Does this leave the Big Four exposed to just one incredibly important asset class? Well at least two of the Big Four might lose some sleep over it at night. Commonwealth Bank has 65% of its loan book tied up in household mortgages, according to Eric Johnston in the Age.
April 12th, 2010 | Dan Denning | 85 comments | ContinuedAll Posts Tagged With: "JPMorgan"
Investment Banks Making Money Thanks to US Government Bailouts
Meanwhile, the Bank of America is a real bank. With real mom and pop customers. And the poor moms and the poor pops are going bust. They can’t pay their bills.
October 20th, 2009 | Bill Bonner | 0 comments | Continued
Is the Real Economy Growing, Expanding, and Making Money?
JPMorgan, the Wall Street firm that was bailed out by the feds a year ago, reported income of $3.6 billion in the 3rd quarter. With that kind of profit in the financial sector, it won’t be long before the whole economy is running red hot, right?
October 16th, 2009 | Bill Bonner | 4 comments | Continued
Investors Are Betting On Recovery
Make no mistake though. No one knows how long this rally will last – certainly no one here at The Daily Reckoning vacation headquarters. It will continue until it runs out of gas. That could be tomorrow. It could be months from now.
August 6th, 2009 | Bill Bonner | 2 comments | Continued
JPMorgan and Goldman Sachs Making Billions in Profits
But here at The Daily Reckoning, we can’t help ourselves. If we see a silver lining, we look for the cloud. We see garbage…we look for the rat… We begin with the JPMorgan profit announcement, because it is the most intriguing. Let us set the stage…
July 20th, 2009 | Bill Bonner | 9 comments | Continued
