Seeking Alpha

JPMorgan Chase & Co. (JPM)

  • Oct. 29, 2010, 6:15 PM
    "Foreclosures are rising, lawsuits are flying, banks are beleaguered." It's time for a Marshall Plan for housing, Matt Goldstein writes. But it's on the big banks with significant exposure to second liens - enough to wipe out most of their net worth. They have no choice but to reach an agreement, since "keeping their heads in the sand is a guaranteed way for the entire financial system to blow up."
    | Oct. 29, 2010, 6:15 PM | 179 Comments
  • Oct. 27, 2010, 8:11 PM
    Two investors have filed separate lawsuits against JPMorgan (JPM) and HSBC (HBC) charging the banks with manipulating silver by amassing huge short positions from early 2008 in order to make hundreds of millions illegally. (yesterday: CFTC action)
    | Oct. 27, 2010, 8:11 PM | 4 Comments
  • Oct. 27, 2010, 2:21 PM
    JPMorgan Chase (JPM +0.3%) nears an agreement to buy Gávea, a Brazilian hedge fund and private equity firm that has roughly $6B in assets under management, WSJ reports. JPM also expands its team of trade finance specialists devoted to emerging Asian markets (PR). The moves provide more proof that the real financial action is overseas.
    | Oct. 27, 2010, 2:21 PM | 1 Comment
  • Oct. 27, 2010, 8:13 AM
    Deutsche Bank's (DB) Postbank stake pulled DB to a quarterly loss, but DB's I-banking performance is a bright spot. Though sales and trading revenue slipped 4%, the unit trounced the average 26% decline at Goldman (GS), BofA (BAC), Citi (C), JPMorgan (JPM), Morgan Stanley (MS), UBS (UBS) and Credit Suisse (CS).
    | Oct. 27, 2010, 8:13 AM | Comment!
  • Oct. 26, 2010, 12:26 PM
    A group of large commercial banks asks the Supreme Court to review a March ruling requiring the Fed to disclose who came to the discount window during the crisis - but the Fed isn't joining in calls to reconsider. The Clearing House Association is a who's who of big banks, including BAC, C, DB, JPM, UBS, WFC.
    | Oct. 26, 2010, 12:26 PM | 2 Comments
  • Oct. 26, 2010, 9:46 AM
    Revenue is shrinking at U.S. banks and may continue to fall as the industry grapples with a new, tougher regulatory environment. Credit Agricole analyst Mike Mayo says investors should brace for a decade that will bring the “worst revenue growth” for U.S. banks in 80 years.
    | Oct. 26, 2010, 9:46 AM | 3 Comments
  • Oct. 25, 2010, 11:54 AM
    NYSE and Nasdaq are investigating "erroneous" warrant trades on 12 companies - mainly banks and insurers, including BAC, JPM, WFC, PNC, COF - that they say occurred in the two minutes before market opening.
    | Oct. 25, 2010, 11:54 AM | 4 Comments
  • Oct. 23, 2010, 5:15 PM
    In the latest sign of copper's ascendancy as the metal of the moment, JPMorgan (JPM) is rolling out a physical copper ETF. Justifying the timing, the firm pointed to constraints in expanding global copper-mine supply, revived consumption in the Western economies and continued strong demand in emerging markets.
    | Oct. 23, 2010, 5:15 PM | 11 Comments
  • Oct. 22, 2010, 9:43 AM
    A revealing infographic separates America's real corporate cash cows (GS, AAPL, GOOG, MSFT, INTC, QCOM) from the charlatans (JPM, BAC, T, CMCSA, VZ, IBM, GE). Bottom line: after factoring in debt, it's not $3.7T sitting on the sidelines, but rather -$750B.
    | Oct. 22, 2010, 9:43 AM | 10 Comments
  • Oct. 22, 2010, 7:49 AM
    Major U.S. lenders, including JPMorgan (JPM) and BofA (BAC), are said to be in talks with state attorneys general to resolve the nationwide probe into foreclosure practices. JPMorgan and BofA couldn't be reached for comment.
    | Oct. 22, 2010, 7:49 AM | 5 Comments
  • Oct. 21, 2010, 5:55 PM
    The top mortgage lenders and servicers are so big and unmanageable, Jonathan Weil writes, that the people in charge of running them have no way to know the extent of the foreclosure problem. "One of the lessons the public should have learned [from the subprime mortgage crisis] is that the leaders of these companies often have no idea what’s going on inside them."
    | Oct. 21, 2010, 5:55 PM | 2 Comments
  • Oct. 19, 2010, 4:53 PM
    JPMorgan's (JPM -1.3%) Jamie Dimon says his bank will manage new financial rules, but backs away from earlier comments that they are “not a big deal." He had been "speaking to a room of investors - that we can still do a great job for customers and shareholders." The U.S. won't double-dip: "We work hard, we are innovative, we adapt quickly."
    | Oct. 19, 2010, 4:53 PM | Comment!
  • Oct. 19, 2010, 8:40 AM
    Signs of life in the CMBS market: Sources say Goldman (GS) and BofA (BAC) are expected to sell $3B of senior debt left over from the 2007 sale of Hilton Worldwide to Blackstone (BX), while JPMorgan (JPM) and Deutsche Bank (DB) are expected to sell a $2B loan connected to the Extended Stay hotel chain by the end of the month.
    | Oct. 19, 2010, 8:40 AM | Comment!
  • Oct. 18, 2010, 6:31 PM
    How great is it to play with the house's money? Look at the still-thriving practice of securities lending, where pension funds and mutuals lend stocks and bonds to the Street in return for cash that banks like JPM invest - then the banks take a big cut of the profits, but leave the funds to absorb all the losses.
    | Oct. 18, 2010, 6:31 PM | Comment!
  • Oct. 18, 2010, 4:05 PM
    Market recap: Financials lifted stocks in the morning after Citigroup's (C +5.6%) beat, and equities powered out of rangebound trading in the afternoon, finishing close to 2010 highs. Other banks riding the wave: WFC +5.5%, BAC +3%, JPM +2.9%. Crude jumped as the dollar slipped -0.3% against yen, -0.1% against euro. Tech bellwethers Apple (AAPL) and IBM about to report.
    | Oct. 18, 2010, 4:05 PM | 1 Comment
  • Oct. 16, 2010, 2:32 PM
    BofA (BAC) said the costs of foreclosure delays have been "grossly distorted," but Dick Bove isn't convinced. He thinks banks could face losses of more than $80B, not so much because of a halt in foreclosures but because of the investor and homeowner lawsuits that will almost certainly follow.
    | Oct. 16, 2010, 2:32 PM | 19 Comments
Company Description
JPMorgan Chase & Co is a financial services firm and a banking institution. its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management.
Sector: Financial
Country: United States