It may not take a genius to point this out, but you are well placed if you work at JP Morgan or Goldman this year. The same cannot be said if you’re in the pay of Pandit.
A survey by Bloomberg confirms this sorry (and self-evident) state of affairs. Analysts’ average estimates suggest earnings at JP Morgan have almost quadrupled year on year in the third quarter, while those at Goldman are likely to have tripled. By comparison, Citigroup is expected to make (another) loss.
Positive about Pandit. (Bloomberg)
Credit Suisse and Deutsche will probably do better than expected. (Bloomberg)
Goldman Sachs enters earnings season with an aggressive trade. (Pragmatic Capitalist)
John Thain, wild and unleashed. (Clusterstock)
“Even though the two individuals were found to have committed market abuse, they escaped penalties that could have crippled them financially or professionally.” (The Times)
Private client investment manager, Principal Investment Management, has hired 2 people. (Financial News)
Nomura hires a new chief economist from the Bank of England. (City AM)
The top 10 universities in the world. (The Times)
Lloyds plans £25bn gilt share issue. (Reuters)
Cocaine-fuelled bankers swamping detox clinics. (Reuters)
Long term planning committee for the human race. (Facebook)
