Jpmorgan chase Stories
Volcker to urge curbing risky trading by big banks
White House economics adviser Paul Volcker will urge Congress on Tuesday to rein in risky investing by big banks to help prevent them becoming too big to fail, according to testimony obtained by Reuters.
Stocks advance on industrials, JPMorgan
Stocks rose to session highs on Tuesday as investors scooped up shares of big manufacturers, energy companies and major banks, including JPMorgan Chase .
JPMorgan in talks to carve up RBS Sempra: sources
JPMorgan Chase and Sempra Energy may carve up commodities venture RBS Sempra, people familiar with the matter said, as pressure on U.S. banks to limit proprietary trading forces JPMorgan to rethink its plans.
JPMorgan may not take all of RBS Sempra: source
JPMorgan Chase is rethinking its purchase of RBS Sempra and could pick up only the joint venture's oil operations and all the non-U.S. businesses, a source familiar with the matter said.
BofA CEO to get 2010 base pay of $950,000: source
Bank of America Corp's new chief executive, Brian Moynihan, will receive a base salary of $950,000 this year, according to a source familiar with his employment agreement.
Stock market recovers after FOMC statement, financials gain
The S&P 500 Index closed higher today, adding 5.33 points or 0.49 percent. It recovered to 1,097.50 from a downward spike minutes after the FOMC statement that took the index to a low of 1,083.11.
Obama threatens fight with banks on new risk rules
President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.
Wall St tumbles on Obama banking proposal
Wall Street tumbled on Thursday after President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.
JPMorgan in exclusive talks on RBS Sempra: sources
JPMorgan Chase is in exclusive talks to buy the RBS Sempra commodities joint venture, people familiar with the matter said on Wednesday, in a deal expected to be worth about $4 billion.
Stocks set for lower open on bank unease
U.S. stocks were poised for a lower open on Wednesday on reports of bank lending restrictions in China and as quarterly results from three big U.S. banks raised uneasiness about the state of the sector.
Stock futures drop on bank earnings jitters
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China and as quarterly results from a host of U.S. banks increased uneasiness about the state of financial companies.
Stock futures slide on unease over bank earnings
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China as earnings reports from a host of U.S. banks increased uneasiness about the state of financial companies.
Citigroup loss narrows, loans seem to stabilize
Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday, but the bank's shares rose as declining loan losses raised hopes that the worst might soon be over.
Analysts expect BofA loss amid credit, TARP
Bank of America Corp likely will post another loss when it reports fourth-quarter earnings on Wednesday, as banks continue to grapple with their problems loans and a weak economy.
Goldman, Morgan Stanley payouts hog the spotlight
Longtime rivals Morgan Stanley and Goldman Sachs Group Inc find themselves on different ends of the pay debate as the surviving Wall Street titans prepare to disclose their fourth-quarter results.
Citigroup Q4 loss narrows, loans seem to stabilize
Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday after recording big charges linked to repaying government funds and bad loans.
Stocks rise on healthcare, McDonald's upgrade
U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy.
Citigroup Q4 loss narrows
Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.
Stocks rises on healthcare, McDonald's upgrade
U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy.
Citigroup Q4 hit by bailout cost
Citigroup Inc posted a fourth-quarter loss of $7.6 billion after taking charges linked to repaying government bailout funds.
Stocks set for weaker open after Citi results
U.S. stocks were poised for a slightly weaker open on Tuesday after quarterly results from Citigroup Inc led to concern about the quality of financial sector earnings as reporting season ramps up.
Citigroup posts $7.6 billion Q4 loss
Citigroup Inc posted a fourth-quarter loss of $7.6 billion after taking charges linked to repaying government funds.
S&P 500 lower for the week on renewed economic concerns
Despite better than expected JPMorgan earnings, the S&P 500 index dropped 12.43 points, or -1.08%, to trade at 1136.03 after weak economic data on the retail sector.
JPMorgan loan losses overshadow higher Q4 profit
JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.
Wall St stumbles on JPMorgan, economic data
U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses and raised concerns about bank profits.
JPMorgan, consumer sentiment batter market
U.S. stocks slid from 15-month highs on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.
JPMorgan investment bankers to see record payday
JPMorgan Chase & Co on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors like Goldman Sachs Group Inc to also make eye-popping payouts.
Wall Street falls as JPMorgan results pressure banks
U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.
Wall St falls as JPMorgan results pressure banks
U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.
JPMorgan retail deposits, credit card sales down from 3Q
JPMorgan Chase & Co's average deposits were $329.8 billion last quarter, down 3% quarter-on-quarter and down 3% year-on-year, despite increasing both its number of branches and checking accounts from last quarter.