Seeking Alpha

JPMorgan Chase & Co. (JPM)

  • Feb. 22, 2010, 3:12 PM
    Dow leaders: BAC +2.9%. JPM +2.5%. BA +1%. GE +0.8%. HD +0.8%.
    Dow laggards: CVX -1.2%. MRK -0.9%. MMM -0.7%. JNJ -0.5%.
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  • Feb. 22, 2010, 9:57 AM
    Dow leaders: BAC +0.9%. JPM +0.9%. HD +0.9%. CAT +0.4%. PFE +0.4%.
    Dow laggards: KFT -0.6%. XOM -0.5%. UTX -0.45%.
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  • Feb. 20, 2010, 1:47 PM
    Judge Jed Rakoff slams JPMorgan (JPM) for participating in a "down right sham" in the way it arranged a $225M loan for Mexican telecom Empresas Cablevision (TV). The loan structure would have allowed Carlos Slims' Telmex (TII), a major Cablevision rival, to access confidential company information.
  • Feb. 19, 2010, 3:12 PM
    Dow leaders: PFE +1.7%. DD +1.3%. BA +1.1%. DIS +0.8%.
    Dow laggards: JPM -0.9%. MSFT -0.7%. T -0.6%. IBM -0.5%.
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  • Feb. 19, 2010, 9:57 AM
    Dow laggards: GE -1.1%. AA -1.0%. KO -1.0%. JNJ -0.9%. JPM -0.9%
    Dow leaders: PFE +0.8%. DIS +0.6%. UTX +0.6%.
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  • Feb. 18, 2010, 1:16 PM
    How JPMorgan Chase (JPM) treats its clients: "scandalously and in bad faith," says Felix Salmon, who describes how it tried to hand over secrets from Grupo Televisa (TV) to its biggest rival.
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  • Feb. 18, 2010, 11:30 AM
    Tuesday's explosion at J.P. Morgan's (JPM) Athens HQ is symbolic of the ticking time bomb that again threatens to shatter world markets, David Weidner says. Regulators remain ill-equipped to handle systemically risky firms. "Our shadow government - the financial industrial complex - is our potential Greece."
  • Feb. 18, 2010, 10:00 AM
    Dow leaders: TRV +1.0%. UTX +0.9%. BA +0.9%. BAC +0.7%. HPQ +0.7%.
    Dow laggards: WMT -1.4%. CSCO -0.1%. JPM -0.1%.
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  • Feb. 17, 2010, 8:55 AM
    Major banks (including BAC, WFC, JPM, C) stuck with souring mortgages are turning to "short sales," deals that let homeowners settle debts by selling their properties for less than the mortgage value. Short sales are expected to climb along with foreclosures.
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  • Feb. 16, 2010, 1:40 PM
    Reports say a bomb explodes outside the J.P. Morgan (JPM) offices in Athens; no reports of injuries.
  • Feb. 16, 2010, 12:18 PM
    Banks are holding as much as $1.29T in cash, and their ratio of cash to existing corporate loans has more than quadrupled, from $0.21 for every dollar to a record $0.98. Citigroup's (C) cash hoard of $193B equals $1.15 for each dollar of corporate loans; it's $1.08 per dollar at JPMorgan Chase (JPM), $0.64 at Bank of America (BAC).
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  • Feb. 16, 2010, 9:41 AM
    Customer satisfaction with banks was unchanged in Q4, but was quite turbulent for individual banks, according to the American Consumer Satisfaction Index. Scores for small banks and credit unions topped the industry, as usual, but some large banks, such as JPMorgan Chase (JPM) and Bank of America (BAC), plummeted. Scores for health insurance firms improved more than any other industry.
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  • Feb. 16, 2010, 8:20 AM
    The Fed is holding heavy paper losses on the real estate portfolio it acquired when it helped JPMorgan (JPM) buy Bear Stearns, reports the FT. At the time, the assets had a face value of $8.4B with an estimated worth of $7.7B; as of September, they'd been marked down to $4B.
  • Feb. 16, 2010, 7:54 AM
    As expected, JPMorgan (JPM +0.8%) will buy RBS Sempra's (RBS +4.7%, SRE) global oil, global metals and European power and gas assets. JPMorgan is expected to pay $1.7B; the final purchase price will be determined at the deal's closing which will likely be in Q2 2010. (PR)
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  • Feb. 16, 2010, 7:27 AM
    JPMorgan (JPM) is expected to announce as soon as today that it's buying parts of RBS Sempra's (RBS, SRE) energy-trading unit for $1.7B. Notably, JPMorgan  sidestepped the more valuable North American pieces of RBS Sempra Commodities on proprietary trading concerns.
  • Feb. 10, 2010, 11:39 AM
    So just what is the exposure of U.S. banks to debt in Greece and other weak European countries? "Modest," says Barclays: 73 large U.S. banks have exposure of $82B to Ireland, $68B to Spain, $18B to Greece, $8B to Portugal - roughly 5% of their total foreign exposure. Citing annual reports, JPMorgan Chase (JPM) has $18.4B in exposure to Spain, while BNY Mellon (BK) has $2.3B to Ireland.
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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