07/17/2009白天灌水: DE Bank of America出来了， 今天还差C 和CIT

金瓶梅

DE Bank of America出来了，如何理解

今天还差C 和CIT， 估计这2个80% 好不了，好了就上天了

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General Electric Co. said Friday its second quarter net income tumbled 49
percent on continued。 But the earnings results surpassed Wall Street expectations
and GE

(my understanding is bad)

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Bank of America reporting a big second-quarter profit even as losses from
failed loans continued to rise. Bank of America said Friday its earnings
after payment of preferred dividends fell to  33 cents per share, Analysts
expected profit of 28 cents per share.Their revenue forecast, however, was
slightly ahead of Bank of America's actual revenue of $33.1 billion.

(my understanding is lovely )

mary666

thx

zeru001

C's report is out.  It seems positive.

ajs

Citigroup Inc(C, Trade )said on Friday that it posted a second quarter profit of $4.3 billion, or 49 cents a share, which includes an $11 billion pre-tax gain from its joint venture with Smith Barney, which closed on June 1. Analysts polled by Thomson Reuters had expected the company to lose 37 cents a share in the quarter. Revenue in the quarter was $30 billion. Last year, the company said it lost $2.5 billion, or 55 cents a share in the second quarter.

zeru001

Citigroup joined four other big banks in reporting strong results for the quarter. After paying preferred dividends, the bank earned $3 billion, or 49 cents per share. It lost $2.59 billion, or 55 cents per share, during the same quarter last year.
(That seems good)

However, Citi's profit was not driven by improved trading like other banks, and instead came from the gain on the sale of its Smith Barney unit and the increasing values of some of its riskier assets that had plunged during the credit crisis. The New York-based bank recorded an after-tax gain of $6.7 billion on the sale of a majority stake in its Smith Barney brokerage unit to Morgan Stanley.
(but not as good as the others)

wmi2009

do the math, they got 6.7b from sale. however, the total gain is 3b. In another word, they lost 3.7b from other part. The sale is one time deal.  that's more than 1 years ago. Interesting.

金瓶梅

why did the market reflect neutrally?

金瓶梅

Thanks for the infomation

Excepting the sale, C lost actually 3,7 billion, or  60,4 cents per share,
while the forecast is 37 cents per share. which means out of expectation
a lot, does it make sense.

The market seems quite tolerant to it, doesn't it?

wmi2009

right now, nothing make sense. I don't understand, so I stay sideway.

COS

yoy_158

盘前上天了

dara

market is so so strong.

palm

morning.

yoy_158

骚啊 SPY@93.84

pili

is today OE day?

金瓶梅

好消息不断， 除非那个CIT Group Inc 今天来个拿不到钱,

June housing construction rises

The Commerce Department said Friday that construction of new homes and apartments jumped 3.6 percent last month to a seasonally adjusted annual rate of 582,000 units, from an upwardly revised rate of 562,000 in May.

That was better than the 530,000-unit pace economists expected, and the second straight increase after April's record low of 479,000 units.

yoy_158

短期该有个回调，但是中期还是向上。

yoy_158

星期五，人气不旺。

dara

星期五，人气不旺。
yoy_158 发表于 2009-7-17 09:57

not many chances.  goog 420 put maybe good, but too later now

yoy_158

我的SPY骚也没多大进展，现在SPY@ 93.8