Jpmorgan chase Stories
Facebook IPO: Biggest Tech IPO Ever Soars 10% But Closes With A Whimper
Shares of Facebook (Nasdaq: FB), the No. 1 social network that raised $16 billion in its initial public offering, the biggest in Internet history, soared more than 10 percent but closed up by only a fraction.
Facebook IPO: Watch Mark Zuckerberg Ring The Nasdaq Bell Live Online
The moment is finally here: Facebook, the world's most dominant social network with 900 million-plus users, is finally ready to make its Wall Street debut. Zuckerberg will ring the opening bell at 9:30 a.m. ET, but since he will be broadcasting from Facebook remotely, NASDAQ has provided a way to watch all the proceedings occur live.
Facebook IPO: After The Billion Dollar Flotation, More Acquisitions And A Richer Zuckerberg
It's Friday, May 18 and the world's largest social network, Facebook Inc., enters the market raising a whooping $16 billion in one of the biggest initial public offerings in the US history. What makes it even more eye-popping is the amount the company is now valued at - $104.2 billion.
Pre-Market Movers (Osiris Therapeutics, Morgan Stanley, Salesforce.com, First Solar, Banco Santander, ACADIA, Aruba Networks, Carnival Corp.)
The companies whose shares are moving in pre-market trading on Friday are: ACADIA Pharmaceuticals, Osiris Therapeutics, Morgan Stanley, Salesforce.com, Banco Santander, First Solar, JPMorgan Chase, Aruba Networks, Tata Motors and Carnival Corp.
JPMorgan's Dimon Says He'll Testify Before Congress
JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to be reined in by regulators or new laws.
Facebook Prices IPO Shares At $38; Values Company At Record $104 Billion
Facebook (Nasdaq: FB), the No. 1 social network, raised $16 billion in its initial public offering, the biggest in Internet history, valuing its shares at $38.
Spain, Greece Spur Fear, Boosting US Dollar, Bonds: Daily Markets Wrap
European stocks lost big Thursday as Greek banks were cut loose from European Central Bank support and Spain's borrowing costs kept skyrocketing. The head of the International Monetary Fund, Christine Lagarde, also warned today of the extremely expensive consequences of Greece leaving the currency bloc.
US Senate Banking Committee To Ask Dimon To Testify
JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday.
29 Largest Banks May Need $566 Billion More For Basel III: Fitch
The world's 29 largest banks will need an extra $566 billion to comply with Basel III capital rules by the end of 2018, which could dampen their ability to increase dividends and buy back shares, according to Fitch Ratings.
Facebook IPO: How To Buy Stock Shares, But Why It's Okay If You Don't Succeed
One of the biggest and most anticipated IPOs of the year, quite possibly the decade, is ready to hit Wall Street tomorrow, but if you're thinking about buying shares, you're not alone. Not in the least. If you're looking to get a piece of the stock, we're here to help you. But be warned: It will not be easy.
Pre-Market Movers (Wal-Mart, Electronic Arts, Limited Brands, JP Morgan Chase, JC Penney, Herbalife, Millennial Media)
The companies whose shares are moving in pre-market trade Thursday are: Millennial Media, Herbalife, Ctrip.com International, Cameco Corp, J.C. Penney, Wal-Mart Stores, Wal-Mart Stores, Limited Brands and JPMorgan Chase & Co.
JPMorgan's 'London Whale' To Be Gone By Year-End: Report
Bruno Iksil, the trader behind the $2-billion-and-counting loss at New York-based banking giant JPMorgan Chase and Co. (NYSE: JPM) that has been the talk of New York and Washington for the past few days, will be leaving the bank within the year, the New York Times' Dealbook blog reported Wednesday.
JPMorgan Slapped With Shareholder Suits Over $2B Trading Loss
JPMorgan's $2 billion trading loss makes the financial giant an easy target for shareholder lawsuits.
Facebook IPO: Why Did Underwriters Boost Its Value?
A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.
First Facebook Trade At $38? Not If History Has A Vote
Facebook (Nasdaq: FB), the No. 1 social network, has decided to pitch its initial public offering of 421 million shares at $38, which could raise as much as $18.1 billion, assuming ?over-allotment options.
Huge Demand Prompts Facebook To Sell More Shares In IPO
Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.
Stock index Futures Point To More Losses
Stock index futures pointed to a lower opening on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones down around 0.1 percent, while the Nasdaq 100 fell 0.4 percent at 4:10 a.m. EDT.
FBI Launches Investigation Of JPMorgan Trading Losses
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
Facebook?s IPO: Shares Upped, Value Could Be $104 Billion
Facebook (Nasdaq: FB), the No. 1 social network, announced that it would increase the number of shares in its initial public offering, price them higher and value the company at as much as $104 billion.
Pre-Market Movers (Acadia Pharmaceuticals, Infosys, UBS AG, JPMorgan Chase, Avon, Home Depot, Nokia)
The companies whose shares are moving in pre-market trade Tuesday are: Acadia Pharmaceuticals Inc, Infosys Ltd, UBS AG, JPMorgan Chase & Co, Avon Products, Inc, The Home Depot, Inc and Nokia Corporation.
JPMorgan Board Stands By Dimon; Fed Joins Probe Of Loss
As the leader of JPMorgan Chase & Co's hedging unit quit after trading losses that could end up exceeding $3 billion, the board seemed to be rallying behind CEO Jamie Dimon before the huge bank's annual shareholder meeting Tuesday.
Europe Uneasiness Endures, China Frees Up Cash: Daily Markets Wrap
Political discord in Greece, voters punishing German Chancellor Angela Merkel's Christian Democrats, lower euro zone manufacturing output and China freeing up cash for lending all contributed to a global stocks slide as investors pursued the safe havens of government debt and the dollar.
Bank Stocks Hit By Panic Selling On Greece Crisis, JPMorgan Losses
Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece might be a prelude to that country to leave the 17-member euro zone.
US Stock Futures Signal Lower Start Monday
U.S. stock index futures pointed to a lower open on Wall Street on Monday, with S&P 500 futures down 1 percent and contracts for the Dow Jones and Nasdaq 100 down 0.9 percent.
Pre-Market Movers (JPMorgan Chase, Alcoa, Avon, Symantec, Micron Technology, Chesapeake Energy, Schlumberger, Herbalife)
The companies whose shares are moving in pre-market trade Monday are: Acadia Pharmaceuticals, Avon Products, Chesapeake Energy Corp, Micron Technology, Ancestry.com, Herbalife Ltd, Schlumberger, Symantec Corp, JPMorgan Chase and Alcoa Inc.
Wall Street To Slide, S&P 500 Faces Key Test
U.S. stock index futures fell sharply on Monday, tracking global equity markets lower as a political impasse in Greece heightened concerns about the Europe's debt crisis as the region struggles to avoid a deepening recession.
Concho To Pay $1B For Oil And Gas Assets In Permian Basin
Concho Resources Inc. (NYSE: CXO) has agreed to acquire all the crude-oil and natural-gas assets of the Three Rivers Operating Co. and certain affiliated entities for $1 billion in cash, Concho announced Sunday.
'Greece' Is The Word In The Risk-On/Risk-Off Trade
Financial-market participants around the world have reasons for both optimism and pessimism at the dawn of this trading week. But nobody appears to care, really. Unless the reason centers on Greece -- and, by implication, the future of the euro zone.
JPMorgan Chase Exec Ina Drew Resigns, $2B Trading Debacle Claims Its First Scalp
First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.
JPMorgan CEO Jamie Dimon Issues Mea Culpa Over $2B 'Egregious Mistake'
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon offered a mea culpa on NBC's Meet The Press Sunday, saying the mammoth money-center bank was dead wrong to dismiss concerns over a series of hedges that ended up costing the company $2 billion.