Wednesday, October 14, 2009

Those Earnings

from JPM:
"Net revenue was $7.5 billion, an increase of $3.4 billion, or 85%, from the prior year. Investment banking fees were up 4% to $1.7 billion, consisting of equity underwriting fees of $681 million (up 31%), debt underwriting fees of $593 million (up 19%) and advisory fees of $384 million (down 33%). Fixed Income Markets revenue was $5.0 billion, up by $4.2 billion, reflecting strong results across most products and gains of approximately $400 million on legacy leveraged lending and mortgage-related positions, compared with markdowns of $3.6 billion in the prior year. "
Marking up the mortgages huh?

and  Intel's
SAN FRANCISCO (MarketWatch) -- The tech sector staged an early rally on Wednesday, powered by Intel. Corp.'s upbeat earnings report.
Intel /quotes/comstock/15*!intc/quotes/nls/intc (INTC 21.03, +0.54, +2.64%) , the world's biggest semiconductor company, posted a lower profit, but reported better-than-expected sales and a fourth quarter outlook that exceeded Wall Street expectations....
Riding on Intel's upbeat view of the near future, shares of other chip companies also rose.  These gains helped set the stage for a sector-wide rally that pushed the Nasdaq Composite Index up about 1% to 2,160.

Sure hope consumers decide to buy new computers for Christmas.

US consumer confidence falls in latest week-ABC 

NEW YORK, Oct 13 (Reuters) - ABC News on Tuesday said that its weekly gauge

of U.S. consumer confidence fell, as Americans took a dimmer view on the buying
climate and their personal finances.
The Consumer Comfort Index fell to -48 in the week ended Oct. 11, from a
reading of -45 in the previous week.
The index first hit a record low of -54 in the week to Dec. 1, 2008, and
again in the week to Jan. 25, 2009.

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