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JPMorgan Chase & Co. (JPM)

  • Aug. 19, 2010, 3:55 PM
    The best defense against would-be bank robbers: Just ignore them. Two different Chase (JPM) branches in midtown Manhattan were hit by robber wannabes who slipped tellers demand notes, and each time the teller simply walked away.
    | Aug. 19, 2010, 3:55 PM | 1 Comment
  • Aug. 19, 2010, 2:10 PM
    Goldman's Richard Ramsden cuts earnings estimates at BofA (BAC), Citigroup (C) JPMorgan (JPM), Morgan Stanley (MS), PNC Financial (PNC), US Bancorp (USB) and Wells Fargo (WFC) by an average 7% in 2011 and 5% in 2012. Summarizing his report: It's tough to make money when no one wants to borrow it even as long-term rates are low and going lower.
    | Aug. 19, 2010, 2:10 PM | 4 Comments
  • Aug. 18, 2010, 11:10 AM
    The NY Fed adds another baby step to its eventual liquidity-soaking arsenal, adding money market funds to the list of counterparties for reverse repos. Beyond the primary dealers, the move gets a list of money managers involved: BAC, BLK, SCHW, GS, IVZ, JPM, LM and more.
    | Aug. 18, 2010, 11:10 AM | Comment!
  • Aug. 16, 2010, 3:35 PM
    Credit card delinquency rates fell in July and are now at their lowest levels this year, indicating that consumers are doing better at managing their debts. Capital One (COF), Discover (DFS), JPMorgan Chase (JPM), American Express (AXP) and Bank of America (BAC) each reported lower delinquencies and charge-offs.
    | Aug. 16, 2010, 3:35 PM | 4 Comments
  • Aug. 16, 2010, 9:44 AM
    Underwriters for GM's highly-anticipated IPO, including JPMorgan (JPM) and Morgan Stanley (MS), stand to make up to $120M. That number could have been four times higher if not for Goldman's (GS) attempt to undercut its competitors on the IPO...
    | Aug. 16, 2010, 9:44 AM | 4 Comments
  • Aug. 16, 2010, 8:52 AM
    A clause in the financial reform bill is giving banks a 90-day window to redeem trust preferred securities (TRUPs) and replace the instruments with cheaper capital, but concerns about upsetting both regulators and investors are giving banks pause.
    | Aug. 16, 2010, 8:52 AM | Comment!
  • Aug. 12, 2010, 5:25 PM
    The financial services sector "look(s) more like a grind" with expectations for a weaker recovery and longer-lasting low interest rates, which make loan growth less likely until next year, Goldman tells investors. Preferred in the group are "high quality" stocks such as JPMorgan (JPM), BlackRock (BLK), Simon Property (SPG) and Northern Trust (NTRS).
    | Aug. 12, 2010, 5:25 PM | Comment!
  • Aug. 10, 2010, 11:23 AM
    JPMorgan Chase (JPM) buys $3.5B in multifamily and commercial real estate loans - about 3,800 in California, New York and Illinois - from Citibank (C), for undisclosed terms.
    | Aug. 10, 2010, 11:23 AM | 3 Comments
  • Aug. 9, 2010, 3:27 PM
    Units of J.P. Morgan Chase (JPM) and Citigroup (C) are subpoenaed as part of New York's investigation into alleged predatory lending practices involving health care credit cards.
    | Aug. 9, 2010, 3:27 PM | Comment!
  • Aug. 7, 2010, 8:00 AM
    Just three months ago, Bank of America (BAC) and JPMorgan Chase (JPM) were perfect (trading to a profit every day of the quarter), but perfection's harder to come by in Q2: BofA lost on 12 of 63 days and JPM lost on eight of 65 days. Still, financials overall haven't been hurting: up 3% as a sector in the past three months, vs. the S&P 500's -0.6%.
    | Aug. 7, 2010, 8:00 AM | 5 Comments
  • Aug. 6, 2010, 4:42 PM
    Denver's public schools are in financial trouble thanks to complex derivatives JPMorgan (JPM) sold the school district right before the financial crisis, NYT reports. Denver essentially made the same choice some homeowners made: opting for a variable-rate instrument that offered lower monthly payments with the risk that they could rise, instead of a conventional, fixed-rate instrument.
    | Aug. 6, 2010, 4:42 PM | 7 Comments
  • Aug. 3, 2010, 1:50 PM
    Goldman Sachs (GS) is thinking about spinning off all or part of its massive private-equity arm, concerned that the Volcker Rule will create enormous uncertainty that sends investors fleeing. Goldman isn't the only one worried either.
    | Aug. 3, 2010, 1:50 PM | 3 Comments
  • 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.
    | Aug. 3, 2010, 1:14 PM | 1 Comment
  • 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, 3:20 PM | 8 Comments
  • 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. 31, 2010, 8:00 AM | 3 Comments
  • 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. 23, 2010, 10:27 AM | 4 Comments
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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