Apologies for late post as I have computer problems.
Wall Street appears to be flexing its muscle again on the back of Donald Trump’s Presidential inauguration.
JPMorgan reported 4th quarter earnings this morning and knocked the cover off the ball.
Jamie Dimon’s management team just seems to fire on all cylinders, while Bank Of America and Wells Fargo missed analysts’ estimates on some very important metrics.
Morgan Stanley on Friday also announced 140 new managing directors.
The idea that dealmaking and less regulations will allow Wall Street to grow revenues and profits in 2017 has been goosing the stock prices of most bulge-bracket banks.
The bulls are running so either join them or get out of the way.