Jpmorgan chase Stories
Knight Capital, Firm At Center of Wednesday NYSE Trading Glitch, On The Ropes
The firm at the center of a software glitch that prompted highly irregular trading patterns Wednesday morning in shares of more than 100 New York Stock Exchange issues is hanging on by a thread.
Pre-Market Movers (OCZ Technology, Green Dot, Exelixis, Mellanox, Nokia, Synacor, Microsoft, Statoil, JPMorgan Chase)
OCZ Technology Group, Green Dot, Exelixis, Mellanox Technologies, Nokia Corp, Synacor, Microsoft Corp, Statoil ASA and JPMorgan Chase & Co are among the companies whose shares are moving in pre-market trading Monday.
Central Bank Preview: What Will Fed, ECB, BOE Do Next Week?
Next week could see some major worldwide financial implications, depending on what three of the world's largest central banks do at their scheduled meetings.
Caterpillar Inc. (CAT) Q2 Profit Rises, Lifts 2012 Forecast
Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 67 percent jump in its second-quarter profit that topped analysts' estimates and boosted its full-year outlook as demand increased from North American builders and overseas miners.
Caterpillar Inc. (CAT) Earnings Preview: Decent Q2, Cautiously Optimistic Outlook
Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is expected to report strong second-quarter profit as resurgent sales of construction machinery in the U.S. and ongoing global demand for mining equipment offset weakening sales in Europe, China and Brazil. The impact of acquisitions will also play a part.
Pre-Market Movers (Philips, PhotoMedex, Deutsche Bank, Morgan Stanley, United States Steel, Bank of America, Ford Motor, JPMorgan Chase)
Philips Electronics, PhotoMedex, Deutsche Bank, Banco Santander, Morgan Stanley, United States Steel Corp, Bank of America Corp, Ford Motor and JPMorgan Chase & Co. are among the companies whose shares are moving in pre-market trading Monday.
NY Fed Urges 'Capital Control' Of Money Market Funds
The Federal Reserve Bank of New York is proposing that money market managers be empowered to hold back depositors' money for 30 days in the event of a run on funds. The controversial proposal is being called by critics a kind of capital control.
Facebook IPO Jinx Falls: Palo Alto, Kayak Soar
Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are soaring again. Palo Alto Networks (Nasdaq: PANW) and Kayak Software (Nasdaq: KYAK) shares soared in their IPOs.
For Investors In Bank Stocks, Profit, It Seems, No Longer Matters
Investors seem to be disregarding the parade better-than-expected profit figures from major financial institutions this earnings season, instead using top-of-the-line revenue and return on equity numbers to guide their investment decisions.
Bank Of America, Morgan Stanley, Citigroup: Global Banking Giants To Begin Another Round Of Layoffs
The golden age of being a banker is so far in the past. After a brutal year of massive layoffs in the global financial industry last year, the axe is starting to fall again.
After Facebook Fiasco, Tech IPOs Stage Comeback
Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are heading to market again.
Bank Of America Seen Swinging To Profit, Hobbling to Just Above the Brink
Bank of America Corp. (NYSE:BAC), the troubled financial behemoth that teetered just above the abyss during the last few weeks of 2011 and has since made somewhat of a recovery, is expected to swing to profit when it reports quarterly financial results Wednesday morning.
JPMorgan Traders Might Face Criminal Charges
JPMorgan receives another blow even as it flounders in the midst of a FERC power market manipulation probe and talks with U.S. regulators for its alleged involvement in rigging key benchmark interest rates.
US Regultors Probing Into The Escalating Libor Scandal
Taking inspiration from global regulatory investigations into the interest rate manipulation, the U.S. is now building strong evidence of criminal wrongdoings against big banks and individuals ensnared in the heart of the scam.
Despite Mediocre Results, Vikram Pandit Gets His Mojo Back
The chief executive of New York-based Citigroup Inc. (NYSE:C) had a surprisingly confident outlook for his bank's future business prospects during a conference call with analysts Monday.
Seven Banks That Annoy Credit Card Customers The Most: New CFPB Database
The Consumer Financial Protection Bureau's complain database has been live for six weeks, Here's who ranks best and worst among the big credit card issuers.
All At Sea: The 'London Whale' Leaves JPMorgan
Bruno Iksil, whose trading team were responsible for huge losses of $4.4 billion, was widely expected to leave the bank after he gained notoriety in the wake of the trading scandal.
Wells Fargo Results Friday Seen as Litmus Test for Housing Recovery, Responsible Banking
When San Franciso-based Wells Fargo & Company (NYSE:WFC), releases quarterly results Friday morning, analysts will be examining the corporate filing for hints as to the state of the U.S. housing market.
As JPMorgan Reports Earnings Friday, All Eyes Turn To London Whale
When New York-based banking behemoth JPMorgan Chase and Co. (NYSE:JPM) reports its financial results for the latest quarter on Friday morning, the market's collective attention will be focused on just one figure: the one finally detailing how much JPMorgan lost as a result of its ill-advised strategy of putting huge hedge bets on the CDS derivatives market.
RIM Recovery: Did Heins Just Buy Six Months For BlackBerry?
The late King Hussein of Jordan titled his autobiography ?Uneasy Lies the Head.? That could be the title Thorsten Heins, CEO of Research in Motion (Nasdaq: RIMM), the ailing BlackBerry developer, could use for his book, too.
LinkedIn Gets Pounded On News Of Facebook Challenge
LinkedIn (NYSE: LNKD), the leading professional social networking site, lost as much as 6 percent of its value Monday on a report that Facebook (Nasdaq: FB), the No. 1 social networking site will start direct competition.
RIM's Patents Valued At 85% Of Entire Company By CEO
BlackBerry developer Research in Motion (Nasdaq: RIMM) values its intellectual property at $3.37 billion, or nearly 85 percent of the value of the entire company.
Technology Focus: Is RIM In The ?Death Spiral? Or On Verge Of Revival?
Consider BlackBerry developer Research in Motion (Nasdaq: RIMM): is it in a ?death spiral? or a tarnished diamond that with better management can be revived for a bright future?
New Investments In Euro Funds Restricted In The US
Three of the world's biggest financial institutions in the U.S. are closing their European money market funds to new investments after the European Central Bank (ECB) reduced its benchmark rate to a record low of 0.75 percent and slashed deposit rates to zero on Thursday, undermining global investor confidence.
RIM: Still No News But Value Gains $230M
Despite no announcements ahead of its Tuesday annual meeting, BlackBerry developer Research in Motion (Nasdaq: RIMM) is worth another $130 million by midday Friday.
JPMorgan, Wells Fargo, Alcoa: 6 Earnings Reports To Watch, July 9-13
Earnings season for the second quarter is almost here, with America's biggest aluminum producer, Alcoa Inc., announcing its results on Monday and JPMorgan Chase & Co. disclosing a portion of its total derivatives-trading losses on Friday the 13th.
Pre-Market Movers (Elan Corp, SXC Health, Micron Technology, Alcoa, Veolia, Nokia, Logitech)
Elan Corp, SXC Health Solutions, Micron Technology, Thompson Creek Metals, Alcoa, Veolia Environnement and Nokia and Logitech International are among the companies whose shares are moving in pre-market trading Thursday.
Diamond Denies Gov't Told Barclays To Manipulate Libor Rate
Former Barclays boss Bob Diamond testified Wednesday before the British Parliament's Treasury Select Committee denying that anyone in the British government instructed the bank to manipulate the rate that determines the cost of trillions of dollars worth of loans and derivatives traded worldwide every day.
Why Exactly Are Heads Rolling At Barclays? Libor Scandal Explained
Following the revelation last week that British banking giant Barclays was engaging in massive fraud meant to distort the Libor, the interest rate underpinning hundreds of trillions of dollars in credit transactions, politicians and regulators the world over are taking a sober look at the system. What they find may prove to be shocking.
In Slight To Occupy Wall Street, New Yorkers Say Cage Around Iconic Wall Street Statue No Longer Needed
Manhattan community leaders began pressing Sunday for the cage around the iconic Charging Bull statue in the middle of New York's financial district to be removed.