Opening Bell: 01.15.10

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JPMorgan Reports Fourth Quarter Net Income Of $3.3 Billion (JPM)
Jamie Dimon: "We are gratified that we generated earnings of $3.3 billion for the fourth quarter and nearly $12 billion for the year. Though these results showed improvement, we acknowledge that they fell short of both an adequate return on capital and the firm's earnings potential. We benefited from the diversity of our leading franchises, as demonstrated by the continued earnings strength of our Investment Bank, Commercial Banking, Asset Management and Retail Banking franchises. We are proud that, throughout these tumultuous times, we never stopped investing in the fundamental growth drivers of our consumer businesses."
US Banks Set For Record Pay (WSJ)
An analysis by The Wall Street Journal shows that executives, traders, investment bankers, money managers and others at 38 top financial companies can expect to earn nearly 18% more than they did in 2008--and slightly more than in the record year of 2007.
Citigroup's '09 Bonuses Said to be Similar to '08 Levels (Reuters)
Individual cash payouts may be capped at $60,000.
UBS, Credit Suisse Saw Outflows From Italian Amnesty (Bloomberg)
That can't feel good: "UBS AG, Credit Suisse Group AG and Julius Baer Group, Switzerland's biggest wealth managers, may have lost as much as 18 billion Swiss francs ($17.6 billion) in assets through an Italian tax amnesty, Morgan Stanley estimates."
Did Tudor's Tensor really tank? (CTNews)
According to investors, Tensor now has $1.1 billion after ending last year with about $870 million.

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