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JPMorgan Chase & Co. (JPM)

  • Oct. 6, 2010, 1:39 PM
    Is market correlation the new bubble? And if so, the right move may be selling one- to two-year implied correlation - or as JPMorgan's (JPM) Delta One team calls it: "a free call option on the market recovery.”
    | Oct. 6, 2010, 1:39 PM | 2 Comments
  • Oct. 6, 2010, 11:49 AM
    The suspend-foreclosures momentum is catching, as North Carolina's attorney general follows the lead of Texas' AG in asking 15 mortgage lenders to put a halt to repossessions. On the state's list: BAC, JPM, WFC, C, STI, PNC, BBT and others.
    | Oct. 6, 2010, 11:49 AM | 7 Comments
  • Oct. 6, 2010, 8:34 AM
    Rep. Nancy Pelosi and dozens of other lawmakers ask the Justice Department to investigate the nation's largest mortgage lenders, citing BofA (BAC) and JPMorgan (JPM) by name. The move will likely spur cries for a nationwide foreclosure moratorium, though critics warn it might overwhelm the court system and scare away potential buyers.
    | Oct. 6, 2010, 8:34 AM | 17 Comments
  • Oct. 5, 2010, 1:01 PM
    Texas - which isn't one of the 23 states where GMAC Mortgage and BofA (BAC) moved to suspend foreclosures related to the "robo-signing" practice - asks 27 loan servicers (including BofA and JPMorgan Chase (JPM)) to halt foreclosures, foreclosure sales and evictions. Texas foreclosures don't require a court order, but the attorney general's scrutiny could have a huge impact on borrowers and lenders.
    | Oct. 5, 2010, 1:01 PM | 2 Comments
  • Oct. 3, 2010, 6:42 PM
    Barron's is bewitched by JPMorgan (JPM) CEO Jamie Dimon's optimism, saying shares could rise 50% over the next two years "given the bank's excellent outlook and strong management team." In a 52-slide presentation last month, Dimon supports recent regulatory reform, but complains that "some was ill-conceived, and there are unknown, unintended consequences."
    | Oct. 3, 2010, 6:42 PM | 3 Comments
  • Oct. 2, 2010, 5:13 PM
    A major title insurance company refuses to insure homes foreclosed by JPMorgan Chase (JPM) until "the objectionable issues (e.g.) have been resolved." On Friday, title insurer stocks dropped over concerns business would suffer due to the foreclosure freezes. GMAC, Bank of America (BAC) and Chase have now halted all foreclosures in the 23 states where they need a court's approval.
    | Oct. 2, 2010, 5:13 PM | 8 Comments
  • Oct. 1, 2010, 6:15 PM
    Another day, another robo-signing fiasco: A Bank of America (BAC) official admits she signed up to 8,000 foreclosure documents a month and typically didn't read them. Zero Hedge wonders if Wells Fargo's (WFC) move to curtail extensions on residential short sales is a "last-ditch attempt to accelerate the foreclosure process" before it joins BofA, JPM and GMAC in the spotlight.
    | Oct. 1, 2010, 6:15 PM | 23 Comments
  • Sep. 29, 2010, 4:24 PM
    JPMorgan Chase (JPM -1.4%) reportedly is delaying foreclosure proceedings to systematically review documents after alerting attorneys that employees may have signed affidavits without personally reviewing the documents, the same issue that has plagued GMAC Mortgage.
    | Sep. 29, 2010, 4:24 PM | 3 Comments
  • Sep. 28, 2010, 3:08 PM
    Newly released documents show just how hard execs at Washington Mutual fought regulators' notions that the bank was unable to pay obligations and had no chance of raising capital. WaMu had a plan to create $19B in capital "without a penny of government assistance," the bank wrote in a letter just one day before the feds took it down and sold its operations to J.P. Morgan (JPM) for $1.9B.
    | Sep. 28, 2010, 3:08 PM | 3 Comments
  • Sep. 28, 2010, 7:43 AM
    JPMorgan (JPM) may seek to recoup the $1.9B it spent, or even more, from the FDIC due to legal losses related to its purchase of the assets of WaMu. It sent letters to the FDIC detailing the claims.
    | Sep. 28, 2010, 7:43 AM | Comment!
  • Sep. 27, 2010, 8:43 AM
    Last week, GMAC Mortgage's evictions were called into question. Now, JPMorgan (JPM) faces a challenge to thousands of foreclosures after a Chase Mortgage executive admitted (transcript) she didn't verify documents used to justify home seizures. This could get messy, particularly for homes that have already been resold.
    | Sep. 27, 2010, 8:43 AM | 1 Comment
  • Sep. 25, 2010, 8:00 AM
    It's not easy for your heart to bleed for a billionaire, but you might be rooting for one in his suit against JPMorgan Chase (JPM) after the bank allegedly blew past negotiated investing limits and dumped his "no-risk" funds into risky mortgage-backed securities, leading to around $100M in losses.
    | Sep. 25, 2010, 8:00 AM | 3 Comments
  • Sep. 23, 2010, 2:24 PM
    Upset with JPMorgan Chase's (JPM) foreclosure policies in Michigan and labor dealings at Chase customer R.J. Reynolds (RAI), the United Auto Workers will pull its funds from the bank in protest. JPM is one of the lead underwriters in GM's upcoming IPO, during which the UAW will sell some of its 17.5% stake in the automaker.
    | Sep. 23, 2010, 2:24 PM | 4 Comments
  • Sep. 22, 2010, 9:36 AM
    Apple (AAPL) sits atop Goldman's VIP list of hedge fund holdings. Rounding out the top 10: JPM, PFE, BAC, MSFT, C, ACL, GOOG, XOM, MA.
    | Sep. 22, 2010, 9:36 AM | Comment!
  • Sep. 21, 2010, 8:49 AM
    S&P's Capital IQ (MHP) is putting together a deal to buy, a JV of several Wall Street banks including Goldman Sachs (GS) and JPMorgan (JPM), for $300M. was formed in 2000 as a way to provide banks' sell-side research to institutional investors. (PR)
    | Sep. 21, 2010, 8:49 AM | Comment!
  • Sep. 20, 2010, 2:46 PM
    “The market did not go down,” Jim Cramer says following Obama's CNBC town hall, and several stocks he was monitoring for their reactions went up: Staples (SPLS +1.1%), JPMorgan Chase (JPM +2.2%), BofA (BAC +1.7%), Best Buy (BBY +2.5%), Macy's (M +1.3%). Overall, Obama's performance was "benign,” Cramer says, and "benign’s a win.”
    | Sep. 20, 2010, 2:46 PM | 6 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