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  • JPMorgan reaches $614M False Claims Act settlement with DOJ [View news story]
    Will it going to effect the EPS for Q1 2014 or the provision has been made in the books. The penalty issue seems unending now.
    Feb 5, 2014. 05:26 AM | Likes Like |Link to Comment
  • 5 Undervalued Companies For The Defensive Investor - January 2014 [View article]
    As far as JPM is concerned, the EPS (without penalty payment in 3rd and 4th quarter) would have been near Rs 6 per share in 2013. I expect EPS of atealst Rs 6 in 2014 as the GDP of big economies are showing positive growths. The effect of EMs would be minimal as the funds created thrrough QE are there to stay in the economies. Further, huge funds are lying idle with JPM and many other banks to take advantage of rising interest rate.
    Feb 2, 2014. 12:28 PM | Likes Like |Link to Comment
  • Is It Time To Withdraw From JPMorgan, Before The Bank Reports Earnings? [View article]
    I think with good stress test results, JPM may enhance dividend to 50 cents per quarter. Other banks are most likely to increase payout.

    In one of the conference, the CEO of COF indicated to raise payout greater than 50%. With & EPS, dividend would be 0.85 approximately from currently 0.30. So I foresee jum in payouts in all banks.
    Jan 13, 2014. 06:23 PM | 1 Like Like |Link to Comment
  • Merrill Lynch unveils its top 10 stocks to buy for 2014 [View news story]
    In order to avoid controversy, it would have been better had Merrill provided forward P/E for 2014 with SWOT analysis. The performance of their recommended companies for 2013 may also be provided with the rank of advance in their particular sector.
    Dec 8, 2013. 09:12 AM | Likes Like |Link to Comment
  • JPMorgan reaches tentative $13B settlement with DOJ [View news story]
    What i do not understand why in the first place JPM lends money knowingly they are not good mortgagaes and have to sell these after bundling them to investors. Had the markt did not fall that drastically, then these very securities were good. Once I read that if these sold securities would loose value, then the seller would compensate the loss. Can anyone explain what wrong JPM did?
    Oct 20, 2013. 07:28 PM | 1 Like Like |Link to Comment
  • JPMorgan Lowers The Bar For Q3 EPS - Should You Lower Your Investment? [View article]
    What about positive impact in NIM as a result of increase in interest rate. JPM estimated an increase in profit by US$ 2 B for every 100 basis point of increase. Surely Refinancing would go down as the interest rate goes up. I would like JPM to build in all the negative things in Q3 and one can then expect a good profit quarter after quarter beginning Q4.
    Sep 10, 2013. 10:14 AM | Likes Like |Link to Comment
  • August Nonfarm Payrolls misses estimates [View news story]
    There is so much being said about QE. Is it not the time to someone provide the figures where the money went. As I know, investors borrowed and invested abroad as one area where the large chunk went. I don't think it helped in anyway creating employment here. Even before last QE, banks and corporations had huge cash balances in their balance sheets. So not understandable who is borrowing money and where it is going.
    One thing is commendable that GDP surpassed the pre recession level with lesser people working. We have not yet absorbed over 8 millions jobs lost during recession period.
    Sep 6, 2013. 05:34 PM | Likes Like |Link to Comment
  • JPMorgan: Should You Sell This Fallen Angel? [View article]
    I just do not understand why the book value would decrease as pointed out in the article by the author. The yearly profit is over US$ 21 billion a year and I don't see legal cases can be that high too in a year.

    Further, the profits of banks would go up as the rate of interest goes up. With the rise in prices of homes, the risk of foreclosures would end too. The commodity business unit would also fetch profit as the prices of all major commodities have gone up from end June 2013. So I foresee the price of JPM to go up and not down. Currently I think the shares have been over sold.
    Sep 2, 2013. 10:31 AM | 1 Like Like |Link to Comment
  • JPMorgan: Should You Sell This Fallen Angel? [View article]
    JPM seems to be oversold. With forward EPS i.e from q4 2013 to q4 2014 of atleast $6, the price to reach 60+ with then negligible litigation costs. I assume Q3 to be a breakeven after full provision for legal cases.

    Aug 28, 2013. 02:59 PM | Likes Like |Link to Comment
  • A judge lets stand the FHFA's lawsuit against JPMorgan (JPM) accusing the bank of misleading Fannie and Freddie into buying as much as $33B of poorly underwritten mortgages. [View news story]
    If all of the above is true, then JPM has a case to fight in court.
    Aug 27, 2013. 03:03 PM | Likes Like |Link to Comment
  • JPMorgan: Low Provision Expenses, Earnings Power And Multiple Expansion Give Shares Up To 70% Upside [View article]
    So long as the economy is inching up, banks would continue to flourish. I see interest rate increase to benefit the banks a lot. If the commodity business is sold, JPM is to make a good money as the prices of metals have gone up after 06/30/2013. The future provisions envisaged by JPM of US$ 6.8bn is just one quarter profit. Once the slate is clean, there are then no major head winds for JPM for its price to have a normal price of atleast 11 times P/E.
    Aug 25, 2013. 08:52 AM | Likes Like |Link to Comment
  • Citigroup: Cheapest Of The Big Banks, With 45%+ Upside Potential [View article]
    Price to book value is actually the result of performance - a good P/E having a good dividend yield would have price to BV higher as compared to companies otherwise. As an example, JPM has P/E of 8.67 and dividend yield of 2.93% resulting in P/tangible book value of 1.43 whereas C having P/E of 15.86 and dividend yield of 0.08% is resulting in P/BV of 0.98. So the first 2 are very important. In order to fine tune one can get better result if forward P/E is taken instead. Do comment if this makes sense.
    Aug 19, 2013. 05:13 PM | Likes Like |Link to Comment
  • 10-year Treasury yield wants 3% [View news story]
    With current S&P 500 P/E of 18 with interest rate of 2.8%. If the Ten Yr bill rate increases by 1% to 3.8%, the S&P P/E ratio would go down to 17 - a decrease of average share prices by 5%. So the market can fell by 5% on an increase of TB yield by 1%.

    This answeres to PalmDesertRat querry
    Aug 17, 2013. 01:15 PM | Likes Like |Link to Comment
  • JPMorgan settles energy market manipulation probe [View news story]
    I think in business, manipulation is the norm. Just see internet and TV service providers. We cannot go to competitive service providers as they sometime leave the ground for others to charge higher prices in return of leaving other fields for them. This is my observation.

    Do anyone can tell your followeres whether JPM made a provision in previous quarter/s. This matter was known and I just have a feeling that they may have made a provison in the 2nd Q, 2012.
    Jul 30, 2013. 10:22 AM | Likes Like |Link to Comment
  • Instant Karma: JP Morgan Exits Physical Commodities [View article]
    The time to exit seems not correct. Currently the prices of metals are quite lows and JPM may suffere a huge loss in case of spin off. However a gradual net sale of commodities with smaller purchases can minimize the loss. As per filing March 31, 2013 results, JPM has value of over US$ 14 billion in this business. I also foresee a rise in price of JPM share price but it turned out to be negative after the news and share price dipped.
    Jul 28, 2013. 08:49 AM | Likes Like |Link to Comment