The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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J.P. Morgan earnings slip 7%

NEW YORK (MarketWatch)
J.P. Morgan Chase & Co. reported its fourth-quarter profit fell 7% to $5.3 billion, or $1.30 a share, from $5.7 billion, or $1.39 a share, a year earlier
Net income for common shareholders was $4.9 billion, also down 7%
Adjusted per-share earnings were $1.40, after factoring in the sale of One Chase Manhattan Plaza and other one-time gains or expenses
Revenue fell 1% to $24.1 billion, from $24.4 billion a year earlier, the country's largest bank said 
Mortgage originations plunged 54% over the year, to $23.3 billion
Investment banking net income was down 57% over the year
Analysts had expected earnings of $1.26 a share on revenue of $23.7 billion, according to FactSet

2 comentarios:

geniopolis.net dijo...

J.P. Morgan Q4 mortgage originations down 54%

J.P. Morgan investment banking revenue falls 21%

J.P. Morgan EPS, sales fall but beat predictions

J.P. Morgan revenue $24.1 bln, down 1%

J.P. Morgan Q4 EPS $1.30, down from $1.39

geniopolis.net dijo...

NEW YORK (MarketWatch)
- Wells Fargo & Co. reported its fourth-quarter profit rose by 10% from a year earlier to $5.6 billion, or $1.00 a share. Revenue fell to $20.7 billion, from $21.9 billion a year earlier, the giant bank said Tuesday. Analysts had expected earnings of 99 cents on revenue of $20.68 billion, according to FactSet. The company said it grew net interest income and non-interest income during the quarter, despite a challenging rate environment and an expected decline in mortgage originations. Shares in Wells Fargo were down 1.2% in premarket trading.