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JPMorgan Chase & Co. (JPM)

  • Mar. 19, 2010, 9:27 AM
    Goldman lowers its Q1 profit forecasts for peers JPMorgan (JPM), Bank of America (BAC), Morgan Stanley (MS), Jefferies (JEF) and Piper Jaffray (PJC) by an average of 15%, and by 3% for the year, noting capital markets have gotten off to a "choppy start" in 2010. PJC -2.5% premarket. JEF -0.7%.
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  • Mar. 17, 2010, 10:48 AM
    Sources say Italy has ordered four banks - UBS (UBS), JPMorgan (JPM), Deutsche Bank (DB) and Depfa Bank - to stand trial for the alleged fraudulent sale of derivatives.
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  • Mar. 16, 2010, 9:02 AM
    Size matters, at least for Goldman Sachs (GS) and JPMorgan (JPM). The two are using their dominance in the OTC derivatives market to force hedge funds to put up more cash collateral while Goldman and JPM put up less of their own. This is generating billions of dollars in cheap funding for the two firms.
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  • Mar. 15, 2010, 3:33 PM
    Credit card delinquency rates slip or hold steady at five major U.S. lenders: Capital One (COF), Bank of America (BAC), JPMorgan Chase (JPM), American Express (AXP) and Discover (DFS). It would be nice to believe that fewer people are falling behind on their bills, but rates remain extremely high.
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  • Mar. 15, 2010, 8:04 AM
    Mark-to-market may be expanded to include assets such as loans, a move that would mean major changes for banks' balance sheets. For JPMorgan (JPM), BofA (BAC), Citigroup (C) and Wells Fargo (WFC), the proposal could affect $2.8T of loans, or around 40% of their total assets. Smaller banks would see an even bigger impact.
  • Mar. 15, 2010, 7:50 AM
    Financial firms are bracing themselves for regulatory reform legislation that may be much tougher than what was expected just a few weeks ago. Premarket: BAC -0.5%, C -0.8%, JPM -1%.
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  • Mar. 12, 2010, 1:02 PM
    Bankrupt Washington Mutual (WAMUQ.PK) settles with JPMorgan Chase (JPM) and the FDIC, saying it's pleased with "substantial recoveries" for creditors and that it's been vindicated for its positions in the case.
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  • Mar. 11, 2010, 4:55 PM
    More from the Lehman Brothers (LEHMQ.PK) examiner's report: JPMorgan Chase (JPM) and Citigroup (C) helped cause the illiquidity that led to Lehman's collapse. Misleading statements were certified by CEO Dick Fuld, CFO Erin Callan and others, he says. And in the deal with Barclays (BCS), a limited amount of assets were “improperly transferred to Barclays.”
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  • Mar. 11, 2010, 10:48 AM
    JPMorgan Chase (JPM) files to jump into ETFs, seeking approval for index funds tracking muni and corporate debt as well as actively managed funds. The firm already runs an ETN it acquired when it bought Bear Stearns that isn't really a true ETF.
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  • Mar. 10, 2010, 7:25 AM
    Regulators tell banks not to increase their dividends or buy back shares until there's more clarity on economic growth and regulatory changes. It's unwelcome news to investors in healthier financial firms like JPMorgan (JPM) and Goldman Sachs (GS).
  • Mar. 9, 2010, 3:22 PM
    JPMorgan Chase (JPM) analysts say that bank-owned sales as a share of total home sales will remain at current or even higher levels three years from now in more than half of the nation’s 10 largest housing markets.
  • Mar. 8, 2010, 3:33 PM
    JPMorgan Chase (JPM), through its Highbridge Capital Management subsidiary, managed $53.5B at the end of last year, making it the world’s biggest hedge-fund firm by assets, says Pensions & Investments magazine. But despite all its successes, shares still trade at roughly book value.
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  • Mar. 8, 2010, 10:16 AM
    Goldman Sachs' (GS) list of the 10 most-loved hedge fund stocks: Apple (AAPL), Pfizer (PFE), Bank of America (BAC), Google (GOOG), JPMorgan Chase (JPM), Microsoft (MSFT), Mastercard (MA), Directv (DTV), Wells Fargo (WFC), CVS Caremark (CVS).
  • Mar. 8, 2010, 8:45 AM
    RBS (RBS) is the latest foreign bank to try to get a securities license in China, apparently applying for regulatory approval after signing a JV deal with a local securities partner. JPMorgan (JPM) and Barclays (BCS) are trying to do likewise.
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  • Mar. 5, 2010, 8:27 AM
    Fannie Mae (FNM) and Freddie Mac (FRE) may force lenders - including Bank of America (BAC), JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C) to buy back soured home loans at a potential loss of $7B. FBR's Paul Miller: "If you want to originate mortgages and keep that pipeline running, you have to deal with the pushbacks. It doesn't matter how much you hate Fannie and Freddie."
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  • Mar. 4, 2010, 9:39 AM
    JPMorgan Chase (JPM) was tops in fees for 2009 among investment bankers at $4.9B. Citigroup (C) no. 2 in fees and no. 1 in M&A. Morgan Stanley (MS) made a powerful comeback, taking in $4.3B in fees last year. Total fees for all firms rose 13% to $59.8B.
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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