Seeking Alpha

JPMorgan Chase & Co. (JPM)

  • 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.
  • 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. 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, 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.
    | 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.
    | 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. 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. 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.
    | 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)
    | 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, 12:40 PM
    Stock offerings down 15%, bond issuance down 25%, revenue slipping - Wall Street's still making plenty but its main businesses are slowing down, causing analysts to revisit their profit forecasts for financials.
  • Sep. 20, 2010, 8:37 AM
    Sempra Energy (SRE) and Royal Bank of Scotland (RBS) will sell Sempra Energy Solutions, the retail commodity marketing arm of RBS-Sempra Commodities, to Noble Corp. (NE) for $582M - $317M in cash plus debt assumption. The JV sold its metals and oil business to JPMorgan (JPM) in July, and is in advanced negotiations to sell the wholesale power and natural gas business - its final unit. (PR)
    | Comment!
  • Sep. 17, 2010, 4:39 PM
    JPMorgan Chase (JPM), Goldman Sachs (GS) and Wells Fargo (WFC) are among the biggest companies to sign onto a pledge promising not to put money into political races.
  • Sep. 16, 2010, 2:10 PM
    JPMorgan Chase (JPM -0.2%) issues an apology to customers for three days of problems on its website, but a bigger problem than the bank's lack of tech savvy may be fallout from the way it failed to communicate with customers about what was happening with their accounts.
  • Sep. 14, 2010, 5:55 PM
    Don't be fooled by the recent bounce in financial stocks, Louis Navellier warns. "High foreclosure rates and low lending rates are acting against the big banks," he says, urging investors to sell these 11 famous financials: STD, BAC, BCS, LFC, C, HBC, GS, JPM, LYG, RBS, WFC.
  • Sep. 14, 2010, 2:22 PM
    JPMorgan Chase's (JPM -1.2%) Jamie Dimon says his bank "will be fine" after implementing stricter Basel III capital and liquidity requirements but lending costs for bank customers will go up because returns for banks will fall after implementing the new regulations.
Visit Seeking Alpha's
JPM vs. ETF Alternatives
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