JusticeWillWin
1 hour ago
Thank you for your kind words. I am pleased if you have made profits with my posts. I have always read your posts, especially those about options, with great interest, but I have not ventured into options trading myself. Good luck for the future and all the best!
@ JWW....thanks for all your work that you do... I have made lots of money with your recommendations through the years by buying, and selling options with each upward movement in the share price....buying the dip (Pickstocks recommendation) has been lucrative for me... I will get a huge sum of money in my account when my January call options expire.... with this big hunk of cash, I will no longer go long on coop, but SELL PUTS EACH MONTH to bring in premium to finish out my long career in investing which started in 1961, or 62?... cant remember... I started options trading in 1972 when the CBOE went public... won some, lost some, but in the main it was profitable ... thanks again for all you do, and I will certainly be watching your posts into the new year.... Lodas
cookacrook
6 hours ago
People who held on to the shares are at least not unlucky.
Many sold, most recovered the Wamu losses and left, probably.
The business is growing extraordinary, Mr. Cooper is no ordinary stock, if you are honest. It is a bizarr stock. Probably JustNormal is just saying this, "hold on to the stock".
People who know me, could remember a similar reasoning. "By now, better hold on to this bizarr stock." So far, at least by now, it is not expensive. But make your own Investment decissions.
The (sold) shares come from the biggest holders, as you can check on your own at the Nasdaq website.
Worst case scenario is, they use company money to transer it to major holders, best case scenario is, WAMUs legacy doubles or tripples the size from Mr. Coopers Business.
As said, anybody needs to make his own investment decissions.
Royal Dude
18 hours ago
"During 2023, five FDIC insured financial institutions failed, three of which are among
the largest failures in U.S. history. The first failure was Silicon Valley Bank, Santa Clara,
California, which failed on March 10, with $209 billion in assets, followed by Signature Bank,
New York, New York, which failed on March 12, with $110.4 billion in assets, and First Republic
Bank, San Francisco, California, which failed on May 1, with $212.6 billion in assets."
https://www.fdic.gov/system/files/2024-06/pl-2023-annual-report.pdf
"During 2023, five FDIC insured financial institutions failed, three of which are among
the largest failures in U.S. history. The first failure was Silicon Valley Bank, Santa Clara,
California, which failed on March 10, with $209 billion in assets, followed by Signature Bank,
New York, New York, which failed on March 12, with $110.4 billion in assets, and First Republic
Bank, San Francisco, California, which failed on May 1, with $212.6 billion in assets.
PG.6
Royal Dude
18 hours ago
PRESS RELEASE | SEPTEMBER 5, 2024
FDIC-INSURED INSTITUTIONS REPORTED NET INCOME OF $71.5 BILLION
Net Income Increased From the Prior Quarter, Driven By Lower Noninterest Expense and One-Time Gains
Community Bank Net Income Increased Quarter Over Quarter
The Net Interest Margin Declined Slightly, Driven by the Largest Banks
Domestic Deposits Decreased From the Prior Quarter
Asset Quality Metrics Remained Generally Favorable, Though Charge-Offs Increased
Loan Balances Increased Modestly From the Prior Quarter and a Year Ago
The Deposit Insurance Fund Reserve Ratio Increased Four Basis Points to 1.21 Percent
Quarterly Banking Profile - Quarterly Net Income“The banking industry continued to show resilience in the second quarter. Net income increased and asset quality metrics remained generally favorable. However, the banking industry still faces significant downside risks from uncertainty in the economic outlook, market interest rates, and geopolitical events. In addition, weakness in certain loan portfolios, particularly office properties, credit cards, and multifamily loans, continues to warrant monitoring.”— FDIC Chairman Martin J. Gruenberg______________________________________________________________WASHINGTON— Reports from 4,539 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $71.5 billion in second quarter 2024, an increase of $7.3 billion (11.4 percent) from the prior quarter. A decline in noninterest expense and one-time gains on equity security transactions contributed to the quarterly increase. These and other financial results for second quarter 2024 are included in the FDIC’s latest Quarterly Banking Profile released today.
The Industry’s Net Income Increased From the Prior Quarter, Driven By Lower Noninterest Expense and One-Time Gains: Second quarter net income for the 4,539 FDIC-insured commercial banks and savings institutions increased $7.3 billion (11.4 percent) from the prior quarter to $71.5 billion. A decline in noninterest expense (down $3.6 billion, or 2.4 percent) along with higher noninterest income (up $1.2 billion, or 1.5 percent) and higher gains on the sale of securities (up $937 million) were the primary factors driving the increase in net income. Higher provision expenses offset some of the increase in net income.
The quarterly increase in net income was largely driven by nonrecurring items including an estimated $4 billion reduction in reported expense related to the FDIC special assessment, approximately $10 billion in gains on equity security transactions by large banks, and the sale of an institution’s insurance division that resulted in an after-tax $4.9 billion gain.[1] These increases were partially offset by several large banks selling bond portfolios at a loss and a $2.7 billion increase in provision expense.
The banking industry reported an aggregate return-on-assets ratio (ROA) of 1.20 percent in second quarter 2024, up 12 basis points from first quarter 2024 but down one basis point from first quarter 2023.
Community Bank Net Income Increased Quarter Over Quarter: Quarterly net income for the 4,104 community banks insured by the FDIC was $6.4 billion in the second quarter, an increase of $72.6 million (1.1 percent) from first quarter 2024. Higher net interest income (up $546.4 million, or 2.7 percent) and higher noninterest income (up $253.9 million, or 5.0 percent) more than offset higher noninterest expense (up $365.7 million, or 2.1 percent) and higher provision expenses (up $140.5 million, or 18.2 percent). The community bank pretax ROA increased one basis point from last quarter to 1.14 percent.
The Net Interest Margin Declined Slightly, Driven by the Largest Banks: The industry’s net interest margin (NIM) declined one basis point to 3.16 percent in the second quarter as the growth in funding costs slightly exceeded the growth in earning-asset yields. The industry’s second quarter NIM was nine basis points below the pre-pandemic average NIM after falling below that level last quarter.[2] The NIM increased quarter over quarter for all size groups except for the largest banks, those with assets over $250 billion, who in aggregate reported a four basis-point decline in the NIM. The community bank NIM of 3.30 percent increased seven basis points quarter over quarter, reversing a five-quarter declining trend, but was still 33 basis points lower than the pre-pandemic average.
Asset Quality Metrics Remained Generally Favorable, Though Charge-Offs Increased: Noncurrent loans, or loans that are 90 days or more past due or in nonaccrual status, remained unchanged from the prior quarter at 0.91 percent of total loans and well below the pre-pandemic average of 1.28 percent. Despite the stability in overall noncurrent loans, the noncurrent rate for non-owner occupied commercial real estate loans of 1.77 percent was at its highest level since third quarter 2013, driven by office portfolios at the largest banks. However, these banks tend to have lower concentrations of such loans in relation to total assets and capital than smaller institutions, mitigating the overall risk.
The industry’s net charge-off rate increased three basis points to 0.68 percent from the prior quarter and was 20 basis points higher than the year-ago quarter. This ratio was also 20 basis points above the pre-pandemic average and remained the highest quarterly rate reported by the industry since second quarter 2013. The credit card net charge-off rate was 4.82 percent in the second quarter, up 13 basis points quarter over quarter and the highest rate reported since third quarter 2011.
Loan Balances Increased Modestly From the Prior Quarter and a Year Ago: Total loan and lease balances increased $125.8 billion (1.0 percent) from the previous quarter. The increase was driven by higher loans to nondepository financial institutions (NDFIs) (up $76.0 billion, or 9.6 percent) and consumer loans (up $25.8 billion, or 1.2 percent). Much of the growth in NDFI lending appears to be due to reclassification from other existing loan categories. The majority of banks (75.1 percent) reported quarterly loan growth, and all major loan categories except construction and development loans showed quarter-over-quarter growth.
Total loan and lease balances increased by $244.5 billion (2.0 percent) from the prior year. The annual increase was also led by loans to NDFIs (up $77.5 billion, or 9.8 percent), likely due to reclassifications in the second quarter, as well as credit card loans (up $77.0 billion, or 7.5 percent) and adjustable rate 1-4 family residential mortgage loans (up $69.3 billion, or 7.5 percent). A large majority of banks (82.9 percent) reported annual loan growth.
Community banks reported a 1.7 percent increase in loan and lease balances from the previous quarter and a 6.3 percent increase from the prior year. Growth in nonfarm, nonresidential CRE loans and 1-4 family residential mortgage loans drove both the quarterly and annual increases in loan and lease balances. Loan growth was broad based across community banks with over three quarters of such banks reporting higher loan balances from the prior quarter.
Domestic Deposits Decreased From the Prior Quarter: Domestic deposits decreased $197.7 billion (1.1 percent) from first quarter 2024, well below the pre-pandemic average second-quarter growth of 0.2 percent. Both savings and transaction deposits declined from the prior quarter, with growth in small time deposits partially offsetting the declines. Brokered deposits decreased for the second straight quarter, down $10.1 billion (0.8 percent) from the prior quarter. Banks with over $250 billion in assets drove the quarterly decline in deposits.
Estimated insured deposits decreased $96.0 billion (0.9 percent) and estimated uninsured domestic deposits decreased $50.4 billion (0.7 percent) during the quarter. Banks with assets greater than $250 billion reported lower uninsured deposits in the second quarter, while banks with assets less than $250 billion reported higher uninsured deposit levels.
The Deposit Insurance Fund Reserve Ratio Increased Four Basis Points to 1.21 Percent: In the second quarter, the Deposit Insurance Fund (DIF) balance increased $3.9 billion to $129.2 billion. The reserve ratio increased four basis points during the quarter to 1.21 percent.
The Total Number of Insured Institutions Declined: The total number of FDIC-insured institutions declined by 29 during the quarter to 4,539. Three banks were sold to credit unions and 26 institutions merged with other banks during the quarter. One bank failed in the second quarter but did not file a call report in the first quarter, and no banks opened.
# # #
ATTACHMENTS:
Quarterly Banking Profile Home Page (includes previous reports and press conference webcast videos)
Charts and Data
Chairman Gruenberg’s Press Statement
MEDIA CONTACT:
Julianne Breitbeil
202-340-2043
JBreitbeil@FDIC.gov
FDIC: PR-76-2024
Royal Dude
18 hours ago
Royal Dude
Re: Boris the Spider post# 733350
Sunday, August 25, 2024 4:48:39 PM
Post# of 733352 Go
Possibility of FDIC September 1st
PG. 30
Release of JPMC Escrow Account, Washington Mutual Escrow Account and FDIC Escrow Account. (i) JPMC, WMI and the FDIC Receiver shall jointly direct the custodian of the JPMC Escrow Account, the Washington Mutual Escrow Account and the FDIC Escrow Account to release all or a portion of the JPMC Escrow Account, the Washington Mutual Escrow Account and the FDIC Escrow Account as the case may be, to JPMC, WMI and the FDIC Receiver, respectively, as soon as is practicable after the earlier to occur of: (A) the date on which all Pre-2009 Group Tax Liabilities are finally determined and paid and the final amount of Net Tax Refunds Received has been determined and is not subject to change; and (B) the date on which JPMC (with respect to the Washington Mutual Escrow Account), WMI (with respect to the JPMC Escrow Account), or JPMC and WMI jointly (with respect to the FDIC Escrow Account), consents, in writing, to permit the release of all or such agreed portion of the JPMC Escrow Account, the Washington Mutual Escrow Account or the FDIC Escrow Account, as applicable (such consent, in each case, not to be unreasonably withheld or delayed); provided, however, that there shall be released from each escrow account at least quarterly (on or prior to each March 1, June 1, September 1 and December 1) fifty percent (50%) of all amounts earned by such escrow account with respect to assets held therein.
[Fdic.govwww.fdic.gov/system/files/2024-07/wamu-global-settlement-agreement.pdf]([https://www.fdic.gov/.../wamu-global-settlement-agreement...))
[Second Amended and Restated Settlement Agreement - FDIC]([https://www.fdic.gov/.../wamu-global-settlement-agreement...)
(https://www.fdic.gov/.../wamu-global-settlement-agreement...);;
settlement does not deplete the assets or increase the liabilities associated with the WaMu ... International Service Association, VISA, Inc., and the ...
We will be paid in the Series NN and reconstruction the past year using UQRS and others. IMO
"The Series NN Preferred Stock shall rank as to dividends and upon liquidation, dissolution or winding-up on a parity with the Corporation’s
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R, Fixed-to-Floating
Rate Non-Cumulative Preferred Stock, Series S, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, Fixed-to-Floating Rate
Non-Cumulative Preferred Stock, Series X, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series CC, 5.75% Non-Cumulative Preferred
Stock, Series DD, 6.00% Non-Cumulative Preferred Stock, Series EE, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF, 4.75%
Non-Cumulative Preferred Stock, Series GG, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series HH, Fixed-to-Floating Rate
Non-Cumulative Preferred Stock, Series II, 4.55% Non-Cumulative Preferred Stock, Series JJ, 3.65% Fixed-Rate Reset Non-Cumulative Preferred
Stock, Series KK, 4.625% Non-Cumulative Preferred Stock, Series LL and 4.20% Non-Cumulative Preferred Stock, Series MM."
https://jpmorganchaseco.gcs-web.com/static-files/499807a7-a220-4176-80ab-2925ce9f2d39
The Most Royal Dude
t1215s
22 hours ago
Hi jhd I did “ Let’s hope COOP/OTIS pps.catches some of the temporarily happiness” 😉
It does seem for now the banks & Techs are are enjoying , utilities and COOP/OTIS not so much as of this post 🫣🤔
To The sky is falling OR The sky is going to fall and the throw enough shet against the barn door and SOOONER OR LATER something’s is gonna stick people
Since 1900, the market has had a pattern of crashing every seven to eight years, according to Morningstar and Investopedia. It is not an exact pattern (e.g., no significant crash in 2015), but there seems to be enough data to at least mention it. Here are some of the larger market crashes we’ve experienced over the years. The dates reflect when the crash started (the peak).
1903 - Rich Man’s Panic (-22%)
1906 - General panic (-34%)
1911 - WWI and influenza (-51%)
1929 - Great Depression (-79%)
1937 - WWII (-50%)
1946 - Postwar bear market (-37%)
1961 - Cold War/Cuban Missile Crisis (-23%)
1966 - Recession (-22%)
1968 - Inflation bear market (-36%)
1972 - Inflation, Vietnam War and Watergate (-52%)
1980 - Stagflation (-27%)
1987 - Black Monday (-30%)
1990 - Iraq invaded Kuwait (-20%)
2000 - Dot-com crash (-49%)
2007 - Housing crisis (-56%)
2020 - COVID-19 pandemic (-34%)
——————
Sooner or later ,it’s not rocket science, TIMING IS THE SMART ONE 🤔
Have a great day people GLTA-Ts😉
Royal Dude
1 day ago
Hey SUSU Take a BOND if you have any value in this?????????????
"$125,157,168,784
JPMORGAN CHASE & CO.
Debt Securities
Warrants
Units
Purchase Contracts
Guarantees
JPMORGAN CHASE FINANCIAL COMPANY LLC
Debt Securities
Warrants
We, JPMorgan Chase & Co., may from time to time offer and sell any of our securities listed above, in
each case, in one or more series. Our subsidiary, JPMorgan Chase Financial Company LLC, which we
refer to as “JPMorgan Financial,” also may from time to time offer and sell its securities listed above, in
each case, in one or more series. We fully and unconditionally guarantee all payments of principal,
interest and other amounts payable on any debt securities or warrants JPMorgan Financial issues. Up to
$125,157,168,784, or the equivalent thereof in any other currency, of these securities may be offered
from time to time, in amounts, on terms and at prices that will be determined at the time they are offered
for sale. These terms and prices will be described in more detail in one or more supplements to this
prospectus."
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
· Minimum denominations of $10,000 and integral multiples of $1,000 in excess thereof
Key Terms
Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co
Guarantor: JPMorgan Chase & Co.
Reference Rate: 2-Year U.S. Dollar SOFR ICE Swap Rate (the “ICE Swap Rate”) determined as set forth under “Supplemental Terms of the Notes” in this pricing supplement
Payment at Maturity:
If the Final Reference Rate is greater than or equal to the Reference Strike Rate or is less than the Reference Strike Rate by up to the Buffer Percentage, at maturity you will receive a cash payment that provides you with a return per $1,000 principal amount note equal to the Contingent Digital Return. Accordingly, under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Contingent Digital Return)
If the Final Reference Rate is less than the Reference Strike Rate by more than the Buffer Percentage, at maturity you will lose 1.66667% of the principal amount of your notes for every 1% that the Final Reference Rate is less than the Reference Strike Rate by more than the Buffer Percentage. Under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows:
$1,000 + [$1,000 × (Reference Rate Return + Buffer Percentage) × Downside Leverage Factor]
If the Final Reference Rate is less than the Reference Strike Rate by more than the Buffer Percentage, you will lose some or all of your principal amount at maturity.
Contingent Digital Return: At least 12.10%, which reflects the maximum return on the notes. Accordingly, assuming a Contingent Digital Return of 12.10%, the maximum payment at maturity per $1,000 principal amount note is $1,121.00. The actual Contingent Digital Return will be provided in the pricing supplement and will not be less than 12.10%.
Buffer Percentage: 40%
Downside Leverage Factor: 1.66667
Strike Date:
Pricing Date:
September 17, 2024
On or about September 18, 2024
Original Issue Date: On or about September 23, 2024 (Settlement Date)
Observation Date†: September 30, 2025
Maturity Date††: October 3, 2025
https://www.sec.gov/Archives/edgar/data/1665650/000121390024079546/ea0214930-01_424b2.htm
News
Market Data
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Ask ADVFN Intelligence (AI)
jhdf51
11 hours ago
serafino1
20 hours ago
Bizreader
1 day ago
raggi65
2 days ago
