 40.51, +0.16, +0.40%
Analysts polled by FactSet Research had, on average, been expecting earnings of 74 cents a share. Net revenue on a managed basis fell 8% to $25.61 billion. Analysts had expected the group to report revenue of $25.81 billion.
Shares of the bulge-bracket bank gained 0.7% in pre-market trade. The stock is up 21% over the last twelve months, from the height of the financial crisis, but down 2.5% year-to-date.
Total provisions for credit losses declined 65% on a managed basis to $3.36 billion from $9.7 billion.
"Although we are gratified to see consumer-lending net charge-offs and delinquencies decline, they remain at extremely high levels and therefore returns in our consumer-lending businesses are still unacceptable," said Chairman and CEO Jamie Dimon.
As a result, these businesses did not meet expectations nor generate satisfactory returns on capital for our shareholders. It is too early to say how much improvement we will see from here," he added.
Provisions were down 55% in retail financial services and 52% in the group's card services division.
Dimon said the story was better in the wholesale business, where loss reserves shrank and customers are in an "increasingly healthy condition."
Net income for the investment banking business, however, fell 6% to $1.4 billion, reflecting a sharp drop in fees and higher noninterest expenses.
J.P. Morgan ranked second among bookrunners in global equity offerings for the quarter, but collected the most fees for its services during the first half of the year, according to Dealogic, an independent research firm. The bank also came in second in debt underwriting for the quarter.
In the three months, the bank was hired to underwrite key deals such as Essar Energy's /quotes/comstock/23s!e:essr (UK:ESSR 443.90, +14.90, +3.47%) $1.9 billion initial public offering in the U.K. and Synovus Financial Corp.'s /quotes/comstock/13*!snv/quotes/nls/snv (SNV 2.71, -0.07, -2.52%) $806 million follow-on.
Still, the group said equity underwriting fees fell 68% and debt underwriting fees dropped 6%.
J.P. Morgan was one of several big Wall Street banks that received government funds during the financial crisis, but repaid taxpayers ahead of its major rivals.
The bank's tier 1 ratio, a measure of the its capital cushion, improved to 12.1% at the end of June from 11.5% at the end of March.
http://www.marketwatch.com/story/jp-mor ... teid=yhoof
- Mensagens: 1397
- Registado: 24/7/2009 12:13
- Localização: 16
Ainda e muito cedo para "pensar" que podemos ter aqui um dos primeiros sinais de força dos touros. O dado ISM Non-Manf nao e propriamente um indicador com grande importancia.
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