Pre-announcement was done in order to raise capital...
... Jaime couldn't raise the much needed capital when his report was sandwiched in between BAC and C. He figures he can report hell on Thursday and then turn around and issue stock at a much higher price than he would have after BAC's terrible report and the ensuing investor anxiety prior to C's report.
JPM going to $14 and BAC headed towards $6, and of course C will have to be diluted 90%/10% in Gov't favor.
MARK THIS POST.