Peter King: Obama Should ‘stop Apologizing’ For Nsa

WILSON/AFP/Getty Images) 2003 President George W. Bush persuades Congress to add prescription drug coverage to Medicare in a major expansion of the program for older people. (STEPHEN JAFFE/AFP/Getty Images) 2008 Hillary Rodham Clinton promotes a sweeping health care plan in her bid for the Democratic presidential nomination. She loses to Obama, who has a less comprehensive plan. (PAUL RICHARDS/AFP/Getty Images) 2009 President Barack Obama and the Democratic-controlled Congress spend an intense year ironing out legislation to require most companies to cover their workers; mandate that everyone have coverage or pay a fine; require insurance companies to accept all comers, regardless of any pre-existing conditions; and assist people who can’t afford insurance.
Source: http://www.huffingtonpost.com/2013/10/26/obama-health-care_n_4165939.html

Obama, Pakistan’s Nawaz Sharif meet at White House

Joe Manchin (D-W.Va.) renewed his call for a one-year delay on the law’s individual mandate, which requires most Americans to obtain insurance, in an appearance on ABC’s “This Week.” “Nobody should be forced to buy a policy that costs more than what they had and is inferior to what they had,” Manchin said. “Those things have to be worked out.” Manchin announced on Wednesday that he was joining a Republican effort to delay the mandate. He has suggested that the penalty for not having health insurance should not go into effect until January 2015. “The new markets that are opening up basically is going to be good, but it has to be affordable. You have to work through this,” Manchin said.
Source: http://www.huffingtonpost.com/2013/10/27/democrats-health-care_n_4167840.html

Issa: Obama Needs to Fire Officials Over Obamacare Failure

The account could mean difficulties for the White House, given another report claiming Obama told Merkel during a telephone conversation last Wednesday he was not aware of the NSAs spying. The Economic Times cited Frankfuter Allgemeine Zeitung in writing that when Merkel called Obama last week to alternately complain — and get an explanation — about the NSA surveillance, the president assured her he wasnt aware of the campaign regarding her, and would have halted it, had he known. According to The New York Times, Susan E. Rice, the presidents national security adviser, insisted that Obama did not know about the monitoring of Merkels phone, during a call last week with Christoph Heusgen, Rices German counterpart. The unnamed NSA official’s allegations delve deeper into a Saturday report, published by the German magazine Der Spiegel, claiming the U.S. spy agency has monitored Merkels phone since 2002, or even before she rose to her countrys chief executive position and was only an opposition leader.
Source: http://www.foxnews.com/politics/2013/10/27/obama-knew-nsa-spying-on-merkel-and-approved-it-report-says-944692234/

Democrats Call On Obama Administration To Delay Health Care Deadlines As Problems Persist

The fact is, they’ve carried out spying operations against the United States — both the government and industry,” King said. “As far as Germany, that’s where the Hamburg Plot began, which led to 9/11. They’ve had dealings with Iran and Iraq, North Korea — the French and the Germans, other European countries.” Aaron Blake covers national politics at the Washington Post, where he writes regularly for the papers Post Politics and The Fix blogs. A Minnesota native and graduate of the University of Minnesota, Aaron has also written for the Minneapolis Star-Tribune and The Hill newspaper. He joined the Post in 2010.
Source: http://www.washingtonpost.com/blogs/post-politics/wp/2013/10/27/peter-king-obama-should-stop-apologizing-for-nsa/

But the administration has been noncommittal about such a role, which India would probably oppose. Obama also urged Pakistan to take measures to strengthen control over its expanding nuclear stockpile, saying he was confident that Pakistan was committed to the cause of nuclear safety. The two countries’ relationship hit a low point in 2011 after the U.S. raid in Pakistan to kill Osama bin Laden and the killing of two Pakistanis by a U.S. government contractor. Obama acknowledged that tension is likely to continue.
Source: http://www.latimes.com/world/la-fg-us-pakistan-20131024,0,345868.story

1. Issa wants to know why she didn’t know. Sebelius declined to testify last Thursday, citing a scheduling conflict, but is set to testify Wednesday before the House Energy and Commerce Committee. Using an iceberg analogy, Issa said his committee is looking for “quick answers” to straighten out as much of the “above the water” issues, such as the website glitches. He also wants to address the 90 percent of the problems below the water.
Source: http://www.newsmax.com/Newsfront/Issa-fire-obamacare-failure/2013/10/27/id/533280

Obama develops more modest Middle East agenda

“We can’t just be consumed 24/7 by one region, important as it is,” said National Security Adviser Susan Rice in an interview with The New York Times. Rice, go to website who is heading up a Middle East policy review at Obama’s direction, said: “He thought it was a good time to step back and reassess, in a very critical and kind of no-holds-barred way, how we conceive the region.” That could mean less emphasis on Egypt, which remains under military rule, as well as nations like Libya, Tunisia and Yemen. Former Vice President Dick Cheney, speaking on ABC’s This Week, said he is concerned that the Obama administration will “pivot to Asia,” and short-change the Middle East at a critical time. “I know that our friends in the region are worried,” said the Republican vice president to President George W. Bush.
Source: http://www.usatoday.com/story/theoval/2013/10/27/obama-susan-rice-middle-east-new-york-times-interview/3280451/


Nasdaq Third-quarter Profit Rises 27% On Technology Sales

Debt obligations of Nasdaq stood at $2.67 billion, up from $1.84 billion at 2012-end. However, Nasdaq paid $98 million of debt in the reported quarter. Total assets of Nasdaq increased to $12.5 billion from $9.13 billion at 2012-end, while total equity improved to $6.1 billion from $5.2 billion at 2012-end. Guidance Management narrowed core operating expense projection to $1.0751.090 billion from $1.070-1.100 billion guided earlier. Additionally, the company expects approximately $45 million of incremental expenses from new initiative spending (down from the earlier range of $50$60 million). Including these charges, total expenses are projected in the range of $1.120$1.135 billion, narrowed from the guidance of $1.121.16 billion provided earlier.
Source: http://finance.yahoo.com/news/nasdaq-q3-earnings-beat-higher-142506334.html

NASDAQ OMX Announces Quarterly Dividend of $0.13 Per Share

I couldn’t even try to quantify the embarrassment.” Picking an exchange is just one the behind-the-scenes steps companies take on the road to becoming publicly traded. Professional and retail investors may care little where stocks wind up being listed, but the decisions nonetheless can bring fortune and prestige to Wall Street’s giant exchanges during somewhat trying times for the industry. For Nasdaq, Twitter could help lift a lingering cloud from the Facebook debacle. “If Nasdaq wins Twitter, they’re going to get a shot at redemption,” said Patrick Healy, chief executive of Issuer Advisory Group, which consults with companies deciding where to list. “They both have a lot riding on this.
Source: http://www.latimes.com/business/la-fi-twitter-listing-20131015,0,67896.story

Nasdaq stocks posting largest volume increases

The shares fell $.26 or 2.0 percent to $13.09. Apollo Group : Approximately 21,776,000 shares changed hands, a 1,066.6 percent increase over its 65-day average volume. The shares rose $5.86 or 28.0 percent to $26.80. Citizens Holding Co. : Approximately 13,800 shares changed hands, a 1,492.7 percent increase over its 65-day average volume.
Source: http://www.businessweek.com/ap/2013-10-23/nasdaq-stocks-posting-largest-volume-increases

Cash equities made up just 9 percent of total revenue. Revenue at Nasdaq’s technology solutions segment, which includes the new IR, PR, and multimedia businesses, increased by $58 million from a year earlier to $131 million. Information Services revenue rose by $19 million to $118 million, with market data revenue rising by $16 million to $100 million. SCALE IMPORTANT FOR STOCKS Greifeld said he would still consider buying the European stock exchange unit of NYSE Euronext if it came on the market, following NYSE’s proposed sale to derivatives market and clearing house operator IntercontinentalExchange Inc. The processing power of Nasdaq’s European data center would be able to handle every European equity trade today without spending a nickel, so there would be a fundamental driver behind potentially combining with Euronext, Greifeld said on a conference call with analysts.
Source: http://www.reuters.com/article/2013/10/23/nasdaq-results-idUSL1N0ID0FW20131023

Nasdaq stocks posting largest percentage decreases

and a 25 percent stake in The Order Machine, a Dutch alternative trading system focused on options. Nasdaq also has a program called GIFT http://www.todayhotstocks.com/ to fund projects such as a new derivatives market in London . Our acquisitions of eSpeed and the IR, PR and Multimedia businesses of Thomson Reuters are ahead of plan and are accretive to earnings, Greifeld said in the statement. Although we have more to do to ensure they realize their full potential, our confidence has never been stronger. Todays earnings release is the first since Nasdaq halted trading for thousands of U.S.
Source: http://www.bloomberg.com/news/2013-10-23/nasdaq-third-quarter-profit-rises-27-on-technology-sales.html

NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S.
Source: http://www.marketwatch.com/story/nasdaq-omx-announces-quarterly-dividend-of-013-per-share-2013-10-23

fell 23.8 percent to $10.86. Internet Gold-Golden Lines Ltd. fell 17.7 percent to $11.83. Cree Inc. fell 16.9 percent to $61.77.
Source: http://money.msn.com/business-news/article.aspx?feed=AP&date=20131023&id=17030359


Believe It: A Puerto Rico Muni Etf May Debut

A report from Standard & Poors on Thursday, suggesting that fourth quarter GDP would expand 0.6 percent less than previously anticipated as result of the government shutdown, raised expectations that the Federal Reserve would delay the taper of its bond purchases. Those expectations were confirmed by Thursday afternoons report from The Wall Street Journals Jon Hilsenrath entitled, Fed Unlikely to Trim Bond Buying in October. The likelihood that quantitative easing would continue at full strength for the foreseeable future weakened the dollar against the euro. On Thursday and Friday the euro came close to hitting its 2013 high of $1.3710, which was reached on February 1. The 17-nation currency reached a high of $1.3682 on Thursday and climbed as high as $1.3699 on Friday. After, the FOMCs September 18 decision against the Septaper, FXE broke through the overhead resistance FXE had been experiencing at $133. This ETF has been trading above that level for twenty-four consecutive days. Fridays 0.01 percent advance to $135.37, allowed FXE to finish the week with a 0.96 percent advance, remaining 1.96 percent above its 50-day moving average of $132.76. FXEs big gains on Thursday and Friday broke the head and shoulders pattern which had formed on the FXE chart. Usually, a rise above the neckline breaks the pattern. On Thursday, we saw FXE rise well above the top of the head, where it remained on Friday. The Relative Strength Index for FXE rose to 66.69 from last Fridays close at 58.31. The MACD just crossed above the signal line, suggesting that FXE should continue to advance during the immediate future.
Source: http://wallstreetsectorselector.com/2013/10/euro-gets-big-boost-weekly-currency-etf-report/

If you wish to view more, click the button below. The Financial Times Ltd 2013 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Printed from: http://www.ft.com/cms/s/0/4596994a-31ca-11e3-817c-00144feab7de.html Print a single copy of this article for personal use. Contact us if you wish to print more to distribute to others.
Source: http://www.ft.com/cms/s/0/4596994a-31ca-11e3-817c-00144feab7de.html

20, 2013, 9:00 AM 0 Email ETF Database is an online guide to ETF Investing Recent Posts Closing Defensive Position In ETF go here now Insider Portfolio Here is a look at ETFs that currently offer attractive income opportunities. The high-yield candidates included in this list meet two sets of criteria. First, each of these funds is deemed to be a high yield prospect because it boasts an annual dividend yield upwards of 5%. Second, each of these ETFs also boasts over $10 million in total assets under management to help steer investors away from less established funds.AAs always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Insider recommendations, sign up for aA free 14-day trial of ETFdb Pro .
Source: http://www.businessinsider.com/etf-insider-high-yield-prospects-october-20th-edition-2013-10

ETFs Churning Most Cash Ever as $47 Billion Flows Back to Market

Puerto Rico munis have risen to infamy this year as the S&P Municipal Bond Puerto Rico Index is flirting with a year-to-date loss of 20% compared to a decline of around 1% for the S&P Municipal Bond Index. Puerto Rico, a territory of the U.S., has $70 billion in munis outstanding and those bonds have the lowest possible investment grade rating. [ BlackRock Cautious on Muni Bond ETFs ] The commonwealths bonds have rallied since officials gave a webcast briefing for investors on Oct. 15 in which they said the territory has sufficient funding to avoid borrowing before June 30, according to Bloomberg. The Market Vectors ETF, assuming it comes to market, would track the Barclays Plcs Custom Puerto Rico Municipal Composite Index. In addition to Puerto Rico, American Samoa, Guam, the Northern Mariana Islands and the Virgin Islands could be represented in the ETF, though the bulk of the funds assets would be allocated to Puerto Rico, Bloomberg reported.
Source: http://finance.yahoo.com/news/believe-puerto-rico-muni-etf-110009694.html

Fitch Ratings put the government of the worlds biggest economy on watch for a possible credit downgrade. After this drama with this past shutdown is over, people will have to focus on fundamentals, and thats earnings, holiday sales and the impact of the debt negotiations on the economy, Matt McCormick, who helps oversee $10.1 billion as a portfolio manager at Cincinnati, Ohio-based Bahl & Gaynor Inc., said by phone Oct. 16. All of that is going to be less than stellar. Profit Growth While profit growth has slowed, the S&P 500s valuation is in line with the historical average. The S&P 500 trades at 16.8 times earnings, compared with the 10-year average of 16.3, data compiled by Bloomberg show. After this year, companies will resume their profit expansion, with S&P 500 earnings forecast to increase more than 10 percent in 2014 and in 2015, according to analyst estimates.
Source: http://www.bloomberg.com/news/2013-10-21/etfs-churning-most-cash-ever-as-47-billion-flows-back-to-market.html


Student Loans: What To Consider Before Consolidating

Starting next year, the Department of Education will sanction schools based on the three-year national cohort default rate, and if the two-year rate is any indication, the 2011 rate is likely to surpass 2010s 14.7%. More Borrowers Cant Pay The rate is based on the number of borrowers who default, not individual loans. A borrower is included in the calculation if he or she has federal Stafford loans or direct Stafford/Ford loans (subsidized or unsubsidized). Other types of student loans whether current or in default, are not factored into the calculation. While only 13% of students attend for-profit colleges, 46% of borrowers who defaulted from 2010 to 2012 were enrolled at such institutions. Of 1.27 billion borrowers from such colleges who began repaying their loans in fiscal 2010, 21.8% defaulted within three years.
Source: http://finance.yahoo.com/news/student-loan-default-rate-rises-190034141.html

They also need to know what type of loans they have. The National Student Loan Data System gives students a rundown of each federal loan by type and date my company disbursed. Most borrowers have a mix of subsidized and unsubsidized Stafford loans. Interest rates on these varied over the years, so check with your loan servicer the one who sends the statements each month to find out the rate on each loan and whether it is fixed. The interest rate on a consolidation loan is based on the average rate of all loans being consolidated. If borrowers combine low interest rate loans with those that have a higher rate, they could wind up paying more interest over time, says Deanne Loonin, director of the Student Loan Borrower Assistance program at the National Consumer Law Center.
Source: http://www.usnews.com/education/best-colleges/paying-for-college/articles/2013/10/02/student-loans-what-to-consider-before-consolidating

9 common myths about your student loan

“We’re working with the Senate, with members of both parties. We’re working with leaders in the House as well on this issue to get this done,” said White House spokesman Jay Carney. The deal comes less than two weeks after a July 1 deadline, when interest rates on subsidized student loans doubled for 7 million students heading into the next school year. The deal will affect both subsidized and unsubsidized Stafford loans. Undergraduate students will pay an interest rate of about 1.8% plus the yield on the 10-year Treasury note.
Source: http://money.cnn.com/2013/07/11/pf/college/student-loans/index.html

Student loan debit cards draw complaints, lawsuits [The Orange County Register]

On days when financial aid money is released, he said, the line for the machine can be 50 or 60 students long. Gregory Peterson, the college’s vice-president of student support services, agreed that the line could be lengthy. He said the ATM had to be locked during certain hours because it was a free-standing kiosk, not bolted to the wall, that could be easily damaged without proper security. He said the school hired the company to supply debit cards because officials found that many students did not have bank accounts. Those students waited for their checks to be mailed, he said, and then paid high fees at check-cashing stores. This is not the first time that financial companies have been criticized for targeting college students for new business.
Source: http://www.tmcnet.com/usubmit/-student-loan-debit-cards-draw-complaints-lawsuits-orange-/2013/10/07/7462528.htm

Tentative student loan deal hits snag

While that’s bad for students, it’s still worth keeping in mind that you wouldn’t be able to borrow money at this relatively low rate from any bank. Myth 6: “You have to pay your tuition fees to your university yourself” Your student loan is split up into two different sections: the tuition fee loan covers your university fees and your maintenance loan helps to cover your day to day living costs. Fortunately, you don’t need to worry about receiving the tuition fee loan into your bank account and then paying the university yourself as it gets paid direct. The money that you will personally receive at the start of each term is your maintenance loan, which is usually a time for mass celebration. Myth 7: “Moving abroad will mean that I don’t have to pay back my loan” This is one of those rumours that seems to spread amongst freshers like wildfire.
Source: http://www.independent.co.uk/student/student-life/9-common-myths-about-your-student-loan-8794151.html


Stocks Rise On Hope That Dc Will End Its Bickering

“It’s one of those stories that I’m perfectly happy to sit on the sidelines and observe. I would say there are better opportunities in the developed markets.” Bulls acknowledge the challenges but say the developing world has several factors going its way long-term. “Emerging markets have faster growth and the stocks are cheaper,” said Laura Geritz, manager of the Wasatch emerging-markets small cap fund. “Over the long run, you should have better returns in these markets.” Financial maturation has made developing nations much less vulnerable to the sort of crises that hobbled them in the 1980s and 1990s. And there’s little doubt they’ll continue to grow. A report last week by the McKinsey Global Institute, for example, projected that as many as 229 of the world’s 500 largest companies could be based in what stock to buy today emerging countries by 2025, up from 85 in 2010.
Source: http://www.latimes.com/business/la-fi-emerging-markets-invest-20131006,0,2639943.story?track=rss

Lockheed and Raytheon each fell nearly 6%. All of these firms have huge federal contracts — between $8 and $36 billion in 2012, according to the Government Accountability Office. Richard Whittington, an aerospace analyst for Drexel Hamilton, noted that companies with military contracts are really getting pinched. On Friday afternoon, Lockheed Martin announced that 3,000 employees would be furloughed starting Monday. The company advised workers to use vacation benefits during the furlough, so they keep getting paid.
Source: http://money.cnn.com/2013/10/04/investing/government-contractor-stocks/index.html

While remote, the possibility of the U.S. failing to pay its bills or creditors remains a deep concern to investors. “Credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse,” the Treasury Department said in a report Thursday. Investors went through a similar case of political brinkmanship in August 2011, which ultimately led to Standard & Poor’s downgrading the United States’ credit rating.
Source: http://abcnews.go.com/Business/wireStory/stocks-move-higher-investors-remain-cautious-20472336

The 6 Most Popular Dow Stocks

AT&T’s roughly 60% total return is close to the Dow’s overall return since late 2008. Tech still commands respect Of the remaining four spots among the top six, tech stocks take all but one. Cisco Systems (NASDAQ: CSCO ) and Microsoft (NASDAQ: MSFT ) both have daily share volumes in the 33 million to 34 million range, while Intel (NASDAQ: INTC ) is well back at 22.6 million. Microsoft finishes well ahead of its two rivals in terms of dollar volume, as both Cisco and Intel have significantly lower share prices than Microsoft.
Source: http://www.fool.com/investing/general/2013/10/05/the-6-most-popular-dow-stocks.aspx

Most Read on Bloomberg: Shutdown, Goldman, Stocks, Schwarzman

30 (Bloomberg) — When I mentioned my bout with breast cancer to a new acquaintance, his first question was, Are you married? 5. Republicans Arent Crazy for Fighting Obamacare: Ramesh Ponnuru Sept. 30 (Bloomberg) — For many supporters of the Patient Protection and Affordable Care Act, continued resistance to the law isnt just mistaken. Its downright pathological. MULTIMEDIA 1. Draghi Says ECB Ready to Act to Control Money Markets Oct.
Source: http://www.bloomberg.com/news/2013-10-06/most-read-on-bloomberg-shutdown-goldman-stocks-schwarzman.html


Wall Street Banks Likely Stung Again By Bad Bond-trading Quarter

“From what I can see, it’s mainly weaker activity levels – activity levels are just very low,” etf trading signals strategy said Richard Ramsden, an analyst who covers banks for Goldman Sachs. There are already signs of poor third-quarter results. The investment bank Jefferies Group LLC said earlier this month that its fixed-income trading revenue plunged 88 percent in the three months ended August 31, to $33 million from $266 million a year earlier. Jefferies is not directly comparable to bigger Wall Street banks because of its size and because it reports on a fiscal calendar whose quarters are a month earlier, but the results were still surprisingly poor. Last week, Deutsche Bank AG (DBKGn.DE) co-CEO Anshu Jain said at a conference that he expected bond-trading revenue would “decline significantly” in the third quarter due to weak volumes. Bank executives from JPMorgan Chase & Co (JPM.N), Morgan Stanley and Barclays PLC (BARC.L) have also recently warned in public comments that they expected trading revenues to be soft.
Source: http://www.reuters.com/article/2013/09/30/us-wallstreet-profits-idUSBRE98T0C920130930?feedType=RSS

UPDATE 1-CBOE delays start of extended VIX trading until Oct. 21

“We are pleased to provide our European customers with the opportunity to trade VIX futures during local trading hours, but we also believe our entire global base of VIX users will benefit by extended trading hours,” CBOE Holdings Chief Executive Officer Edward Tilly said in a statement. CBOE in February opened a communications hub outside of London to facilitate VIX futures trading. CBOE had initially planned to start extending the trading day in May. However, it delayed the increase after a half-day outage at the Chicago Board Options Exchange in April exposed software problems. Exchanges, including CBOE, have since become more cautious about rolling out product offerings, changing market structure and adding trading hours because of a Nasdaq OMX Group outage last month, said Chris Allen, equity analyst for Evercore Partners. Following the three-hour Nasdaq disruption, U.S.
Source: http://www.reuters.com/article/2013/09/30/cboe-vix-increase-idUSL1N0HQ1TM20130930

Florida Man Admits Insider Trading for Passing Gilead Tip

The U.S. Securities and Exchange Commission sued Dowd in January after his arrest by the Federal Bureau of Investigation. The number of people sued by the SEC or charged with insider trading by the Justice Department has more than doubled since 2008, according to data compiled by Bloomberg. There were 56 in 2008, 96 in 2009, 67 in 2010, 104 in 2011 and 125 in 2012.
Source: http://www.bloomberg.com/news/2013-09-30/florida-man-admits-insider-trading-for-passing-gilead-tip.html

UPDATE 1-Wall St banks likely stung again by bad bond-trading quarter

The most important thing to realize is that markets go up and down and your job is to move in sync with the markets. Be like Water. Trading Strategies Adopted From NFL QB Peyton Manning & Coca Cola Heres the 1 year chart for Coca-Cola (NYSE:KO). Study the chart and tell me what Peyton Manning would do? Dont move until you see it Fundamentally, Coca-Cola (NYSE:KO) is a rock solid company with global brand name recognition.
Source: http://smallbusiness.yahoo.com/advisor/trading-strategies-adopted-nfl-qb-peyton-manning-coca-183329064.html

Trading Strategies Adopted From NFL QB Peyton Manning & Coca-Cola

31, to $33 million from $266 million a year earlier. Jefferies is not directly comparable to bigger Wall Street banks because of its size and because it reports on a fiscal calendar whose quarters are a month earlier, but the results were still surprisingly poor. Last week, Deutsche Bank AG co-CEO Anshu Jain said at a conference that he expected bond-trading revenue would “decline significantly” in the third quarter due to weak volumes. Bank executives from JPMorgan Chase & Co, Morgan Stanley and Barclays PLC have also recently warned in public comments that they expected trading revenues to be soft. JPMorgan, which is scheduled to post third-quarter results on Oct. 11, will be the first big Wall Street bank to report.
Source: http://in.reuters.com/article/2013/09/30/wallstreet-profits-idINL1N0HQ0L120130930