Seeking Alpha


Send Message
View as an RSS Feed
View Phr3d's Comments BY TICKER:
Latest  |  Highest rated
  • JPMorgan: Strong Yield And ~15% Upside For 2015 [View article]
    Humbly disagree with your stellar review of jamie, Josh.. the embarrassing incidents, many more than whale, have all been under his watch, guidance and downright tutelage. What worked pre-crash has not worked well post-crash.. I am incapable of finding their profits Now, and many business lines are withering to one degree or another.

    Where once I had greater respect due to JPM's performance through the crash, I now hafta' wonder if they didn't see it coming and simply untangled themselves better than their like-business peers, who have Yet to recover. Of course, we'll never know.

    As JPM is a touchstone for the sector I would Really like to see them do well in 2015 (and avoid crippling headlines) but I'm not feeling it..

    I Am biased, so..
    Dec 19, 2014. 09:40 AM | Likes Like |Link to Comment
  • JPMorgan dips as CFO Lake talks down Q4 results [View news story]
    This just in, Headlines of December, -- 2015 --:

    Lake and Jamie -hint- that 4Q results will be lower than expected, so that the market swoons and cheers when they flatline for the 8th consecutive quarter, as the numbers aren't Nearly as bad as the street estimates.

    Citibank explains that a legal charge erases all profits from the previous record quarter earnings.

    BAC announces that an accounting error erases all profits from previous record quarter earnings.

    two banks have no updates, telegraphs, nothing to compress or redress their quarterly earnings, ending 2015 with boring, modest gains of double digits.

    Happy 2016 everybody!

    sarcasm, j/k, etc. for the humor impaired.
    Dec 10, 2014. 05:54 PM | Likes Like |Link to Comment
  • Wells Fargo' (WFC) CEO John Stumpf at Goldman Sachs US Financial Services Conference (Transcript) [View article]
    Informative presentation, enjoyed the Q & A.

    However (I don't know if SA staff will read this), it is nearly impossible to decode/ understand in Many areas, your voice recognition software has a Long way to go.
    In other words, it needs humans..
    Dec 9, 2014. 02:12 PM | Likes Like |Link to Comment
  • Financial sector leads the way on strong jobs number [View news story]
    gotta love churn, aka see ya' Monday <sigh>
    Dec 5, 2014. 11:50 AM | Likes Like |Link to Comment
  • Wells Fargo Is My Favorite Bank By Far [View article]
    amen to buybacks and laying the path to less-effort div increase!

    Hafta' wonder if you didn't wish you'd gone more heavily in May, as the resistance was under $50 there, after a significant gain Not remotely telegraphed by the street.. and is a distant memory, now? (safe to say it beat the Spurs equation?)

    Regardless, good summary, though I disagree with your outlook, but my bias is well documented since I have disagreed with 'the street' since '08 (and giggling all the way, >100% gain in five from a granite-safe investment is hard to believe).
    Dec 2, 2014. 11:48 PM | Likes Like |Link to Comment
  • Wells Fargo In Focus [View article]
    wow, not just a Troll, but an insulting self-important Troll..
    Nov 29, 2014. 09:32 PM | 2 Likes Like |Link to Comment
  • Wells Fargo In Focus [View article]
    "The segment provides financial services to businesses around the world with over $20 million per year in revenue."

    might need to check that?

    RE 25 years of increases to dividends -
    Not sure how I would word it either, particularly since their growth and consolidation has severely effected dividends, but hard to argue with Norwest's choices and results. In other words, when the dividend has not increased, it was due to a huge number of shares added amidst the costs of consolidation OR guv'm't Imposed dividend rates - makes for difficult charting to be sure.

    If you are willing to ahem, overlook the brief periods of weirdness, Norwest/WFC dividends have been steady and dependable.

    Thanks for the great summary, happy Thanksgiving!
    Nov 27, 2014. 12:23 PM | 3 Likes Like |Link to Comment
  • Best S&P 500 Dividend Stocks According To Graham Principles: JPMorgan Chase [View article]
    Thanks, as always, Arie, for an excellent summary of JPM.

    I came to a different conclusion (early this year), but understand your viewpoint.

    once burned, twice shy, me..
    Nov 25, 2014. 10:08 PM | Likes Like |Link to Comment
  • Why Investors Should Choose Royal Bank Over Wells Fargo [View article]
    unless you were forced to bail out when the stock hit $20 for a week, I can't imagine how you lost 'big bucks' on WFC stock. WFC also has a much lower non-perform than any bank save USB. After 17 Q of record earnings, I find it hard understand your belief that WFC has 'very poor operational practices'.

    Are you certain that you have not confused it with another bank?
    Nov 19, 2014. 03:15 PM | Likes Like |Link to Comment
  • More on BMO's Wells Fargo downgrade [View news story]
    anyone want to guess what these folks are describing as 'Core earnings'? Those double-digit linked Q growth numbers are apparently sidelines..

    now to watch if the experts convince WFC holders to 'rotate' to J & C.. or relax and wait for yet another Q of record earnings and y/y growth that make some others in the sector look mismanaged.

    oh, I forgot, "-some- of the important legal overhangs being resolved" will make the apparently impending flight more tempting.

    yep, another round of up & down a buck a day comin' our way.. <sigh>
    Nov 18, 2014. 04:15 PM | 1 Like Like |Link to Comment
  • JPMorgan settles $681M self-dealing Texas Shale Trust case - Bloomberg [View news story]
    Just wait until the Eye of Sauron focuses on Citibank.. insiders know that there were No rules that Citi wouldn't bend, break or patently ignore in the pre-crash days. But they lost near Everything in the crash, and the guv'm't was so desperate to prove it was "working for the peee-pulll" that they couldn't go after Citi as they would bankrupt them (again), wouldn't do to settle with Citi for millions and charge JPM billions - even us stupid public would figure That out.

    When Citibank starts posting billions in profits? the merde gonna hit the cyclone..

    I'll prolly get hammered (justifiably, perhaps) for this, but BAC was incompetence, Citi was malice aforethought (and to some extent, JPM - this, LIBOR and Whale being the glaring examples) .

    history shows the guv'm't will come small at first..

    this is of Course, simply my humble opinion.. Not be taken as any form of indication to bail the second that Citi QE show real profits and the stock returns to more normal values, LOL.
    Nov 15, 2014. 10:01 PM | Likes Like |Link to Comment
  • JPMorgan Deteriorating: Hold, But Have Finger On The Sell Button [View article]
    That's what I saw at earnings report, but as you say, the street definitely didn't agree.
    Do you plan to look at the other four of the 'big five' with this same depth?
    look forward to it.
    Thanks for the summary
    Nov 11, 2014. 03:28 PM | Likes Like |Link to Comment
  • Wells Fargo - Solid Results, But What Can Drive Appeal Further? [View article]
    Excellent Article! Particularly so when published by someone who avoids the industry.
    a couple points -
    The 'single digit' crisis number was a one-off, not that ~$12 was good either, but multiple open trades took place for ~$12 and WFC recovered to ~$20 (off ~33%) faster than the sector. Not important, but would like to know who 'edits' these charts, as there were No trades at $53.80 either, both numbers showed up days After the day in question (I'm kinda' OCD about watching ticker / tracking).

    During the crisis, the Guv'm't cut dividends to 5ยข, WFC was profitable throughout.

    Doubled their stores and market penetration for 50% increase in shares.

    Loan Loss Reserve was Gigantic at the merger and built in to their original offer, anticipating Wachovia's mortgage base to be worse than it was (and finally approved by the guv'm't after the TARP war, LOL). They carried it for years until they were secure that it was not justified against the sub half-percent actual loss. Those Wachovia loss reserves are already spent (to their detriment in 1Q14, MHO).

    Agreed Ray, regarding stalwart (WFC bench is Deep), even yesterday's panic causes little concern, except:
    Does anyone know what day that the dividend is calculated? Wonder what effect this -unprecedented- drop in share price will have upon dividends (unprecedented ignores the crash, I know, but I always do).
    Oct 16, 2014. 02:54 PM | Likes Like |Link to Comment
  • Update: Wells Fargo Q3 Earnings [View article]
    since you shorthanded your reply, and some readers are not privy to the Obvious and your complete grasp of investing 401, please expand.
    Oct 14, 2014. 01:05 PM | 3 Likes Like |Link to Comment
  • Citigroup Could Be Set Up For A Big Year In 2015 [View article]
    hate to break it to you, but a special dividend is now the providence of guv'm't.
    If I follow your hope, it would be that the guv'm't would Allow Citi to have Some of their plan, since they did well this quarter. I remind you that others in the sector did well for over a Year before they were Allowed to return Any dividend to investors. It was cruel-humor comical.

    Surprisingly Great quarterly performance, but never forget that the guv'm't gets to decide what is strong now, and the fact that Corbat has had famous difficulty adjusting to 'the new model' indicates that a stockholder windfall may be a ways off yet.

    A new legal Onslaught is always there as well.. bureaucratic budgets Must balance, after all.. and So Many New Investigative Employee salaries to cover, yes?
    Ya' know, the ones that justify their positions by.. oh, never mind.. that sounds like conspiracy.

    It ain't over 'til the fat political appointee croaks..
    Oct 14, 2014. 12:36 PM | Likes Like |Link to Comment