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IBDvalueinvestin (98.75)

"FED. DAY" and the focus is on Financials today:



June 24, 2009 – Comments (3) | RELATED TICKERS: BAC , DB , GS

Even after recent rally BAC is still down over -70% from 52wk high even as its eps estimates soar by +200% on the bank's 90 day estimates.


BAC 90 days ago was for .09 eps for this qtr

Current BAC est. is .27 eps for this qtr a 200% increase .


DB 90 days ago was for 4.41 eps for 2009

Current DB est. is for 6.66 eps for 2009 a 50% increase


GS 90 days ago estimate was for 2.00 eps for this qtr

Current GS est. is for  3.48 eps for this qtr a 75% increase.

3 Comments – Post Your Own

#1) On June 24, 2009 at 8:32 AM, IBDvalueinvestin (98.75) wrote:

Major Financial News in Europe :

ECB pumps record euro 442 bln (approx US $619 bln) into system-- Financial Times

The European Central Bank has pumped a record euro 442.2 bln (approx US $619 bln)  into the eurozone banking system in a first-ever offer of unlimited one-year funds as it battles continental Europe's severe recession. The results of the operation, part of ECB efforts to revive the eurozone economy by rejuvenating the financial system, highlighted expectations that liquidity will not be available again on such favorable conditions. The previous largest amount injected in a single ECB operation was euro 348.6 bln (approx US $488 bln) in December 2007. Demand for the one year funds appears to have been boosted significantly by financial markets' growing conviction that ECB interest rates will not fall any further. The operation is expected to push down significantly market borrowing costs, including 12 month interest rates, which are already lower than in the US. The decision to offer funds for one-year (announced in May and dubbed by some economists a "stimulus by stealth") marked a further escalation of the ECB's offensive. Unlike in previous operations, however, banks appear not to have held back in the expectation that interest rates will subsequently fall. Creating an additional incentive, the ECB reserved the right in future one-year operations to charge an interest rate above its main policy rate. Report this comment
#2) On June 24, 2009 at 9:19 AM, IBDvalueinvestin (98.75) wrote:

I hope the above research makes profits for anyone reading this blog.

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#3) On June 24, 2009 at 9:47 AM, SolarisKing (< 20) wrote:

rec, thanks


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