Tag Archives: jpm
U.S. Bank Shares Rise on Bullish Signal From Trading Executive
J.P. Morgan Chase & Co.’s (JPM) revenue from trading stocks and bonds in the second quarter is on pace to rise 10% to 15% from a year ago, an early but bullish projection that helped lift several big U.S. bank stocks to 52-week highs on Tuesday. Continue reading
J.P. Morgan Investors Examine Links With Directors
Shareholders are taking a close look at financial relationships between some J.P. Morgan Chase & Co. (JPM) board members and the company they oversee, in a sign of the scrutiny the nation’s largest bank faces in the wake of a multibillion-dollar trading loss last year. Continue reading
Berkshire Toughens Stance on Derivatives of Mass Destruction
OMAHA (TheStreet) — Warren Buffett and Charlie Munger of Berkshire Hathaway agreed at their Saturday shareholder meeting more needs to be done about the risky and swollen derivatives market in the United States. Continue reading
JPMorgan Chase Co-COO Leaves (Update1)
Updated from 4:17 p.m. Continue reading
Wells Fargo Earnings: Rising Profits, Rising Pressure (Update 2)
Updated from 12:34 a.m ET to include fund manager comments and additional data throughout. NEW YORK (TheStreet) — Wells Fargo on Friday reported its thirteenth straight rise in quarterly profits, exceeding expectations that the nation’s top mortgage lender would see its profit fall on a slowing in refinancing activity Continue reading
First Niagara: Stock Upgrade Winner
NEW YORK (TheStreet) — First Niagara Financial Group was the winner among large U.S. Continue reading
Ina Drew Blames Flawed Risk Model, Trader Misconduct For London Whale Losses (Update 1)
(Updated with comments from the Senate hearing.) NEW YORK (TheStreet) — The former head of the “London Whale” trading unit at JPMorgan Chase blamed a “flawed” risk model and “deceptive conduct” by traders at the London office for the massive $6 billion loss at the bank in 2012. “Since my departure I have learned of the deceptive conduct by members of the London team, and I was, and remain, deeply disappointed and saddened to learn of such conduct and the extent to which the London team let me, and the Company, down,” Ina Drew said, in prepared testimony before the Senate Permanent Subcommitee on Investigations. Continue reading
BB&T Capital Plan Rejected by Fed (Update 3)
Updated from 5 p.m. with capital return announcements from most banks subject to the Federal Reserve’s stress tests, now including BB&T and Goldman Sachs, and with commentary from White & Case Partner Ernie Patrikis, a former general counsel and chief operating officer of the Federal Reserve Bank of New York. Continue reading
BB&T Capital Plan Rejected by Fed (Update 3)
Updated from 5 p.m. with capital return announcements from most banks subject to the Federal Reserve’s stress tests, now including BB&T and Goldman Sachs, and with commentary from White & Case Partner Ernie Patrikis, a former general counsel and chief operating officer of the Federal Reserve Bank of New York. Continue reading
Morgan Stanley’s Stress Test Math (Correct)
Update to correct revenue information and include Morgan Stanley comment. NEW YORK (TheStreet) — Morgan Stanley is in sharp disagreement with the results of the Federal Reserve over how much the company would lose if a terrible recession were to begin this year Continue reading
