Market Currents

Just three months ago, Bank of America (BAC) and JPMorgan Chase (JPM) were perfect (trading to a...

Saturday, August 7, 2010, 8:00 AM ET
Just three months ago, Bank of America (BAC) and JPMorgan Chase (JPM) were perfect (trading to a profit every day of the quarter), but perfection's harder to come by in Q2: BofA lost on 12 of 63 days and JPM lost on eight of 65 days. Still, financials overall haven't been hurting: up 3% as a sector in the past three months, vs. the S&P 500's -0.6%.

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This news story has 6 comments:

farmer448 Comments (229)

80% and 87% winning percentage. How many other gambling operations have that high a payout.

7 Aug 2010, 08:27 AM Reply Like

herbert hoover Comments (2005)

It's not really gambling when you are playing with the house's money.

7 Aug 2010, 08:57 AM Reply Like

CRUDE GOLD Comments (369)

Dum dum really took losses, believing the top is in? AH AH AH
I believe HFT did most of the action. No monkey to hit the sell button.
I was down 10-15% for months with Breakwater Resources
But yesterday it was up 24%.
I'm so sad, I should be stopped out before I took my 1800$
gain...

7 Aug 2010, 08:28 AM Reply Like

davidbdc Comments (2990)

Bad news for JPM and GS investors....... I'm just warming up!!!!! :)

7 Aug 2010, 11:02 AM Reply Like

Wyatt Junker Comments (4505)

If BofA and Citi are the gamblers, then the Federal Reserve is the pit boss.

7 Aug 2010, 01:46 PM Reply Like

mike mohr Comments (444)

Another back door bail out with tax payer's money.
Instead of creating jobs we gave them money to pay millions of dollars in bonuses.

7 Aug 2010, 02:35 PM Reply Like

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