rjm77me's Blog : Real money trades will be kept on blog started last week

Bought CL Nov 75 calls at 1.47 this morning
sold at 1.73 not bad for day trade 20% in a day

bought JRCC with limit order at 16.81 sold 17.07

Most of trades can be duplicated for short term trading

beats by $0.11, reports revs in-line (12.34 )

Reports Q3 (Sep) earnings of $0.27 per share, excluding a $10.4 bln impairment charge relating to debit interchange fee limits (Durbin Bill), $0.11 better than the Thomson Reuters consensus of $0.16; revenues rose 2.3% year/year to $26.98 bln vs the $27.15 bln consensus. Net interest income on an FTE basis increased 8% from a year earlier, reflecting the impact of the adoption of new consolidation guidance, effective January 1, 2010, which added assets of ~$100 bln to the balance sheet as of that date. Rev, net of interest expense, on an FTE basis was -8% QoQ. Net interest income on an FTE basis was down 4% QoQ, reflecting lower loan levels and the impact of the extended low rate environment. Credit Quality: The provision for credit losses was $5.4 bln, $2.7 bln lower than the second quarter and $6.3 bln lower than the same period a year earlier. The provision was $1.8 bln lower than net charge-offs, resulting in a reduction in the allowance for loan and lease losses for the quarter. This compares with a $1.45 bln reduction in the second quarter and an addition of $2.1 bln a year earlier. Net charge-offs were $2.4 bln lower than the second quarter of 2010, reflecting improvement in the consumer and commercial portfolios. The decrease was primarily driven by the impact of continued improvement in delinquencies in both the consumer credit card and real estate portfolios. Capital: Tier 1 common: 8.45% vs 8.01% in 2Q10; tier 1 capital 11.16% vs. 10.67% in 2Q10; tangible common equity 5.77% vs 5.36% in 2Q10; tangible book value: +6.3% QoQ and +7.6% YoY to $12.91