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E*Trade earnings story of profit and loss

January 26, 2012 By Leave a Comment
E Trade_8

E*Trade Financial did emerge out of the fourth quarter being shaken but not stirred. The fourth quarter was full of challenges for E*Trade including soft trading in the stcok market, strategic decision to remain indpedent, the stock price reaching a bottom at $7.42 on December 19, and allocation for loan loss provisions did provide additional challenges to an organization plagued with many challenges over the last five years. E*Trade did report a net loss of $6 million or $0.02 loss per share in the fourth quarter of 2011 in comparison to net profit of $71 million or 24 earnings per share or net loss of $24 million or $0.11 per share a year earlier. The net loss in the fourth quarter was after two profitable quarters gave E*Trade an income of $157 million in 2011. E*Trade did return to full year profitability for the first times in five years. E*Trade did feel the impact of retail investors staying away from the market as trading soften in the fourth quarter as a drain on … [Read more...]

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Donnywise.com/Donny-wise.com changes to Consumer First and The Wise

January 23, 2012 By 1 Comment
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Washington, DC- The two web propertities (of Donnywise.com/Donny-wise.com) are being transitioned out for sole use and ownership of Donny Wise by 2013. Donnywise.com will be called Consumer First by Empower4U or consumerfirst.org and Donny-wise.com will be called The Wise or thewisewriter.com. The donnywise.com or donny-wise.com will be redirected to either Consumer First or The Wise. Snippet Story - Full Story by … [Read more...]

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Obama rejects pipeline, jobs, and credibility at upcoming State of the Union

January 21, 2012 By 6 Comments

President Obama made one of the biggest decisions in 2012 in his decision to reject the Keystone XL Pipeline project for moving forward. This issue is about common sense decision making in a time of crisis whether Republican or Democrat. The fact is the Green Energy movement is not happening at the pace promised or expectations to begin a transfer America's dependence on fossil fuels. The biggest loser of the failure of Green Energy to live up to the expectations to supply clean energy is in job creation. The jobs nor energy production  never came to pass, and the reality is that America needs every good paying industrial job for the labor force. In addition, the Keystone XL Pipeline is not the miracle cure for energy security in America, but the pipeline would be a step in the right direction to supply domestically the oil production needed to bring more stability in price and relative security in meeting our demand for fossil fuels until a real transfer into a cleaner energy is … [Read more...]

Filed Under: Examiner.com-National- Unemployment, Uncategorized Tagged With: , , , , , , ,

Loan growth pushes up earnings at SunTrust and BB&T

January 20, 2012 By Leave a Comment
BB&T

Two supra-regional banks in the DC market did release fourth quarter earnings. SunTrust and BB&T both did report stronger profits in the fourth quarter, and both banks did state that an improvement in credit quality including a reduction in net-charge offs and non-performing loans did accompany a better earnings performance. SunTrust did report a profit of $152 million up from $114 million a year earlier, and BB&T $391 million up from $208 million or an 88% increase over fourth quarter 2010. An improvement in credit quality is only a part of the equation to stronger profits at both institutions, loan growth especially commercial or business lending did support stronger fourth quarter results. BB&T saw loan growth at an annualized rate of 7%, and SunTrust did attribute commercial lending growth as a contributor to fourth quarter results. The return of banking institutions to lending is a positive sign for the marketplace and the overall economy. Outside the DC … [Read more...]

Filed Under: Examiner.com- DC Consumer and Banking Examiner, Uncategorized Tagged With: , , , , , , ,

Unemployment: Five tips to capitalize on the economic recovery

January 20, 2012 By Leave a Comment

  USA Today has a most informative article about three reports that a US recovery is under way. The new weekly jobless claims, floating four week average, and December's inflation being flat for the last month of 2011. The report states that an estimated 1.9 million jobs will be added for 2012. These numbers are still far from full employment with 8.7 million job losses in lieu of The Great Recession and a total of 14 million unemployed in the United States. The addition of 1.9 million jobs for 2012 will bring the total of job creation numbers to 4.5 million jobs. The net loss from The Great Recession will still be at a staggering 4.2 million net loss on jobs. The moves are in the right direction, but what can one do to become a viable applicant in today's competitive environment. Five tips can assist an unemployed applicant become a viable candidate in today's environment. Alternative Employment - Utilize talents to obtain a position as a freelance worker or … [Read more...]

Filed Under: National Unemployment Examiner- Examiner.com, Uncategorized Tagged With: , , , , , , ,

Raleigh, NC- Sunset Photos

January 20, 2012 By Leave a Comment
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… [Read more...]

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Earnings: Bank of America, Wells Fargo surges, Citigroup & M&T see declines

January 18, 2012 By 3 Comments

Bank earnings are mixed among some of DC's largest players in the market. The surprise earnings are from two of the big four national bank players as 4th Quarter earnings for both Bank of America and Wells Fargo were higher than analysts expectations.  The common theme among the larger bank players except for M&T Bank bank were the poor performance of investment trading weighing on banks' earnings for 4th quarter or the October - December reporting  period for 2011.  The micro examination of Bank of America, Wells Fargo, Citigroup, and M&T provide four different banking institutions with not much commonality into the direction of the industry's performance or the overall measurement of health of the entire financial services industry. The following insights are a review of each bank's overall performance for the 4th quarter. Bank of America-  Earnings were reported for the 4th quarter at  net profit of 1.58 billion up from the net loss of one year earlier 1.57 billion … [Read more...]

Filed Under: Examiner.com- DC Consumer and Banking Examiner Tagged With: , , , , , , , , , , ,

Unemployment: Numbers do not account for human toll

January 17, 2012 By 3 Comments
Camper Home of Jessica

December's unemployment rate falls showing a slight improvement in the overall job market, but last week's claims for unemployment spike showing continued weakness in the job market. What numbers do not disclose is the human toll for the millions of unemployed in America. Jessica Algood was excited about her recent job offer from 1-800-PACK-RAT, but her excitement was short lived as the job offer was rescinded by e-mail due to a recent employment gap in her employment history. Jessica is forced to live in a camper in the back of her parents' home with her two children. Jessica's story is one of millions that experience devastating consequences of being unemployed. What are the human toll and societal consequences in America of being unemployed? The reality is staggering in the unemployment and the human toll behind high unemployment. A Lancet medical journal studies shows a 3% rise in unemployment shows a correlating rise of murder, suicides, and alcoholism by 28%.  Unemployment … [Read more...]

Filed Under: Examiner.com-National- Unemployment, Uncategorized Tagged With: , , , , , , ,

Raleigh, NC: Sunset on a cold Friday the 13th

January 14, 2012 By Leave a Comment
ral01

This view from Glenwood South is only a part of the skyline of Raleigh, NC. This shot captures a winter version of the dreaded Friday the 13th. Why is this day such an omen of bad luck? Why did I receive several jokes about canceling camping trips to Crystal Lake for the weekend when the greater threat would have come from the weather than the popular culture Jason? Why did I have strange feelings of omens and insight in full measure yesterday? I did not research the history behind superstitions or lore on Friday the 13th. I am aware it is a bad day, because it is....I am glad for the relative normal level of being insightful and 50-50 balance of good and bad from the 99% to the bad column on Friday. It is Saturday, and another strange trip has settle in the page of history on that cold and jaded Friday the 13th. At least the photo was quality, Friday is over and a new day has begun. … [Read more...]

Filed Under: Uncategorized

Bank of America retreat and impact to DC

January 14, 2012 By 3 Comments
Bank of America

Bank of America is facing deep challenges on several fronts that threaten to weaken the bank even further with any negative downturns in the domestic economy or a deepening of the debt crisis in Europe. The disconnect of the bank is creating a synergy in the depth of the current problems the bank is facing. The foreclosure fiasco of Countrywide Mortgage and the bank's actions to the consumers are impacting the bank's ability to legitimately move a juggernaut of an institution through the most narrow of passages to overcome the challenges of the mammoth sized problems with bank being unscathed or weakened even further. The bank's decision to implement a foreclosure procedure with no regard to collateral damage has been a variable that has brought innocent borrowers along with willing chooser into a foreclosure process that ruins lives and communities, and the implementation of policies and procedures including fee structure and credit limit reductions with no regard to the consumer … [Read more...]

Filed Under: Article Content Future Publication, Examiner.com- DC Consumer and Banking Examiner Tagged With: , , , , , , ,
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