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What JPMorgan Earnings Mean For Broader MarketsRyan Perlowin • Fri, Apr 12 -
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JPMorgan Chase & Co. - Analyst/Investor DayTue, Feb 28, 2012
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JPMorgan Chase CEO Discusses Q4 2010 Results – Earnings Call TranscriptThu, Jan 20, 2011
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JPMorgan Chase & Co. Q2 2010 Earnings Call TranscriptThu, Jul 15, 2010
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JP Morgan Chase & Co. Q1 2010 Earnings Call TranscriptWed, Apr 14, 2010
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JPMorgan Chase & Co. Q4 2009 Earnings Call TranscriptFri, Jan 15, 2010 • 3 Comments
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JPMorgan Chase & Co., Inc. Q3 2009 Earnings Call TranscriptWed, Oct 14, 2009 • 1 Comment
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JPMorgan Chase & Co. Q1 2009 Earnings Call TranscriptFri, Apr 17, 2009
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JPM vs. ETF Alternatives
Company Description
JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”) is a financial holding company incorporated under Delaware law in 1968. JPMorgan Chase is one of the largest banking institutions in the United States of America (“U.S.”), with $2.0 trillion in assets, $165.4 billion in stockholders’ equity... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, May 7, 7:20 AM Three of JPMorgan's (JPM) largest shareholders - BlackRock, Vanguard, and Fidelity controlling over 12% of the stock - remain undecided in the coming vote over whether to split the Chairman and CEO roles, reports the WSJ. The split proposal received 40% of the vote in 2012, when all 3 voted against it. The vote itself in nonbinding, but the board would likely face great pressure to act if it receives more than 50%. Update at 7:25: Proxy-adviser Glass Lewis comes out in support of splitting the roles (ISS yesterday). 4 Comments [Financials]
- Tuesday, May 7, 7:14 AM JPMorgan (JPM) is planning commodity trader job cuts at its London and Dubai offices, reports Bloomberg. Commodities revenue at the 10 largest banks slumped 24% to $6B in 2012, according to one report. Toss in new regulations and capital rules and it's only natural some big players are looking to cut back. 1 Comment [Financials]
- Monday, May 6, 11:46 AM ISS urges shareholders not only vote to split the Chairman and CEO roles at JPMorgan (JPM) - not a huge surprise - but also to boot 3 directors who sit on the board's risk policy committee. The shareholder advisory group notes it opposes directors only under "extraordinary circumstances." One of the three - Ellen Cutter - is notable for having served on AIG's board when it blew up. Another - David Cote - is CEO of Honeywell, and lacking in risk management experience at a bank. 1 Comment [Financials]
- Friday, May 3, 9:56 PM Jamie Dimon will hold a town hall-style meeting with junior bank examiners from the Office of the Comptroller of the Currency next week in an effort to "answer all staff inquiries." According to WSJ, the meeting comes on the heels of an earlier meeting with senior examiners during which Dimon was told that "regulators don't trust [the firm's] management" and believe JPM simply "isn't getting the message." Scrutiny seems to be coming to a head (I, II) lately just as Dimon is set to face shareholders this month. 46 Comments [Financials]
- Friday, May 3, 3:50 PM Notably not sharing in the day's good vibes is JPMorgan (JPM -0.9%) as a concerted push seems underway to remove Jamie Dimon from the Chairman's role (I, II). The Oracle, however, has his back: "I'm 100% for Jamie," said Buffett in an interview ahead of Berkshire's annual meeting. Morgan's annual meeting is set for May 21. 2 Comments [Financials]
- Thursday, May 2, 11:38 PM JPMorgan (JPM) has "transitioned from model citizen to problem child" in the eyes of Washington, the NY Times says. The latest evidence of the shift is a government document (reviewed by the Times) which reportedly says the firm dreamed up "manipulative schemes" in order to wring profits from "money-losing power plants." The Federal Energy Regulatory Commission also says Blythe Masters (mother of the synthetic CDO) "falsely denied under oath her awareness of" certain activities allegedly undertaken by a group of Houston energy traders. It isn't clear whether actions will be taken against JPM, which will have a chance to respond to the allegations. 10 Comments [Financials]
- Monday, April 29, 10:26 AM Citigroup's (C) reluctance to pare its mortgage assets at fire-sale prices could pay off, says KBW, as it now stands to greatly benefit from rising home prices. It's a flow vs. stock argument as Citi - compared to WFC, JPM, or USB - does a relatively small amount of (now under profit-pressure) mortgage origination volume, but still has loads of questionable paper on its books. Also positioned to benefit is BAC. 3 Comments [Financials]
- Sunday, April 28, 8:58 PM A top JPMorgan (JPM) executive leaves the company, marking the ninth high profile departure in the past eighteen months. Co-chief operating officer Frank Bisignano, a long-time associate of Jamie Dimon, will become chief executive of First Data Corp. in Atlanta, WSJ says. Matt Zames, who helped clean up the chief investment office after last year's $6B trading blunder, is promoted to sole COO. Comment! [Financials]
- Wednesday, April 24, 3:58 PM Richard Pzena (PZN) - still heavily overweight financials (XLF) and mature tech (XLK) - makes his case for global banks in today's earnings call (transcript): With capital levels of 11-13% at JPM, C, and BCS double what they were pre-crisis, will regulators allow banks to earn a decent return on said capital? A definite "yes," says Pzena, seeing no reason demand for financial products won't continue to grow faster than GDP, and noting bank managers' "laser-like focus" on improving returns. An average price-to-book ratio of 0.7x combined with a modest ROE of 12-13% suggests fair value more than double current prices. Comment! [Financials, Tech, Quick Ideas]
- Thursday, April 18, 5:08 AM Italian police have visited JPMorgan (JPM) offices in Milan as part of an investigation into the acquisition by troubled bank Monte dei Paschi di Siena of rival Antonveneta in 2007. The police were "carrying out a (court) order to provide documents," a source says. 1 Comment [Financials]
- Wednesday, April 17, 1:38 PM "Too little has been changed to avoid a repeat of the problem," says the Boston Fed's Eric Rosengren, arguing banks with broker-dealer units continue to hold too little capital. "The status quo represents an ongoing financial stability risk." The largest ones still standing are MS, UBS, GS, C, DB, CS, BAC, BCS, and JPM, and each of the U.S. ones passed the Fed stress test and are returning capital. 5 Comments [Financials]
- Monday, April 15, 4:28 PM JPMorgan (JPM) is reportedly set to be pinned by regulators for failing to conduct adequate due diligence and report suspicious activity in its dealings as Bernie Madoff's main bank for two decades. The OCC will likely this year issue a cease-and-desist order to have the bank correct failings in its anti-money laundering practices. 3 Comments [Financials]
- Monday, April 15, 12:28 PM The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. 22 Comments [Financials]
- Friday, April 12, 9:11 AM Expect continued net interest margin compression for the rest of this year, says JPMorgan (JPM -0.9%) CFO Marianne Lake on the earnings call. Asked about new movement on bank regulation, Jamie Dimon says it's time to "declare victory and stop eating our young." (presentation) Comment! [Financials]
- Friday, April 12, 7:35 AM More on JPMorgan (JPM) Q1 earnings: Is the mortgage cow fully milked? Mortgage originations of $52.7B, up 3% sequentially, up 37% Y/Y. Mortgage pretax income fell 43% Y/Y thanks to narrowing margins (expected across the industry). Mortgage application volumes down 8% sequentially, up 1% Y/Y. Book value/share of $52.02 vs. current price of $49.10. Conference call set for 8:30 ET. (presentation) (supplement) Stock now off 0.4% premarket. (PR) Comment! [Financials, Earnings]
- Friday, April 12, 7:14 AM More on JPMorgan (JPM) Q1 earnings: Earnings received an $0.18 benefit from reduced loan loss reserves in mortgages and credit cards, but the business of banking - loan growth - slowed "across the industry," says Jamie Dimon. Consumer & Community banking revenues off 6% Y/Y. Commercial Banking revenue about flat Y/Y. Basel Tier 1 equity ratio of 10.2%. Dividend hike in Q2 to $0.38 from $0.30. Bank bought back $2.6B in stock in Q1, with an additional $6B authorized over next year. Shares -1% premarket. (PR) Comment! [Financials, Earnings]
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The Wall Street Transcript
JPMorgan Chase & Co. ($JPM) Maintains Earnings Power Despite Legislative Risk- http://su.pr/1tU9Be - View all 0 replies
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x oil -field
Study: Megabanks may disappear. $BCS $GS $BAC $DB $CS $UBS $C $JPM TBT[JAIL] Emperor(s) Have No clothes. http://bit.ly/16k2MVD - View all 0 replies
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x oil -field
CFTC Demands Banks Prove Dodd-Frank Act Swaps Compliance. $GS $UBS $BAC $JPM $CS http://bloom.bg/100Fm04 http://bit.ly/13HD9tu Bloomberg - View all 1 replies
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x oil -field: Bail-Out Is Out,Bail-In Is In:Time For Some Publicly Owned Banks. Ellen Brown $BAC $JPM TBT[JAIL] http://bit.ly/13HD9tu http://bit.ly/YrFFVP
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x oil -field
Bail-Out Is Out, Bail-In Is In: Time For Some Publicly Owned Banks Apr 29 2013 by: Ellen Brown. $BAC $JPM http://bit.ly/13HD9tu - View all 0 replies
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The Wall Street Transcript
JPMorgan Chase & Co. ($JPM) Trades Inexpensively, Returns Capital, Grows Regional Units- http://su.pr/46ByrQ - View all 0 replies
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MSF INVESTMENTS
$JPM sold all their shares in their Equity Income fund it was a top 10 holding.$AAPL - View all 0 replies
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x oil -field
$CS Credit Suisse to Stop Relaying Dark-Pool Data, Tabb Says. $JPM $BAC $NYX $NDAQ http://bloom.bg/ZyufOQ Bloomberg - View all 0 replies
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LATEST REPLIES
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x oil -field
Reuters: $BCS Barclays halts agriculture trading with hedge funds. $JPM $DB http://reut.rs/12zrPO4 $MS http://bit.ly/XzV6F9 $GLD $SLV - View all 1 replies
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x oil -field: Nymex crude $OIL futures plunge,large block of trades fueled rumors that a commodity fund was forced to liquidate. $USO http://bit.ly/WaOsFZ
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x oil -field
Bloomberg: $JPM JPMorgan Said to Fire Traders, Realign Pay Amid Slump. [Is the big naked short equities jig up?] http://bloom.bg/15hN8rv - View all 1 replies
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x oil -field: $GOLD Spot C-(1,605.00)oz Trending Lower L-(1,597.85)oz http://bit.ly/nXGqkT ($GLD $155.40) http://bbc.in/12NLluQ $NUGT http://bit.ly/WqSM61
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angela1111
Closely following Apple for downturn buying opportunity. I wish I knew how to trade options. Watching RIM, JPM, GLD, Starbucks. - View all 3 replies
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angela1111: what's the best source to learn? Unfamiliar with the risks?
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Bret Kenwell: Wow...coming way back in time! Alright...perhaps PM me...it will be easier to type that way and let me know what your trying to accomplish:)
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x oil -field
OCC Is After $JPM's Whale Trading Loss Swells Over $6 Billion. $GLD http://seekingalpha.com/a/n4rr - View all 3 replies
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x oil -field: Bloomberg: $JPM JPMorgan's Staley Quits to Join BlueMountain ''Whales'' Hedge Fund. http://bloom.bg/10c8tDh
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x oil -field: I would agree,some where on StockTalk earlier this year the great unwind(ing) was called.''all commodities including long $GOLD $OIL.''
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Hillbilly Stock Star: Jamie's gonna run a pizza shop when he retires! LoL!
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x oil -field
Bloomberg: $JPM FSA Probes JPMogran Over London Whale Trading Losses. http://bloom.bg/ZSKtPx - View all 1 replies
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x oil -field: The Title ''JPMogran'' type'O Spells..Very Concerning Indeed.
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x oil -field
Former $JPM JPMorgan Investment Banking chief Jes Staley parachutes into BlueMountain Capital. http://seekingalpha.com/n/g3e3 - View all 1 replies
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x oil -field
$JPM MF Global Overseers Reach Accord Over Claims By: MICHAEL J. DE LA MERCED -DealB%k http://nyti.ms/Ul00YV - View all 3 replies
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realornot: His name is "The Honorable Jon S Corzine" http://bit.ly/12Nmp44 http://bit.ly/Ul17rv Obama 2013- -
x oil -field: U.S.A. to Pass Saudi Arabia in $OIL Energy Production, IEA Says: Huge Foreign Policy, Economic Implications. $GLD http://yhoo.it/TBCjHr
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Joe Springer
There's time to make these trades yet if you agree: $AEM $BAC $QQQ $C $JPM $WFC $USB http://bit.ly/T5AvKl - View all 1 replies
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Joe Springer: It's a down day and it's early but so far we are 3 for 3: http://seekingalpha.com/a/lpx7 $AEM $BAC $QQQ
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x oil -field
Bloomberg:JPMorgan Energy-Trading Unit Admits Errors in FERC Filing. $JPM http://bloom.bg/ThJZVm ($JPM Credit-Derivatives) - View all 1 replies
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x oil -field: Reuters: $BAC Barney Frank cries foul in government's lawsuit against JPMorgan $JPM http://reut.rs/Sf2WFl
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1980XLS-2.0
LOL at those buying ISRG on JPM upgrade yesterday. They wanted bagholders, not trying to help you. - View all 1 replies
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x oil -field: High-frequency trading (HFT) Casino-Type Stock Market Is Deterring Investors: Broker. http://bit.ly/RN0DHF CNBC
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x oil -field: SA Felix Salmon:Why There's Less High-Frequency Trading. October 15, 2012 BATS NDAQ NYX http://bit.ly/ToIT4v
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Justin M. Hall
10/13/12 11:58P ET: {BAC, JPM} Regulators Preparing for Romney Win. The CTFC delay is telling. http://bloom.bg/TpS9oD - View all 10 replies
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