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BofA Reports 40% Jump In Profit Boosted By Interest Income, Trading Profits; Charge Offs Rise

BofA Reports 40% Jump In Profit Boosted By Interest Income, Trading Profits; Charge Offs Rise

Following conflicting earnings reports by JPM, Citi and Wells, Bank of America reported a jump in its quarterly profit, announcing EPS of $0.41, above the expected $0.35, as net income rose 40% Y/Y to $4.86 billion, up from $3.47 billion a year ago. Revenue was $22.25 billion, up from $20.79 billion a year ago, with […]
This “Scary” Setup Looks Profitable No Matter What Happens

This “Scary” Setup Looks Profitable No Matter What Happens

This market is still going sideways, but I’m seeing a few warning signs, signs that traders and investors are getting a bit more cautious – and I trust the prices I’m tracking for this more so than pundits and public opinion. But the pundit class does have a role to play in this; they establish […]
US Dollar Is All About Divergence

US Dollar Is All About Divergence

As markets return to full participation following the Easter recess, and as a new trading week get’s underway, I thought it would be apposite to consider the three primary currencies of the US dollar, the yen and the euro on the daily timeframes. And for those of you who may be wondering why I have […]
Johnson & Johnson Q1 Earnings Mixed, Says Actelion Deal Will Close In Q2

Johnson & Johnson Q1 Earnings Mixed, Says Actelion Deal Will Close In Q2

Johnson & Johnson (NYSE:JNJ) early Tuesday posted mixed first quarter earnings results, but said its guidance remains unchanged as it works to fully integrate a big recent acquisition.
New York Is The 9th Most Expensive City In The World – Singapore Ranks No.1

New York Is The 9th Most Expensive City In The World – Singapore Ranks No.1

The Economist Intelligence Unit (EIU), the research branch from the same people that bring you the magazine, compiled their annual list of the world’s most expensive cities. Most cities on the list were in Asia, with a few dotted across the continent of Europe. Written by (BetterDwelling.com) Top 10 Most Expensive Cities In The World […]
Silver Price Forecast 2017/2018: Silver Prices Likely To Rise In A Concentrated Manner

Silver Price Forecast 2017/2018: Silver Prices Likely To Rise In A Concentrated Manner

Silver Price Forecast 2017 / 2018 Silver Prices Likely To Rise In A Concentrated Manner The long-term view of silver is extremely bullish, given that it is one of the most undervalued metals, today. It is evident that ideal economic conditions are present, for silver prices to rise for many years to come: All-time low […]
Sensex Finishes In Red; Realty Sector Tanks 3.8%

Sensex Finishes In Red; Realty Sector Tanks 3.8%

Indian share markets trimmed their morning gains and finished in red due to heavy selling in realty stocks and metal stocks amid mixed global cues. At the closing bell, the BSE Sensex stood lower by 95 points, while the NSE Nifty finished down 34 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished down by 0.6% and 0.7% respectively. Indian markets are hovering […]
Bank Stock Roundup: JPM, WFC, C, PNC Kickstart Q1 Earnings With Optimism

Bank Stock Roundup: JPM, WFC, C, PNC Kickstart Q1 Earnings With Optimism

Over the last five trading days, Q1 earnings season commenced with a bang for the banking stocks. Earnings reports from some mega banks reflect easing margin pressure and continued expense management. Moreover, banks reported a rise in trading income as heightened uncertainty related to potential policy changes led to a significant rise in client activity. […]
Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

European stocks slide as traders returned from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open. British markets were roiled after U.K. Prime Minister Theresa May said she would seek an early election on June 8, in a move […]
5 Reasons Why The UK Elections Should Be Pound Positive

5 Reasons Why The UK Elections Should Be Pound Positive

UK Prime Minister Theresa May surprised the world and announced a snap election on June 8th. With Labour’s consent, the elections will indeed be held on June 8th. May made a calculated gamble to head to the polls. She is aware of her high popularity and is likely to win. GBP/USD is already on the rise, topping 1.2665. Here are […]