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As the JPMorgan (JPM) earnings conference call begins (webcast here, presentation here), shares...

As the JPMorgan (JPM) earnings conference call begins (webcast here, presentation here), shares have given back their premarket pop following the headline beat (though they are up 22% over the last 90 days). Banks are in the business of making loans and earning a spread, yes? Total loans and net interest margin both declined over the quarter.
Comments (2)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Banks are in the business of making loans and earning a spread, yes?"

     

    We used to think so, but that thinking is so post-modern.

     

    The post-post-modern thinking is that banks make their money hiring out-of-work politicians and speculating in oil futures.
    12 Oct 2012, 08:47 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I thought they make money by raiding their reserves.....
    12 Oct 2012, 08:55 AM Reply Like
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