Yesterday after the market close, the Federal Reserve announced the results of Comprehensive Capital Analysis and Review (CCAR). In CCAR, the Fed evaluates capital ratios under distressed financial and economic conditions, the plan to comply with Basel 3 capital requirements, and the capital planning process. The Fed approved capital plans
This post was just published on ZYX Buy Change Alert The position is long with an average price of $34.14. Currently, 15% of the full core position size is being held. There is no change in our fundamental thesis on JPM. More profits are yet to come. However the market is
On Thursday, Moody’s downgraded 15 banks. On the surface it seems counterintuitive, but the downgrade is positive for JP Morgan (JPM), Morgan Stanley (MS) and Bank of America (BAC) . My 30 years in markets have taught me that it is always positive when an overhang is lifted. Back in
A circus dwarf sat on the lap of J.P. Morgan, Jr. and posed for pictures while the storied banker waited to testify before a senate committee on the 1929 crash. A lot has changed since 1933, but some things have remained constant. Jamie Dimon, CEO of J.P. Morgan JPM is
There is not much doubt thatBest Buy (BBY) will go out of business eventually unless it changes the way it does business. Finally there is a big leap at Best Buy to arrest the company’s downward spiral. Best Buy founder and former chairman Richard Schulze has resigned. Schulze owns 20.1% of the company.
JP Morgan (JPM) recommendation is being withdrawn. JP Morgan reports unexpected big investment loss in the range of $800 million to $2 billion. JP Morgan’s CEO calls the loss egregious and self-inflicted. JP Morgan now sees more portfolio risk than they recently disclosed in their earnings call. This appears to be
This post is being reproduced from an earlier post in ZYX Buy Change Alert. J.P. Morgan (JPM) is the strongest bank in the U.S. and perhaps in the world. Yesterday JPM reported earnings . The stock first spiked up and then went down with the market. The CEO Jamie Dimon was very optimistic on the
It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily on funding in the wholesale money markets. It appears that a major bank was having difficulty funding its immediate liquidity needs. The cavalry was called in and has
After studying the details of the debt ceiling deal, here is a list of action items that all investors should consider: Short sell nursing home stocks. On our radar screen are Skilled Healthcare Group (SKH), Sun Healthcare Group (SUNH), and Kindred Healthcare (KND). Buy banks with strong treasury exposure. On
JPMorgan (JPM) is dead money in the short run. This post is in response to several emails that we have received from the readers of this blog. At this juncture three screens of the ZYX Change Method are positive and three screens are negative.We have carefully analysed JPMorgan’s conference call. Our