JPMorgan Chase & Co. (JPM) - NYSE
  • Sep. 9, 2011, 11:17 AM

    CDS spreads on the debt of major U.S. and Euro banks are shooting higher thanks to Greek debt worries. Bank of America (BAC) and Goldman Sachs' (GS) CDS spreads are up 7% today, while Citigroup (C) and Morgan Stanley's (MS) are up 6%. J.P. Morgan's (JPM) spread is up 5%.

    | Sep. 9, 2011, 11:17 AM | 2 Comments
  • Sep. 9, 2011, 9:58 AM

    European bank stocks take a beating after Juergen Stark's resignation and Goldman Sachs cuts price targets for the group, citing the need to raise capital if governments impose haircuts on their sovereign debt holdings. BCS -5.9%, DB -5.7%, RBS -5.2%, CS -3.3%. U.S. banks follow suit: JPM -2.4%, C -2.1% WFC -1.5% BAC -1.4%.

    | Sep. 9, 2011, 9:58 AM
  • Sep. 8, 2011, 10:21 AM

    Financial shares are again a sea of red in an otherwise mixed market. Their problems are well documented, but what really may be hurting is the Fed's apparent fixation on lowering long term rates even further. The world runs on carry, and flattening the yield curve threatens to squeeze lender profitability even further.

    | Sep. 8, 2011, 10:21 AM | 1 Comment
  • Sep. 8, 2011, 9:25 AM
    Anglo Irish Bank expects to sell its $9.5B U.S. commercial real estate loan portfolio in the next two weeks, CEO Mike Aynsley says. The winners of a recent auction for the assets were reportedly Wells Fargo (WFC), JP Morgan (JPM) and Lone Star Funds, with the total paid $7B-$8B.
    | Sep. 8, 2011, 9:25 AM
  • Sep. 6, 2011, 1:54 PM

    KBW weighs in on the FHFA lawsuit filed Friday against the banks, saying it could cost the mortgage-bond issuers nearly $60B. A much smaller settlement is more likely however, because the banks have a strong defense. Bank of America (BAC -3.3%), Citigroup (C -2.5%) and J.P. Morgan Chase (JPM -3.7%).

    | Sep. 6, 2011, 1:54 PM | 1 Comment
  • Sep. 6, 2011, 10:15 AM
    The big banks being sued by the FHFA are taking a beating, exacerbated by the aggressive selling in European banks: SCGLY.PK -13.9%, CS -12.1%, RBS -12.1%, DB -8.9, BCS -8.9%, NMR -7.6%, BAC -6%, C -5.1%, JPM -4.5%, HBC -4.5%, GE -4.4%, MS -4.3%, FHN -3.6%, GS -2.8%. (also)
    | Sep. 6, 2011, 10:15 AM | 1 Comment
  • Sep. 6, 2011, 8:25 AM

    In return for a multibillion-dollar payment, state prosecutors have offered large U.S. banks a deal over inappropriate foreclosure practices that could effectively release them from legal liability for any misconduct relating to mortgage bonds, sources say.

    | Sep. 6, 2011, 8:25 AM | 4 Comments
  • Sep. 2, 2011, 4:30 PM

    More FHFA suits: JPMorgan (JPM) for losses on $33B in MBS, Deutsche Bank (DB) for losses on $14.2B in MBS, HSBC (HBC) for losses on $6.2B of MBS, and First Horizon (FHN) for losses on $833M of MBS. (previous)

    | Sep. 2, 2011, 4:30 PM | 1 Comment
  • Sep. 2, 2011, 1:37 PM
    Having bought $4.3B of it shares through July, JPMorgan (JPM -4.2%) finds itself about $600M in the hole (before today's slide). It highlights the dubious benefit of buybacks - which put management in charge of the best time to buy - as opposed to dividends which let the investor choose. If a recession hits, JPM may wish it still had that capital.
    | Sep. 2, 2011, 1:37 PM | 2 Comments
  • Sep. 2, 2011, 9:37 AM

    Financials limp out of the gate, with weak jobs data piling on already bad news: a federal agency is set to sue big banks over misrepresenting the quality of mortgage securities, and the Fed asks BofA (BAC -7.7%) to show contingencies if conditions get worse for the bank. JPM -4.1%, C -5.6%. Financials SPDR (XLF -3%) has dropped more than 14% in three months.

    | Sep. 2, 2011, 9:37 AM | 8 Comments
  • Sep. 2, 2011, 7:45 AM

    Bank of America (BAC -2.8%) falls premarket as legal troubles for the lender continue to mount. The other banks specifically named as possibly getting sued by the FHFA: Deutsche Bank (DB -2.5%), JPMorgan (JPM -0.9%), Goldman Sachs (GS -0.2%).

    | Sep. 2, 2011, 7:45 AM | 1 Comment
  • Sep. 2, 2011, 3:16 AM

    The FHFA could today file lawsuits accusing over a dozen large banks, including BAC, JPM, GS and DB, of misrepresenting the quality of MBS they sold to the GSEs during the housing bubble, sources say. Fannie and Freddie - and ultimately taxpayers - lost more than $30B as a result of the deals.

    | Sep. 2, 2011, 3:16 AM | 7 Comments
  • Aug. 31, 2011, 11:59 AM

    On track to generate $30B in excess capital over the next year and a half, JPMorgan (JPM) may seek early approval from the Fed to bump its $0.25 quarterly dividend or increase its $8B share buyback program, CFO Doug Braunstein tells analysts.

    | Aug. 31, 2011, 11:59 AM
  • Aug. 30, 2011, 1:18 PM

    Financial stocks, a primary driver of yesterday's bounce, are laggards today as investors take profits from insurers (KIE -1.1%) after their big rally: ALL -1.2%, HIG -1.5%. Among banks (XLF -1%), Bank of America (BAC -3%) weighs on the sector after reports of FDIC opposition to the mortgage settlement deal. Also: JPM -1.5%, C -1.4%, GS -1.2%, MS -1%.

    | Aug. 30, 2011, 1:18 PM
  • Aug. 29, 2011, 4:17 PM
    Dick Bove is pounding the table for bank stocks, noting many now sport market caps lower than their net cash positions; names fitting this description include BAC, JPM, C, BK, STT, NTRS, and SNV. However, Bove also believes Ireland, Portugal, and Greece will default, affecting several big-name U.S. banks with Euro exposure.
    | Aug. 29, 2011, 4:17 PM
  • Aug. 29, 2011, 3:56 PM
    SNL Financial's latest list of the 50 biggest U.S. banks shows Bank of America (BAC) barely edging out JPMorgan Chase (JPM) as the no. 1 U.S. financial institution as measured by assets. Capital One's (COF) additions of ING Direct and HSBC's U.S. card and retail services business push it into the no. 7 spot.
    | Aug. 29, 2011, 3:56 PM
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