Description: News that JPMorgan Chase would pay a $13 billion fine, the largest government penalty levied on a single company, initially led to calls that CEO Jamie Dimon should step down. That’s not going to happen. Board members have rallied around Dimon. What’s more, it’s unlikely that Dimon had any direct involvement in the troubled… Read more »
Posts Categorized: Management Issues
Hunger Games stock is ‘catching fire’
Description: The movie studio has figured out how to keep milking money out of successful franchises like the Hunger Games and Twilight. Source: CNNMoney.com – video report Date: Nov 22, 2013 Link: http://money.cnn.com/video/investing/2013/11/22/investing-buzz-lionsgate-entertainment-hunger-games-catching-fire.cnnmoney/index.html Questions for Discussions: What is the “formula” being used by studios like Lion’s Gate? Would you be a buyer of the stock… Read more »
BlackBerry Comeback Hampered by Vanishing Cash
Description: Investors are no longer wondering if BlackBerry Ltd. (BBRY) will run out of cash. For some, it’s now a question of when. Source: Bloomberg.com – video report Date: Nov 05, 2013 Link: http://bloom.bg/1iJ4iT1 Questions for Discussions: Do you think John Chen can successfully turn the firm around? Are the concerns over cash flow justified… Read more »
Wells Fargo now most profitable bank in U.S.
Description: In another sign of the huge changes within the banking business since the financial crisis, Wells Fargo (WFC) is on pace to make more money this year than any other bank in the U.S. Source: Fortune.com Date: Nov 01, 2013 Link: http://finance.fortune.cnn.com/2013/11/01/wells-fargo/?iid=SF_F_River Questions for Discussions: Explain the reasons for the success of the firm…. Read more »
Callaway Golf swings closer to profits
Description: Chip Brewer, president and chief executive officer at Callaway Golf recaps third-quarter results and what the company is doing to grow sales and develop new products. He speaks on Bloomberg Television’s “In The Loop.” Source: Bloomberg.com – video report Date: Oct 24, 2013 Link: http://bloom.bg/1chkmh6 Questions for Discussions: How has Callaway product development contributed… Read more »
An Intriguing Product That’s Too Complex for Many
Description: The sales pitches go something like this: A mutual fund that promises to zig when the rest of the stock market zags. Bond funds that protect investors when interest rates rise. Access to the most sophisticated hedge fund managers in the country, even if you’re not particularly wealthy. Source: NYTimes.com Date: Oct 25, 2013… Read more »
Is JPMorgan Getting a Bad Deal?
Description: In resolve a handful of state and federal investigations, JPMorgan Chase (JPM) has tentatively agreed to pay $13 billion—more, as my colleague Nick Summers points out, “than the combined salaries of every athlete in every major U.S. professional sport, with enough left over to buy every American a stadium hot dog.” Thirteen billion is also… Read more »
In defense of hedge funds
Description: Despite plenty of press indicating hedge funds do not beat the broader market, SkyBridge Capital founder Anthony Scaramucci says he can pick winners. Source: CNNMoney.com – video report Date: Oct 18, 2013 Link: http://money.cnn.com/video/investing/2013/10/18/investing-hedge-funds-return-anthony-scaramucci-skybridge-baseball.cnnmoney/index.html Questions for Discussions: What do you think of Anthony Scaramucci’s metaphorical comparison of hedge fund managers to baseball players? Do… Read more »
Default would be catastrophic for big banks
Description: If you think the JPMorgan and Wells Fargo earnings reports were disappointing, just wait until the fourth quarter if the shutdown continues and a debt default occurs. Source: Fortune.com Date: Oct 11, 2013 Link: http://finance.fortune.cnn.com/2013/10/11/shutdown-default-banks/?iid=SF_F_River Questions for discussion: Explain the reason for the dire predictions if the current government shut down continues. What does… Read more »
Meredith Whitney Wants to Invest Other People’s Money
Description: Meredith Whitney, the bank analyst who became famous for identifying problems at Citigroup (C) and other institutions ahead of the financial crisis, has shut down the brokerage and research arms of the firm she founded with her newfound prominence. The news, first reported by Bloomberg’s Max Abelson and Michael J. Moore, comes after a… Read more »
