Jpmorgan chase Stories
Stocks, Commodities and Euro Sink on EU Summit Letdown
Asian shares, commodities and the euro fell Friday on growing doubts that European leaders could forge a credible plan to solve the euro zone's debt crisis at a summit later in the day.
JPMorgan Profit View Lowered by Susquehanna
Susquehanna Financial cut its profit estimates of JPMorgan Chase & Co. (NYSE:JPM) after the company guided weak results for its investment bank unit.
MF Global trustee must prove disinterestedness
Bankruptcy Judge Martin Glenn said he needs more information from James Giddens, the trustee winding down bankrupt brokerage MF Global , to determine if Giddens has a conflict of interest in the case.
U.S. targets mortgage servicers for poor performance
The Obama administration said on Wednesday it will keep the pressure on two big U.S. banks to help more troubled borrowers from losing their homes by withholding payments to the banks under a foreclosure-prevention program for the third straight quarter.
Occupy Homes: Protesters Target Foreclosures on Dec. 6 'Day of Action'
Occupy Homes, an offshoot of Occupy Wall Street, will protest in foreclosed and vacant properties in around 25 U.S. cities on Tuesday's Day of Action, promoting what organizers call the basic human right of housing.
Financial Stocks End Strange Day on Odd Note
A strange and winding day for the shares of major U.S. financial companies ended as oddly as it began, as shares of major U.S. banks seemed to brush off bad news on sovereign debt ratings that rattled the wider market and shares of five of the biggest financial institutions traded on the New York Stock Exchange ended the session on a sell imbalance.
Lehman Brothers Comes Back From the Dead
Over the past few days, Lehman Brothers has announced several actions one might not expect from what is arguably the most notorious bankrupt company of the last decade. It is looking to name a new board of directors and is engaging in a bidding war for another company.
Michael Kors IPO Valued at $3.6 Bil, Designer Seeks to Raise $792.3 Mil
Break out the bubbly, Michael Kors is going public, with an IPO valued at $3.6 billion.
Bank Earnings Will Tank This Quarter: Wells Fargo
In a research note, banking industry analyst Matthew Burnell reduced fourth-quarter earnings estimates for JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS). Burnell reduced the earning estimates for JPMorgan and Citi by about 4 percent, but sounded a much more pessimistic note on Goldman and Morgan Stanley.
SAP to buy SuccessFactors for $3.4 Billion
Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
JP Morgan arranges loan for SAP's SuccessFactors buy
JPMorgan Chase & Co is arranging the 1-billion-euro ($1.34 billion) loan that SAP AG is taking on to help pay for its $3.4 billion takeover of SuccessFactors, SAP co-Chief Executive Bill McDermott told Reuters.
SAP Offers $3.4 Billion for SuccessFactors
Germany's SAP announced a $3.4 billion cash deal to buy U.S. web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
SAP Offers $3.4 Billion Cash to Buy SuccessFactors Inc.
Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors Inc., joining the scramble among technology firms to offer cloud-computing services to businesses.
U.S. Stock Market Friday Caps Best Week in About 3 Years
Stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the U.S. unemployment rate dropped to a 2-1/2 year low.
GMAC Mortgage to Stop Massachusetts Activity After Suit
In the wake of a lawsuit filed by the Massachusetts attorney general, GMAC Mortgage, a subsidiary of Ally Financial, said on Friday that it would stop buying mortgage loans in the state after Dec. 5.
Wall Street on track for stellar week on jobs data
Investors pushed stocks higher on Friday, heading for the best week since early 2009, on news the U.S. unemployment rate fell to a 2-1/2 year low.
Wall Street Heads for Best Week in 3 Years
Stocks rose on Friday, on course for their best week in almost three years, after the U.S. unemployment rate dropped to a 2-1/2 year low, but resistance close to a key technical level limited gains as traders booked profits before the weekend.
Mass. AG Sues 5 Banks Including BofA, JPMorgan Over Foreclosure Abuses
Massachusetts Attorney General Martha Coakley hit five banks with a lawsuit over foreclosure practices in the midst of multistate settlement negotiations.
Madoff trustee can appeal JPMorgan $19 billion loss
The trustee seeking money for Bernard Madoff's victims won the right to immediately appeal a ruling that took away more than $19 billion of his claims against JPMorgan Chase & Co, Madoff's main bank for two decades.
Markets Shrug Off Massachusetts Lawsuit Against Big Banks
From the time when a statement by Massachusetts' attorney-general announcing a lawsuit against five major banks began appearing on the newswires, shares of the financial institutions being sued actually went up slightly.
Ex-FBI chief pledges independence in MF Global case
The trustee tapped to control the assets of MF Global Holdings promised an independent approach to the futures broker's bankruptcy in his first public comments since accepting the post.
Wall Street soars as central banks move to ease crunch
Stocks surged on Wednesday as major central banks around the world acted jointly to add liquidity to the global financial system, sparking a rally in risk assets such as equities and commodities.
U.S. Stocks Soar on Action by Central Banks
U.S. stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.
Wall Street set for big gains after central banks act
Stocks were set to gain more than 2 percent at the open on Wednesday as a coordinated action by major central banks to provide liquidity to the global financial system boosted investors' appetite for risky assets.
Stock futures soar after central banks act globally
Stock index futures soared on Wednesday as investors welcomed a coordinated action by major central banks to provide liquidity to the global financial system.
Stock futures jump after China bank move
Stock index futures rose on Wednesday after China unexpectedly cut its banks' reserve requirements in hopes of boosting an economy running at its weakest pace since 2009.
Caution on Eurozone Bailout Progress Hits Asian Shares
Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
Asian Shares Fall on Caution over Euro Bailout
Asian shares fell and the euro trimmed gains Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
AT&T Trying to Salvage T-Mobile Deal with Leap Wireless Sale
AT&T, the No. 2 U.S. wireless carrier, may be trying to salvage its $39 billion deal to acquire T-Mobile by agreeing to sell assets to loss-ridden Leap Wireless International.
Slice of missing MF Global customer cash may be in Britain
About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people briefed on the matter.