Special Situations 🌐 Research Newsletter (Jay)
$BAC ERASES EARLIER GAIN AND FALLS TO PREMARKET LOW
*Bank of America GAAP EPS of $0.73 misses by $0.02, revenue of $22.7B misses by $90M
*Noninterest income declined $989 million, or 9%, to $10.2 billion, primarily reflecting weaker capital markets.
$JPM $C $GS $DB $UBS $BARC $CS
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$BAC ERASES EARLIER GAIN AND FALLS TO PREMARKET LOW
*Bank of America GAAP EPS of $0.73 misses by $0.02, revenue of $22.7B misses by $90M
*Noninterest income declined $989 million, or 9%, to $10.2 billion, primarily reflecting weaker capital markets.
$JPM $C $GS $DB $UBS $BARC $CS
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Special Situations 🌐 Research Newsletter (Jay)
Loan upgrade-to-downgrade ratio (credit) we were discussing on Spaces last week. Downgrades are now > upgrades, pointing to the expected weakness in credit with the slowing economy & inflation.
Important to monitor regarding strength of leveraged loan markets! $JNK $HYG $BKLN https://t.co/uSZ3WmlQLM
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Loan upgrade-to-downgrade ratio (credit) we were discussing on Spaces last week. Downgrades are now > upgrades, pointing to the expected weakness in credit with the slowing economy & inflation.
Important to monitor regarding strength of leveraged loan markets! $JNK $HYG $BKLN https://t.co/uSZ3WmlQLM
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Special Situations 🌐 Research Newsletter (Jay)
After week marked by a fresh crisis in Rome, MLIV readers warn Italian debt risks hitting danger zone once more, just as near-imminent recession intensifies plunge in the euro to levels not seen in 20 years.
Just 16% of 792 in latest Pulse survey say EU will not have recession
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After week marked by a fresh crisis in Rome, MLIV readers warn Italian debt risks hitting danger zone once more, just as near-imminent recession intensifies plunge in the euro to levels not seen in 20 years.
Just 16% of 792 in latest Pulse survey say EU will not have recession
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Special Situations 🌐 Research Newsletter (Jay)
More households in Britain are canceling video streaming subscriptions due to the rising cost of living.
1.66 million services were canned in 2Q22 (Kantar)
Under-24s were most likely age group to cancel due to cutting costs, w/ people budgeting for energy bills. $NFLX $DIS
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More households in Britain are canceling video streaming subscriptions due to the rising cost of living.
1.66 million services were canned in 2Q22 (Kantar)
Under-24s were most likely age group to cancel due to cutting costs, w/ people budgeting for energy bills. $NFLX $DIS
tweet
Offshore
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Ethan Mollick
Sadly, "fun" icebreakers work:
▶️If everyone shares a favorite TikTok or short video on Zoom, it builds trust
🎶Singing improves group cohesion
😱Telling an embarrassing story improves group creativity
👾 Playing a video games for 45 minutes raised future team performance by 20% https://t.co/TBgxjhhgbO
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Sadly, "fun" icebreakers work:
▶️If everyone shares a favorite TikTok or short video on Zoom, it builds trust
🎶Singing improves group cohesion
😱Telling an embarrassing story improves group creativity
👾 Playing a video games for 45 minutes raised future team performance by 20% https://t.co/TBgxjhhgbO
tweet