Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's cheap to renew these Domain names. They probably just want to make sure that the website isn't taken and used against them for several years.
(I mean there are some crazy people hanging out on Online Chat Groups and posting all kinds of crap every second of the day about WAMU..........Haha.)
"I've seen you over the past year pushing crypto, obviously you're excited over it. "
- I seek never to "push", only to inform. And I'm not "excited" over it, I just see from watching and studying since 2017 that it is inevitable.
"it's (gold) NOT supposed to be an investment, but rather insurance"
- Excellent point, because that it is, but many see it as an investment. Good on you for eyeing the difference.
"gold and silver have been valued for 5000 years"
- Yes, and the vast majority of that time was vastly less technological than today is. Once we went to cars, we'll never go back to horse and buggy. Once we went to internet, we'll never go back to no internet. And now that we can something with many of the good qualities of gold without the hinderances of gold, we will not go back. The move toward digitization of all assets is happening at full speed as we speak, I promise you that. See what Chainlink is doing.
"with ledgers everywhere and in everyone's hands, it (Bitcoin) cannot be manipulated?"
- There is some concern that in 10-20 years, quantum computing could be a threat, but estimates for Bitcoin price at that time are in the multiple millions, and one would be wise to redistribute their profits before that.
"why is it that Bitcoin is also displayed visually as a shiny gold coin?"
- Because we humans are simple creatures with primitive minds and can't fully grasp value that doesn't look at all like value we're already familiar with. So people make pictures newbies can relate to because explaining blockchain ledgers is not going to stick for most.
"I don't even really trust my BANK to be there if worse comes to worse"
- Very wise, and no one should.
"My COOP stock sits in Charles Schwab, and I feel the risk is low, but what if Schwab folded unexpectedly?"
- Excellent point. Schwab is your 3rd party custodian you must have faith in, and in that you've just pitched Bitcoin. Bitcoin can be owned and transferred to the other side of the planet for next to free, nearly instantaneously, and can be done without the need for a 3rd party.
"And Blackrock? Excuse me, for feeling less than warm about them"
- Well duh lol. Of course not, they're the devil. That's irrelevant. They have power, control, and influence over the world's financial culture, and THAT is the point. They will always win. I'm not advising you love them, but it's wise to follow what they're doing.
"spread your risk around"
- 100% agreed
----------------------------------
Thanks for your thoughts.
If they didn't renew it that would be a bummer. So I'm kind of curious what they're going to use the domain name for in the long run.
Its very very significant for me.
Bit (binary digit) is a on and off switch - it can be turned off anytime. No one would ever know where it went. Ask any software person. Can I create a virus that would go dominate internet and start to delete all bit related information? LOL.. Picture Cyberdyne Systems going around deleting all related information.. Very simple in my opinion
Well sure, let's discuss this.
Yes, the USD is on a path to collapse. I guess it's time to pick your poison. I've seen you over the past year pushing crypto, obviously you're excited over it. I too, held both Bitcoin and Bitcoin Cash, making a profit on it back in 2021 (the tax reporting was annoying) when I got out.
Gold has now outperformed the S&P for the past 20 years, Go look it up. But it's NOT supposed to be an investment, but rather insurance. Is there a place for the 100x Apple? Of course. Or the Nvidia, well yes, there are a lot of stocks I wish I had invested in years ago, but that hadn't been on my radar.
You mention the only reason people value gold is because it's "(supposedly) scarce", ignoring the fact both gold and silver have been valued for 5000 years, without pointing out a very real modern industrial need for especially silver and new technologies. Ask yourself why central banks have been stockpiling gold? Then you point out the 21 million limitation on Bitcoin (yes, I understand block technology, been a senior analyst and developer for almost 30 years now and it does have it's purposes), without also admitting that even with ledgers everywhere and in everyone's hands, it cannot be manipulated? Do you really believe that? You believe it has value, because it cannot be tampered with. but IT'S track record barely dents 20 years? And why is it that Bitcoin is also displayed visually as a shiny gold coin? Because people value that! Now, people who have invested in precious metal ETF's have lost their investment when a shady firm folded (Oxford Gold anyone?), rather than holding it IN their custody with no counter-party risk. Pointing to your digits on a screen is nice, but when that moment no one expected arrives, you believe it will still be there? Hell Vod, I don't even really trust my BANK to be there if worse comes to worse. My COOP stock sits in Charles Schwab, and I feel the risk is low, but what if Schwab folded unexpectedly? Yes, your stock is insured, but get in line waiting to be reimbursed and after watching the WaMu debacle for almost 18 years, let's just say my confidence isn't extremely high.
And Blackrock? Excuse me, for feeling less than warm about them.
The best I can say, is spread your risk around. That probably means hard assets (real estate, etc), stocks, bonds, precious metals, crypto, cash. Because no one really knows where the next blow is coming from, no matter how much people want to claim otherwise.
Hello Wodka,
by golly, I am glad to read and see that not only in small circles there are people who know how to think and combine some facts of high finance.
I cannot deny that I thought I could read such a conversation even here in this room.
I am pleased.
XXXX
I'm showing a gap around $90. I hope they just get it filled soon and move on up from there. Getting old waiting for this to hit $100. eom jj
I see a lot of people excited about the recent performance of Gold. Well I'm not here to pour cold water on anyone's investment, but I think it's good to look at everything in perspective. In the last 30 years this is how these assets have increased in price:
Gold: 5X
Exxon: 10X
Microsoft: 20X
Apple: 100X
And interestingly if you just look at the last ten years, the best overall investment has been (drum roll please)........
BITCOIN!
Yes, you read that correctly.
Over the past year, the two best stocks have been Nvidia and Microstrategy. Microstrategy is no surprise as it's basically a bet on Bitcoin as Michael Saylor has made MSTR predominantly a Bitcoin development company, and MSTR trades at a premium to Bitcoin.
Regarding gold, one should keep in mind that the only reason we value it is because it's (supposedly) scarce. However it's generally understood that the amount we've mined is just 1% of what's mineable in the land and sea. Think about it- If the price of gold goes up enough, they'll just start new gold mines and ramp up operations at existing mines, thereby increasing supply and thus bringing cost back down.
Bitcoin on the other hand is cryptographically limited to 21 million. By "cryptographically", what that means is that in order to produce more than 21 million, you would need to change how math itself works, for example you would need the power to make it so that 1+1 no longer equaled 2. In other words, 21 million is the hard cap limit.
Blackrock is investing in Bitcoin because it sees the USD collapsing as our government's 35 Trillion dollar debt is realistically not payable and default is just a matter of time.
Have a great day folks!
Vodka-
$3K by end of this year - and by 2030 5K+.
Yep, for about 5-6 years now, I've been keeping a large portion of my cash in shiny.
Wish I had started earlier, but if the best time to plant that apple tree was 20 years ago, the second best time is today.
"gold hitting $2611 and some are saying 3,000 woww"
THAT is how fast the value of the Dollar is DROPPING....
Looks like we’re gonna have to wait till we get closer to earnings to push through 100
Now on to other things, the markets as of this post, it seem to be a coin flip as of this post after the run-up where COOP/OTHIS had one direction along with my utility funds Oh well sometimes shet happens I guess along with the 1/2 % cut and gold hitting $2611 and some are saying 3,000 woww I don't play gold,outta my league but that! is scary and pissing on that rate cut IMHO
GogoooooCOOP GLTA.
TGIF BABEEEEE, Have a great weekend people -Ts😉
👉COOP's increased their STOCK REPURCHASE PROGRAM to $270M (from $200M) according to their last report!
See (page 3): https://s1.q4cdn.com/275823140/files/doc_financials/2024/q2/2Q-24-Earnings-Presentation-FINAL1.pdf
This allows them to BUY BACK additional ~2.9M shares at the current PPS.
COOP already repurchased ~35% (=32.3M shares in total) of their originally outstanding common stock since inception, according to their presentation from the last earnings call above!
Thank you for your kind words. I am pleased if you have made profits with my posts. I have always read your posts, especially those about options, with great interest, but I have not ventured into options trading myself. Good luck for the future and all the best!
Good morning people, Hey LOASS Thanxs! good idea I had a double on the rocks and slept like a baby, one good turn deserves another , DONT forget ur Geritol pills this morning 🥴
People who held on to the shares are at least not unlucky.
Many sold, most recovered the Wamu losses and left, probably.
The business is growing extraordinary, Mr. Cooper is no ordinary stock, if you are honest. It is a bizarr stock. Probably JustNormal is just saying this, "hold on to the stock".
People who know me, could remember a similar reasoning. "By now, better hold on to this bizarr stock." So far, at least by now, it is not expensive. But make your own Investment decissions.
The (sold) shares come from the biggest holders, as you can check on your own at the Nasdaq website.
Worst case scenario is, they use company money to transer it to major holders, best case scenario is, WAMUs legacy doubles or tripples the size from Mr. Coopers Business.
As said, anybody needs to make his own investment decissions.
have another Jameson, then go back to sleep....Lodas
Just doing some lite market reading and I did not realize that GOLD HIT $2611. today, most should know what the meaning of that in ref to the buck
GLTA-Ts
After analyzation of the situation After reading every documentation After hearing every elaboration After screaming my lungs off throughout the nation Looking for clues justification even Consideration Total stagnation I have zero appreciation .. Sincerely we got lost
Jhd Nahhhhhh ,maybe he’s just seasick 😉😂
GLTA-Ts
You use to be congenial, but you’re becoming more testy with each post. Observing from afar.
JHD
Anytime now….soon…real soon…
Maybe they missed the memo!……
Probably in the fine print. I was pushing for June 1, as being "the beginning" and then Septmber 1st and now October 22nd. - January 22? Time is money and they know it When there is a delay, they make money. I feel we are in the "one flew over the cocoker's nest" movie
"During 2023, five FDIC insured financial institutions failed, three of which are among
the largest failures in U.S. history. The first failure was Silicon Valley Bank, Santa Clara,
California, which failed on March 10, with $209 billion in assets, followed by Signature Bank,
New York, New York, which failed on March 12, with $110.4 billion in assets, and First Republic
Bank, San Francisco, California, which failed on May 1, with $212.6 billion in assets."
https://www.fdic.gov/system/files/2024-06/pl-2023-annual-report.pdf
"During 2023, five FDIC insured financial institutions failed, three of which are among
the largest failures in U.S. history. The first failure was Silicon Valley Bank, Santa Clara,
California, which failed on March 10, with $209 billion in assets, followed by Signature Bank,
New York, New York, which failed on March 12, with $110.4 billion in assets, and First Republic
Bank, San Francisco, California, which failed on May 1, with $212.6 billion in assets.
PG.6
Thanks RD for the reminder. They have missed two payments already. Any idea why?
Semper Fi
PRESS RELEASE | SEPTEMBER 5, 2024
FDIC-INSURED INSTITUTIONS REPORTED NET INCOME OF $71.5 BILLION
Net Income Increased From the Prior Quarter, Driven By Lower Noninterest Expense and One-Time Gains
Community Bank Net Income Increased Quarter Over Quarter
The Net Interest Margin Declined Slightly, Driven by the Largest Banks
Domestic Deposits Decreased From the Prior Quarter
Asset Quality Metrics Remained Generally Favorable, Though Charge-Offs Increased
Loan Balances Increased Modestly From the Prior Quarter and a Year Ago
The Deposit Insurance Fund Reserve Ratio Increased Four Basis Points to 1.21 Percent
Quarterly Banking Profile - Quarterly Net Income“The banking industry continued to show resilience in the second quarter. Net income increased and asset quality metrics remained generally favorable. However, the banking industry still faces significant downside risks from uncertainty in the economic outlook, market interest rates, and geopolitical events. In addition, weakness in certain loan portfolios, particularly office properties, credit cards, and multifamily loans, continues to warrant monitoring.”— FDIC Chairman Martin J. Gruenberg______________________________________________________________WASHINGTON— Reports from 4,539 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $71.5 billion in second quarter 2024, an increase of $7.3 billion (11.4 percent) from the prior quarter. A decline in noninterest expense and one-time gains on equity security transactions contributed to the quarterly increase. These and other financial results for second quarter 2024 are included in the FDIC’s latest Quarterly Banking Profile released today.
The Industry’s Net Income Increased From the Prior Quarter, Driven By Lower Noninterest Expense and One-Time Gains: Second quarter net income for the 4,539 FDIC-insured commercial banks and savings institutions increased $7.3 billion (11.4 percent) from the prior quarter to $71.5 billion. A decline in noninterest expense (down $3.6 billion, or 2.4 percent) along with higher noninterest income (up $1.2 billion, or 1.5 percent) and higher gains on the sale of securities (up $937 million) were the primary factors driving the increase in net income. Higher provision expenses offset some of the increase in net income.
The quarterly increase in net income was largely driven by nonrecurring items including an estimated $4 billion reduction in reported expense related to the FDIC special assessment, approximately $10 billion in gains on equity security transactions by large banks, and the sale of an institution’s insurance division that resulted in an after-tax $4.9 billion gain.[1] These increases were partially offset by several large banks selling bond portfolios at a loss and a $2.7 billion increase in provision expense.
The banking industry reported an aggregate return-on-assets ratio (ROA) of 1.20 percent in second quarter 2024, up 12 basis points from first quarter 2024 but down one basis point from first quarter 2023.
Community Bank Net Income Increased Quarter Over Quarter: Quarterly net income for the 4,104 community banks insured by the FDIC was $6.4 billion in the second quarter, an increase of $72.6 million (1.1 percent) from first quarter 2024. Higher net interest income (up $546.4 million, or 2.7 percent) and higher noninterest income (up $253.9 million, or 5.0 percent) more than offset higher noninterest expense (up $365.7 million, or 2.1 percent) and higher provision expenses (up $140.5 million, or 18.2 percent). The community bank pretax ROA increased one basis point from last quarter to 1.14 percent.
The Net Interest Margin Declined Slightly, Driven by the Largest Banks: The industry’s net interest margin (NIM) declined one basis point to 3.16 percent in the second quarter as the growth in funding costs slightly exceeded the growth in earning-asset yields. The industry’s second quarter NIM was nine basis points below the pre-pandemic average NIM after falling below that level last quarter.[2] The NIM increased quarter over quarter for all size groups except for the largest banks, those with assets over $250 billion, who in aggregate reported a four basis-point decline in the NIM. The community bank NIM of 3.30 percent increased seven basis points quarter over quarter, reversing a five-quarter declining trend, but was still 33 basis points lower than the pre-pandemic average.
Asset Quality Metrics Remained Generally Favorable, Though Charge-Offs Increased: Noncurrent loans, or loans that are 90 days or more past due or in nonaccrual status, remained unchanged from the prior quarter at 0.91 percent of total loans and well below the pre-pandemic average of 1.28 percent. Despite the stability in overall noncurrent loans, the noncurrent rate for non-owner occupied commercial real estate loans of 1.77 percent was at its highest level since third quarter 2013, driven by office portfolios at the largest banks. However, these banks tend to have lower concentrations of such loans in relation to total assets and capital than smaller institutions, mitigating the overall risk.
The industry’s net charge-off rate increased three basis points to 0.68 percent from the prior quarter and was 20 basis points higher than the year-ago quarter. This ratio was also 20 basis points above the pre-pandemic average and remained the highest quarterly rate reported by the industry since second quarter 2013. The credit card net charge-off rate was 4.82 percent in the second quarter, up 13 basis points quarter over quarter and the highest rate reported since third quarter 2011.
Loan Balances Increased Modestly From the Prior Quarter and a Year Ago: Total loan and lease balances increased $125.8 billion (1.0 percent) from the previous quarter. The increase was driven by higher loans to nondepository financial institutions (NDFIs) (up $76.0 billion, or 9.6 percent) and consumer loans (up $25.8 billion, or 1.2 percent). Much of the growth in NDFI lending appears to be due to reclassification from other existing loan categories. The majority of banks (75.1 percent) reported quarterly loan growth, and all major loan categories except construction and development loans showed quarter-over-quarter growth.
Total loan and lease balances increased by $244.5 billion (2.0 percent) from the prior year. The annual increase was also led by loans to NDFIs (up $77.5 billion, or 9.8 percent), likely due to reclassifications in the second quarter, as well as credit card loans (up $77.0 billion, or 7.5 percent) and adjustable rate 1-4 family residential mortgage loans (up $69.3 billion, or 7.5 percent). A large majority of banks (82.9 percent) reported annual loan growth.
Community banks reported a 1.7 percent increase in loan and lease balances from the previous quarter and a 6.3 percent increase from the prior year. Growth in nonfarm, nonresidential CRE loans and 1-4 family residential mortgage loans drove both the quarterly and annual increases in loan and lease balances. Loan growth was broad based across community banks with over three quarters of such banks reporting higher loan balances from the prior quarter.
Domestic Deposits Decreased From the Prior Quarter: Domestic deposits decreased $197.7 billion (1.1 percent) from first quarter 2024, well below the pre-pandemic average second-quarter growth of 0.2 percent. Both savings and transaction deposits declined from the prior quarter, with growth in small time deposits partially offsetting the declines. Brokered deposits decreased for the second straight quarter, down $10.1 billion (0.8 percent) from the prior quarter. Banks with over $250 billion in assets drove the quarterly decline in deposits.
Estimated insured deposits decreased $96.0 billion (0.9 percent) and estimated uninsured domestic deposits decreased $50.4 billion (0.7 percent) during the quarter. Banks with assets greater than $250 billion reported lower uninsured deposits in the second quarter, while banks with assets less than $250 billion reported higher uninsured deposit levels.
The Deposit Insurance Fund Reserve Ratio Increased Four Basis Points to 1.21 Percent: In the second quarter, the Deposit Insurance Fund (DIF) balance increased $3.9 billion to $129.2 billion. The reserve ratio increased four basis points during the quarter to 1.21 percent.
The Total Number of Insured Institutions Declined: The total number of FDIC-insured institutions declined by 29 during the quarter to 4,539. Three banks were sold to credit unions and 26 institutions merged with other banks during the quarter. One bank failed in the second quarter but did not file a call report in the first quarter, and no banks opened.
# # #
ATTACHMENTS:
Quarterly Banking Profile Home Page (includes previous reports and press conference webcast videos)
Charts and Data
Chairman Gruenberg’s Press Statement
MEDIA CONTACT:
Julianne Breitbeil
202-340-2043
JBreitbeil@FDIC.gov
FDIC: PR-76-2024
Royal Dude
Re: Boris the Spider post# 733350
Sunday, August 25, 2024 4:48:39 PM
Post# of 733352 Go
Possibility of FDIC September 1st
PG. 30
Release of JPMC Escrow Account, Washington Mutual Escrow Account and FDIC Escrow Account. (i) JPMC, WMI and the FDIC Receiver shall jointly direct the custodian of the JPMC Escrow Account, the Washington Mutual Escrow Account and the FDIC Escrow Account to release all or a portion of the JPMC Escrow Account, the Washington Mutual Escrow Account and the FDIC Escrow Account as the case may be, to JPMC, WMI and the FDIC Receiver, respectively, as soon as is practicable after the earlier to occur of: (A) the date on which all Pre-2009 Group Tax Liabilities are finally determined and paid and the final amount of Net Tax Refunds Received has been determined and is not subject to change; and (B) the date on which JPMC (with respect to the Washington Mutual Escrow Account), WMI (with respect to the JPMC Escrow Account), or JPMC and WMI jointly (with respect to the FDIC Escrow Account), consents, in writing, to permit the release of all or such agreed portion of the JPMC Escrow Account, the Washington Mutual Escrow Account or the FDIC Escrow Account, as applicable (such consent, in each case, not to be unreasonably withheld or delayed); provided, however, that there shall be released from each escrow account at least quarterly (on or prior to each March 1, June 1, September 1 and December 1) fifty percent (50%) of all amounts earned by such escrow account with respect to assets held therein.
[Fdic.govwww.fdic.gov/system/files/2024-07/wamu-global-settlement-agreement.pdf]([https://www.fdic.gov/.../wamu-global-settlement-agreement...))
[Second Amended and Restated Settlement Agreement - FDIC]([https://www.fdic.gov/.../wamu-global-settlement-agreement...)
(https://www.fdic.gov/.../wamu-global-settlement-agreement...);;
settlement does not deplete the assets or increase the liabilities associated with the WaMu ... International Service Association, VISA, Inc., and the ...
We will be paid in the Series NN and reconstruction the past year using UQRS and others. IMO
"The Series NN Preferred Stock shall rank as to dividends and upon liquidation, dissolution or winding-up on a parity with the Corporation’s
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R, Fixed-to-Floating
Rate Non-Cumulative Preferred Stock, Series S, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, Fixed-to-Floating Rate
Non-Cumulative Preferred Stock, Series X, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series CC, 5.75% Non-Cumulative Preferred
Stock, Series DD, 6.00% Non-Cumulative Preferred Stock, Series EE, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF, 4.75%
Non-Cumulative Preferred Stock, Series GG, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series HH, Fixed-to-Floating Rate
Non-Cumulative Preferred Stock, Series II, 4.55% Non-Cumulative Preferred Stock, Series JJ, 3.65% Fixed-Rate Reset Non-Cumulative Preferred
Stock, Series KK, 4.625% Non-Cumulative Preferred Stock, Series LL and 4.20% Non-Cumulative Preferred Stock, Series MM."
https://jpmorganchaseco.gcs-web.com/static-files/499807a7-a220-4176-80ab-2925ce9f2d39
The Most Royal Dude
@ JWW....thanks for all your work that you do... I have made lots of money with your recommendations through the years by buying, and selling options with each upward movement in the share price....buying the dip (Pickstocks recommendation) has been lucrative for me... I will get a huge sum of money in my account when my January call options expire.... with this big hunk of cash, I will no longer go long on coop, but SELL PUTS EACH MONTH to bring in premium to finish out my long career in investing which started in 1961, or 62?... cant remember... I started options trading in 1972 when the CBOE went public... won some, lost some, but in the main it was profitable ... thanks again for all you do, and I will certainly be watching your posts into the new year.... Lodas
That is right…thank you for posting updates….great information
Why does it matter…..you do not own any coop stock…..or old escrows…you are just a messenger for someone else….
Hello JWW, I cannot understand your constant repetitions, 150/200/250 and more.
But do you know that the FREEFLOAT is only Ca. 7%?.who has to sell or buy?.who gives the shares, where can the shares come from?
The point is, your pushing is in vain!
Or do you really think you can move a few pebbles with your constant hammering? I really don't understand your work!
XXXX
Just a reminder to those that may have forgot, KBW was a Minor Underwriter of WMI Bonds...They are in the know and to me their upgrade is meaningful to me as an Holder of Beneficial Interests in all flavors of old WMI Bonds held by various Trustees.
Right, COOP is VERY CHEAP, $250+ is fair value IMO
Check COOP's current P/E ratio: https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP
COOP's trailing P/E is only: 8.87
COOP's forward P/E is only: 8.06
The P/E ratios in this list (data is as of January 2024)
Financial Svcs. (Non-bank & Insurance) covering 172 companies is the correct row:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
Hi jhd I did “ Let’s hope COOP/OTIS pps.catches some of the temporarily happiness” 😉
It does seem for now the banks & Techs are are enjoying , utilities and COOP/OTIS not so much as of this post 🫣🤔
To The sky is falling OR The sky is going to fall and the throw enough shet against the barn door and SOOONER OR LATER something’s is gonna stick people
Since 1900, the market has had a pattern of crashing every seven to eight years, according to Morningstar and Investopedia. It is not an exact pattern (e.g., no significant crash in 2015), but there seems to be enough data to at least mention it. Here are some of the larger market crashes we’ve experienced over the years. The dates reflect when the crash started (the peak).
1903 - Rich Man’s Panic (-22%)
1906 - General panic (-34%)
1911 - WWI and influenza (-51%)
1929 - Great Depression (-79%)
1937 - WWII (-50%)
1946 - Postwar bear market (-37%)
1961 - Cold War/Cuban Missile Crisis (-23%)
1966 - Recession (-22%)
1968 - Inflation bear market (-36%)
1972 - Inflation, Vietnam War and Watergate (-52%)
1980 - Stagflation (-27%)
1987 - Black Monday (-30%)
1990 - Iraq invaded Kuwait (-20%)
2000 - Dot-com crash (-49%)
2007 - Housing crisis (-56%)
2020 - COVID-19 pandemic (-34%)
——————
Sooner or later ,it’s not rocket science, TIMING IS THE SMART ONE 🤔
Have a great day people GLTA-Ts😉
Well done - you found a JPM Bond prospectus from April 2023 !
Definitely totally relevant for former Escrow holders expecting gazillion dollar payouts
Newflow, I’ll mention it again. Nationstar is not considered to be the Debtor or Reorganized Debtor. Reorganized Debtor Merged and the Surviving Entity is Nationstar. Nationstar L.L.C./Nationstar Holdings, can purchase those Assets. They are their Best Customers. Excuse me, “The Very Important Client.” ( My Opinion )
Remember: Nationstar gets 36% and Wmih gets 64% of Perpetual Assets is a No Brainer. They have Mastered This Strategy!
Well that throws out the soon and really soon prediction
Yeah!!!! Buy on the dip….
🚀💥🚀UPDATED $COOP price targets==>UBS:$118, Wedbush:$115, KBW:$105 (from $96), Piper Sandler:$103, Barclays:$101, Compass Point:$97, DEUTSCHE BANK:$90
See: https://www.marketscreener.com/quote/stock/MR-COOPER-GROUP-INC-46600303/consensus/
I am of the opinion now that we are not going anywhere until Coop buys what they need to buy in stock.
JHD
I've never counted pre as it is NOT market hours
Sort of looks like the 80's coming back
BECAUSE THEY CAN and WILL until they can't anymore
What a pos. Now back to $ 93.20.
96.15 pre-market > new all-time high!
Hey SUSU Take a BOND if you have any value in this?????????????
"$125,157,168,784
JPMORGAN CHASE & CO.
Debt Securities
Warrants
Units
Purchase Contracts
Guarantees
JPMORGAN CHASE FINANCIAL COMPANY LLC
Debt Securities
Warrants
We, JPMorgan Chase & Co., may from time to time offer and sell any of our securities listed above, in
each case, in one or more series. Our subsidiary, JPMorgan Chase Financial Company LLC, which we
refer to as “JPMorgan Financial,” also may from time to time offer and sell its securities listed above, in
each case, in one or more series. We fully and unconditionally guarantee all payments of principal,
interest and other amounts payable on any debt securities or warrants JPMorgan Financial issues. Up to
$125,157,168,784, or the equivalent thereof in any other currency, of these securities may be offered
from time to time, in amounts, on terms and at prices that will be determined at the time they are offered
for sale. These terms and prices will be described in more detail in one or more supplements to this
prospectus."
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
· Minimum denominations of $10,000 and integral multiples of $1,000 in excess thereof
Key Terms
Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co
Guarantor: JPMorgan Chase & Co.
Reference Rate: 2-Year U.S. Dollar SOFR ICE Swap Rate (the “ICE Swap Rate”) determined as set forth under “Supplemental Terms of the Notes” in this pricing supplement
Payment at Maturity:
If the Final Reference Rate is greater than or equal to the Reference Strike Rate or is less than the Reference Strike Rate by up to the Buffer Percentage, at maturity you will receive a cash payment that provides you with a return per $1,000 principal amount note equal to the Contingent Digital Return. Accordingly, under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Contingent Digital Return)
If the Final Reference Rate is less than the Reference Strike Rate by more than the Buffer Percentage, at maturity you will lose 1.66667% of the principal amount of your notes for every 1% that the Final Reference Rate is less than the Reference Strike Rate by more than the Buffer Percentage. Under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows:
$1,000 + [$1,000 × (Reference Rate Return + Buffer Percentage) × Downside Leverage Factor]
If the Final Reference Rate is less than the Reference Strike Rate by more than the Buffer Percentage, you will lose some or all of your principal amount at maturity.
Contingent Digital Return: At least 12.10%, which reflects the maximum return on the notes. Accordingly, assuming a Contingent Digital Return of 12.10%, the maximum payment at maturity per $1,000 principal amount note is $1,121.00. The actual Contingent Digital Return will be provided in the pricing supplement and will not be less than 12.10%.
Buffer Percentage: 40%
Downside Leverage Factor: 1.66667
Strike Date:
Pricing Date:
September 17, 2024
On or about September 18, 2024
Original Issue Date: On or about September 23, 2024 (Settlement Date)
Observation Date†: September 30, 2025
Maturity Date††: October 3, 2025
https://www.sec.gov/Archives/edgar/data/1665650/000121390024079546/ea0214930-01_424b2.htm
Followers
|
1767
|
Posters
|
|
Posts (Today)
|
18
|
Posts (Total)
|
734398
|
Created
|
11/07/07
|
Type
|
Free
|
Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 |
Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |