Archive for April 16th, 2009

Good Numbers And Tough Talk From JPMorgan Chase

JPMorgan Chase reported a $2.1 billion first quarter profit today. Last year the company earned $2.9 billion in the comparable quarter. Revenues rose from $17.9 billion last year to $26.9 billion, underscoring the tremendous net income leverage that banks currently enjoy due to the steep yield curve. The company charged off $6 billion in loans […]

Morning Business Data

Here’s a quick recap of the business data this morning. Jobless Claims Initial jobless claims for last week fell by 53,000 to 610,000. As I’ve said before, the weekly data is too volatile so concentrate on the four week moving average. That number was 651,000 an 8,500 decrease. Somewhat positive but too small a change […]