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JPMorgan Chase & Co. (JPM)

- NYSE
  • Jan. 16, 2013, 7:19 AM
    More on JPMorgan (JPM) Q4 earnings: Net deposit margin of 2.44% vs. 2.56% last quarter, 2.76% a year ago. Consumer and Business banking revenues +10.4% Y/Y, mostly from mortgage banking where revenue was up about 50%. Investment Bank revenue +21% Y/Y, including a $567M DVA loss. Allowance for credit losses cut by $700M (total income of $5.7B). Tier 1 capital ratio of 11%, up from 10.4% in Q3. Shares -1.5% premarket. (PR)
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  • Jan. 16, 2013, 7:02 AM
    JPMorgan Chase (JPM): Q4 EPS of $1.39 beats by $0.18. Revenue of $24.4B misses by $0.16B. (PR)
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  • Jan. 16, 2013, 3:15 AM
    Ahead of its Q4 results today, JPMorgan's (JPM) board has reportedly voted to release an internal report about the bank's $6.2B London Whaling loss. The study criticizes JPM's lax supervision and risk controls, as well as CEO Jamie Dimon, former CFO Douglas Braunstein and other execs. Some at JPM are wary of publishing the report, as it could provide ammunition to plaintiff lawyers, although Dimon argued for its release. (Previously)
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  • Jan. 16, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: BK, CMA, FRC, GS, JPM, MTB, NTRS, SCHW, USB, WEN
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  • Jan. 15, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: BK, CMA, FRC, GS, JPM, MTB, NTRS, SCHW, USB, WEN
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  • Jan. 14, 2013, 4:10 PM
    Alnylam Pharmaceuticals (ALNY) announces a secondary offering of approximately $125M. All of the shares in the offering are to be sold by Alnylam. JPMorgan (JPM) and Morgan Stanley (MS) are acting as joint book-runners.
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  • Jan. 14, 2013, 1:05 PM
    JPMorgan (JPM) tells clients it will no longer ask for their votes in the annual Euromoney foreign exchange poll - the Oscars for the fx crowd, if you will. The move comes after the bank fell out of the top 5 last year. "The annual poll has become too time-consuming (for clients) with no tangible benefit to them," says the bank's global rates chief.
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  • Jan. 14, 2013, 7:47 AM
    Wells Fargo (WFC) is cut to Hold at Oppenheimer, the firm making a valuation call, and saying there's more upside in names likes Citigroup (C), JPMorgan (JPM), Morgan Stanley (MS), and KKR. Wells -0.5% premarket.
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  • Jan. 13, 2013, 3:36 AM
    JPMorgan's (JPM) board will reportedly consider on Tuesday whether to release an internal report about the bank's $6.2B London Whaling loss when it publishes its Q4 results on Wednesday. The report criticizes CEO Jamie Dimon, former CFO Doug Braunstein, ex-CIO Ina Drew and others for the fiasco, for which Dimon and fellow executives could lose their 2012 bonuses.
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  • Jan. 11, 2013, 6:30 AM
    Regulators will reportedly issue a cease-and-desist order to JPMorgan (JPM) today requiring the bank to correct weaknesses with the way it monitors problematic cash flows and improve its compliance. However, the bank is expected to escape receiving a fine, unlike HSBC and Standard Chartered, which were hit with massive penalties for allowing money laundering and other sins.
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  • Jan. 10, 2013, 4:24 AM
    JPMorgan's (JPM) share of the $8.5B settlement over foreclosure abuse between 10 banks and regulators is $2B, with the company saying it will take a $700M pretax charge in its Q4 results. The charge shows how banks pushed to close the deal so they could include the costs in their upcoming reports using "subsequent-events" accounting rules, allowing them to start 2013 with a cleaner slate.
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  • Jan. 9, 2013, 1:05 PM
    JPMorgan (JPM) joins Goldman, announcing it will begin daily disclosure of money-market fund values. The move, says the bank, is to provide greater transparency to investors, but does not change the funds' objective to maintain a $1 NAV.
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  • Jan. 9, 2013, 12:21 PM
    More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in expenses this year, better than the firm expectation of 10%, say the CS analysts, as the MSR sales won't begin impacting costs until 2014. Better values in the big bank sector are C, JPM, and USB.
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  • Jan. 8, 2013, 6:15 PM
    Goldman Sachs' 23 best stocks for fat dividends and big buybacks: AIZ, UFS, VR, CCE, WYN, HFC, LOW, AMP, MPC, NSC, AXS, FITB, AMAT, PFE, JPM, DELL, RSG, PRU, BLK, CSX, GLW, TRV, CMCSA.
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  • Jan. 8, 2013, 2:46 PM
    The revolving door spins and out steps Securities Industry and Financial Markets CEO Tim Ryan, who is named to run JPMorgan's (JPM) global regulatory strategy and policy. It's Ryan's second stint at the bank, where he was an executive before leaving to join SIFMA in 2008. Prior to JPMorgan, Ryan ran the Office of Thrift Supervision.
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  • Jan. 8, 2013, 11:30 AM
    Former JPMorgan Investment Banking chief Jes Staley parachutes into BlueMountain Capital, whose co-founder is a former JPM executive. BlueMountain gained more than 10% in 2012, partly on the profits it made taking the other side of JPMorgan's "London Whale" trades. Staley lost his job at the bank because of those trades. Can't make this stuff up.
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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