Banks that Put Up $30 Billion to “Rescue” First Republic May Have Been Trying to Rescue their Own Exposure to $247 Trillion in Derivatives
HNewsWire: By Pam Martens and Russ Martens: June20, 2023 Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves…
JPMorgan Profit Plunges To 7 Year Low On $6.8 Billion In Loan Loss Reserves As Dimon Warns Of “Severe Recession”
And so the worst quarterly earnings season since the financial crisis (at least until the catastrophic Q2 earnings) is off, when moments ago JPMorgan reported that it missed expectations, with earnings plunging from a year ago, reporting Q1 adjusted revenue…
JPMorgan Shames Jeff Gundlach As The King Of The Armageddonists
They’re starting to go after each other… As bearish-biased analysts, strategists, and investors throw in the towel amid the market’s incessant FOMO-driven melt-up in the face of record global policy uncertainty, declining earnings, and a global economy showing anything but ‘troughing’;…