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JPMorgan Chase & Co. (JPM)

  • Apr. 13, 2010, 5:29 PM
    Customers have shown surprising patience with Morgan Stanley (MS) CEO James Gorman as he tries to turn around the firm's struggling trading ops. Apparently they're willing to ignore a messy revamp as long as Gorman succeeds in creating a viable trading alternative to Goldman (GS) and JPMorgan (JPM).
    | Apr. 13, 2010, 5:29 PM | Comment!
  • Apr. 13, 2010, 3:36 PM
    Ambac (ABK -18.2%) shares pull a stunning reversal as JPMorgan Chase (JPM) analysts say they have "no value." To pay claims from mortgage guarantees, it will issue a $2B secured note and additional surplus notes that will rank ahead of common shareholders and be “materially dilutive,” the analysts say.
    | Apr. 13, 2010, 3:36 PM | 19 Comments
  • Apr. 13, 2010, 10:33 AM
    JPMorgan Chase (JPM) may show a decline in net income when it reports Q1 earnings tomorrow. Mortgage writedowns may be as high as $2.5B per quarter during 2010, compared with $8.3B in all of 2009. “The key factor for this quarter for banks will be to say reserve builds are largely behind us and the outlook for lower problem loans and loan losses have improved for the second half of the year,” one analyst says.
    | Apr. 13, 2010, 10:33 AM | 3 Comments
  • Apr. 12, 2010, 3:34 PM
    Bank of America (BAC), JPMorgan Chase (JPM) and Wells Fargo (WFC) may need to set aside an additional $30B to cover possible losses on home-equity loans, an amount almost equal to analysts’ estimates of profit at the three banks this year, CreditSights says. The process will take months, and writeoffs won’t hit financial statements until later this year.
    | Apr. 12, 2010, 3:34 PM | 7 Comments
  • Apr. 12, 2010, 7:50 AM
    BofA (BAC), JPMorgan (JPM) and Wells Fargo (WFC) could face up to $30B more in losses on home-equity loans, almost as much as analysts’ estimates of profit at the three banks this year.
    | Apr. 12, 2010, 7:50 AM | 4 Comments
  • Apr. 9, 2010, 7:35 AM
    An analysis of data released by the New York Fed shows 18 large banks (including MS, GS, JPM, BAC and C) are hiding their risk levels by temporarily lowering their debt just before reporting periods. A group of 18 banks lowered the debt used to fund trading ventures by an average of 42% at the end of each of the past five quarters, refilling their tanks in subsequent months.
    | Apr. 9, 2010, 7:35 AM | 5 Comments
  • Apr. 7, 2010, 4:18 PM
    As Congress prepares to take on financial regulation, plenty of banking executives stung by Washington's bashing are keeping a low profile - but not Jamie Dimon (JPM).
    | Apr. 7, 2010, 4:18 PM | Comment!
  • Apr. 6, 2010, 9:55 AM
    Fannie Mae (FNM) and Freddie Mac (FRE) will probably start using a clearinghouse for interest-rate swaps by year's end. The mortgage giants are among the biggest buyers of the swaps, and the move would likely hurt profits at Wall St. banks (like GS and JPM) while boosting business for exchanges (like NDAQ and CME).
    | Apr. 6, 2010, 9:55 AM | 1 Comment
  • Apr. 3, 2010, 11:09 AM
    Hawkish Thomas Hoenig of the Kansas City Fed details his dissent: He says megabanks "should be broken up" - as the big four (BAC, JPM, C, WFC) now hold assets equal to 52% of the nation's annual output. And he criticizes interest-rate policy: "When you guarantee a zero rate, you guarantee a spread to Wall Street or to others, and you encourage speculation."
    | Apr. 3, 2010, 11:09 AM | 11 Comments
  • Apr. 1, 2010, 2:52 PM
    Jamie Dimon (JPM) tells shareholders in his annual letter that he regrets issuing FDIC-backed debt and using TARP money and "it just added to the argument that all banks had been bailed out and fueled the anger directed toward banks.” He apologized for the bank’s mistakes but claimed some credit for helping to stabilize markets during the crisis. His detractors aren't buying his "self-serving" arguments.
    | Apr. 1, 2010, 2:52 PM | 2 Comments
  • Mar. 29, 2010, 7:39 AM
    The FDIC reverses its earlier support of a $1.4B tax break benefiting JPMorgan (JPM), concerned after meeting with bondholders who oppose the deal, and after last week's media reports about JPMorgan's plan.
    | Mar. 29, 2010, 7:39 AM | Comment!
  • Mar. 27, 2010, 4:30 PM
    WaMu files a bankruptcy reorganization plan, two weeks after reaching a settlement with JPMorgan (JPM) and the FDIC. A date for hearing the 521-page plan hasn't been set yet.
    | Mar. 27, 2010, 4:30 PM | 1 Comment
  • Mar. 26, 2010, 5:10 PM
    No idle move as CKX Entertainment (CKXE) jumps from a loss to an 8.8% gain in the closing minute - and is up another 4% AH, to $6.20 - as it's reportedly close to a $6/share buyout by J.P. Morgan's (JPM) private-equity unit. CKXE, owner of the "American Idol" franchise, has been subject to a back-and-forth battle for control.
    | Mar. 26, 2010, 5:10 PM | Comment!
  • Mar. 26, 2010, 10:27 AM
    More than a dozen Wall Street firms, including JPMorgan (JPM), UBS (UBS) and Lehman Brothers (LEHMQ.PK), have been accused of participating in a conspiracy to pay below-market interest rates to U.S. state and local governments on their investments. Court records provide the broadest look to date at alleged collusion in the $2.8T municipal securities market.
    | Mar. 26, 2010, 10:27 AM | 2 Comments
  • Mar. 25, 2010, 11:22 AM
    Stocks leg up after some solid news in central-region manufacturing: the Dow +0.9% to 10,931; S&P +0.9% to 1,179; Nasdaq +1.2% to 2,427. Financials pacing sectors - especially big banks (BAC +3.1%; C +4.7%; WFC +3.1%; JPM +2%).
    | Mar. 25, 2010, 11:22 AM | 2 Comments
  • Mar. 24, 2010, 7:24 AM
    A little-known provision in the economic stimulus bill may net JPMorgan (JPM) a tax refund of up to $1.4B. Hundreds of other companies have used similar measures to secure around $12B in federal tax refunds.
    | Mar. 24, 2010, 7:24 AM | 1 Comment
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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