Jpmorgan chase Stories
Gold Bullion Prices Surge To $1550 As Investors Return To Risk
Wholesale Gold Bullion Prices surged up by nearly $20 on Wednesday morning, reaching $1550 per ounce while stocks and commodities were flat.
BofA, JPMorgan, Wells form JV for online banking services
Bank of America Corp, JPMorgan Chase & Co and Wells Fargo & Co have teamed up to create a joint venture for online banking services.
AIG stock falls after $8.7 billion share sale
Shares of American International Group Inc fell more than 3 percent on Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of stock.
Wall Street flat as growth worry offsets oil
U.S. stocks slipped on Tuesday as a rebound in commodity prices failed to offset lingering concerns about a slowdown in manufacturing growth.
Wall Street slightly higher as commodities gain
Stocks rose modestly on Tuesday as stronger oil prices led a rebound from the previous session when stocks closed at their lowest in a month.
WaMu agrees on post-bankruptcy control: report
Washington Mutual Inc reached an agreement on Friday that would give shareholders control of the company after it exits bankruptcy, according to a report by Bloomberg News.
Mortgage mess dominates JPMorgan annual meeting
JPMorgan Chase & Co Chief Executive Jamie Dimon faced harsh questions about mortgage foreclosures at the bank's annual meeting, and he promised the company would fix what it could.
Recovery may be gathering steam: JPMorgan's Dimon
JPMorgan Chase & Co Chief Executive Jamie Dimon said the U.S. economic recovery may be gathering steam.
Citi reinstates quarterly dividend at 1 cent
Citigroup Inc declared its first dividend in more than two years on Friday, announcing it will pay a penny per share on June 17, but analysts said the bank could take a while to pay the kinds of dividends that its rivals do.
FDIC's Bair seeks higher short-term capital buffer
U.S. regulators should impose even higher capital requirements on large financial firms until they prove they can be wound down if they became insolvent, Federal Deposit Insurance Corp Chairman Sheila Bair said on Thursday.
JPMorgan denies gouging Lehman in $8.6 billion fight
JPMorgan Chase & Co urged a bankruptcy court on Tuesday to throw out Lehman Brothers Holdings' claim demanding that it hand over $8.6 billion in cash taken as collateral in the weeks before Lehman imploded in September 2008.
JPMorgan in talks with SEC to resolve probe
JPMorgan Chase & Co is in advanced talks with U.S. regulators to resolve a probe into its role in selling subprime mortgage-backed bonds in 2007, a case that highlights a rare misstep by Chief Executive Jamie Dimon.
SEC subpoenas JPMorgan over failed mortgages: report
JPMorgan Chase & Co has received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, Bloomberg said, citing a person familiar with the investigation.
Thornburg trustee sues big banks for $2.2 billion
The trustee for bankrupt Thornburg Mortgage Inc has sued Goldman Sachs, Barclays and other big banks for a combined $2.2 billion, blaming them for the former home loan company's bankruptcy.
JPMorgan to return $861 million to Lehman brokerage
JPMorgan Chase & Co agreed to return more than $800 million of assets that will be distributed to former customers of Lehman Brothers Holdings Inc's brokerage.
Morgan Stanley profit drops nearly 50 percent
Morgan Stanley's first-quarter profit dropped nearly 50 percent, hurt by a steep decline in bond trading revenue.
Wells Fargo posts falling revenue, shares drop
Wells Fargo & Co , the fourth-largest U.S. bank, posted a decline in revenue, and shares fell 4.9 percent as a bank known for outsmarting rivals turned in an average performance.
Goldman profit drops, regulations cloud outlook
Goldman Sachs Group Inc's profits fell 72 percent and one of the few businesses that performed well for the bank -- investments and trading with its own funds -- faces regulatory restrictions in the future.
Goldman results to hinge on trading performance
Goldman Sachs Group Inc is expected to report sharply lower quarterly earnings due to weak trading results and a charge for buying back preferred stock from Warren Buffett's Berkshire Hathaway.
Citi profit falls as revenue shrinks, expenses surge
Citigroup Inc's first-quarter profit fell 32 percent as shrinking loans and poor trading results pressured revenue while expenses surged.
Instant View: Citi first-quarter profit falls 32 percent
Citigroup Inc's first-quarter profit fell 32 percent, slightly beating expectations, as the bank lost less money on bad loans. The third-largest U.S. bank said it earned $3.0 billion, or 10 cents per share, down from $4.4 billion, or 15 cents per share, a year earlier. Analysts on average had expected 9 cents per share, according to Thomson Reuters I/B/E/S.
Citi profit falls 32 percent as bond trading weakens
Citigroup Inc's first-quarter profit fell 32 percent as bond trading revenue plunged and operating expenses jumped.
Citi faces weak trading, shrinking loans on recovery path
Citigroup Inc is expected to report a drop in quarterly profit and revenue on Monday, as an uncertain trading environment and weak consumer loan demand hinder its efforts to move past the financial crisis.
JPMorgan aims to double headcount in Brazil: report
JPMorgan plans to nearly double the number of its employees in Brazil to keep pace with an expanding financial market in Latin America's largest economy, the Financial Times said on Sunday.
BofA profit drops; foreclosure delays hurt bank
Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.
BofA quarterly profit drops; mortgages hurt
Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.
Futures edge lower after results from BofA, Google
Stock index futures fell slightly on Friday after Bank of America Corp reported a sharp drop in earnings, adding to investors' caution shortly after the start of the earnings season.
BofA expected to beat Street, but mortgage costs loom
Bank of America Corp is expected to report a 9 percent drop in its first quarter profit, as U.S. consumer lending contracts and the costs for collecting on mortgages continue to rise.
Groupon IPO may value company at $15-$20 billion: source
Groupon is likely to pick Goldman Sachs and Morgan Stanley to lead a second-half initial public offering that could value the fast-growing daily deals site at $15 billion to $20 billion, a source familiar with the matter said on Thursday.
JPMorgan making fewer loans but profit still surges
JPMorgan Chase & Co said its total outstanding loans shrank for the fourth consecutive quarter, raising questions about the banking industry's ability to boost profit in coming years.