Jpmorgan chase Stories
Goldman Sachs rates desk hemorrhages traders
More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.
Fund Managers Seek Freedom Not to Sell on U.S. Downgrade
Some major bond fund managers are asking their institutional clients to consider waiving strict requirements that might force mass selling of Treasury bonds if the United States loses its AAA rating.
Fortune tenders for $1 bln in debt
Fortune Brands Inc (FO.N) announced a tender offer on Thursday for up to $1 billion of debt using funds from the company's planned sale of its Acushnet golf business.
Dollar on Front Line in Debt Ceiling Battle
Fear the United States will lose its AAA credit rating or even default on its debt is driving foreigners away from U.S. assets, and the dollar is taking the biggest hit.
Can Goldman, Morgan Stanley recover moxie?
At the once-feared commodity trading arms of Goldman Sachs and Morgan Stanley, the pressure to do better in the second half of this year has never been more intense.
Top Earnings at a Glance (SLIDESHOW)
The earnings season is when a large number of publicly traded companies release their quarterly earnings reports. The earnings season is so far topping Street views at a pace above typical quarters.
Morgan Stanley set for loss
Morgan Stanley is set to report a second-quarter loss on Thursday, as costs caused by a leftover item from the financial crisis compound the effects of a weak trading environment and stubbornly high expenses.
Weak trading bites into Goldman profits
Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on its reputation as Wall Street's trading powerhouse.
Goldman's profit engine stalls; shares fall
Goldman Sachs Group Inc rattled investors with earnings that fell far short of expectations because of sharp declines in bond trading revenue, long a key source of profits for the investment bank.
Goldman profit misses badly, rattles Wall Street
Goldman Sachs Group Inc rattled investors with earnings that fell far short of analysts' estimates because of sharp declines in trading revenue.
BofA reports $8.8 billion net loss, worst ever
Bank of America Corp reported its biggest-ever quarterly loss -- $8.8 billion -- as low interest rates squeezed lending margins at the largest U.S. bank.
Instant view: Goldman's profit lower than expected
Goldman Sachs Group Inc's profit fell short of lowered market expectations as fixed income trading revenue dropped sharply.
BofA posts $8.8 billion net loss, worst ever
Bank of America Corp reported an $8.8 billion second-quarter loss, its worst ever, and posted a drop in lending margins as low interest rates weigh on the largest U.S. bank.
Goldman investors seek answers beyond dreary second-quarter
When Goldman Sachs Group Inc reports second-quarter earnings on Tuesday, investors will be keen to hear how the largest U.S. investment bank plans to make up for fast-fading fixed-income trading revenue.
BofA looks to clear up cloudy mortgage outlook
For Bank of America Corp, the mortgage issues never seem to end, which is the chief worry for investors and analysts.
JPMorgan Chase overhauls troubled mortgage unit
JPMorgan Chase & Co is putting on a kinder, gentler face as it overhauls a unit that negotiates with borrowers whose homes are headed into foreclosure.
Citi profit beats forecasts, challenges remain
Citigroup Inc's second-quarter profit jumped 24 percent as the bank lost less money than expected on bad U.S. loans.
Bank of America Shares Drop Below $10
Bank of America (BOA) shares dropped below $10 for the first time in two years on Friday.
Citigroup profit jumps 24 percent, beats forecasts
Citigroup Inc's second-quarter profit jumped 24 percent as the bank lost less money than expected on bad U.S. loans.
Instant view: Citigroup posts second quarter results
Citigroup Inc posted higher-than-expected net income in the second quarter, helped by falling credit losses.
Citi profit jumps 24 percent, beats forecasts
Citigroup Inc's second-quarter profit jumped 24 percent as the bank lost less money than expected on bad U.S. loans.
Citi has uphill climb to match strong JPM results
When Citigroup Inc reports second-quarter results on Friday, investors will scrutinize its loan book for signs that the bank is on a sustainable path to profit growth.
UBS wins review of Madoff trustee's $2.6 bln suits
UBS AG won review by a Manhattan federal judge of $2.6 billion of lawsuits brought by the trustee liquidating Bernard Madoff's firm, at least the fourth time a bank has obtained access to that court.
Ambac $1 billion subprime lawsuit vs JPMorgan revived
A New York state appeals court revived Ambac Financial Group Inc's $1 billion lawsuit against JPMorgan Chase & Co over an investment vehicle that in 2007 and 2008 suffered heavy losses from toxic subprime debt.
Wall Street flat as Fed comments offset earnings hope
Stocks were little changed on Thursday as Federal Reserve Chairman Ben Bernanke delivered congressional testimony for the second day and worries about hitting the U.S. debt ceiling dogged investors.
JPMorgan & Chase Earnings Beat Income Estimates
JPMorgan & Chase bank reported second quarter earnings Thursday. The bank's net income beat analysts' expectations.
JPMorgan quarterly profit higher, beats estimates
JPMorgan Chase & Co posted higher-than-expected quarterly profit as it wrote off fewer bad mortgages and credit card loans.
For JPMorgan, forecasts matter more than results
When JPMorgan Chase & Co reports second-quarter results on Thursday, Wall Street will care more about its forecasts than its earnings, looking for clues on the direction of the U.S. lending business.
Amazon Sells Kindle for $139, But Prepare for AT&T Ads
Amazon announced its lowest price ever for its Kindle 3G with Special Offers but it comes with a catch--you may be inundated with AT&T advertisements.
Weak 2nd Quarter Results and Employment Cuts Imminent For Wall Street
Wall Street banks are reported to post poor second quarter results this week, accounting for nearly a 20 percent drop in sales and trading revenues and prompting another round of layoffs, according to the New York Times.