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  • JPMorgan: Nibble The Dip? [View article]
    Business is the variable for to judge the reputation. Since many big banks were involved in one way or the other, the people are not left with any choice then to stick to their banks.

    What is disappointing why they did not retreat again the expected earnings for 2014 to be range from 15% to 16%. Had they made the mistake earlier and now quietly getting back from this forward guidance. This is the biggest negative during the conference call. I expect they should come forward and clear the forward guidance.
    Apr 13 08:14 AM | Likes Like |Link to Comment
  • JPMorgan Deserves To Be Down After Reporting Decreased Revenues [View article]
    The Net Income for 1Q'14 is virtually same as last quarter - 4Q'13. How come EPS is 1.28 now and the last quarter 1.40 as stated above. If credit losses are subtracted from both periods, then there is more profit than Q4'13 by 742 million / EPS 0.20. Credit losses let's assume relate to period prior to 4Q'13. Is this, should not be the way to look at it? Anyway things get clearer if one put's is point of view.
    Apr 12 02:15 PM | 1 Like Like |Link to Comment
  • Why JPMorgan Chase Will Beat Estimates Despite Sluggish Economy [View article]
    Yes these analysis just misled us. Every year JPM used to give expected retrun on tangible equity which they omitted in quarterly review presenation. I just do not understand why then they mentioned in their letter to shareholders just a couple of days back. Strange. Whom to believe.
    Apr 12 09:26 AM | Likes Like |Link to Comment
  • Bank Of America, JPMorgan Kick Off Upcoming Mega Bank Results [View article]
    As far JPM is concerned, I have seen analyst estimate of 1.40 for now over 3 months. That is not new. Everybody knows that the profit from corresponding period of last year it would be low. Why analyst do not compare also with the last quarterly result? Why then price is falling?
    Apr 10 07:43 PM | Likes Like |Link to Comment
  • Notable earnings before Friday‚Äôs open [View news story]
    I also feel JPM has a tremendous potential. Have HQLA over $700 billion which when utilize in some investment can turn the corner with massive earnings. Interest margin which are currently down can bounce back when interest rate moves up. Another plus IMF has projected 3.6% growth for 2014 which is higher than 2013. For 2014, EPS would be 6.14 being 15% earnings on TBV. This has stated in Jamie Dimon, CEO's letter to shareholders attached with the Annual Accounts 2013.
    Apr 10 07:37 PM | Likes Like |Link to Comment
  • Why JPMorgan Chase Will Beat Estimates Despite Sluggish Economy [View article]
    What analysts estimate, Jamie Dimon in the letter to the shareholders estimated return on tangible equity of 15% instead of 16% predicted earlier. Even with 15% return, the EPS then comes to 6.15 for 2014. That's great.

    Operating expenses (excluding litigation ) is targeted one billion less in 2014.
    Apr 10 03:40 PM | Likes Like |Link to Comment
  • Why JPMorgan Is Heading To $65 [View article]
    I read in the Letter to Shareholders released today - 3 and half month passed of 2014 Jamie Dimon again mentioned that expect earnings to be 15% of tangible equity in 2014. This translated into EPS 6.15. This is great. Why don't we give this news to investors.

    The world economy as projected by IMF for the world is also on the upside from 2013 estimated actual growth. With economies going up, Jamie Dimon goal would be achieved for sure.
    Apr 10 02:28 PM | Likes Like |Link to Comment
  • Citi Has Tremendous Upside Potential [View article]
    The Citi shares are trading at discount perhaps its tangible book value is included of Deferred Tax Asset amount which is slightly above US$ 50 billion at the year end.
    Mar 31 06:10 AM | Likes Like |Link to Comment
  • Citigroup: No Dividend Hike Now, But What About The Long-Term Future? [View article]
    Is the quantative result not the outcome of qualitative input? If quantative is far than better there is no reason to bring the subjective things while rejecting Citi;s proposal by Fed. For sure they can give suggestions but the onous of implementation should rest with the BOD. Well this is my view.

    If Fed thinks, the minimum Tier 1 common capital ratio is too low, they can increase it. One thing that needs to be considered that USA banks should not be made uncompettive.
    Mar 28 05:35 PM | Likes Like |Link to Comment
  • Citigroup: Compelling Valuation Is Too Good To Ignore [View article]
    Good argument. Fundamnetals are the same even today.
    Mar 27 06:54 AM | Likes Like |Link to Comment
  • Citigroup's among 5 rejected capital return plans [View news story]
    Absolutely the market over reacted to the rejection news. The TBV would improve further by US$ 5 (nearly the expected EPS for 2014). The EPS seems achievable as CEO is confidant that Citi Holdings would break even in 2014. So what adds up is US$ 1.5b+ in profit. Once the CEO announces the time line for submission of revised plan, the price would jump back to atleast to its pre levels.
    Mar 26 05:54 PM | Likes Like |Link to Comment
  • Citi Statement on 2014 CCAR Results [View article]
    What seems now more important to resubmit their capital plan after understanding full demands of Fed.

    With expected EPS of US$ 5 for 2014, the book value would go further up by 4.96 per share. Break even on Citi Holdings is the great achiement in 2014.
    Mar 26 05:46 PM | Likes Like |Link to Comment
  • Bank Of America: One More Reason To Go Long [View article]
    What about dilution of capital in the event of conversion of preferred shares to ordinary stock of 700 million shares. This would dilute capital by 7%. Book value and EPS would likewise go down. Warren Buffet would exercise this option when dividend payout exceeds payment of dividend on preferred shares issued to him. Currently he gets about 300 mio in dividends.

    I would prefer a comparison is made of ten largest banks and these fundamentally strong in first 3 places where investment be made rather than looking into BAC alone
    Mar 23 12:31 PM | Likes Like |Link to Comment
  • Dick Bove Pounds The Table For Bank Of America [View article]
    The write has confirm whether he has taken into account conversion of preferred stock of value US$ 5 billion issued to Warren Buffet into 700 million shares at the initial investment value. How much dilution is going to take place is to be seen also.

    Regarding impact of 1% increase in interest rate would yield 3BN in profit for BAC is not an exception. Other banks may get more income then BAC as they have 100s of billions in idle cash sitting on side lines besides already loaned and invested. Just 3 billion JPM can earn on idle cash plus those on other loans and investments. These banks have no threat of stock conversion option of this massive scale. I don't want to doubt the doubling of price of BAC but investors would like to invest where price can be even more than BAC. So a relative analysis in full would be appreciated.
    Mar 22 12:47 PM | 1 Like Like |Link to Comment
  • Citigroup Is A Bargain As The Shares Will Trade At Book Value [View article]
    The profit can go up by $2.1bn from 2013 becuase of break even on Citi Holdings (loss of $1.9bn) and loss due to fraud (0.23bn) in Mexico. This roughly transaltes into 0.66 cents per share of additional profit in 2014. Since the economies world over are positive, we can expect further addition in profit in 2014. Currently I am not in a position to quantify the amount. Yes I also see a good return if held for another few years.
    Mar 18 05:14 PM | Likes Like |Link to Comment