Category Archives: Uncategorized

43% of Morgan Stanley`s total revenue comes from wealthy individuals

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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Bank of America is “too big to fail” and its cost-cutting strategy is in focus

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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JPMorgan Chase & Co will report earnings while we are entering a rate-cutting cycle

The banks are in focus this week as they will report earnings with JPMorgan Chase coming out with their report Tuesday morning before the open. JPMorgan has outperformed its peers and their growth has been 18% per year last three years.

Last two years, JPMorgan Chase has beaten Earnings Per Share estimates 100% of the time. They have also beaten revenue estimates 100% of the time.

Analysts expect JPMorgan to earn $2,50 per share in the second quarter on revenue of $28,91 billion. JPMorgan earned $2,22 in the second quarter last year.

JPMorgan is different from Well Fargo which is also reporting earnings on Tuesday. JPMorgan Chase has moved up over 10% over the past year while Wells Fargo has faced a lot of obstacles, inkluding lack of their own CEO.

The banking industry is scary to me at the moment, and the most dangerous bank in the world is in Europe. Dutche Bank has been a desaster for a long time and the company are on the edge. A collapse could send the whole world in a negative trend.

We are also entering a rate-cutting cycle which is not good for the banks either. The margins will shrink and the earnings will decline while the rates are falling and the spread between the rates on loans and the rates paid out on deposits shrinks.

Morgan Stanley and Citi both downgraded the industry as a whole because of this development with rates, but JPMorgan is still a favorite.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Robert Mueller`s highly anticipated congressional testimony will start on Wednesday and it will be a freak show

The storm has arrived. Robert Mueller`s highly anticipated congressional testimony will start on Wednesday. Robert Mueller will testify on Capitol Hill on Russia investigation findings. The Russia was a hoax but the MSM have told you the opposite. So, let`s watch the hearings closely.

All this is coming only a week after Jeffrey Epstein is in the spotlight for sex trafficking. Another ugly case that will expose dirty secrets about the elite. Epstein have a lot of big names on the table, so this is going to be a storm.

Sometimes you need a bullie to be a president and Trump is at the White House at the right time. Sex trafficking is a huge problem in the U.S. It is also a multi billion dollar business. Even worse is that the elite establishment is involved.

They try to link Trump to Epstein, but Trump is not in the flight log to Epstein`s Little St. James «Lolita» Island. Epstein assaulted the 14-year-old daughter of an employee, and Trump kicked Epstein out of his Mara Lago golf club and banned him for life. Trump also said a few days ago that he is not a fan of Epstein.

Epstein is a co-founder of the Clinton foundation and Trump said that Clinton can get some trouble in this case. A few days ago, Clinton said in a statement that he knows nothing about the pedophilia charges about Epstein.

The Mueller hearing is also coming only a few days after the British ambassador Kim Dorrock has resigned after his leaked e-mail about president Trump. Sir Kim Darroch is reported to have said in private that the Trump administration is «dysfunctional,» and that Trump is «insecure,»

A group of people in the Deep State tried to stop Trump from being the next president in the U.S. Mr Steele is one of them and he hated Trump and was paid for his lies. He is a former MI6 agent.

MI 6 is the Secret intelligence Service (SIS), commonly known as MI6 which is the foreign intelligence service of the government of the United Kingdom. The name MI6 means Military intelligence , Section 6.

Robert Mueller is born in New York. He is an American lawyer and government official who served as the sixt Director of the Federal Bureau of Investigation (FBI) from 2001 to 2013. In 2001 after the 9/11 attack, he told the world that Iraq had weapons of mass destruction. That was a big lie.

Rep. Peter King said that severe, serious abuses by FBI and CIA in Russia probe is going to come out. That`s all this is about: Abuse of power.

William Barr slams Mueller hearing as «public spectacle» for the Dems and former congressman Trey Gowdy said the upcoming Mueller testimony and DOJ investigation into FISA abuse will be a freak show. The show starts on Wednesday.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Trumponomics is working and Nasdaq is up about 50% since his inauguration

What president Donald Trump have done to the U.S economy is a miracle, and people are chanting USA. President Trump`s approval rating has hit the highest point in his presidency, according to a new poll by the Washington Post and ABC News.

47% of registered voters approve of Trump`s work inside the White House. In comparison, Barrack Obama`s approval rating during the same time in his first term was 46%. Nasdaq is up nearly 50% since Trump`s inauguration. The Dow is up about 36% while S&P is up about 32%. This is amazing.

Former Reagan advisor Art Laffer said the approval rating shouldn`t be 44% but 94%. The reason for that is the booming economy. Trump is a business man and know how it is to be an entrepreneur. So, he made a lot reforms and cutted the taxes and now we see the U.S economy booming like never before.

Trump said if the U.S had lower interest rates, they would be like a rocket ship. The Dow could be 10,000 points higher if it wasn`t for the Fed, Trump said.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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