Jpmorgan chase Stories
Wall Street Climbs 3 Percent on Europe Deal, Financials Soar
Stocks surged 3 percent in a broad rally on Thursday as a long-awaited agreement by European leaders to boost the region's bailout fund promised to remove a major headwind for the market.
Euro zone deal sparks rally on Wall Street
Stocks surged 2 percent on Thursday after European leaders reached a long-awaited agreement to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.
National Security Agency Helps Banks Battle Hackers
The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.
Deutsche Bank warns of more job cuts in tough trade
Deutsche Bank's third-quarter pretax profit beat forecasts as retail banking and asset management offset a drop in investment banking which it warned was facing the toughest conditions since 2008 that could lead to more job cuts.
Canada's Carney ready for FSB regulator limelight
As a young hockey player with dreams of making it big, Mark Carney liked to get revved up before a big game by listening to AC/DC's Hell's Bells.
HOW TO PLAY IT: Banking on Financial Stocks
Are banks beyond repair? The largest U.S. financial companies did little to answer that question, delivering a mixed bag of quarterly results.
Is Occupy Wall Street Protesting in the Wrong ZIP Code?
Occupy Wall Street has camped out at Zucotti Park in Lower Manhattan for weeks, but it probably isn't reaching as many bankers as it could. Which could have something to do with the fact that finance is no longer the area's biggest tenant.
Top banks accused of colluding on ATM fees
A New Jersey man sued Bank of America , JPMorgan Chase and Wells Fargo on Wednesday on behalf of ATM users, accusing the banks of colluding to fix the fees they charge customers to withdraw money.
Morgan Stanley profit surprises amid market stress
Morgan Stanley posted a surprisingly strong profit during a rough-and-tumble third quarter for Wall Street, helped by a large accounting gain and an increase in stock-trading revenue.
Morgan Stanley outshines rivals with higher commodities risk
Morgan Stanley generated higher revenue from commodities in the third quarter by piling on more trading risks than rival Wall Street banks as oil, metals and grains prices swung wildly.
Deal Close Between States, Top Banks Over Mortgage Abuses
Under the proposed terms of the settlement -- which could total $25 billion -- banks would get a broader relief from potential state civil lawsuits in exchange for refinancing underwater loans, those mortgages where borrowers owe more than their homes are worth, sources said.
Morgan Stanley profit jumps on stock trading
Morgan Stanley swung to a quarterly profit as stock trading results proved surprisingly resilient and wealth management revenue soared.
Analysis: Banks keen on stock buybacks, regulators wary
U.S. bank executives are eager to buy back their stocks at depressed prices, but regulators appear to be reining them in, showing a clear disagreement over how risky the financial world is today and how much banks need to conserve capital.
Wall Street pay enters bear market as profits drop
Goldman Sachs Group Inc's bonuses are set to drop at least 20 percent this year and experts warn plunging revenue could push pay for the year even lower.
Instant view: Bank of America posts $5.9 billion profit
Bank of America Corp, the largest U.S. bank by assets, reported a $5.9 billion third-quarter profit after selling shares of China Construction Bank and recording two accounting gains.
Choppy Markets to Hold Back Q3 Asset-manager Profits
Fallen stock indexes are expected weigh on the third-quarter earnings of big asset managers, showing how market turmoil can affect a broad swath of financial companies.
Bank of America lending profit down, expenses rise
Bank of America Corp posted a third-quarter profit on Tuesday, helped by accounting gains and asset sales, but the bank's main businesses showed signs of weakness as lending profits dropped and expenses rose.
Citi posts higher earnings but warns on growth
Citigroup Inc reported higher quarterly earnings, helped by an accounting gain, but warned that developed markets could face weak growth for years, and the bank's shares fell.
Debit Card Fees Draw Antitrust Concerns From House Democrats
U.S. Rep. Peter Welch, D-Vt., wants Attorney General Eric Holder to probe banks and trade groups for potentially illegal collusion over new consumer debit card fees.
Citi Q3 net rises, boosted by accounting gain
Citigroup Inc reported higher third-quarter earnings on Monday, helped by rising income from Asia and an accounting gain banks can take in turbulent markets.
Citigroup Q3 net rises, boosted by accounting gain
Citigroup Inc reported higher third-quarter earnings on Monday, helped by rising income from Asia and an accounting gain banks can take in turbulent markets.
G-20 Ministers Will Back Capital Surcharges on Biggest Banks
Finance ministers and central bankers from the world's top economies are set to back mandatory capital surcharges on big lenders of as much as 2.5 percent to be phased in beginning in 2016.
S&P 500 Index May be Poised to Extend Its Winning Streak
With one-third of the Dow components and crowd favorite Apple reporting results next week, U.S. stocks are setting the stage for another week of gains.
U.S. Stock Futures Rise on Earnings, Data
U.S. stock futures rose on Friday on upbeat earnings and economic data.
Analysis: Wall Street banks profit from their weakness
The tempestuous bond markets of the third quarter could result in surprising gains for U.S. banks, but investors are unlikely to be impressed.
Asian Shares Edge Lower on Caution over Global Growth
Asian shares inched down on Friday, tracking New York and European shares lower as weak Chinese trade data raised concerns about the global economy, while the euro eased after another sovereign debt ratings downgrade.
Can the Dow Break out of its Range?
Since early August, the U.S. stock market has been stuck in a range.
Mining firms drag down South African stocks
Resources firms such as Exxaro led South African stocks lower on Thursday as miners took a knock after weak data from China and disappointing earnings from the United States.
U.S. Stocks Hit by Weak Chinese Trade Report
U.S. stocks and global risk assets were hit with a worse-than-expected trade report out of China. China reported that September exports rose 17 percent from a year ago and imports increased 21 percent from a year ago.
JP Morgan results splash water on Wall St's 3-day rise
U.S. stocks fell on Thursday after three days of gains as earnings from JPMorgan and soft economic data from China reinforced worries about a slowing global economy.