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JPMorgan Chase & Co. (JPM)

  • 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.
  • Jul. 13, 2010, 7:23 AM
    The FHFA sent 64 subpoenas to MBS issuers to determine whether the firms misled Fannie (FNM) and Freddie (FRE), potentially paving the way for major lawsuits that could let the gov't recoup some of the billions of dollars the mortgage giants lost. Targets weren't identified, but potentially include Bear Stearns and WaMu (JPM), Countrywide and Merrill Lynch (BAC), Deutsche Bank (DB) and Morgan Stanley (MS).
  • Jul. 13, 2010, 7:15 AM
    Dozens of brokerages and banks, including Morgan Stanley (MS), Goldman (GS) and Citigroup (C), are being sued by a Boston area-based fund over $1.2B of subprime-related losses. The fund claims the banks made untrue statements and violated their own standards for underwriting.
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  • Jul. 8, 2010, 11:37 AM
    John Paulson's bets on a V-shaped recovery took an unsurprising hit in June, when investors said his Advantage Plus hedge fund lost 6.9% to bring his first-half return to -8.8%. Paulson's sticking to his guns with heavy bets on financials including BAC, C, STI, WFC and JPM.
  • Jul. 8, 2010, 10:49 AM
    After keeping its wallet shut as WaMu (JPM) and Wachovia (WFC) fell by the wayside, Sumitomo Mitsui (SMFJY.PK) may sink up to $5B into a stake of up to 20% of a U.S. commercial bank in the next few years. Japan's second-largest bank wants 30% of profits from overseas and thinks it can't get there organically.
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  • Jul. 7, 2010, 12:13 PM
    A swap of securities into preferred stock on the eve of Washington Mutual's (WAMUQ.PK) seizure is the basis for a lawsuit by holders of $1B of the securities against WaMu and JPMorgan Chase (JPM). Plaintiffs want the swaps undone, and a determination that JPMorgan knew about misrepresentations and can't be a bona fide purchaser of the securities.
  • Jun. 30, 2010, 9:53 AM
    Bank of America (BAC) moves to the top of the world rankings for tier-1 capital, surpassing JPMorgan Chase (JPM). Industrial and Commercial Bank of China was no. 1 for profit taking. The biggest loss was posted by Anglo Irish Bank (AIB), with an $18.5B hit, followed by GMAC and Citi (C).
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  • Jun. 30, 2010, 7:29 AM
    Congressional Democrats abandoned a controversial proposal in the financial reform bill that would have levied a $19B tax on the country's largest banks. Instead, lawmakers will offset the bill's costs by winding down TARP early and assessing a $5.7B fee on banks through the FDIC. Premarket: C +2.4%, GS +0.4%, BAC +1.2%, JPM +0.9%.
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  • Jun. 28, 2010, 2:47 PM
    Jamie Dimon's efforts to develop JPMorgan Chase (JPM) into a global colossus are clearly intended to position the bank as "too big to fail, too interconnected to fail, and - above all - too global to fail," Simon Johnson says. Dimon is constructing a “poison pill” against takeover by the government, Johnson says, a strategy "so simple, so brilliant, and so dangerous that it should take your breath away."
  • Jun. 25, 2010, 9:13 AM
    Bank stocks are among premarket gainers now that investors have some clarity about the final version of financial reform legislation. Rochdale's Dick Bove sums up Street sentiment: "The banks can get around this stuff. Banks are not going to suffer here." He predicts a short-term bank stock rally: "Now the government has to go out and support the industry, because they said they fixed it."
  • Jun. 24, 2010, 12:53 PM
    As financial reform sprints (or flails) to the finish line, early chatter about the Senate accepting the House's stance on derivatives (the last and seemingly most controversial issue) is fading, though slim margins mean the House holds a lot of cards. The Senate gets a win on capital levels. Big banks have led financials sharply lower today: JPM -2.6%, MS -2.6%, BAC -2.3%, C -2.3%, WFC -2.3%.
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  • Jun. 23, 2010, 11:27 AM
    More management moves for J.P. Morgan (JPM), which names Goldman Sachs (GS) veteran Michael Lynch its vice chairman of investment banking. Lynch spent nearly 30 years in i-banking for Goldman. (earlier)
  • Jun. 23, 2010, 10:42 AM
    More than merely a succession plan, JPMorgan Chase's (JPM) management reorganization sets the stage for creating a global corporate bank serving multinational clients. Heidi Miller is tasked with scouting and launching new outposts in Europe, Latin America and Asia, and she’ll have billions to pull it off.
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  • Jun. 23, 2010, 10:13 AM
    Senate negotiators are expected to offer changes today that would soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients. JPMorgan Chase (JPM) and Citigroup (C) are said to be the hardest hit among the biggest banks, Morgan Stanley (MS) and Goldman Sachs (GS) the least affected.
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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