Word: profiting
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...truly fantastic part of this six-year, $26 million initiative is that it is a generous, cohesive, public/private collaboration. The Boston Foundation, a major funder of non-profit organizations in Boston, will be providing $1 million every year. In addition, the State Street Foundation, United Way, the Alchemy Foundation, the Lewis Family Foundation, the Josephine and Louise Crane Foundation, the Barr Foundation, and the Baupost Group will all be supporting the program financially...
...Global Wealth Management division, a deal that will bring Citi more than $2 billion - investors are worried about worsening loan losses across the banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase, which reported a small fourth-quarter profit of $702 million, was the bearer of troubling news, as CEO Jamie Dimon spoke of more hard times to come. "The worst of the economic situation is not yet behind us," he said, noting that the bank's most worrisome businesses going forward are consumer loans and credit cards...
...forecasts for Bank of America (BAC) are even more troubling for investors who want some comfort in certainty even if the numbers are bad. The high estimate for losses in the last quarter is $.25. One analyst is taking the bullish case with $.59 a share profit. No one believe that the best numbers so it is hard to understand why they are even still on the books...
...circumstance for most large cap stocks is the same. Spreads between high and low forecasts for the same company have widened even for firms which have had highly predicable numbers. For Microsoft (MSFT) there is an 8-cent difference between best and worst case scenario of $.45 per share profit and $.53. For AT&T (T) the numbers range from $.63 per share to $.69 per share. This may not seem like much, but for a corporation with revenue of $125 billion a year and 5.9 billion shares outstanding...
...make better traders than women? Not exactly. Though it helped determine the male subjects' returns, the 2D:4D ratio accounts for only 20% of the difference in profit levels observed in the study, according to John Coates, a Wall Street trader turned Cambridge scientist and the study's lead author. "Which means there's 80% left unexplained. It's like height in tennis. It appears to give you some sort of advantage, but there's probably a dozen other things giving you an advantage, and if you were to focus just on [height], you'd be missing all sorts...