Cracks Begin to Appear at the Nation’s Biggest Banks

NY Times ^ | 15 Jan 26 | Rob Copland

[delta7]

For a year, Wall Street’s dominant theme has been the so-called K-shaped economy, in which the well-to-do have powered financial activity despite lower earners’ struggles. This week, the nation’s largest banks reported a broadly disappointing set of quarterly earnings, the first stumble after a yearlong spree of rising markets and softening regulations paid off handsomely for the finance set. Results at Bank of America, Citi, JPMorgan Chase and Wells Fargo all fell short of expectations, and their shares fell. Troubles ranged from delayed merger deals (JPMorgan) to stubborn expenses (Citi) to questions about the efficacy of artificial intelligence tools (Bank of America).

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TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: banks; economy; finance; leftistsource; newyorkslimes; newyorktimes; robcopland

[delta7]

Keep in mind the big banks have been manipulating the Silver prices, for decades. With Silver hitting $90, they have lost $$$ billions on their massive paper shorts, billions.

Also note our US mint shut down pricing Thur and now repriced their Silver Eagles from $90 something to $170 each!

Hi Ho Silver! Let's hope the big banks keep losing billions, ( they may start going long) they now must pay a price for manipulating the PM markets.....

Yes, Johhny, there is a worldwide Silver shortage....

[delta7]

People’s Bank of China (PBOC) Panda coins are now selling at around 177 USD/Troy Ounce equivalent.

They were selling at 129.45 USD/Troy Ounce equivalent on Friday.

These 30 gram Pandas coins are bullion, not special editions or proof coins.

.....the Silver train left the station ( this Bull started in 2023), and will continue into 2030....and thanks to our MSM, J Six Pack had no idea...

[faithhopecharity]

I really think we should go back to separating regular banking and investment banking.

Investment banking losses can really threaten the continued viability of combined investment/regular banks.

[Big Red Badger]

180 and ounce.....

[BenLurkin]

Time for another stage-managed “Great Repression”?

[roadcat]

.....the Silver train left the station ( this Bull started in 2023), and will continue into 2030....and thanks to our MSM, J Six Pack had no idea...

Yes, banks manipulated the silver pricing. My eagles went up, then went down. Stubbornly held onto them, and glad I did.

Meanwhile, J Six Pack is encountering tax rules as gov't tries to take a cut of profits. Washington State charging sales tax, taking like a 10% sales tax cut while other states do not (none above $2K purchase in some). IRS taxes gains at 28%, unless you hold it and let kids inherit it. All crazy stuff happening, and soon hyperinflation will make J Six Pack regret not buying metals sooner.

[Starboard]

Election year. Expect a steady drumbeat of negative news from now until then. When Democrats are in power expect the opposite from the media.

[hanamizu]

“...thanks to our MSM, J Six Pack had no idea...”

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I’m sure the MSM didn’t help Mr/Miss/Mrs Six Pack understand where silver/gold might go, but consider the widespread ignorance of basic economics abroad in America today. Average household is looking at $7000-$8000 in credit card debt and paying ungodly interest for the pleasure of buying stuff.

I doubt that those people have the savvy to do much in the way of saving, let alone investing in silver/gold. Most schools aren’t teaching people how to deal with the money they earn once they leave school.

[ScottHammett]

APMEX is selling Silver Eagles for ~$106, today. Better load up.

[C210N]

Stubbornly held onto them, and glad I did.

Bear in mind that buying stocks, buying COMEX silver, buying bonds, buying BTC is ALL about investing.

But, buying gold and/or silver is ***DI-vesting***.

Investing is acquiring a derivative of money that one thinks might increase in price.

Divesting is trading your derivatives of money for real money.

In this day of failing fiat, the less of it you hold, and convert to real money, the better off you are thru this transition.

I do not understand the logic of selling your silver today. You did right by getting rid of some fiat to acquire it, why now take the step backwards of filling up again with more worthless fiat?

[roadcat]

I do not understand the logic of selling your silver today. You did right by getting rid of some fiat to acquire it, why now take the step backwards of filling up again with more worthless fiat?

I agree with you, and that's why I held onto my metals. I have a mix of investments. Unfortunately, also have large cash holdings that are decreasing in value due to inflation. Converted some to real estate. The rest I've held onto in case of a huge stock dip where I could buy in on the cheap. Meanwhile, the interest can't keep up with inflation, especially if and when hyper-inflation hits. But my metals will.

[Georgia Girl 2]

Two words: silver shorts

[Eccl 10:2]

NY Times whining that the sky is falling.

If this were a Democrat president, they’d be singing the economy’s praises to the sky and beyond.

[gnarledmaw]

With the red sequin shirt and pumps?

That would just SING, baby!

[Rockingham]

Correct. Most of the time, the separation of commercial and investment banking is to the disadvantage of commercial banks when earnings are compared. Commercial banking though works better and is safer when it is run by cautious, risk-averse men in gray suits who keep to what they know and avoid the investment bank casino. Otherwise, when the economic and investment tides shift, they can do so with ferocity, with commercial banks getting clipped or going under due to their lack of skill in assessing and managing risk.

[faithhopecharity]

and we have to protect our federal agency guarantees for savings/checking accounts.... too...
savings/checking accounts are placed at risk when the bank is playing the investments and commodities games

[dpetty121263]

The Big Crash is coming..The World players in cahoots with the Democrats intend to crash the economy.

[CFW]

Here is a link to the earnings reports from last week. The banks don’t seem to be doing too bad.

For instance JPMorgan had a EPS of $5.23; the previous was $4.81. Revenue was $46.77B; previous was $43.74B.

https://tradingeconomics.com/earnings

[Brian Griffin]

Material ρ (Ω•m) at 20 °C Resistivity

Silver 1.59×10−8
Copper 1.68×10−8
Aluminum 2.82×10−8

https://www.thoughtco.com/table-of-electrical-resistivity-conductivity-608499

[delta7]

APMEX is selling Silver Eagles for ~$106, today. Better load up.

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The U.S. Mint just repriced silver Eagles to $170 each....same same with the Perth Mint, Canadian Mint, PBOC, etc....they were $95 Thursday.....

https://www.usmint.gov/coins/silver-coins/

The big boxes ( authorized distributors- about a dozen) purchase huge amounts months in advance....this is the last time anyone will see $100 Silver Eagles...when they reorder, they will pay $170 minus 10 percent....Silver will bring down a few major banks....stay tuned.