Jpmorgan chase Stories
S African mining rules to lift platinum, palladium
In an obvious hint to the imminent platinum and palladium supply woes, the JPMorgan Chase said that the metals will witness a huge rise in prices due to the concerns over implementing changes to mining rules in South Africa, which is the largest producer of the metals.
Concern about rule changes intensified in recent weeks as Kumba Iron Ore and Lonmin said the government had deprived them of mining rights. The ANC is preparing to discuss mine nationalisation at a congress next month.
U.S. credit card losses fall more than expected
Fewer Americans fell behind on their credit card payments than expected in July, as consumers coped better with their debt, but the drop in delinquencies to their lowest levels so far this year doesn't suggest a recovery in spending, analysts said.
Credit card losses fall more than expected
Fewer Americans fell behind on their credit card payments in July, major credit card lenders said, bringing delinquencies to their lowest levels so far this year.
BofA, Citi added as lead GM IPO underwriters: sources
General Motors Co has added Bank of America Merrill Lynch and Citigroup Inc to the slate of its lead underwriters for its initial public offering
JPMorgan sees small impact from capital reform
JPMorgan Chase & Co expects a measure of its capital strength to fall slightly under the latest proposals from banking supervisors, according to a quarterly filing with regulators.
Cuomo opens probe into healthcare kickbacks
New York's attorney general said on Wednesday he has opened a probe into possible predatory lending and kickbacks in the healthcare industry.
Global IPO proceeds hit pre 2008 crisis levels
Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data.
Wall Street set to jump on earnings optimism
Wall Street was poised to open about 1 percent higher on Monday, building on last month's solid gains as investors focused on encouraging corporate results, including strong bank earnings out of Europe.
WaMu gets ex-DOJ official as bankruptcy examiner
Joshua Hochberg, a former top official in a U.S. Department of Justice criminal fraud unit, has been appointed to examine the bankruptcy of Washington Mutual Inc , the largest U.S. banking failure.
Pay czar names 17 firms for ill-advised pay
Seventeen financial firms made ill-advised payments to executives totaling $1.6 billion while taxpayers were bailing them out, U.S. pay czar Kenneth Feinberg said on Friday.
Goldman coughs up counterparties on AIG hedge
Morgan Stanley , Citigroup and JPMorgan Chase were among banks that sold Goldman Sachs protection against the risk of a collapse of giant insurer American International Group , a source familiar with the matter said on Friday.
Morgan Stanley lifted by new business
Has Morgan Stanley finally turned the corner? It's starting to look that way.
Wells, U.S. Bancorp see some recovery
Wells Fargo & Co and US Bancorp, two of the largest banks in the United States, said rising loan demand helped lift their earnings more than analysts had expected.
JPMorgan's Dimon not invited to U.S. bill signing
On Wednesday, JPMorgan Chase & Co Chief Executive Jamie Dimon will be left out in the cold.
U.S. bank results portend investment bank woes
It was a quarter that left investment banking businesses, the once-vaunted profit engines of Wall Street, sputtering.
Bank of America, Citi results show hurdles ahead
Bank of America and Citigroup shares fell as the banks' results highlighted the sluggishness of the U.S. economic recovery and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
Bank of America and Citi results show hurdles ahead
Bank of America and Citigroup shares fell as the banks' results highlighted the stagnant U.S. economy and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
RealD, Qlik rally IPO market
Shares in RealD Inc , whose 3D technology was used to help make the movie Avatar, opened more than 22 percent above their initial public offering price on Friday and shares of business software maker Qlik Technologies Inc opened 20 percent higher.
Corrected: BofA, Citi results show loan demand lackluster
(Corrects year-earlier Bank of America profit to $3.2 billion in third paragraph from bottom)
BofA, Citi results show loan demand lackluster
(Corrects year-earlier Bank of America profit to $3.2 billion in third paragraph from bottom)
JPMorgan beats Street
JPMorgan Chase & Co posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans in the second quarter, but executives warned they were uncertain about the economic outlook for the rest of the year.
JPMorgan took more risk in Q2 commodities
JPMorgan Chase & Co raised its commodity trading risk in the second quarter, the first time in nine months, but earned less from the sector as prices fell and the bank lost out on a large coal bet.
Wall St drops 1 percent after data stirs deflation worry
U.S. stocks fell on Thursday on anemic economic data that overshadowed solid earnings results from banking bellwether JPMorgan Chase & Co .
JPMorgan beats expectations as loan loss reserve cut
JPMorgan Chase & Co posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans, but its shares dropped as investors fretted about management's sober assessment of the economy.
Stocks down 1 percent as data overshadows JPMorgan
Stocks fell 1 percent on Thursday, with Dow and Nasdaq seven-day winning streaks on the line, as anemic economic data overshadowed better-than-expected quarterly profits from JPMorgan Chase & Co .
Futures point to higher open after JPMorgan, data
U.S. stock index futures pointed to a higher open on Thursday as JPMorgan Chase & Co reported better-than-expected earnings and initial jobless claims fell to their lowest level in nearly two years.
JPMorgan Q2 earnings beat as loan loss reserve cut
JPMorgan Chase & Co posted higher second-quarter earnings on Thursday, beating analysts' expectations, after setting aside less money for loan losses.
JPMorgan results lift futures ahead of data
Stock index futures were higher on Thursday after better-than-expected quarterly profits from JPMorgan Chase & Co allayed concerns about the strength of the financial sector.
JPMorgan earnings rise
JPMorgan Chase & Co posted higher second-quarter earnings on Thursday after setting aside less money for loan losses.
Futures point to lower open for Wall Street
Wall Street is set to open lower on Thursday, with economic growth worries flagged up by the Federal Reserve and by Chinese data, and with investors eyeing results from JP Morgan as the second-quarter earnings season gathers pace.