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Deutsche Bank Eliminates Management Bonuses After "Horrible," "Grim" Results

Deutsche Bank Eliminates Management Bonuses After "Horrible," "Grim" Results

“These are extremely poor results,” Citi’s Andrew Coombs wrote last week after Deutsche Bank CEO John Cryan announced a “sobering” set of numbers for 2015.

By “sobering,” Cryan meant a net loss of more than $7 billion. It was the first annual loss since the crisis and was capped off by a Q4 loss of €2.1 billion which included €1.2 billion in litigation fees.

For Amazon, The Only Chart That Matters

For Amazon, The Only Chart That Matters

For all the traders and hedge fund managers who are under 30, Amazon has been here before, and not just once: a place where the company's growth prospects - perceived as virtually boundless - were put into question, leading to a collapse in the soaring stock price.

Indicatively, putting the company's "valuation" in context, AMZN is now trading at a PE of roughly 460x, which compares to 87x during the last peak in the summer of 2008.

Red Ponzi Ticking

Red Ponzi Ticking

Submitted by David Stockman via Contra Corner blog,

There is something rotten in the state of Denmark. And we are not talking just about the hapless socialist utopia on the Jutland Peninsula——even if it does strip assets from homeless refugees, charge savers 75 basis points for the deposit privilege and allocate nearly 60% of its GDP to the Welfare State and its untoward ministrations.

Amazon Tumbles 11% After Missing Q4 Revenue, Earnings As Concerns Emerge About Future Profitability

Amazon Tumbles 11% After Missing Q4 Revenue, Earnings As Concerns Emerge About Future Profitability

For years, shorts would tear their hair out quarter after quarter, when AMZN would continue to bleed cash with relentless abandon, only to see the stock soar after earnings. Now, in what may be a perfect poetic symmetry, following the quarter in which Amazon's free cash flow soared to the highest in years, printing at $7.3 billion, or more than triple the year ago period...

 

... on margins that are becoming respectable on both a quarterly...

 

... and LTM basis...

 

... The stock is crashing by 12% at this moment:

 

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