Presentation on theme: "THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION DISCUSSED DURING HAWKTRADE MEETINGS."— Presentation transcript:
THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION DISCUSSED DURING HAWKTRADE MEETINGS. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any financial instruments does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. There are no absolute guarantees in investing. HAWKTRADE and its members do not bear any responsibility for losses or gains made by members trading on their personal accounts based on analysis from HAWKTRADE meetings.
JPM earned 25.8 Billion in revenue and beat both expectations. Earnings increased 53%, but helped by 1.2B in reserve releases. Overall demand for credit weakening. Core business sales didnt do as well as headline numbers indicate. Net interest margins and loan-deposit ratios continued to fall. Diamond outlined 17,000 in job cuts over the next year, stock down roughly 1% Friday.
Bank record profits are result of cost cutting and easy fed policy more than core operating earnings. Low interest rates hurt bank profitability, but help trading profits. Fed paying 0.25% on excess reserves discourage banks loaning to individuals/ small businesses Large corporations can still take advantage of low rates and easy money.
McDonalds (MCD) Citigroup (C) GE Microsoft (M) Google (GOOG) Cocoa-Cola (KO) Johnson and Johnson (JNJ) American Express (AXP) Ebay U.S. Bank (USB) Morgan Stanley (MS) Bank of America (BAC) IBM Nokia (NOK) Honeywell (HON) Intel (INTC) Pepsi (PEP) Goldman Sachs (GS) Yum! Brands, Inc. (YUM)
Prior Positions Lecturer, University of Notre Dame, South Bend, IN, 2008 – 2011 Consultant, Global macro hedge fund, Austin, TX, 2008 – 2010 Partner, Multi strategy hedge fund, Dallas, TX, 2005 – 2008 Lecturer, Southern Methodist University (SMU), Dallas, TX, 2000 – 2008 Lecturer, University of Texas, Arlington, TX, 1994 – 1999 Financial Analyst, Chicago, IL and Seattle, WA, 1988 - 1994 Academic History PhD in Finance, University of Texas, Arlington, TX, 1999 MBA in Finance, Loyola University, Chicago, IL, 1992 BBA in Finance, University of Iowa, Iowa City, IA, 1988