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JPMorgan Chase & Co. (JPM)

  • Aug. 3, 2010, 1:14 PM
    "Don't panic," JPMorgan Chase (JPM) commodities chief Blythe Masters told her team in an internal call, amid turmoil in the unit with some results 20% below expectations. The bank had started layoffs on July 21 to address overlaps from its purchase of RBS Sempra Commodities.
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  • Jul. 31, 2010, 3:20 PM
    Down but not out, credit card issuers have become increasingly creative in finding new ways to make money off of customers after some of their previous billing practices were banned by lawmakers.
  • Jul. 31, 2010, 8:00 AM
    Consumer credit-card defaults continue to slow - which coincides with the return of profits for issuers (like JPM, BAC, C, AXP, COF, DFS, WFC), even in spite of new consumer-protection rules. (And speaking of the rules: a roundup of the new fees and practices that card companies hope to trip up users with.)
  • Jul. 23, 2010, 10:27 AM
    Ken Feinberg will cite 17 financial firms for making "ill-advised" compensation payments during the height of the crisis, and the usual suspects likely will make the list: Goldman (GS), J.P. Morgan (JPM), Citigroup (C), et. al. But some firms may look at it as a "badge of honor," since they fulfilled their contractual obligations and, yes, they pay their people really well.
  • Jul. 21, 2010, 11:55 AM
    The Dodd-Frank Act is now law, making official the biggest overhaul of banks since the Great Depression. Financials are still mixed as a sector, with Morgan Stanley (MS +9.8%) cruising after its strong earnings report, but BofA (BAC -1.3%) and JPMorgan (JPM -1%) down on heavy dollar volume. (Obama remarks)
  • Jul. 20, 2010, 11:25 AM
    As soon as Friday, paymaster Kenneth Feinberg may demand a clawback of bonuses big banks (C, JPM, GS, MS, BAC) paid during 2008 - though his power is limited to politically shaming them, as the biggest banks in TARP have repaid the program.
  • Jul. 20, 2010, 8:45 AM
    Many small banks are feeling squeezed, but it's not just because of the weak economy. Mega-banks like BofA (BAC), JPMorgan (JPM) and Wells Fargo (WFC) are "hoarding" customers, as market power becomes increasingly concentrated in the hands of the nation's largest banks.
  • Jul. 16, 2010, 12:15 PM
    Stocks dig out new session lows on heavier volume than lately, as the S&P 500 crosses -2% on the day, and financials are doing awfully, paced by BofA (BAC -7.7%) after its disappointing report. Others: Fifth Third (FITB -8.1%); Citigroup (C -4%); JPMorgan Chase (JPM -3%); Wells Fargo (WFC -4.8%).
  • Jul. 15, 2010, 6:42 PM
    Some frankness from Jamie Dimon (JPM) in answering a question from Meredith Whitney about the firm's outlook for U.S. home prices on today's Q2 earnings call: "We don't know what's going to happen to home prices. And we don't think anyone knows - we don't think anyone actually knows what's going to happen to home prices."
  • Jul. 15, 2010, 1:28 PM
    More improvements in credit-card losses - Amex (AXP) continues to lead with charge-offs down to 5.7% from 6.3%, delinquencies down to 2.7% from 2.9%. Discover (DFS): charge-offs down to 8% from 8.82%, delinquencies down to 4.81% from 4.95%; Chase (JPM): charge-offs down to 8.38% from 8.95%, delinquencies down to 4.13% from 4.22%; BofA (BAC): charge-offs down to 11.98% from 13.33%, delinquencies down to 6.16% from 6.39%. (earlier)
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  • Jul. 15, 2010, 9:46 AM
    Conventional view of JP Morgan's (JPM) Q2 report is generally positive - "book value increased, the credit outlook improved" - but Dick Bove is not impressed. "On the whole this number is not a good number," Bove says, referring to EPS of $1.09. "It's here because they've taken money out of reserves and put it into earnings." JPM shares now moving lower, -0.6%.
  • Jul. 15, 2010, 9:15 AM
    Market Preview: Stock futures are off earlier levels and suggest a slightly positive open, following a larger-than-expected drop in jobless claims and a healthy earnings beat from JPMorgan (JPM). Benchmark S&P +0.1%. Ongoing today: nomination hearings for three Fed governors (calendar).
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  • Jul. 15, 2010, 6:51 AM
    More from JPM: Results include a $0.36/share benefit from a $1.5B reduction in loan loss reserves, which was partly offset by a $550M ($0.14/share) charge to cover the U.K.'s tax on employee bonuses. Shares have now fallen from +1.6% to -0.6%.
  • Jul. 15, 2010, 6:46 AM
    JPMorgan (JPM): Q2 EPS of $1.09 beats by $0.39. Revenue of $25.6B (-7.6%) vs. $25.6B. Shares +1.6% premarket. (PR)
  • Jul. 15, 2010, 12:05 AM
    Notable earnings before Thursday's open: FCS, JPM, NVS, NXY, PPG, TCB
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  • Jul. 14, 2010, 5:20 PM
    Jamie Dimon 1, Main Street 0: JPMorgan Chase (JPM) and Wall Street banks "dodged a bullet" with the watered-down derivatives measures in the financial reform bill, analysts say, while farmers who use derivatives to hedge crop risks fear the regulations will raise their costs.
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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