Jpmorgan chase Stories
Bailed-out banks eye toxic asset buys: report
U.S. banks that have received government aid, including Citigroup Inc, Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co, are considering buying toxic assets to be sold by rivals under the Treasury's $1,000 billion plan to revive the financial system, the Financial Times said.
HSBC shares jump 15 percent in HK to 1-month high
Shares of HSBC vaulted over 15 percent in Hong Kong in their biggest daily advance in five months on Thursday, joining a global bank rally spurred by encouraging U.S. data and an expected easing of accounting rules.
For Wall Street, March is best month since 2002
Stocks climbed on Tuesday, driving the S&P 500 to its best month since October 2002, as investors snapped up top-performing bank and technology shares as the first quarter came to an end.
Global banks to write down $17 bln more: JP Morgan
J.P. Morgan Securities forecast global wholesale and investment banks to incur additional pretax writedowns of $17 billion for the rest of 2009 to reach mark-to-market valuations of structured credit assets.
Profit-taking, bank caution halt market run-up
Wall Street capped a strong week on a down note on Friday as investors booked profits in the wake of the recent upward surge and bank shares dropped after bank executives indicated March had been a tougher month for the industry than the previous two.
Wall St slides further after Dimon comments
U.S. stocks slid on Friday as investors booked profits in the wake of a recent surge, and bank shares dropped after several bank executives indicated March had been a tougher month than the previous two.
Wall St adds losses after JPMorgan comments
U.S. stocks tumbled further on Friday, with indexes sliding more than 2 percent after comments from JPMorgan Chase's chief executive that March was a little tough.
Wall St wilts after strong rally
Stocks slipped on Friday as investors took profits following a recent surge, and energy shares drooped along with the price of oil.
Wall St falls, hurt by profit taking, oil's fall
U.S. stocks fell on Friday as investors booked profits following a recent rapid surge, while the energy sector dropped along with the price of oil.
Wall St eyes lower open as investors assess rally
Wall Street was set for a lower open on Friday as investors assessed the strength of a recent surge that has March on track to see the biggest monthly percentage gain since 1974.
JPMorgan sues Washington Mutual over $13 billion case
JPMorgan Chase & Co has sued the Washington Mutual Inc holding company and urged a federal bankruptcy court not to interfere with its September purchase of the thrift's banking operations.
Wall St set to rise on signs of economic thaw
Wall Street looked set to rise at the open on Wednesday as investors were encouraged by data showing signs the economic downturn was moderating, and by positive comments from President Barack Obama.
Futures rise on economic hopes; data in view
Stock index futures pointed to a mostly higher open on Wednesday after positive comments on the economy from President Barack Obama, as investors looked to upcoming data for signs of improvement.
JP Morgan denies report it plans to buy new planes
Investment bank JPMorgan Chase & Co said on Monday it had no plans to purchase new corporate jets or build an airport hangar until it has repaid the funds it got through the U.S. governments Troubled Asset Relief Program .
Banks press Capmark on loans: report
JPMorgan Chase & Co and Deutsche Bank AG , which hold $1.2 billion of Capmark Financial Group Inc loans, are among banks demanding collateral in exchange for loosening terms that put it at risk of default, Bloomberg said, citing people familiar with the matter.
Washington Mutual sues FDIC for over $13 billion
Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the loss of its banking operations, which was acquired by JPMorgan Chase & Co.
Banks pull Wall St lower; BofA down 11 pct
U.S. stocks fell on Friday as bank shares slid following news of a tepid debut of a key U.S. Federal Reserve measure to revive lending.
Wall Street little changed as banks offset tech rise
Stocks were little changed on Friday as financial shares fell after the tepid debut of a Federal Reserve measure to revive lending, offsetting investors' bets that mergers could heat up after reports IBM was in talks to buy rival Sun Microsystems.
Wall Street falters as bank stocks weigh
Stocks fell on Friday, dragged down by financial shares after a tepid debut of a Federal Reserve measure to revive lending.
JPMorgan CEO Dimon's 2008 compensation falls
JPMorgan Chase & Co Chief Executive Jamie Dimon received about $19.7 million in total compensation for 2008, down from about $34 million in 2007, the company revealed in materials filed with U.S. regulators ahead of its annual shareholder meeting.
B of A, Citigroup shares soar after Fed moves
Shares of Bank of America Corp and Citigroup Inc powered to multiweek highs on Wednesday on optimism over government efforts to stimulate lending.
B of A, Citigroup soar on hope worst has past
Bank of America Corp and Citigroup Inc shares have roughly tripled from the multi-decade lows of less than a month ago and powered higher on Wednesday on optimism government efforts to stimulate lending might boost stocks after punishing recent declines.
Bank of America CEO says could repay TARP in '09: report
Bank of America Corp Chairman and Chief Executive Kenneth Lewis said the largest U.S. bank could repay the $45 billion of government capital it has taken by late 2009 or early 2010, depending on the economy, according to an interview published in the Charlotte Observer.
U.S. bank stocks soar on optimism but retreat on Amex
U.S. bank stocks, which had their best week on record last week, powered higher amid optimism they can soon return to profitability, only to give back their gains after American Express Co said more credit card customers are missing payments.
JPMorgan must let investors vote on bonus plan: U.S.
JPMorgan Chase & Co must allow shareholders to vote on measures that would tie executive bonuses to the bank's long-term stock performance, U.S. regulators have ruled.
U.S. bank stocks surge on optimism a bottom was hit
U.S. bank stocks, which had their best week on record last week, powered higher again on Monday amid optimism that banks are succeeding in efforts to restore profitability, and that a change to accounting rules might alleviate feared capital shortfalls.
Wall Street up as Barclays news boosts banks
Stocks rose for a fifth day in a row on Monday after Barclays joined other major banks in saying it had a strong start for 2009, fueling hopes that the beaten-down sector may be stabilizing.
Dow, S&P up on Barclays news, Nasdaq gains curbed
The Dow industrials and the S&P 500 climbed on Monday as Barclays said it had a strong start for 2009, joining other major banks, and added it discussed selling one of its units.
U.S. bank stocks rise amid optimism a bottom was hit
Bank stocks rose Monday on optimism that efforts to revive economies worldwide will bolster results.
Stocks set for higher open
Stocks on Monday were set to extend their recovery from 12-year lows reached earlier this month after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.