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JPMorgan Chase & Co. (JPM)

  • Apr. 5, 2013, 7:37 AM
    JPMorgan (JPM) is upgraded to Buy with $55 price target at Evercore Partners which says the bank has the cheapest valuation among the TBTFs. Shares -0.6% premarket as the broader market looks set to tumble at the open.
    | Apr. 5, 2013, 7:37 AM | 1 Comment
  • Apr. 5, 2013, 12:45 AM
    According to WSJ, JPMorgan (JPM) has lost its chairman of Asian equity capital markets as Kester Ng, a 20-year investment banking veteran, leaves the industry. Ng worked at JPM for seven years. 
    | Apr. 5, 2013, 12:45 AM | Comment!
  • Apr. 3, 2013, 2:34 PM
    JPMorgan notches a significant legal victory, winning dismissal of 60 of 65 claims filed by Dexia accusing the House of Dimon of misleading the Belgian bank into buying more than $1.8B in troubled MBS back in the day. JPM still faces the grandaddy of suits - a claim over $33B in MBS brought by the FHFA.
    | Apr. 3, 2013, 2:34 PM | 1 Comment
  • Apr. 3, 2013, 2:11 PM
    Stocks are at session lows 2 hours before the bell, SPY -1.1%, QQQ -1%. Most sectors are lit up bright red, but financials - BAC -3.2%, JPM -2.7%, C -3.3% - lead the way down. Energy (XLE -2%) and resource stocks (XLB -1.3%) tumble along with commodity prices. Port in a storm, Apple gains 0.3%.
    | Apr. 3, 2013, 2:11 PM | Comment!
  • Apr. 1, 2013, 4:02 PM
    The bank stock rally has paused since the results of the Fed's capital-review tests, but improving underlying fundamentals continue, says Sterne Agee. Warnings about lower mortgage profits should be offset by stronger lending demand elsewhere. Favorites heading into earnings: BAC, C, JPM, KEY, PACW, PNC, BPOP, OFG.
    | Apr. 1, 2013, 4:02 PM | 7 Comments
  • Mar. 28, 2013, 4:42 PM
    JPMorgan (JPM) gets letter from CtW Investment Group calling for an overhaul of the board risk committee. CtW recommends the dismissal of three committee members including chair James Crown on the grounds they "lack professional experience relevant to overseeing risk management at a large financial institution [with] significant trading activity." 
    | Mar. 28, 2013, 4:42 PM | 3 Comments
  • Mar. 28, 2013, 7:08 AM
    The London Whale incident and credit-related fears fading, JPMorgan's (JPM) outlook is upgraded to Stable from Negative at S&P. The bank "has successfully addressed our concerns related to its Chief Investment Office losses, risk management practices, and governance issues ... missteps were isolated to the CIO unit and (the bank) has properly remediated them."
    | Mar. 28, 2013, 7:08 AM | 6 Comments
  • Mar. 27, 2013, 2:44 PM
    JPMorgan (JPM -1.8%) drags on the Dow (now down just 30 points) as the Feds are investigating whether the bank was more or less complicit with Bernie Madoff. Meanwhile, Madoff pens a letter from the clink saying banks he dealt with had to have known about his Ponzi scheme. The NYT adds it up and finds 8 federal agencies are investigating the Bank of Dimon.
    | Mar. 27, 2013, 2:44 PM | 8 Comments
  • Mar. 27, 2013, 4:05 AM
    Federal prosecutors are reportedly investigating whether JPMorgan (JPM) breached the law by not fully alerting authorities about suspicions related to Bernard Madoff. The probe adds to several others JPMorgan is facing, with eight federal agencies investigating the company. In April, the FBI and other authorities are due to interview executives, including CEO Jamie Dimon, about whether JPMorgan misled investors and regulators over the London Whaling loss.
    | Mar. 27, 2013, 4:05 AM | 5 Comments
  • Mar. 25, 2013, 1:45 PM
    JPMorgan's (JPM) new private-label RMBS - its first since the crisis - likely wouldn't earn a AAA, says Moody's. The move is part of a continuing battle between issuers and insurers over who should bear the losses for bad loans. Fitch and DBRS have blessed the paper with a AAA. The only other RMBS issuer of note since the crisis - Redwood Trust (RWT) - remains en fuego.
    | Mar. 25, 2013, 1:45 PM | Comment!
  • Mar. 22, 2013, 3:26 PM
    The board of JPMorgan (JPM) "strongly endorses the continued role of Jamie Dimon as both Chairman and CEO." Dimon's salary, bonus, and stock option awards totalled $18.7M last year, down from $23.1M in 2011.
    | Mar. 22, 2013, 3:26 PM | 1 Comment
  • Mar. 20, 2013, 4:20 PM
    JPMorgan (JPM) issues its first post-crisis private-label RMBS deal, a $616.3M package, with all tranches rating AAA by Fitch. Mortgages issued by the bank itself make up 48% of the security and the weighted average of the credit scores is 768. One concern noted by Fitch is high geographic concentration - more than 50% of the properties are in California.
    | Mar. 20, 2013, 4:20 PM | Comment!
  • Mar. 20, 2013, 4:20 AM
    The Office of the Comptroller of the Currency reportedly downgraded JPMorgan's (JPM) management in the summer to "3" from "2" in a confidential scorecard - although clearly not all that confidential - following the $6B London Whaling Loss. The scale of the grading is 1-5, with three signifying that "the capabilities of management or the board of directors may be insufficient." JPM expressed surprised at the downgrade and promptly reshuffled its execs.
    | Mar. 20, 2013, 4:20 AM | 1 Comment
  • Mar. 20, 2013, 3:56 AM
    Freddie Mac (FMCC.OB) has sued Bank of America (BAC) JPMorgan (JPM), Citigroup (C) and 12 other major banks for losses caused by the manipulation of the Libor rate. Freddie, which invested in mortgage bonds and swaps tied to U.S. dollar Libor, is seeking a whole gamut of damages for what it sees as fraud, antitrust violations and breach of contract. The FHFA has already calculated that Freddie and Fannie Mae lost $3B in total because of the Libor manipulation.
    | Mar. 20, 2013, 3:56 AM | 11 Comments
  • Mar. 20, 2013, 3:44 AM
    JPMorgan (JPM), one of MF Global's primary clearing banks, has reached a $546M settlement with James Giddens, the trustee who is overseeing the liquidation of the brokerage. Under the deal, JPM will pay MF $129M and release claims on $417M that it had already returned to Giddens. Meanwhile, the trustee plans to request court authorization for payments of $300M to former MF customers.
    | Mar. 20, 2013, 3:44 AM | 1 Comment
  • Mar. 19, 2013, 5:18 PM
    JPMorgan Chase & Co. (JPM) declares dividend of $0.30/share for Q1, in line with previous. Forward yield 2.44%. For shareholders of record Apr. 05. Payable Apr. 30. Ex-div date Apr. 03. The board has declared to raise quarterly to $0.38/share effective 2Q, representing an annual dividend of 3.10%. (PR)
    | Mar. 19, 2013, 5:18 PM | 2 Comments
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