Jpmorgan chase Stories
First Facebook Trade At $38? Not If History Has A Vote
Facebook (Nasdaq: FB), the No. 1 social network, has decided to pitch its initial public offering of 421 million shares at $38, which could raise as much as $18.1 billion, assuming ?over-allotment options.
Huge Demand Prompts Facebook To Sell More Shares In IPO
Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.
Stock index Futures Point To More Losses
Stock index futures pointed to a lower opening on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones down around 0.1 percent, while the Nasdaq 100 fell 0.4 percent at 4:10 a.m. EDT.
FBI Launches Investigation Of JPMorgan Trading Losses
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
Facebook?s IPO: Shares Upped, Value Could Be $104 Billion
Facebook (Nasdaq: FB), the No. 1 social network, announced that it would increase the number of shares in its initial public offering, price them higher and value the company at as much as $104 billion.
Pre-Market Movers (Acadia Pharmaceuticals, Infosys, UBS AG, JPMorgan Chase, Avon, Home Depot, Nokia)
The companies whose shares are moving in pre-market trade Tuesday are: Acadia Pharmaceuticals Inc, Infosys Ltd, UBS AG, JPMorgan Chase & Co, Avon Products, Inc, The Home Depot, Inc and Nokia Corporation.
JPMorgan Board Stands By Dimon; Fed Joins Probe Of Loss
As the leader of JPMorgan Chase & Co's hedging unit quit after trading losses that could end up exceeding $3 billion, the board seemed to be rallying behind CEO Jamie Dimon before the huge bank's annual shareholder meeting Tuesday.
Europe Uneasiness Endures, China Frees Up Cash: Daily Markets Wrap
Political discord in Greece, voters punishing German Chancellor Angela Merkel's Christian Democrats, lower euro zone manufacturing output and China freeing up cash for lending all contributed to a global stocks slide as investors pursued the safe havens of government debt and the dollar.
Bank Stocks Hit By Panic Selling On Greece Crisis, JPMorgan Losses
Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece might be a prelude to that country to leave the 17-member euro zone.
US Stock Futures Signal Lower Start Monday
U.S. stock index futures pointed to a lower open on Wall Street on Monday, with S&P 500 futures down 1 percent and contracts for the Dow Jones and Nasdaq 100 down 0.9 percent.
Pre-Market Movers (JPMorgan Chase, Alcoa, Avon, Symantec, Micron Technology, Chesapeake Energy, Schlumberger, Herbalife)
The companies whose shares are moving in pre-market trade Monday are: Acadia Pharmaceuticals, Avon Products, Chesapeake Energy Corp, Micron Technology, Ancestry.com, Herbalife Ltd, Schlumberger, Symantec Corp, JPMorgan Chase and Alcoa Inc.
Wall Street To Slide, S&P 500 Faces Key Test
U.S. stock index futures fell sharply on Monday, tracking global equity markets lower as a political impasse in Greece heightened concerns about the Europe's debt crisis as the region struggles to avoid a deepening recession.
Concho To Pay $1B For Oil And Gas Assets In Permian Basin
Concho Resources Inc. (NYSE: CXO) has agreed to acquire all the crude-oil and natural-gas assets of the Three Rivers Operating Co. and certain affiliated entities for $1 billion in cash, Concho announced Sunday.
'Greece' Is The Word In The Risk-On/Risk-Off Trade
Financial-market participants around the world have reasons for both optimism and pessimism at the dawn of this trading week. But nobody appears to care, really. Unless the reason centers on Greece -- and, by implication, the future of the euro zone.
JPMorgan Chase Exec Ina Drew Resigns, $2B Trading Debacle Claims Its First Scalp
First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.
JPMorgan CEO Jamie Dimon Issues Mea Culpa Over $2B 'Egregious Mistake'
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon offered a mea culpa on NBC's Meet The Press Sunday, saying the mammoth money-center bank was dead wrong to dismiss concerns over a series of hedges that ended up costing the company $2 billion.
Dimon Says JPMorgan CEO Missed Red Flags
JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large trading losses in complex financial derivatives, according to a transcript of an interview broadcast on Sunday on NBC's Meet the Press television program.
Bank Stocks: Are They Cheap Because They Are Bargains Or Value Traps?
Since hitting 52-week lows last October, U.S. financial-sector stocks have staged a strong comeback -- rising some 34 percent. Despite this uptick, they still look like bargains, at first blush.
Weekly Roundup: Asian Stocks Slide On Greece Concerns, Weak China Data
Asian markets fell at week's end as Greece's inability to form a government, uninspiring Chinese industrial output growth and JPMorgan's trading losses affected investor sentiment.
Politicians, SEC, Fitch Draw Bead On JPMorgan
Fitch Ratings on Friday downgraded JPMorgan Chase & Co. (NYSE: JPM), which just revealed at least $2 billion in losses on questionable trading. The downgrade came on the same day that a U.S. senator called for a Congressional probe of the giant bank and the head of the Securities and Exchange Commission confirmed that her agents are eyeing the money center's hedging activity.
SEC 'Probably' Drafting JPMorgan Subpoenas: Former Agent
U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.
JPMorgan, China, Greece Weigh On Investors: Daily Markets Wrap
China's announcement that construction was down and manufacturers bought less factory equipment in April drove oil prices down and caused concerns that the global economy was slowing down. These concerns were reflected in market activity.
Bruno Michel Iksil: White Whale, or Jonah?
Following Thursday's financial earthquake at JPMorgan Chase & Co., fingers are pointing to Bruno Michel Iksil, who recently boasted that he could walk on water -- suggesting the French trader's ego is as outsized as the nemesis in Melville's novel from which his nickname the White Whale originates. Whether or not Iksil's reputation will go from fearsome whale to Jonah after he's blamed for the storm and tossed overboard is not yet known.
Hunting the Great White Whale: SEC Eyes JPMorgan's Risky, Costly Trading
U.S. Securities and Exchange Commission (SEC) regulators are monitoring JPMorgan Chase & Company (NYSE: JPM) following the disclosure that the bank lost $2 billion in bad hedging action carried out by the so-called Whale of London, SEC Chairwoman Mary Schapiro said Friday.
Futures Drop As JPMorgan Weighs On Banks
Stock index futures fell on Friday and were on track to extend the week's losses after JPMorgan Chase & Co revealed a shocking trading loss of at least $2 billion from a failed hedging strategy.
Pre-Market Movers (Pluristem, Mechel, Zynga, JPMorgan Chase, Citigroup, Morgan Stanley, Apartment Investment and Management)
The companies whose shares are moving in pre-market trading on Friday are: Pluristem Therapeutics Inc, Mechel OAO, Zynga Inc, JPMorgan Chase & Co, Citigroup Inc, Morgan Stanley and Apartment Investment and Management Co.
Asian Markets Fall Amid JP Morgan Loss, Weak China Data And Euro Zone Concerns
Asian markets fell on Friday as concerns surrounding Greece, weak industrial output growth in China and JP Morgan's trading loss dampened sentiments.
Asian Shares Fall On JPMorgan Shock, China Data Awaited
Asian shares retreated Friday, spooked by JPMorgan's $2 billion loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await new Chinese data for clues on its growth outlook.
Shock Of JPMorgan Loss Hits Stock Futures
Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred significant mark-to-market losses that it said could easily get worse.
Freddie Mac Names Donald Layton CEO
Freddie Mac (OTC: FMCC), the second-largest U.S. mortgage guarantor, said Thursday it was appointing Donald Layton, the former head of E*Trade as its CEO.