Analysts? Never heard of ‘em

[The beef 675] [I'm an image] "David Solomon can't pick a favorite division. But he can tell you it definitely isn't Marcus." - Jeff Hey there carnivores, Markets were down on Wednesday as banks dropped their earnings. Today we’re talking about exactly what those banks did. Keep raging, Jeff & Jason [Image] [I'm an image] Make you my 1MDB*tch DJ D-Sol went full Derrick Henry on analysts, absolutely truck sticking their anemic “estimates.” Mr. Sol and Goldman [dropped earnings]( on Wednesday morning, and let’s just say Dorsia was lit last night. Earnings per share of $9.68 made Wall Street’s estimates of $5.57 their b*tch. The boys and girls over at 200 West grew revenue to $10.78B vs. an expected $9.46B. These are Bernie Madoff numbers, you guys. "So how’d they do it?" - you… and Wells Fargo, probably Well, as far as we can tell they didn’t take advantage of a developing country (sorry, Malaysia). But the company did take a page straight out of Citi and JPMorgan’s “Idiots Guide To Running a Bulge Bracket.” Read: it was trading revenue. The cumulative trading division went beast mode, hauling in $4.55B. That’s good for a 29% increase from 2019. You know, the year that traders could actually work in the office. Bond trading accounted for $2.5B, roughly $1B more than expected. Any other division lead score an invitation to D-Sol's residency in Ibiza next summer? Why yes. Asset management leadership will be getting the models and bottles treatment. The division [produced]( $2.7B in revenue, a 71% jump from last year and almost three commas more than estimated. Today was a good day Yesterday, despite profit beats, shares of Citi and JPM stumbled on fears that “maybe this virus thing is a big deal after all.” Apparently Goldman is immune to those fears (and the virus) because shares rose 2.2% in premarket trading and notched a two-tenths of a percent gain on the day. Goldman has weathered the storm much better than its peers. It fell nearly 8% during the 'rona times compared to a 31% fall off for the KBW Bank Index. Of course, that Index includes Wells Fargo.When reached for comment, KBW had this to say: “we don’t like it any more than you do.” The bottom line... Speaking of Wells, the firm that taught Danske Bank everything it knows also reported earnings. The good news? It was [profitable]( this quarter… something it couldn’t say during Q2. The bad news? It missed profit estimates (42 vs. 45 cents per share), citing “low interest rates”... which are going to last until the next time Halley’s Comet comes around if Jay Powell has anything to say about it. Shares got killed… obviously. Unfortunately for Bank of America it had a lot more in common with Wells than Goldman when it reported. The bank [barely beat earnings]( estimates and missed on revenue. It shouldn’t come as a shock that low interest rates have eviscerated Bank of America’s hopes and dreams. Its stock also fell. [I'm an image] You’re Two Day Trading Week Is Here [Alternate text]( [Watch Now]( [Alternate text] ☑️Guess who’s back? Like the Phoenix rising from the ashes (if the ashes were a pile of SoftBank investors burnt money), Adam Neumann has emerged with a new real estate startup. The former WeWork founder [invested $30M]( in Alfred Club Inc (yes, like Batman’s butler) as part of a $42M funding round that Neumann’s family investment office is leading. Alfred looks to provide concierge staff to apartment buildings who can perform tasks such as dog walking, rent processing, and maintenance requests. The company currently operates in 100k apartments and has raised at least $100M in funding. Neumann is used to a few more commas, but it's a good start. If the Alfred idea sounds familiar, it’s because WeWork started a similar venture called WeLive... before Masa Son realized "WeF*ckedUp." ☑️You’ve arrived. The latest electric vehicle maker to get a big round of funding has... arrived. UK based Arrival [raised $118M]( from funds managed by BlackRock. The deal values Arrival at roughly $3.5B. *Double checks to make sure that said a unicorn came out of the UK* BlackRock will join Hyundai and Kia as investors after the two already pumped 100M euro into Arrival back in January. And there’s a fourth investor...the USPS. That’s right, the US Postal Service isn’t just out there hawking snail mail. Its stake was not disclosed . Arrival’s future appears to be a little more certain than some other electric vehicles *cough* Nikola *cough*. The company has orders to deliver 10k vans to UPS in the US and Europe through 2024. ☑️Feel the burn. Believe it or not, United Airlines [posted a pretty large third quarter loss]( on Wednesday. The company’s earnings per share clocked in at a whopping $8.16 per share, compared to the estimated loss of $7.53 per share. That counts as an earnings beat, right? What’s even more impressive: United Airlines outdid itself by losing $1.8B in Q3. Last year over the same quarter, the company earned $1B profit. Revenue for Q3 dropped 78% from the $11.38B it earned last year. Crash, meet burn. ☑️Black Friday^3. Walmart [is flipping the Black Friday game on its head](. And not because it’s giving its greeters cattle prods to take down some of the more enthusiastic deal seekers. As the pandemic rages on, Walmart will be putting precautions in place to protect customers and employees. For starters, stores will open at 5AM. OK, so normal Black Friday? Not quite. Customers will need to line up single file, occupancy will be limited, and shopping carts will be sanitized. The real Black Friday innovation comes as Walmart will be breaking up its Black Friday into three separate events to encourage smaller crowds. Each event will start online, followed by in store events a few days later. Those events will be staggered throughout the month of November. If you think this means some of these psychos won’t get up at 5AM for $10 off a TV three times next month, you’re out of your g*ddamn gourd. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. If you no longer wish to receive our emails, click the link below: [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails](