U.S. Morning Call: JPMorgan reports higher Q4 profits
Wednesday, January 16, 2013 - 03:15
Jan 16 - JP Morgan reports an increase in fourth-quarter profits as the biggest U.S. bank made more home loans.
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Here's your morning coffee on Wednesday bank to focus. And with JPMorgan and Goldman facts reporting earning -- about JPMorgan. Is out. The largest US banks saying fourth quarter net income jumped 53%. Jamie Dimon saying the bank made more mortgages and -- -- declining costs for bad loans. Over at Morgan Stanley -- look how much executives are Ernie. I think employees at debate getting I oh unit and that of cash this year. Morgan Stanley taking three years to pay out 2012 bonuses according to multiple sources familiar with the situation. Those making more than 350000. We'll have to wait for bonuses of at least 50000. The move falls right in line with calls for banks to better align incentives with shareholder interests. So those calls coming from hedge fund honcho Dan -- And a letter to client -- criticized Morgan Stanley's paid for directors which is all more -- paid for JPMorgan. Executives. Moving on to US stock futures are pointing to a lower start this morning the FMP looking like give me about some of yesterday's gains on the week on data docket we've got industrial production for December housing market conditions for January. And the Fed's Beige Book coming out later in the day. The Federal Reserve is expected to maintain its aggressive easing of monetary policy. -- on gun manufacturers stocks. Today President Obama will propose an assault weapons ban and better background checks for gun buyers. Think that's taking on Google with its new search tool Mark Zuckerberg introduced -- search yesterday at the company's first major product launch. That's a rocky IPO in May the function is a front based or it's that lets users browse photos people and places. Putting the social network and direct competition with Google search. But that -- FaceBook angles first go around and play eleven global launch its own social networking service Google+. What grabbed some analysts say FaceBook may be taking its first step toward challenging global on its home turf. -- is beta and it's beta phase and only available to a limited number of users. Taking a look at shared that -- back up slightly in the premarket. Well all slightly lower. Some stocks were watching this morning shares of Boeing Downey and the premarket. Yet another mishap for the malfunction prone dreamliner. This time a Japanese airline jet making an emergency landing after smoke was detected in the cockpit. And General Motors expects its operating profit to rise modestly. This year that we. Word triggering a sell off after the market close. That is your warning columnists Wednesday all of aren't. Twitter Reuters Insider and check out our Reuters YouTube channel at Reuters dot com mindless TV. I'm -- mom of the --
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