Bank Earnings (Private)

• JPMorgan misses 4th-quarter profit estimates as bond trading slumps JPMorgan Chase missed profit estimates for the fourth quarter as a slump in bond trading revenue overpowered strong consumer loan growth and record revenues.• As loans and revenue shrink, Wells Fargo leans on cost cutsWells Fargo’s loan book shrank and revenue fell across all its major businesses last

$GS and $ASIA

Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters.

Cost cutting is working for Banks Shareholders $GS $MS

Morgan Stanley reported a lower second-quarter profit but beat expectations by delivering relatively strong bond-trading revenue and cutting expenses. Tomorrow we will hear from VISA:   Visa Inc, the world’s biggest payments network operator, is slated to report a bigger third-quarter profit, but investors will be more interested in the status of its merger with

$GS Traded lower

I was expecting a pop on on $GS and did not work Goldman details cost savings plan after “challenging” quarter Goldman Sachs reported a higher second-quarter profit, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.  
  • Published in GS

#Bank Earnings: $GS is going to report

Goldman Sachs Group Inc’s second-quarter profit is expected to increase from the year-ago period, when the investment bank recorded hefty legal provisions. Goldman’s results are also expected to get a boost from improved trading activity due to Brexit. Like other Wall Street banks, Goldman has been heavily focused on cutting costs over the last several
  • Published in GS

Earnings Summary

Earnings Summary: AGI Alamos Gold reports Q4 revenue $53.8M, one estimate $66.68M – Alamos sold 42,200 ounces of gold Q4 for quarterly revenues of $53.8M, a 50% decrease from revenues of $106.9M in the same period of 2012 reflecting a lower realized gold price and fewer ounces sold.  BBT BB&T reports Q4 EPS 75c, consensus