Posted by Keyman188 > 2021-04-07 22:13 | Report Abuse

JPMorgan’s Dimon Says ‘This Boom Could Easily Run Into 2023’By 

(April 7, 2021, 6:10 PM GMT+8Updated on April 7, 2021, 9:39 PM GMT+8)


Jamie Dimon said he’s optimistic the pandemic will end with a U.S. economic rebound that could last at least two years.

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,” the JPMorgan Chase & Co. chief executive officer said Wednesday in his annual letter to shareholders. “This boom could easily run into 2023.”

Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon, who said banks entered the crisis strong and able to help communities weather the storm. While lenders also benefited from U.S. stimulus, they built up buffers against future loan losses and performed well in stress tests, he said.

Dimon also pointed to U.S. consumers, who used stimulus checks to reduce debt to the lowest level in 40 years and stashed them in savings, giving them -- like corporations -- an “extraordinary” amount of spending power once lockdowns end. The latest round of quantitative easing measures will have created more than $3 trillion in deposits at U.S. banks, a portion of which can be lent out, he said.

It could all add up to a Goldilocks moment, according to Dimon, where growth is fast and sustained while inflation ticks up gently. Threats to that outcome include virus variants and a rapid or sustained jump in inflation that prompts rates to rise sooner.

At 65, Dimon is the most prominent executive in global banking, serving as a spokesman for the industry while leading a titan of both Wall Street and consumer lending. He’s run the company since the end of 2005, and is the only CEO still at the helm after steering a major bank through the financial crisis.

The 65-page letter (plus a page of footnotes) is Dimon’s longest yet, following last year’s abbreviated one that came less than a week after he returned to work from emergency heart surgery. As always, it is wide-ranging, touching on topics from financial regulation to China to inequality and institutional racism.


## https://www.bloomberg.com/news/articles/2021-04-07/dimon-says-fintech-and-big-tech-are-here-as-banks-lose-ground?srnd=premium-asia

Posted by Keyman188 > 2021-04-07 22:14 | Report Abuse

Global market is booming soon...

Posted by masterus > 2021-04-08 07:11 | Report Abuse

The latest batch of $1,400 stimulus checks are sent. Social Security beneficiaries received most of the money
PUBLISHED WED, APR 7 202110:19 AM EDTUPDATED WED, APR 7 20213:21 PM EDT
Lorie Konish
@LORIEKONISH

Posted by masterus > 2021-04-08 07:14 | Report Abuse

Print unlimited almighty dollar. Dollar to the rescue.

Posted by masterus > 2021-04-08 07:20 | Report Abuse

Is the Fed hiding something? Why weekly money supply data just got discontinued - Steve Hanke

(Kitco News) - The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly.

Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude from the world's largest central bank on the importance of looking at money supply.

"Chairman Powell has very explicitly claimed that money doesn't matter in recent testimony. He's basically said that money and the measurement of money doesn't really matter because it's unrelated to inflation," Hanke said.

These money supply series have been published since the 1970s, and the fact that the Fed has changed the publishing frequency on M1 and M2 money supply from weekly to monthly demonstrates a change in worldviews, Hanke said.

Posted by tollebunsmith > 2021-04-08 11:36 | Report Abuse

MAKE SURE the price is low with volume so that DRIP price is lowered... then after the announcement the price can go anywhere ... who cares

Posted by tollebunsmith > 2021-04-08 11:37 | Report Abuse

most of retailers are not sellers only these bugging fund managers are selling and buying among themselves anyway

Posted by AllYouCanBuy > 2021-04-08 11:45 | Report Abuse

Malaysian banks' pace of recovery to be faster than regional peers, says Moody’s - The Edge Markets http://www.theedgemarkets.com/article/malaysian-banks-pace-recovery-be-faster-regional-peers-says-moodys#.YG57zFfmHAQ.whatsapp

Posted by tollebunsmith > 2021-04-08 12:27 | Report Abuse

I have one question ( wonder any genius can answer):
Yesterday closing price of 8.48 with 2 mil shares done... u & me could not forseen this sudden rise... so who SOLD these shares at that price... something very doggy here....

Buyers is not the proble, the SELLERS are the problem,... why SC not looking into it? is it naseeb cronies... " hei i see u expensive as kickback"?

Any answer?

Posted by Junichiro > 2021-04-08 15:05 | Report Abuse

Whatever Fed says, it is already a foregone conclusion. It is QE infinity in US. Normalisation of interest rates is not possible even before covid.

Posted by adam1314 > 2021-04-08 16:22 | Report Abuse

Let our Malaysia Team playing......just hold & watching show..

Posted by tollebunsmith > 2021-04-08 16:23 | Report Abuse

the price is 8.30 with 6.3 mils now.. see what happensat 4.50

Posted by tollebunsmith > 2021-04-08 16:24 | Report Abuse

insider trading and market manipulation by gov affiliated entity?

Posted by tollebunsmith > 2021-04-08 16:35 | Report Abuse

if remains around this price , then NO MANIPULATION

Posted by adam1314 > 2021-04-08 16:49 | Report Abuse

we don't know what is their objective.... to achieve....just hold & wait..

Posted by masterus > 2021-04-08 22:45 | Report Abuse

If the Army is Disbanded Will Myanmar Become Like Libya or Iraq?

Posted by Zeroinvestor > 2021-04-09 06:54 | Report Abuse

8.28 - 8.43

Posted by tollebunsmith > 2021-04-09 07:20 | Report Abuse

very happy with the big price drop... hope maintain this price for a few more sessions.. so drip price will be best for retail investors.. eventually they will bring the price up to profit.

Then u want to hold or sell or change counters or buy more,, as you like, do whatever u fell like laa,

Posted by meistsk3134 > 2021-04-09 14:59 | Report Abuse

no more maybank 9 sad

Posted by kfliau > 2021-04-09 15:26 | Report Abuse

Can anyone explain why ASB keeps disposing everyday knowing jolly well attractive dividend Is in the horizon? If they want to depress the price for lower DRP, they stand to lose out a lot on their dividend entitlement

Posted by prudentinvestor > 2021-04-09 16:13 | Report Abuse

If Maybank's share price is maintained at 8.59/8.60, ASB would have to pay 30 sen extra for their drp shares. I don't think their dividend entitlement is affected.

Posted by tollebunsmith > 2021-04-09 16:32 | Report Abuse

azzholes..... pls keep the price at this point until closing... DO NOT INFLATE PRICE AS THIS MEANS SYNDICATE PRICE MANIPULATION AND REPORT TO BURSA

Posted by tollebunsmith > 2021-04-09 16:34 | Report Abuse

maintain until 15th of April... then u can do anything u like with this share

Posted by tollebunsmith > 2021-04-09 16:36 | Report Abuse

Just for info: u get 0.385 dividend a sgare no matter what the price is at..... so lower price wont hurt anyone... and u can sell off after the AGM if the price flies up or drops down

Posted by tollebunsmith > 2021-04-09 16:39 | Report Abuse

the WAP price is 8.29... and must stay around this price on closing... or else!!

Posted by kfliau > 2021-04-09 16:48 | Report Abuse

Once the ticket Is sold, of course the sold ticket Will nit be entitled to dividend, there's no DRP time talk about

Posted by tollebunsmith > 2021-04-09 16:56 | Report Abuse

Thanks..... hopefully go to bursa homepage and read up on DRP price determination, entittlements and everything about shares before u buy and sell or consult ur broker / dealer for advice and not listen to anyone else and this talk here is to share viewpoints and NOT professional advice, Pls take note.

Posted by Zackmeiser > 2021-04-10 03:05 | Report Abuse

when is dividend ex date?

Posted by vanbasten9 > 2021-04-10 14:09 |

Post removed.Why?

Posted by tollebunsmith > 2021-04-11 08:36 | Report Abuse

yes.. people are selling ucrest tobuy TG.. sell UCREST and get on the TG train... before u become a millionaire and u loos ur undewear if u keep ucrest!!
SELL UCREST
SELL UCREST
SELL UCREST BUYMAYBANKSELL UCREST BUYMAYBANKSELL UCREST BUYMAYBANK
SELL UCREST BUYMAYBANK

Posted by tollebunsmith > 2021-04-11 08:38 | Report Abuse

SELL KEYASCIS BUY PBB

SELL KEYASCIS BUY PBB

SELL KEYASCIS BUY PBB

SELL KEYASCIS BUY PBB...
hehehehe BUY MAYBANK
BUY MAYBANK
BUY MAYBANK

Posted by kfliau > 2021-04-11 09:58 | Report Abuse

I still can't find a good reason why ASB Is selling everyday. Can anyone here enlighten?

Posted by tollebunsmith > 2021-04-12 10:39 | Report Abuse

It is foreseen that the MBB will not let it ex dividend price to go below 8.00 and they would not like to see the figure "7".
Even in the worst case scenario it goes below to 7.9x they will bring it up almost immediatly.

WIth the 5yr plan.. rest assured that capital (price) appriaciation wull certainly happen within a 60 day window,

(disclamier: not a buy or sell call)

Posted by tollebunsmith > 2021-04-12 10:39 | Report Abuse

PLs mark the above for future reference, R=Thank you.

Posted by tollebunsmith > 2021-04-12 10:42 | Report Abuse

DRIP announcement just round the corner.. wait for it.... comming ... comming///// very soon

Posted by kfliau > 2021-04-12 11:52 | Report Abuse

Wow! Suddenly so many buy calls

Posted by zhen wei & JP > 2021-04-12 11:53 | Report Abuse

Buy

Posted by tollebunsmith > 2021-04-12 12:04 | Report Abuse

Current price : 8.33
Calls on 12 Apr by
Public Bank: 9.30
Kenanga : 10.60
Hlg : 9.20
Aminvest : 10.10
Public Bank : 8.80 (on 9th Apr)

Lets see who the liars or rotten analyst are from where!! Next round flock them to hell by calling up the brokerages!! we will get to revenge them. ( nbext time I will post their name and phone numbers)

Posted by tollebunsmith > 2021-04-12 12:06 | Report Abuse

We will give them a window of 2 months. Agreed?

Posted by kfliau > 2021-04-12 12:08 | Report Abuse

Usually the time frame Is 1 year to achieve the said target

Posted by tollebunsmith > 2021-04-12 12:22 | Report Abuse

NOTICE IS HEREBY GIVEN THAT the 61st Annual General Meeting (“AGM”) of Malayan Banking Berhad (“Maybank”/“the Company”) will be held at, and broadcasted live from Menara Maybank, 100 Jalan Tun Perak,
50050 Kuala Lumpur, Malaysia (“Broadcast Venue”) on Thursday, 15 April 2021 at 10.00 a.m. to transact the following businesses:

Posted by tollebunsmith > 2021-04-12 12:26 | Report Abuse

kfliau: too long boring wait... here is the deal.... we check on 30 Jun... if the price is in the direction of their target... we declare them winners.... else we flock them. Deal? we all know if qtr results in the future will be more better than during this covid time..... so Jun 30....as long as above this price after the div adjuctment... it is ok with me.

Posted by tollebunsmith > 2021-04-12 12:28 | Report Abuse

(ii) Ordinary Resolution 1 – Payment of Final Single-Tier Dividend
The proposed final single-tier dividend as per Ordinary Resolution 1 consists of a cash portion of 17.5 sen per ordinary
share and an electable portion of 21 sen per ordinary share. The electable portion can be elected to be reinvested
into new Maybank Shares in accordance with the Dividend Reinvestment Plan as disclosed in Note 34 of the Audited
Financial Statements for the financial year ended 31 December 2020.
Pursuant to Section 8.26 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the final singletier dividend, if approved, shall be paid not later than three (3) months from the date of the shareholders’ approval.
The Book Closure Date will be announced by the Company after this AGM.

Posted by kfliau > 2021-04-12 12:38 | Report Abuse

The Actual dividend payment date can be stretched to 3 months after approval. Sooooo long wait.
Tollenbunsmith, I will only consider dumping after the DRP

Posted by kfliau > 2021-04-12 12:41 | Report Abuse

After the dividend adjustment If can attain this price, it's a good indication, the thing is how long after The adjustment?

Posted by stkoay > 2021-04-12 15:06 | Report Abuse

DRP price will probably be fixed after AGM on 15-4-21.....price will remain low....no need to chase high.

Posted by kfliau > 2021-04-12 15:32 | Report Abuse

The whole trouble is with ASB selling everday, most likely to cater withdrawal need

Posted by tollebunsmith > 2021-04-12 16:44 | Report Abuse

warning to fund managers,,, DO NOT INFLATE PRICE LAST MINUTE!!!

Posted by kfliau > 2021-04-12 17:12 | Report Abuse

Wah Tollebunsmith, you really garang la, warn the fund managers!

Posted by loneranger3211 > 2021-04-12 17:55 | Report Abuse

Possible below RM7.80? After dividend ex-date, based on current level 8.32-0.38 then it is below RM8.00??