Financial analyst needed. JPMorgan just sold $13B in bonds.
(www.bnnbloomberg.ca)
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Finance fag*
I think you have found something pretty spectacular. JPMorgan Sells $13 Billion of Bonds in Largest Bank Deal Ever. Banks were left in the position of needing to sell Treasuries or add capital, and JPMorgan’s sale of unsecured debt will help it meet total loss-absorbing capacity, or TLAC, requirements, and put the ratio back in balance, Kakuda said.
https://www.yahoo.com/now/jpmorgan-sell-13-billion-bonds-184602000.html
They're a 460B market-cap company. 13B is 2.8% of that.
The last crash JPM had only 10b in exposure and the whole system crashed. Dont underestimate how over leveraged they are.
That's a spoon-fed correlation/causation "explanation" peddled in the financial-press, which makes CNN look like a paragon of honesty.
If JPM blew up tomorrow, what would it mean? It's hard to say. "JPM" is a corporate entity, i.e., a husk, a shell. Are its executives getting hurt? Or did they asset-strip it, dumping dead skin on the shareholders? If so, where are the assets now?
You don't know, unless you're a accountant examining its books. No, not those books, the real books.
Ya i get that that. But if you can't read all I was saying is dont underestimate how over leveraged JPM is.
On the one hand, the money-printer go brrr and the cabal has infinite fiat, on the other hand, they're running out of money and about to blow up.
-- Those are mutually exclusive positions, yet everyone around here seems to be fixated upon both of them.
Only one can be right.
Connected to GME and the dfv Twitter post?
Too much coincidence - today will be interesting