and confirmed the lack of certainty in the American economy.

Following the 2009 Bank of America and Citigroup ended the quarter with a loss, while Goldman Sachs, Wells Fargo, JP Morgan Chase and Morgan Stanley were able to make a profit. Despite the crisis year, and different financial results, all the major banks have been returned to the budget of taxpayers" money received from the U.S. government as an emergency financial assistance.

Different results analysts explain the restoration of some sectors of the banking business and the still sad state of others. Banks that specialize in investments, managed to earn a growing share in world markets. For example, on the basis of Brazil"s main stock index rose by 145%, in second place was Russia"s RTS, which has gained 128%. Other banks, whose business is largely dependent on credit, are still experiencing difficulties. In addition, the problem of the banks create so-called bad assets, whose share has continued to increase. Thus, financial institutions have to defer large amounts of money that will go to cover possible losses in the future.

Losers

largest U.S. bank Bank of America reported on the third loss for the last five quarters, caused by the cost of debt repayment to the U.S. government defaults on consumer loans. Loss for the fourth quarter totaled $ 194 million excluding the cost of debt repayment to the Treasury.

new executive director of Bank of America, Brian Moynihan promises to "change the DNA" of the company, because now the bank will focus on operations rather than acquisitions and salvation. "Despite the fact that we are forced to report disappointing loss last quarter, it is important that we have been able to fully recover taxpayers" money," - said Mr. Moynihan. Money from the government after the bank received as in 2008 acquired a near-bankrupt investment bank Merrill Lynch. Then the transaction cost of $ 50 billion decision to buy ailing bank was worth the post of Kenneth Lewis, who led the then Bank of America. bank Citigroup Inc., which until the crisis was the largest in the United States and the world, reported that its loss for the fourth quarter totaled $ 7.6 billion, subject to more than $ 6 billion in spending to pay off the state infusions. Despite the losses, the bank, however, sees some signs of improvement with loans in the world, especially in Asia and Latin America. Finance Director John Gerspech said that in 2009, Citi "has made significant progress." "While the situation remains difficult, we have a solid capital base and retain the confidence of customers", - said Mr. Gerspech.

results of Morgan Stanley were three times worse than analysts" estimates. Net profit Morgan Stanley in the fourth quarter totaled $ 617 million Morgan Stanley finished in the black the second consecutive quarter, while up to now the bank during the year carried a loss.

Lucky

much better than its competitors finished the fourth quarter, Goldman Sachs. Net profit Goldman Sachs Group Inc in the fourth quarter totaled $ 4.9 billion analysts expected to see half the amount. The Bank has reduced the total amount of bonuses to $ 3 billion - to $ 16.19 billion, Chief Financial Officer David Vinyar bank said in this regard: "We are not blind to the economic situation, the pain and suffering that occur throughout the world, and we do not deaf to the calls to exercise restraint. We have heard them. "

second-largest U.S. bank assets JP Morgan Chase Co. afford to pay millions of bonuses to its top managers: the net profit for JP Morgan Chase in 2009 increased by 2,1 times, to $ 11.7 billion Bank General Director James Dimon said the bank during the year noted the decrease in return on investment, as a consequence, reduce the potential for revenue growth. Profit brought the bank areas such as franchising, commercial banking, asset management and retail banking. Throughout the year the bank has remained stable and breakeven to a decrease in the market for mortgages and credit cards. According to Global Insight economist Brian Bethune, JP Morgan Chase could not work out better in the current circumstances. "It is expected that the proceeds of financial institutions on Wall Street will grow by 25% in 2009," - said the expert.

Net profit

Wells Fargo Co. in 2009 increased nearly fivefold, reaching $ 12.3 billion, compared with a profit of $ 2.7 billion, received up to 2008 in the fourth quarter of 2009, Wells Fargo"s net profit totaled $ 2.82 billion, whereas for the same period of 2008, the Bank incurred a loss of $ 2.73 billion

Dmitry Bondarenko

Asian stocks cheaper 6-th session in a row
U.S. index showed the greatest three-day decline since March, but rising futures
The level of support for the RTS Index futures for today - 146 100
A certain recovery rate of EUR /USD lost in the last days of positions in the near future to continue
Technically, to determine the future direction of motion is important to retain the MICEX indexd10level of 1400 points
In the case of turning the market may return to earlier levels as quickly as it fell
Today, despite the positive expectations for the placement of Rusal, is expected to continue sales in the steel sector
Today, the bull has a chance of a transition to the consolidation and subsequent testing of an important level of 1,415 points
The probability that the downward correction of the market of Russia will stop at the current levels, markedly reduced