Market Pulse

Market Pulse - Market Pulse

 

Perhaps the fashion industry would better suit UBS, as their shabby numbers should get a makeover first. I believe Friday will be UBS’s first naked short day at the office. What's stopping UBS from joining its underperforming peers and taking a 5 dollar haircut to go along with its new duds? While the firm focuses on its dress, they're posting ghastly numbers.  I would suggest an 11.5 dollar resistance point, all else being equal.    

Company name▲▼ Price▲▼ Change▲▼ Chg %▲▼ Earnings per share▲▼ Return on avg assets▲▼ Return on avg equity▲▼ Net profit margin▲▼ Operating margin▲▼ Net income▲▼
RBS Royal Bank of Scotland... 11.91 -0.68 -5.40% -0.41 -0.11 -4.91 -6.89   -3,586.59
UBS UBS AG (USA) 16.04 -0.31 -1.90% 1.91 -0.13 -7.39 -8.67 -10.49 -2,208.44
C Citigroup Inc. 4.70 +0.11 2.47% -0.02 -0.06 -7.88 -1.33 -9.71 -1,066.00
MS Morgan Stanley 26.24 +0.23 0.88% 2.14 0.42 2.17 10.10 8.98 3,037.00
BAC Bank of America Corp. 12.57 +0.05 0.40% -0.77 0.31 -1.32 5.25 3.64 6,276.00
CS Credit Suisse Group AG... 38.87 -0.56 -1.42% 4.21 0.57 18.40 19.94 25.81 6,505.47
DB Deutsche Bank AG (USA) 52.46 +0.03 0.06% 5.38 0.27 14.77 17.74 18.61 6,635.79
GE General Electric Company 17.70 -0.07 -0.39% 1.07 1.45 9.81 7.29 6.60 11,434.00
JPM JPMorgan Chase & Co. 39.67 -0.34 -0.86% 3.59 0.55 5.95 11.60 16.00 11,652.00
WFC Wells Fargo & Company 29.96 -0.06 -0.20% 1.68 0.99 9.34 14.28 20.29 12,667.00
GS Goldman Sachs Group, Inc. 164.04 -0.42 -0.26% 17.54 1.36 22.10 25.90 38.37 13,385.00

 

 

Market Pulse - Market Pulse

▲▼

Company name▲▼

Price▲▼

$ Change▲▼

Chg %▲▼

MKT Cap▲▼

MS

Morgan Stanley

26.24

+0.23

0.88%

39.70B

GS

Goldman Sachs Group, Inc.

164.04

-0.42

-0.26%

83.86B

JPM

JPMorgan Chase & Co.

39.67

-0.34

-0.86%

155.08B

JEF

Jefferies Group, Inc.

26.66

+0.48

1.83%

4.58B

BAC

Bank of America Corp.

12.57

+0.05

0.40%

126.77B

C

Citigroup Inc.

4.70

+0.11

2.47%

136.54B

RBS

Royal Bank of Scotland...

11.91

-0.68

-5.40%

34.52B

WFC

Wells Fargo & Company

29.96

-0.06

-0.20%

157.25B

Julian Assange’s next release will likely focus on Bank of America and could send the industry reeling back to Bernanke. The US banking sector looks completely defenseless and this could be the catalyst for an early QE3 or even a major leg down in the macroeconomy. This would bring all the commodities wisdom back into play.  If this is the case, silver could break well into the 30s and get gold over 1400. Adhering to the economic laws of diminishing returns, we’ll forgo the financial statements and technical analysis on what should already be obvious, the entire banking sector is surviving off of accounting machinations and Federal Reserve aid.

Since last summer, Bank of America’s shares have hovered around 13 dollars. The bank has been trying to avoid becoming another penny stock as Citi, who’s been unable to find its way out of relegation since the 2008 collapse.  If Bank of America doesn’t outright default, it should at least join Citi in a suspended state of quasi receivership at around 5 dollars and change.  The release will probably also depress the entire sector-- we recommend getting into short positions, aggressively.

Our recent coverage on bank puts:

  • JP Morgan Besieged on Several Fronts: Silver, Wikileaks, Lawsuits, Foreclosure Gate
  • Wikileaks Release Could Lead to a BP Like Fallout for US Banks
  • SILVER VIGILANTES TAKE ON JP MORGAN
  • Short List – Late Week Update on Banks
  • SHORT LIST: BANKS SLIDING
  • *** These are recommendations not guarantees. Always do your own research when investing your money. 

     

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