Jpmorgan chase Stories
Bank of America CEO says could repay TARP in '09: report
Bank of America Corp Chairman and Chief Executive Kenneth Lewis said the largest U.S. bank could repay the $45 billion of government capital it has taken by late 2009 or early 2010, depending on the economy, according to an interview published in the Charlotte Observer.
U.S. bank stocks soar on optimism but retreat on Amex
U.S. bank stocks, which had their best week on record last week, powered higher amid optimism they can soon return to profitability, only to give back their gains after American Express Co said more credit card customers are missing payments.
JPMorgan must let investors vote on bonus plan: U.S.
JPMorgan Chase & Co must allow shareholders to vote on measures that would tie executive bonuses to the bank's long-term stock performance, U.S. regulators have ruled.
U.S. bank stocks surge on optimism a bottom was hit
U.S. bank stocks, which had their best week on record last week, powered higher again on Monday amid optimism that banks are succeeding in efforts to restore profitability, and that a change to accounting rules might alleviate feared capital shortfalls.
Wall Street up as Barclays news boosts banks
Stocks rose for a fifth day in a row on Monday after Barclays joined other major banks in saying it had a strong start for 2009, fueling hopes that the beaten-down sector may be stabilizing.
Dow, S&P up on Barclays news, Nasdaq gains curbed
The Dow industrials and the S&P 500 climbed on Monday as Barclays said it had a strong start for 2009, joining other major banks, and added it discussed selling one of its units.
U.S. bank stocks rise amid optimism a bottom was hit
Bank stocks rose Monday on optimism that efforts to revive economies worldwide will bolster results.
Stocks set for higher open
Stocks on Monday were set to extend their recovery from 12-year lows reached earlier this month after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
Stock futures rise as Barclays adds to bank optimism
Stock futures rose on Monday, putting Wall Street on course to extend its recovery from 12-year lows reached earlier this month, after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
GLOBAL MARKETS-Asia stocks hit 1-mth high as bank fears subside
Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking industry sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying.
Asia stocks hit 1-month high as bank fears subside
Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking sector sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying.
Dow and S&P rise as Citi news fans bank hopes
The Dow and the S&P 500 stock indexes rose for a fourth straight day on Friday after Citigroup said it did not need any more government aid, bolstering hopes that stabilization is returning to banking.
Stock futures jump as Citi chairman fuels bank optimism
Stock index futures pointed to a fourth straight day of gains on Friday after Citigroup said it did not need any more government capital infusions, bolstering investor optimism that banks might be seeing some stabilization.
World stocks power higher on better banking hope
World stocks were on track on Friday for one of their largest weekly gains in 20 years, propelled by growing confidence in the recovery of the U.S. banking system.
Wall St. jumps on GE rating outlook, spending data
Stocks rose for a third day on Thursday on relief that a ratings cut by S&P in General Electric was just one notch and that no further cuts loomed, while retail sales data showed some stabilization in consumer spending.
Wall St. rallies on GE rating outlook and spending data
Stocks rose for a third day on Thursday on relief that a ratings cut by S&P in General Electric was just one notch and that no further cuts loomed, while retail sales data showed some stabilization in consumer spending.
Bank of America soars, CEO says bank in the black
Bank of America Corp Chief Executive Kenneth Lewis said on Thursday the largest U.S. bank was profitable in January and February and said it should be able to ride out the recession without new help from the nation's taxpayers.
Wall Street rises on GE rating outlook, banks
Stocks rose for a third day on Thursday on relief that a ratings cut by S&P in General Electric was just one notch and that no further cuts loomed, while data showed some stabilization in consumer spending.
Stock futures point to drop; retail sales eyed
U.S. stock index futures pointed to a lower open on Wall Street on Thursday, on rekindled fears over the global economic outlook and the stability of the financial system.
JPMorgan CEO sees 'modest signs' of recovery
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday he sees modest signs of an economic recovery and endorsed a plan to create a U.S. systemic risk regulator.
Credit card companies slash rewards to cushion losses
Not long ago, Americans were being offered as much as $100 just to sign up for a credit card. Now, up to $300 is being dangled as an incentive for them to give up their plastic. U.S. credit card issues are slashing rewards, raising interest rates and increasing fees as loan losses mount.
Wall Street rallies on Citigroup's view and uptick talk
U.S. stocks posted their best day in four months on Tuesday after Citigroup said it was profitable in the first two months of 2009.
Citigroup's Pandit says bank profitable, shares soar
Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the bank's survival prospects and sending its shares up 38.1 percent.
Bank rally powers Wall Street higher
Stocks rallied strongly on Tuesday after Citigroup said it was profitable in the first two months of 2009 and a key lawmaker said he expects the reinstatement of a rule that hinders bets a stock will fall.
Wall Street rallies as Citi memo fuels optimism
Stocks rose sharply on Tuesday as financials led a broad run-up from 12-year lows after reassurance from Citigroup about its performance, while investors turned hopeful about efforts to stem the economic slide.
Tyson gets $1B credit line, closes notes offering
Tyson Foods Inc, the world’s largest meat producer and marketer, said Monday, it has entered $1 billion new secured credit facility with JPMorgan as administrative agent and has closed its previously announced offering of $810 million.
Barclays to buy Bear Wagner unit from JPMorgan
Barclays agreed on Monday to acquire the Bear Wagner Specialists LLC operations from JPMorgan Chase & Co, a move that will leave the New York Stock Exchange with five designated market makers.
GE to Sell Debt under FDIC Program
GE Capital said Monday it would sell $8 billion in bonds through the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee Program, which allows companies to issue debt with the backing of the U.S. government, a company spokesman said Monday.
Wall St. hit by Apple, banks and grim jobs data
Stocks fell to further 12-year lows on Friday as a bearish brokerage view on Apple Inc prompted a sell-off in technology shares and overhanging fears about the banking system's future weighed.
Stock indexes dip to 12-year lows
On March 5, America saw its stocks plummet to their lowest levels in more than 12 years as one of the world's most well known banks, and an icon of American manufacturing traded like money on monopoly board game.