Jpmorgan chase Stories
Stocks rise on earnings, upgrades, rising commodities prices
U.S. stocks rose in light trading on Tuesday, as better than expected earnings reports, analyst upgrades and rising commodities prices influenced gains.
Earnings, economic optimism boost Wall Street
U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.
U.S. credit card delinquency rates level off
The percentage of Americans falling behind on credit card bills stabilized in January, according to data from five lenders on Tuesday, signaling that U.S. consumer credit woes may be leveling off.
JP Morgan strikes $1.7 billion deal to buy RBS Sempra units
JPMorgan Chase & Co will buy the non-U.S. assets of commodities joint venture RBS Sempra from Royal Bank of Scotland and Sempra Energy for $1.7 billion cash, roughly doubling its commodities client base.
AIG snubs JPMorgan?: No role in $10 billion AIA IPO
American International Group Inc turned down JPMorgan's attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly stemming from soured relations dating back to the financial crisis.
Geithner says financial system healing, needs work
The financial system averted a meltdown but it is not yet back up to full strength, Treasury Secretary Timothy Geithner said on Wednesday.
Obama doesn't begrudge Dimon, Blankfein over pay
President Barack Obama said he doesn't begrudge the chief executives of JPMorgan Chase and Goldman Sachs their bonuses but called their pay extraordinary.
Euro zone debt worries sink Dow below 10,000
The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
Dow closes below 10,000 on euro zone debt woes
The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
S&P, Nasdaq gain on upgrades, debt woes weigh on Dow
The S&P 500 and Nasdaq edged higher on Monday as several bellwethers rose on brokerage upgrades and positive comments about the economy, but worries about euro zone sovereign debt problems limited gains.
S&P, Nasdaq rise, but debt worries limit gains
U.S. stocks edged higher on Monday as several bellwether shares rose on brokerage upgrades and comments about improving economic conditions, though persistent worries about euro zone sovereign debt problems limited gains.
Goldman CEO Blankfein gets $9 million stock bonus
Goldman Sachs Group Inc on Friday awarded chief executive Lloyd Blankfein and other executives a stock bonus worth almost $9 million, according to a filing with the U.S. Securities and Exchange commission.
JPMorgan CEO Dimon gets $16 million in stock, options
JPMorgan Chase & Co JPM.N>, which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million.
JPMorgan awards CEO Dimon $8 million restricted stock
JPMorgan Chase & Co JPM.N> awarded Chief Executive Jamie Dimon restricted stock worth almost $8 million plus a package of 10-year stock options, according to an SEC filing on Friday.
Goldman exec sees 10-percent Volcker rule impact
The Obama administration's proposed Volcker rule could impact about 10 percent of Goldman Sachs net revenues, a senior executive of the Wall Street giant told a U.S. Senate committee on Thursday.
Volcker to urge curbs on big banks' risky trading
White House economic adviser Paul Volcker, whose star is rising in the Obama administration, will urge Congress on Tuesday to rein in risky investing by big banks, according to testimony obtained by Reuters.
Volcker to urge curbing risky trading by big banks
White House economics adviser Paul Volcker will urge Congress on Tuesday to rein in risky investing by big banks to help prevent them becoming too big to fail, according to testimony obtained by Reuters.
Stocks advance on industrials, JPMorgan
Stocks rose to session highs on Tuesday as investors scooped up shares of big manufacturers, energy companies and major banks, including JPMorgan Chase .
JPMorgan in talks to carve up RBS Sempra: sources
JPMorgan Chase and Sempra Energy may carve up commodities venture RBS Sempra, people familiar with the matter said, as pressure on U.S. banks to limit proprietary trading forces JPMorgan to rethink its plans.
JPMorgan may not take all of RBS Sempra: source
JPMorgan Chase is rethinking its purchase of RBS Sempra and could pick up only the joint venture's oil operations and all the non-U.S. businesses, a source familiar with the matter said.
BofA CEO to get 2010 base pay of $950,000: source
Bank of America Corp's new chief executive, Brian Moynihan, will receive a base salary of $950,000 this year, according to a source familiar with his employment agreement.
Stock market recovers after FOMC statement, financials gain
The S&P 500 Index closed higher today, adding 5.33 points or 0.49 percent. It recovered to 1,097.50 from a downward spike minutes after the FOMC statement that took the index to a low of 1,083.11.
Obama threatens fight with banks on new risk rules
President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.
Wall St tumbles on Obama banking proposal
Wall Street tumbled on Thursday after President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.
JPMorgan in exclusive talks on RBS Sempra: sources
JPMorgan Chase is in exclusive talks to buy the RBS Sempra commodities joint venture, people familiar with the matter said on Wednesday, in a deal expected to be worth about $4 billion.
Stocks set for lower open on bank unease
U.S. stocks were poised for a lower open on Wednesday on reports of bank lending restrictions in China and as quarterly results from three big U.S. banks raised uneasiness about the state of the sector.
Stock futures drop on bank earnings jitters
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China and as quarterly results from a host of U.S. banks increased uneasiness about the state of financial companies.
Stock futures slide on unease over bank earnings
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China as earnings reports from a host of U.S. banks increased uneasiness about the state of financial companies.
Citigroup loss narrows, loans seem to stabilize
Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday, but the bank's shares rose as declining loan losses raised hopes that the worst might soon be over.
Analysts expect BofA loss amid credit, TARP
Bank of America Corp likely will post another loss when it reports fourth-quarter earnings on Wednesday, as banks continue to grapple with their problems loans and a weak economy.