Thursday, October 15, 2009

Citi vs. JP Morgan: I don't know what you're talking about

Probably don't.

I'm going to go through a more in-depth study of this, but at first glance, I don't like Citi's report at all. I don't mind gains driven by mark-ups. Some level of mark-up is legitimate this quarter. But a decrease in loan loss provision? A day after J.P. Morgan increased their provision? This reeks of earnings management.

I'll post more thoughts as I get through the report, but I welcome your comments.


Anonymous said...

Оса 800 электрошокер в Москве.

Anonymous said...

Фильмы онлайин