Wall Street Sees Soaring Start to Q4 Earnings Season
Both banks beat analysts’ expectations by a mile, with GS reporting quarterly EPS of $5.60 versus EPS estimates of $3.78 and JPM reporting EPS of $1.39 versus estimates of $1.22.
Poll Results: As SEC’s Schapiro Steps Down, Advisors Speak Up
Our AdvisorOne survey found some sentiment for Sallie Krawcheck, but gave regulators overall poor marks for protecting consumers and providing a level playing field.
JPMorgan’s Dimon Sounds Off on Fiscal Cliff, Elizabeth Warren
JPMorgan Chase CEO also speculates on next four years under President Obama.
JPMorgan Sues London Whale’s Boss
JPMorgan Chase & Co. has filed suit against Javier Martin-Artajo, the executive who supervised Bruno Iksil, aka the London Whale, after the latter’s disastrous trades lost the bank what could be upwards of $6.2 billion.
80 CEOs Urge Congress to Tackle Deficit, Raise Revenue
What can get competitors to join hands? Deficit reduction, apparently.
President Romney’s Cabinet: Who Would He Choose?
If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than Obama’s. Here are some of the choices to head those key posts.
JPMorgan, Wells See Big Q3 Profits as Bank Lending Returns
Investors looking for good news found it Friday as JPMorgan and Wells Fargo both reported double-digit profits for the third quarter.
‘Antichrist’ at SEC, Dimon, Bush Among Villains of Financial Crisis: Tavakoli
To Wall Street scourge Janet Tavakoli, the list of financial-crisis villains still evading responsibility is not short and includes, to name a few, Jamie Dimon, Jon Corzine, Tim Geithner, Mary Schapiro, George W. Bush, President Obama and the financial media.
Sandy Weill Wants Banks Small Again, Chris Dodd Wants Them Big
If politics makes strange bedfellows, it also makes for strange adversaries.
The Penalty Box: Would Stiffer SEC Fines Make Evildoers Think Twice?
An upcoming bill would raise the penalties the SEC can impose on financial ne'er-do-wells. Maybe Congress’ time would be better spent increasing the likelihood that the SEC will catch anyone—by, oh, I don’t know, maybe increasing their funding?