Jpmorgan chase Stories
Fed data shows big losses on Bear Stearns deal
The U.S. Federal Reserve lifted the lid on its efforts to shore up the financial system on Thursday, and in the process, showed a $3 billion loss on the books from its deal to rescue investment bank Bear Stearns.
U.S. officials on bank 'stress test' tightrope
U.S. officials testing the health of the nation's top banks must walk a tightrope when they disclose the exams' results: The scrutiny must be tough enough to be credible, but not so harsh as to rattle an already shaken system.
Treasury raises offer to Chrysler lenders: sources
The Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt, labor costs and reach an alliance with Italy's Fiat SpA, sources said on Wednesday.
Morgan Stanley posts loss, slashes dividend
Morgan Stanley posted a wider-than-expected quarterly loss on Wednesday and slashed its dividend as real estate investment losses and a debt-related charge wiped out strong trading and banking fees.
U.S. Bancorp posts higher-than-expected profit
U.S. Bancorp , one of the 10 largest U.S. banks, reported higher-than-expected quarterly earnings on Tuesday on record revenue from mortgages, sending its shares up almost 21 percent.
Wall St gains as banks lifted by Geithner remarks
Stocks rose on Tuesday after Treasury Secretary Timothy Geithner indicated most banks have sufficient reserves to protect against possible losses, sparking a rebound in bank shares.
Bank of America net up, shares sink on bad loans
A surge of troubled loans overshadowed better-than-expected earnings at Bank of America Corp, and the largest U.S. bank said it expects the credit situation to worsen, driving its shares down 24.3 percent.
Bank of America profit rises, credit quality sours
A surge in troubled loans overshadowed better-than-expected earnings at Bank of America Corp, and the largest U.S. bank expects the credit situation to worsen, driving its shares down 17 percent.
Earnings deluge may stall Wall Street rally
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Earnings deluge may stall rally
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Wall St Week Ahead: Earnings deluge may stall rally
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Earnings deluge may swamp stock rally
A torrent of earnings threatens to swamp Wall Street's impressive rally next week, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Citigroup results top forecasts
Citigroup reported better-than-expected results as an accounting benefit for distressed companies, cost-cutting and improved trading results helped offset red ink from consumer lending and credit cards.
U.S. banks, lawmakers narrow cramdown terms: sources
Leading Democratic senators and three of the largest U.S. banks are narrowing the scope of legislation that could let troubled homeowners avoid foreclosure through bankruptcy courts, several sources familiar with the negotiations said.
Citigroup loss smaller than expected
Citigroup Inc reported a smaller-than-expected first-quarter loss for shareholders as cost-cutting and improved results in investment banking and trading helped to offset red ink from consumer lending and credit cards.
Citigroup loss is smaller than expected
Citigroup Inc reported a smaller-than-expected first-quarter loss for shareholders as cost-cutting and improved investment banking and trading results helped offset red ink from consumer banking and credit cards.
Citigroup posts smaller loss; shares surge
Citigroup Inc said cost-cutting and improved results from investment banking and trading led to a substantially smaller first-quarter loss, despite a big increase in credit costs from consumer banking and credit cards.
Futures flat after Citigroup, GE results
U.S. stock index futures were flat to lower after shares of Citigroup and General Electric edged higher following quarterly results from both Dow components.
Corporate results support stocks, outlook foggy
Asian stocks rose on Friday after results from JPMorgan and Google kept shares on track for a sixth week of gains, while the euro fell to a one-month low on uncertainty over what non-standard policy action the European Central Bank will enact.
White House to meet with credit card execs: sources
Top executives of credit card companies will meet Obama administration officials next Thursday at the White House, as the industry faces the possibility of legislation aimed at curbing deceptive practices, sources familiar with the plans said.
JPMorgan shares up after profit tops view
JPMorgan Chase & Co posted better-than-expected quarterly profit, demonstrating the kind of resilience that allowed Chief Executive Jamie Dimon to assert the bank could pay back the government $25 billion immediately.
JPMorgan results, tech optimism lift Wall Street
Stocks rose on Thursday as JPMorgan's better-than-expected profit added to optimism about bank stabilization, while expectations of reassuring technology results boosted bellwethers like Hewlett-Packard and Google Inc .
JPMorgan results plus techs lift S&P and Nasdaq
The S&P 500 and the Nasdaq rose on Thursday after JPMorgan posted better-than-expected earnings and amid a flurry of positive news on the technology front.
JPMorgan profit tops view
JPMorgan Chase & Co reported better-than-expected first-quarter profit as debt trading and underwriting revenue surged, lifting the shares of the second-largest U.S. bank by as much as 4.5 percent.
JPMorgan profit tops view; ready to repay TARP
JPMorgan Chase & Co reported better-than-expected first-quarter profit as debt trading and underwriting revenue surged, lifting the shares of the second-largest U.S. bank by as much as 4.5 percent.
JPMorgan results plus techs lift S&P 500 and Nasdaq
The S&P 500 and the Nasdaq rose on Thursday after JPMorgan posted better-than-expected earnings and amid a flurry of positive news on the technology front.
Wall Street loses ground as banks weigh
The Dow and S&P 500 lost ground on Thursday as some investors fretted about the quality of bank earnings, which weighed on financial shares, and after a report that IBM was not interested in further negotiations with Sun Microsystems Inc.
Wall Street rises on JPMorgan
Stocks opened higher on Thursday as JPMorgan Chase & Co reassured some investors about the health of banks after it reported better-than-expected quarterly results and following several positive reports from the technology sector.
Stock futures rise on positive tech news, JPMorgan
Stock index futures pointed to a higher open on Thursday as JPMorgan Chase & Co reassured some investors about the health of banks after it reported better-than-expected quarterly results and following several reassuring reports on the technology sector.
JPMorgan profit beats forecast
JPMorgan Chase & Co reported better-than-expected first-quarter profit on Thursday as improved investment banking performance offset increased losses from credit cards and other consumer debt.