Progressive Congresswoman Ilhan Omar likens anti-Israel resolution to boycotts of Nazi Germany and the Soviet Union. The Media Mob say Trump is a racist and say nothing about Omar who is supporting BDS (Boycott, Divestment and Sanctions) movement.
BDS is a Palestinian-led campaign promoting various forms of boycott against Israel. Some «smart» people are often protesting against Israel but it is nothing more than anti-semittism. In other words; Hate.
Filed under Politics, Uncategorized
Sex offender Jeffrey Epstein denied bail. He offered a hundred million dollar package to be able to go back to his home in New York City but the judge sayd; No way. Epstein is a mystery and now a lot of people claim he can be a foreign asset.
The Duke of York`s personal friendship with the convicted pedophile Jeffrey Epstein has seen him dragged into an alleged sex-slave scandal. The past Epstein ties may expose worst royal family scandal yet. This old case is coming up again.
One of Epstein`s accusers, Virginia Roberts Ghislane, said; «Epstein also got girls for Epstein`s friends and acquaintances. Epstein specifically told me that the rason for him doing this was so that they would «owe him,» the would «be in his pocket,» and he would «have something on them.»
Former U.S Attorney, Alexander Acosta said; “I was told Epstein “belonged to intelligence” and to leave it alone.”
Filed under Politics
President Trump`s North Carolina rally was interrupted by a protester holding up pictures of the president with Jeffrey Epstein. That protester became the most unpopular person in Trump`s North Carolina rally.
They impeached former president Bill Clinton for an sex affair with Monica Lewinsky. They have tried multiple times to put some shit on president Trump too, but now it is Epstein`s show. What does he have on them? And will he succeed to bring them down?
Filed under Politics
You can clearly see how all the banks have different stories to tell, and the next bank to deliver earnings report on Thursday is Morgan Stanley. This is different from J.P.Morgan`s story. Morgan Stanley`s consensus EPS estimate is $1,16, which is -10,8% YoY.
The consensus Revenue Estimate is $10,02 Billion which is -5,6% YoY. 50% of Morgan Stanley`s total revenue comes from Institutional Securities. 43% of their total revenue comes from Wealth Management. 7% of total revenue is made from Investment Management.
There must be a lot of wealthy customers in Morgan Stanley`s portfolio, but wealthy induviduals is followed by financial services (brokerage, investment advisory, financial planning, insurance, securities-based loans etc) to medium-sized businesses and institutioons.
Morgan Stanley is headquartered at Broadway, Midtown Manhattan, New York and CEO James Gorman is not a big fan of Bitcoin, Libra or other crypto currencies. On Wednesday, we saw a Facebook hearings live from Capitol Hill and Mr Gorman is obviously not alone to be negative to crypto currencies.
In an interview with CNBC, he said “Psonally, I am not that exited about new exchanges for currencies or new forms of cryptocurrency. I`ve said this many times, an may be proven dead wrong about this. I don`t get it or see the need for another form of stored value. We have currencies and precious metals and reserve notes. Apparently, there`s a need there, right? But the fact that we are not in that doesn`t bother me at all,” Gorman said.
Fair value of the Morgan Stanley stock is about 20% higher than the current price. Citi upgraded Morgan Stanley to buy. Earning report will be released on Thursday before market open.
Filed under Stocks, Uncategorized
Bank of America is the second-largest bank in the U.S, and the company is expected to post quarterly earnings on Wednesday before market open. Bank of America is expected to earn $0,76 per share and that`s five cents ahead of the Wall Street.
If this number holds it would be a 12,7% change YoY. Their revenue are expected to be $23,04 billion and that is a whopping 1,9% from the same quarter last year.
The bank have benefited huge from a roring U.S economy and most of the profits is coming from its consumer bank, but all major business segments have increased the profits. All this thanks to healthy loan and deposit growth.
Its net interest income growth have also risen thanks to rising interest rates. Like all other banks, Fed`s change in policy is negative for the bank and a cut in interest rate will decrease NII. Lower interest rate will also trigger a recession, but that`s another story. The Fed is extremely dovish and that in turn will make the banks forward return to decline the next months.
Bank of America is the second-largest bank of the four «too big to fail» money center banks, and its P/E is only 10,85 with a dividend yield of 2,04%. The bank has a streak of 12 conssecutive quarters of beating EPS estimates on the line. The focus this time is its cost-cutting strategy.
The chart for the bank showed a golden cross in late March this year, but that has not been a great signal so far. It remain to see the stock to go higher.
Filed under Stocks, Uncategorized
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