These are the numbers taken from Yahoo!Financial:
Corporation:Cash On Hand (Operating Cash Flow Annual)
Barclays: $1.240 trillion (yes, trillion):$136 billion
Goldman Sachs: $780 billion: $38 billion
Citi: $770 billion: -$12 billion
JP Morgan: $750 billion: $90 billion
Bank of America: $650 billion: $100 billion
Wells Fargo: $115 billion: $21 billion
GE: $70 billion: $31 billion
Apple: $23 billion: $13 billion
Microsoft: $37 billion: $22 billion
XOM: $13 billion: $32 billion
Wal-Mart: $8 billion: $23 billion
US Bancorp: $8 billion: $8 billion
T (ATT): $3 billion: $34 billion
How much cash do the regulators want Barclays, Bank of America, Citi, JP Morgan, Wells Fargo, Goldman Sachs, JP Morgan, and others to sit on?
I remember enjoying Uncle Scrooge, the comic book growing up. Not much has changed.
*****
UPDATES
July 31, 2010: Some analysts agree -- it's time for the regulators to lighten up:
A marketing strategist says the tighter regulatory climate has resulted in banks’ increasing their reserves and subsequently reluctant to lend money. He argues the regulators need to loosen their grip slightly. “It’s a classic case of overreaction,” says the spokesman.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.