Winning streak. Catalyst seems to be more news that chinese brokerages have tighter marginal rules raising concerns about regulators having other things up their sleeves. Things to slow down the massive growth weve seen over the last year. Well have a live report in a moment. In the meantime if youre watching the u. S. Equity futures markets were higher yesterday. There is a slight pull back this morning. Dow futures down by 18 points. Apartment Building Futures down by 2 and the nasdaq down by over 8. San francisco fed president jon williams says the central bank likely to start raising Interest Rates later this year. Told a group in singapore that he expects Economic Growth in the u. S. After a weak First Quarter. Also the head of japans central bank telling cnbc he doesnt think a bubble is brewing nor is he worried about where the yen is heading. One says the yen might appreciate but in his words it should move in line with economic fundamentals. Another deal in the works. Avago tec
Also, refinancing activity is very high right now. As housing prices have increased, thats allowed more people to qualify to refinance their loans. Reporter but Goldman Sachs is a different story. It deals almost exclusively with institutions, not consumers. Its Fourth Quarter Earnings Growth came from a surge in Investment Banking revenues thanks to gains in stock and bond underwriting. Goldman earned 5. 60 a share in the period, compared to a 1. 84 a year ago. That was also better than expected. Big banks arent the only financials expected to do well in the Fourth Quarter. The Financial Sector as a whole is expected to post an earnings gain of 11. 5 , making it the best performing group for the Fourth Quarter. But that doesnt necessarily mean nows a good time to buy most big bank stocks. Theres a couple names out there in the regionals that look attractive. But for the most part, most of the companies are trading very close to our fair value. Reporter theres another trend to watch fo
Increased, thats allowed more people to qualify to refinance their loans. Reporter but Goldman Sachs is a different story. It deals almost exclusively with institutions, not consumers. Its Fourth Quarter Earnings Growth came from a surge in Investment Banking revenues thanks to gains in stock and bond underwriting. Goldman earned 5. 60 a share in the period, compared to a 1. 84 a year ago. That was also better than expected. Big banks arent the only financials expected to do well in the Fourth Quarter. The Financial Sector as a whole is expected to post an earnings gain of 11. 5 , making it the best performing group for the Fourth Quarter. But that doesnt necessarily mean nows a good time to buy most big bank stocks. Theres a couple names out there in the regionals that look attractive. But for the most part, most of the companies are trading very close to our fair value. Reporter theres another trend to watch for this earnings season cost cutting. Banks have been cutting workers and c
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. Blockbuster earnings from j. P. Morgan, and Goldman Sachs. But will they be able to keep up the pace . Tom im tom hudson. The growing concern over americas ability to pay its i. O. U. S is turning into a debate over the defition of a debt default. Why washingtons wrangling could hurt the u. S. Economy. Susie and from chipotle to Dunkin Donuts, did fast food chains meet investors appetites for big returns . Were talking food stocks. Tom that and more tonight on n. B. R. tom we begin with banking. Two giant financial powerhouses reported big gains in Fourth Quarter earnings today. J. P. Morgan chase booked its Third Straight year of record profits. And Goldman Sachs reported Fourth Quarter earnings that were almost triple the same period a week ago. Erika miller reports. Reporter before we get to jp morgans profits, lets talk about the earnings of its c. E. O. , jamie dimon. The board cut his pay
Reported big gains in Fourth Quarter earnings today. J. P. Morgan chase booked its Third Straight year of record profits. And Goldman Sachs reported Fourth Quarter earnings that were almost triple the same period a week ago. Erika miller reports. Reporter before we get to jp morgans profits, lets talk about the earnings of its c. E. O. , jamie dimon. The board cut his pay in half as punishment for a more than 6 billion loss at j. P. Morgans London Trading desk. But dimon will still pocket a 10 million bonus. Add on 1. 5 million in salary, and his total compensation was 11. 5 million last year. We dont think its inappropriate, what the board did. But at the end of the day jamie dimon is still doing pretty well for himself. Hes not exactly living out of a refrigerator box on park avenue. Reporter at the same time, j. P. Morgans Fourth Quarter earnings rose by more than 50 in the Fourth Quarter, to 1. 39 a share. That was better than expected. J. P. Morgan, wells fargo, and other retail b