Friday, April 12, 2013

JPM-Maybe this is why Financials look so ugly

Even with a last minute gift from the F_E_D this week of massive insider information, it didn't help JPM who missed on revenues, but beat otherwise because the banks are up to their old earnings tricks, they released $1.1 billion set aside for loan loss reserves to make income look better, the market isn't buying it though and JPM is down in pre-market, I can only hope to get that XLF upside momentum, even if only for 30 minutes.

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