JP Morgan NEWS:
Let’s digress a bit and take an in-depth look at the Financial Activity and Balance Sheet:
First – as of 12/31/22:
- Deposit Growth – down 5%
- Total Liabilities $3.7 trillion on Assets of $3.67 Trillion = net -.8%
- Asset Growth = -2%
- Unrealized LOSS = $9.12 billion
- Loan Growth – Commercial only
- Federal Funds sold – up 20%
Announced (unaudited) – 1st Quarter 2023:
- Credit Card debt up 10%
- Average deposits down 16%
- $1.9 billion in stock repurchases not reflected in comparable EPS
- Increase in Net Revenue 100% due to interest income.
- Credit Card DEBT increased by 700% and included Net Chargeoffs of Bad Debt up 50%
- Corporate Revenue – down compared to 4th quarter 2022
- Asset & Wealth Management – down compared to 4th quarter 2022
- Expense of Credit up 2000%
- Business Banking – down
- Loan origination – down
- Chargeoffs – UP 80 points
Stakeholders like these numbers – but they reflect the economic tailspin of the economy which affects the plebes and peasants – and not the Hedge Funds buying into the madness of the Banking Cartel.
but it all ducks and bunnies!! https://www.rt.com/business/574751-jpmorgan-bank-record-profits/
😉
And we both know that these hedge funds will be buying up all the underwater commercial and residential real estate to rent back to the plebes and peasants.
“You vill own nothing and be happy”