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Did Citi Get A Very Special High-Five For Its Second Quarter Performance Last Night?

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And do think the Prez got in a little dig about how the "profit" was a charitable contribution from John Mack and the good people at Morgan Stanley?

U.S. President Barack Obama visited Citigroup headquarters in New York Thursday, Fox Business Network reported. The presidential limousine was at 399 Park Ave. around 6 p.m. EDT, and the building was on security lockdown, although Fox had no information about what Obama did during his visit.


Analysts Attempt To Call The JPMorgan (Second Quarter) Close

Despite Jamie Dimon's promise that JPMorgan will be "solidly profitable" for the quarter, some are skeptical given the growing estimates of Whale-boy's losses. According Mike Mayo, the bank "will only make $727 million...including $4 billion of losses in the unit that made the bungled bet [though] if the losses exceed $5 billion, JPMorgan could make an overall loss." Barclays' Jason Goldberg thinks things are gonna be okay here, and sees the bank making $3.3 billion, assuming you know who will have only lost it $3 billion when all is said and done. And yourselves? Start considering your predictions now, as come July 13, there will be a visit from the Sandwich Fairy and a coveted bath toy for whoever comes closest without going over. Will The Whale Swallow JPMorgan's Second-Quarter Earnings [Dealbook]