Jpmorgan chase Stories
Wall Street on track for second week of losses
U.S. stocks fell on Friday and were on track to end a second straight week lower as concerns about the pace of global growth sparked a selloff in financial shares.
Wall Street set to end week lower; banks lead losses
Wall Street was on track to end the week lower on Friday as the rising cost of insuring Spanish debt against default increased worries about Europe's financial health, sparking a selloff in financial stocks.
Wells Fargo reports higher profit on mortgage gains
A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses.
Wall Street drops on euro-zone woes and banks' slide
Stocks fell on Friday on renewed concerns about the euro zone after the cost of insuring Spanish debt against default hit a new high.
Wall Street fall on China GDP, Spanish yields
Stocks fell Friday on disappointing Chinese economic data and renewed concerns over Spain's rising borrowing costs.
Stock futures fall on Spanish yields, China GDP
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.
Wall Street to slip on Spanish, Chinese data
Stocks were set to fall at the open on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data.
US Stock Futures Fall On Spanish Yields, China GDP
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.
Futures fall on Spanish yields, China GDP
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.
JP Morgan 1Q Profit Down 3.1%; Retail Revenue Surges
The bank's quarterly profit totaled $5.38 billion, down from $5.56 billion a year earlier. That translated to $1.31 a share, compared with $1.28 a share as the number of shares outstanding declined.
BofA, U.S. Bancorp sued for role as WaMu bond trustee
Bank of America Corp and U.S. Bancorp have been sued by a Chicago pension fund that said they failed to protect investors in their roles as trustees for mortgage-backed securities for Washington Mutual Inc.
Proxy Firms Back Splitting Of Chairman, CEO Posts At Wells Fargo
Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.
JP Morgan Chase, Wall Street Enigma, Sees Earnings Upside
That Wall Street expects J.P. Morgan to outperform its peers shouldn't come as a surprise. Besides being the biggest, it's arguably among the three or four most stable big banks.
Asian Shares Struggle, Awaiting China Data
Asian shares eased Tuesday as investors cautiously awaited Chinese trade data to gauge whether the world's second-largest economy could achieve a soft landing, after a sharp slowdown in U.S. jobs creation clouded prospects for global growth.
US Futures Fall After Weak Payrolls Report
U.S. stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.
Federal Judge Approves $25B Mortgage Pact
A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.
Facebook IPO: Nasdaq Chosen To Trade Ticker Symbol 'FB'; Date Still Unknown [REPORT]
Following the tradition of big tech companies like Google and Apple, Facebook has reportedly chosen to list its shares on the Nasdaq under the ticker symbol FB. The report comes from The New York Times, which cites Facebook insiders with knowledge of the matter.
Wall Street Set For Lower Open On Euro Zone Concerns
Wall Street was set for a lower open despite data showing ongoing healing in the labor market, as a rise in Spanish bond yields renewed concerns about the euro zone's financial health.
US Stock Futures Down On Euro Zone Worry; Jobless Claims In Focus
Stock index futures fell on Thursday as a rise in Spanish bond yields renewed concerns about the euro zone's financial health, and as investors awaited report on jobless claims.
US Stock Futures Dip On Euro Zone Worry; Jobless Claims In Focus
Stock index futures fell on Thursday as a rise in Spanish bond yields renewed concerns about the euro zone's financial health, and as investors awaited a closely watched report on jobless claims.
US Stock Index Futures Signal Slightly Higher Open
Stock index futures pointed to a slightly higher open on Wall Street on Thursday with futures for the S&P 500 and Dow Jones up 0.3 percent, while Nasdaq 100 futures were up 0.1 percent at 04.08 a.m. EDT.
CFTC orders JPMorgan to pay $20 million in Lehman case
The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.
Brazil's BTG Pactual Plans $2.24 Billion IPO
BTG Pactual, the largest independent investment bank in Latin America, said it is planning to raise up to $2.24 billion in a public offering that could signal the revival of Brazil's IPO market.
JPMorgan to pay $20 million to settle Lehman case: CFTC
The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.
Regulator to penalize JPMorgan over Lehman demise: NYT
A U.S. regulator is set to penalize JPMorgan for actions linked to the demise of investment bank Lehman Brothers at the height of the financial crisis in 2008, the New York Times said, citing people briefed on the matter.
JPMorgan stable value fund exiting private mortgages
JPMorgan Chase & Co is shedding mortgage debt from a stable value fund, under pressure from insurers in a case raising questions about suitable investments for funds normally regarded as a super-safe haven for retirement savings.
Top After Market NYSE Movers (BNNY, FBHS, DDD, GFA, FRO, AWI, ROC, GWRE, FTK, VCRA, ITT)
The top aftermarket NYSE gainers Monday were: Annie's, Fortune Brands Home & Security, 3D Systems, Gafisa SA, Frontline and Armstrong World Industries. The top aftermarket NYSE losers were: Rockwood Holdings, Guidewire Software, Flotek Industries, Vocera Communications and ITT Corp.
MF Global Exec Refuses To Testify Before Congress
A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as lawmakers heard from officials who played critical roles in the final days of the futures brokerage, when a huge and still unexplained shortfall in customer money surfaced.
Bank of America CEO made $8.1 million in 2011
Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
JPMorgan: Corzine assured it on MF Global transfers
Former MF Global Holdings Ltd Chief Executive Jon Corzine assured JPMorgan Chase & Co shortly before his brokerage firm collapsed that it had ample funds to cover overdrafts, a lawyer for the bank is expected to testify.