JPMorgan Chase & Co. (JPM) - NYSE
  • Mar. 3, 2011, 10:36 AM
    Twitter co-founder Biz Stone denies a report that the firm is in talks to sell a $450M stake to a JPMorgan (JPM) fund, reiterating that it is committed to remaining independent. "We are not even discussing it internally. It's too far off," Stone says, adding that Twitter has no plans to raise funds over the next 12 months.
    | Mar. 3, 2011, 10:36 AM
  • Mar. 3, 2011, 9:38 AM
    Regulators can't agree on how much to punish banks for the mortgage mess as well as exactly who should benefit from a settlement. The Consumer Financial Protection Bureau, backed up by state attorneys general and the FDIC, pushes for $20B in penalties. But others oppose such a large fine, contending a small number of people were the victims of flawed foreclosure procedures.
    | Mar. 3, 2011, 9:38 AM | 2 Comments
  • Mar. 1, 2011, 3:44 PM

    Goldman Sachs (GS -0.8%) says it may lose as much as $3.4B more than it anticipated due to legal problems growing out of the financial crisis. Of all banks announcing potential losses in legal proceedings beyond their litigation reserves, only JPMorgan Chase (JPM -1.8%) has issued a higher figure ($4.5B).

    | Mar. 1, 2011, 3:44 PM | 2 Comments
  • Mar. 1, 2011, 11:26 AM

    HSBC (HBC -2.5%) has suspended U.S. foreclosure filings after the OCC noted "certain deficiencies" in the London bank's processes. It's in company with JPMorgan Chase (JPM) and Bank of America (BAC), who implemented similar halts, though those two banks have restarted most processes.

    | Mar. 1, 2011, 11:26 AM
  • Mar. 1, 2011, 9:43 AM

    JPMorgan Chase (JPM -0.3%) says it is a defendant in more than 10,000 legal proceedings and may be $4.5B short of reserves needed to cover the costs in a worst-case scenario. Last week, Citigroup (C) said it might fall $4B short, while Bank of America said it might be $1.5B behind and Wells Fargo (WFC) said it might be $1.2B short.

    | Mar. 1, 2011, 9:43 AM | 6 Comments
  • Mar. 1, 2011, 7:34 AM
    Allstate (ALL) sues Credit Suisse (CS), saying the bank caused losses by hiding risks related to mortgage securities. Allstate has filed similar suits against BofA (BAC), Citigroup (C), Deutsche (DB) and JPMorgan (JPM). The five suits cover $2.1B of securities.
    | Mar. 1, 2011, 7:34 AM | 1 Comment
  • Feb. 28, 2011, 7:34 AM

    JPMorgan's (JPM) new $1.2B digital growth fund is said to be in talks to take a 10% stake in Twitter for $450M, valuing the microblogging site at $4.5B. Sources say JPMorgan has also purchased a substantial amount of Twitter's shares on private exchanges.

    | Feb. 28, 2011, 7:34 AM
  • Feb. 25, 2011, 8:25 AM

    Banks have yet to see drafts of a reported mortgage settlement being worked on by the White House but are already on the defensive, arguing that principal reductions will fail to help individual borrowers or the broader market. Plus, $20B of mods won't do much good when $774B worth of home loans are underwater.

    | Feb. 25, 2011, 8:25 AM | 7 Comments
  • Feb. 24, 2011, 7:48 AM

    The White House is reportedly pushing for a sweeping settlement that would force the country's largest banks to spend billions of dollars reducing mortgage principals on underwater mortgages. State AGs would follow that up with $20B+ of civil fines.

    | Feb. 24, 2011, 7:48 AM
  • Feb. 23, 2011, 7:40 AM

    More from Judge James Peck on the Lehman-Barclays ruling: "The sale process may have been imperfect, but it was still adequate under the exceptional circumstances of Lehman Week." Good news, potentially, for BofA (BAC), CIBC (CM), and JPMorgan (JPM), which also face Lehman suits.

    | Feb. 23, 2011, 7:40 AM
  • Feb. 18, 2011, 5:35 PM
    In a court filing, JPMorgan Chase (JPM) claims that the bankruptcy of Lehman Brothers left it with certain assets that Lehman’s own employees referred to as “goat poo.”
    | Feb. 18, 2011, 5:35 PM | 5 Comments
  • Feb. 18, 2011, 5:15 PM

    Allstate (ALL) sues Citigroup (C) and Deutsche Bank (DB), accusing the banks of misrepresenting risks on more than $385M in mortgage-backed securities it bought. Allstate has filed similar suits against JPMorgan Chase (JPM) and Bank of America's Countrywide unit.

    | Feb. 18, 2011, 5:15 PM
  • Feb. 18, 2011, 8:23 AM
    Jamie Dimon reaps the benefits of a good year for JPMorgan Chase (JPM): He received restricted stock and stock options valued at $17M, a 22% boost from 2009. He also received a $1M annual salary, an amount unchanged for several years.
    | Feb. 18, 2011, 8:23 AM
  • Feb. 17, 2011, 9:44 AM

    Whether or not the SEC's upcoming annual budget jumps to Obama's proposed $1.4B, Halah Touryalai finds that the ways Wall Street banks spend their billions makes the SEC's budget "look pathetic." BofA's (BAC) 2010 marketing expense: $2B. JPMorgan's (JPM) Q3 2010 litigation reserves: $4B. Goldman Sachs (GS) Q4 2010 expense on compensation and benefits: $2.3B.

    | Feb. 17, 2011, 9:44 AM | 1 Comment
  • Feb. 17, 2011, 7:31 AM

    More than a dozen financial firms (including BAC, JPM, WFC) are expected to face formal enforcement actions in connection to mortgage-servicing practices, with officials considering fines and forced changes to how companies operate.

    | Feb. 17, 2011, 7:31 AM | 2 Comments
  • Feb. 17, 2011, 7:23 AM
    The country's 19 largest banks were ordered to run stress tests against a scenario that reportedly included renewed recession with unemployment above 11%, even though the Fed is decidedly not expecting an economic slump.
    | Feb. 17, 2011, 7:23 AM | 4 Comments
Company Description
JPMorgan Chase & Co. is a financial holding company that provides financial and investment banking services. It offers a range of investment banking products and services in all major capital markets, including advising on corporate strategy and structure, capital-raising in equity and debt... More
Sector: Financial
Industry: Money Center Banks
Country: United States