Comments on: JPMorgan, Goldman Sachs Profit Surge is an Accounting Mirage, Not a Sustainable Sector Trend

By: Wall Street Back to Business as Obama's Regulatory Overhaul Loses Momentum

Wall Street Back to Business as Obama's Regulatory Overhaul Loses Momentum — Thu, 17 Sep 2009 13:48:12 +0000

[...] The story was much the same at JPMorgan whose investment-banking operations generated $1.47 billion of profit, almost quadruple the amount earned in last year's second quarter. [...]

By: U.S. Turning Profit on TARP, but Big Loans Remain in Banks' Hands

U.S. Turning Profit on TARP, but Big Loans Remain in Banks' Hands — Tue, 01 Sep 2009 01:55:56 +0000

[...] many banks stanched their losses and began to turn a profit, the government authorized them to buy back the preferred stock, make the dividend payments for [...]

By: Beware of the Obama Stimulus Trap

Beware of the Obama Stimulus Trap — Fri, 31 Jul 2009 09:00:16 +0000

[...] The trading operations of Goldman Sachs Group Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE: JPM) both just reported record profits. [...]

By: Matt

Matt — Mon, 20 Jul 2009 16:06:46 +0000

Another ploy by the Obama administration to pull a fast one on the American public. Had the last administration been allowed to disallow the "Mark to Market" provision of the
Sarbanes we wouldn't be in as bad a mess as we are in now. The chief culprit is ACORN and the other activist extortionists that extorted the banks into giving the bad loans or get bad press from the leftist news consortium.

By: Market Recoils as CIT Edges Toward Bankruptcy

Market Recoils as CIT Edges Toward Bankruptcy — Mon, 20 Jul 2009 10:57:45 +0000

[...] GS) easily surpassed analysts’ earnings estimates on solid trading revenues, while JP Morgan got a boost from its investment banking division to shatter the forecasts. [...]

By: Citigroup and Bank of America Post Second-Quarter Profit but Will Likely Struggle in the Second Half

Sat, 18 Jul 2009 16:30:18 +0000

[...] firm, like rivals Goldman Sachs and JPMorgan, also reported a record trading profit and a pickup in banking fees. BofA reported $6.7 billion in [...]