Posted on 10/14/2009 4:53:18 AM PDT by combat_boots
JPMorgan’s profit beat expectations in the third quarter, with investment banking operations posting strong gains, the company said Wednesday.
But the company warned that credit costs remained high.
The bank earned 82 cents a share in the third quarter, up from 9 cents a share in the same quarter a year ago. That was much higher than the 52 cents a share analysts surveyed by Thomson predicted.
JP Morgan shares rose more than 3 percent in pre-market trading.
Tier 1 common capital at JPMorgan [JPM 45.66 -0.42 (-0.91%) ] was also strengthened through capital generation during the quarter, up 8.2 percent to $101 billion, the bank said in a statement.
"While we are seeing some initial signs of consumer credit stability, we are not yet certain that this trend will continue," Chairman and CEO Jamie Dimon said in the statement.
(Excerpt) Read more at cnbc.com ...
That’s nice, they need a buffer for when the mortgage bomb blows up a second time.
just increase the cost/salary, to hide the profits, so not to draw political attention
Depression.
LLS
They know that the economy is about to implode.
They are making a mad dash for 10,000 on the DJIA.
Look to break the 5-digit barrier today. It’s a classic pump-and-dump.
So ACORN gets more money.
do you think in today’s climate what the politican reaction would be, if any of these companies posted record profits? Windfall profit taxes and other new taxes
Pay back the bail out money!
That's nice, but let's get back to the real problem, where are the jobs?
We're like a patient whose is fighting a really bad infection that's starting to improve, but the patient also has a huge aortic aneurysm that's could rupture at any time leading to quick and certain death.
We do ourselves no favor when we keep getting excited by improvements in various parts of the economy but ignoring the underlying causes.
Don't bother paging Captain Obvious. I already tried to get him but he's been totally overwhelmed by the recent Nobel prize development.
but ignoring the underlying causes
//////////////////
x act lee
We produce nothing
We employ less and less
We take the jobs that do exist and give them to illegals and H1b visas
Our Trade Deficit is allways huge
Our Budget is how many trillion in debt?
Our National Debt is how many trillions?
and on and on
no obambi change on the economic bleeding
They know that the economy is about to implode.
So why would they worry about that?
Aren't they still too big to fail???
We are nothing more than a family that’s been living on its credit cards. And when the cards fill up and we can no longer make the payments we turn to the second mortgage on our house. We will inevitable that we will run out of sources of credit, and when that happens our country will face the same outcome as the family in our example. Bankruptcy.
There are laws in economics that are just as unforgiving as those in physics. They just take a little longer to exert their full effect. But when they do the results are just as dramatic!
There was a poster years ago that showed a small light plane, I think it was a biplane, in the top of a large dead tree, the only tree in the picture. The caption said, in effect, the air is just as unforgiving as the ocean, just quicker. Wish I could find that poster!
Paying off debt with borrowed money is not the solution to any problem.
They make their largest financial gains and take over the greatest part of industry during the boom-bust cycle. They’re not worried. They’re licking their chops.
Bailing these idiots out, among others like Goldman Sachs, etc., was nothing more than a scamming of the American people.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.