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JPMorgan Chase & Co. (JPM)

  • 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. 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.
  • 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.
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  • 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.
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  • 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.
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  • 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. 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. 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.
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  • Mar. 22, 2010, 12:42 PM
    Government paymaster Kenneth Feinberg will review compensation for the top 25 execs at big investment banks (including GS, JPM, MS) and may try to renegotiate some payments. (WSJ)
  • 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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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