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Maintaining its track record, JPMorgan Chase & Co. (JPM) came out with a positive earnings surprise of about 16% for the first quarter. The banking giant reported record earnings per share of $1.59, surpassing the Zacks Consensus Estimate of $1.37 and the year-ago earnings of $1.19. This represents the fifth straight quarter with a positive [...]

As the markets push towards all time highs, financial stocks like JPMorgan Chase & Co. (NYSE:JPM) are dropping sharply. Today, JPMorgan is trading at $47.78, -0.86 (-1.77%). European concerns continue to mount as Cyprus is set to reopen their banks on Thursday. The reason why there is mounting concern, stems from a possible run on the banks. [...]

The most important stock in the market is J.P. Morgan Chase & Co (NYSE:JPM). This stock has led the major stock indexes higher and lower over the past five years. Recently, the stock has been bombarded with negative news regarding its highly publicized London Whale trading loss. When JPM stock declines it is often viewed [...]

David Zeiler writes: While they may have perfected the trading strategies that use retail investors as patsies to enhance their profits, Wall Street titans like Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM) didn't invent them - that honor goes to a man named Richard D. Wyckoff. You may not have heard of Wyckoff because he died in 1934. But the book he published in 1931, "The Richard Wyckoff Method of Trading and Investing in Stocks - A Course of Instruction in...

JPMorgan Chase & Co. (JPM) became the latest global bank to announce job cuts to improve profitability. The company will be eliminating overall 19,000 jobs (about 7.3% of the total workforce as of Dec 31, 2012) by the end of 2014. The announcement was made by management during the company’s Investors Day presentations. The majority of [...]

Richard Fisher has once again sounded a familiar clarion call: "Too big to fail” cannot be a principle the US financial system continues to abide by. Speaking at the National Press Club in Washington on Wednesday, the Federal Reserve Bank of Dallas President said the Dodd-Frank legislation had done little to alleviate several of the issues [...]

The strongest industry group in the stock market since June 2012 has been the large banks. Today, the large bank stocks are trading higher again. J.P. Morgan Chase & Co (NYSE:JPM) is by far the most important stock in the sector. This stock has surged higher by nearly $16.00 since June 4, 2012 when the [...]

The fourth quarter earnings season hasn’t been that eventful thus far even though we have results from 67 S&P 500 companies already (as of Friday, January 18th). The reason is that expectations for this earnings season were set by the very weak third quarter reporting season. Given those low expectations, the actual performance is a [...]

The financial stocks like Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc. (NYSE:C) have been leading the markets substantially higher of late. The their problems appear to be ancient history as the Federal Reserve has allowed them to use every avenue possible to regain their dominance. While these stocks have shown [...]

5 min JPM. note 45 B/O today We last spoke about $JPM back in early June (original chart) after the market fell violently off highs coupled with the commodity correction.. oil 103-high 70's remember?? .. anyway.. We thought it was a good idea to get into this name around 34 bucks for a swing back to highs based on the chart pattern and general tape feel.  Today JPM traded 45. New chart below -{MORE}-

JPMorgan Chase & Co. (JPM) continues to be in sticky waters as litigation issues arising from the sale of mortgage backed securities (MBS) by Bear Stearns & Co. – acquired in 2008 – seem to be never ending. Now, the U.S. regulator for credit unions – National Credit Union Administration (NCUA) – has sued its [...]

This morning, most of the leading financial stocks are trading higher at the start of the trading day. Generally, as long as the financial stocks hold up and trade higher the major stock indexes will usually remain buoyant. Should the leading financial stocks begin to rollover or sell off then all bets are off as [...]

We have reiterated our long-term Neutral recommendation on JPMorgan Chase & Co. (JPM), based on strong fundamentals and steady performance by all its business segments. Further, maintaining its track record of delivering positive earnings surprises, JPMorgan substantially outpaced the Zacks Consensus Estimate in the third quarter. Results largely benefited from improved revenue and lower provision [...]

Banking behemoths JPMorgan Chase & Co. (JPM) and Credit Suisse Group (CS) have agreed to resolve the allegations leveled by the Securities and Exchange Commission (SEC) by paying a total compensation of nearly $416.9 million. The allegations are related to the sale of faulty residential mortgage-backed securities (RMBS) by these banks prior to 2008 financial [...]

Financial Times has reported that the legal woes at JPMorgan Chase & Co. (JPM) are expected to lessen soon. The company is in advanced talks with the Securities and Exchange Commission (SEC) for the settlement of probes related to the sale of risky residential mortgage-backed securities (RMBS). The allegation pertains to how Bear Stearns Cos. – [...]

$ $ $Max KeiserKeiser Report: 'Crash JP Morgan' - 2nd Anniversary SpecialIn this episode, Max Keiser and Stacy Herbert present the two year anniversary special of their Crash JPM, Buy Silver campaign. They discuss JP Morgan doing everything to protect ...

Banks have attracted special attention during the current period of socio-economic turbulence because of their deep involvement in both financial and economic components of the crisis. In 2009, we investigated and revealed the reasons behind bankrup...

JPMorgan Chase Bank, N.A – a wing of JPMorgan Chase & Co. (JPM) – is all set to acquire $70 billion worth of mortgage-servicing portfolio from MetLife Bank, N.A – a subsidiary of the insurance giant MetLife, Inc. (MET). The financial terms of the deal, which is subject to certain regulatory approvals and other customary [...]

Zacks Investment Research reports earnings momentum for JPMorgan Chase & Co. (JPM) has been on the rise since this Wall Street banking giant reported solid third quarter results, which included an earnings surprise of nearly 16%. This Zacks #2 Rank (Buy) recorded positive earnings surprises in three of the last four quarters with an average beat of 20.2%. Moreover, JPMorgan pays a regular quarterly dividend that yields 2.8% annually. Q3 Results On October 12, JPMorgan reported third...

JPMorgan Chase & Co. (JPM) is set to roll out its third quarter earnings tomorrow morning, Friday, October 12. So, what's in store for the banking giant? While last quarter’s solid earnings surprise -- despite its 'London Whale' trading fiasco -- was sufficient to win analysts’ confidence, a marked improvement in capital market activity and healthy mortgage [...]

Maintaining its track record, JPMorgan Chase & Company (JPM) reported third quarter earnings per share of $1.40, way ahead of the Zacks Consensus Estimate of $1.21. This also compares favorably with $1.02 earned in the prior-year quarter. Despite the impact of a number of legal and regulatory issues as well as fundamental pressures like low interest [...]

Apollo Commercial Real Estate Finance, Inc. (ARI), a commercial mortgage real estate investment trust (REIT), recently  priced an underwritten public offering of 7 million shares to increase its liquidity. To cover over-allotments, Apollo Commercial also plans to offer an option to underwriters for purchase of an additional tranche in excess of 1 million shares. The [...]

OK OK, that headline is a little misleading. You see, some ATM-servicing employee (not employed by JPM) decided taking REAL money and swapping it with horribly bad FAKE money would be a good idea. HuffPo: Nearly $110,000 in counterfeit bills were discovered at two Chase ATM's in Midtown on Monday. According to police, the forged bills were detected at the bank's branches on West 57th Street and on Ninth Avenue by an alarm monitoring for counterfeit money. They were also easily...

Last week, we saw a host of commentators rush to defend the mini October surprise of a sign of life from the heretofore moribund Mortgage Task Force, in the form of a filing by Eric Schneiderman against JP Morgan for fraud charges under New York's Martin Act, even though we and others took a dim view of the suit. And even though a bit more information has come out, it doesn't change our view that this and parallel cases (which the Mortgage Task Force has said it will launch) will be settled...

JPMorgan Chase & Co. (JPM) is the latest bank to be probed for its alleged involvement in money laundering transactions pertaining to drug cartels, especially in Venezuela and several other economically restricted nations. The Office of the Comptroller of the Currency (OCC) – a self-regulating wing of the U.S. Treasury Department – is conducting the [...]

A New York Times profile of Ina Drew, the former head of the JP Morgan Chief Investment Office, almost certainly produced high fives in the bank's corporate communications office. This piece is the best sort of PR you can get: it treats the trading losses as yesterday's news, of interest only as point of entre into the downfall of a heretofore unknown but once hugely successful and personally appealing trading manager.

Former JPMorgan CEO Bill Harrison appeared on Bloomberg Television's "Market Makers" with Erik Schatzker and Stephanie Ruhle today, where he said, "I wouldn't penalize" Jamie Dimon over the bank's $5.8 billion loss in its CIO unit. Harrison said, "That might be a controversial statement. I think Jamie is doing a great job." Source:  Bloomberg Television Bill  on JPMorgan's $5.8 billion trading loss and what the bank should do about Dimon’s pay: "I would not...

23SPE12Friday I bought JPM via credit put spread, aka selling verticals, OCT 38/40 for a move up in the short term.  Though I was burned on these spreads before, I do like them because time is on your side (time decay that is).  Below is the ...

David Kelly, one of the JP Morgan perma-bulls, said the following in a Barron's article about the fiscal cliff this week; The stock market may have priced in the worst-case scenario, so a post-election kumbaya moment could result in some upside... By kumbaya he means some sort of agreement that staves off the fiscal cliff. Regardless of your politics or your expectations for the market over any time period you care about, this is a ridiculous comment. Year to date the S&P 500 is up 16%...

Chesapeake Lodging Trust (CHSP), a real estate investment trust (REIT),  has recently announced its decision to offer $5.5 million shares to enhance its liquidity. The company has also decided to grant the underwriters a 30-day option to purchase up to an additional 0.8 million shares. Chesapeake intends to use the net proceeds from the offering to [...]

JPMorgan Chase & Co. (NYSE:JPM)'s fashion of monitoring suspect transactions is currently under the crosshairs of a U.S regulatory board. The regulatory board, which provides oversight to U.S banks’ anti-money laundering systems, will focus on possible lapses in JPMorgan Chase & Co. (NYSE:JPM)'s system; particularly the way the bank handles suspect transactions. Well placed sources shed [...]

Courtesy of Benzinga. According to Barron's, Credit Suisse (NYSE: [...]

by Daniel Jennings Okay, we all know that the classic textbook definition of a value stock is a fundamentally good company that has a share value because of some sort of bad news. Not surprisingly, many value investors are wondering if JPMorgan Chase (JPM) fits this definition in the wake of the so-called "London Whale," scandal. Yes, Bruno Iksil, the [...]

JPMorgan Chase & Co. (NYSE:JPM) appointed investment banking veteran Craig Delany as chief investment officer, following its $5.8 billion devastating losses in derivatives trade. Delany previously served as chief operating officer in JPMorgan’s mortgage banking unit, which was also problematic. He also worked in the Investment Bank for 18 years. According to the report from the Wall [...]

JPMorgan Chase & Co. (NYSE:JPM) may have made a staggering $2 billion trading loss in the money markets, but Jamie Dimon and the rest of the company's staff can brace themselves now, and through 2013, as JPMorgan is set to maintain its current position as the best place to work. In a survey that involved about 3500 Wall Street [...]

We have reiterated our long-term Neutral recommendation on JPMorgan Chase & Co. (JPM), based on strong fundamentals and steady performance by its business segments. Further, despite reporting a significant trading loss in the second quarter of 2012, the company substantially outpaced the Zacks Consensus Estimate. Results primarily benefited from lower operating expenses and slowdown in provision [...]

The U.S banking industry attracts banks form around the world, and arguably forms the basis of the Global banking Industry performance. After having taken a dive to the depth of the worst financial crises since the great depression, the last two years have shown glimpses of lost value, as recovery continues across all aspects of [...]

According to the data released by RealtyTrac, total number of foreclosed properties sold in the second quarter of 2012 decreased 12% from the prior quarter and 22% from the prior-year quarter to 224,429 properties. This was the first annual drop in foreclosed property sales after rising for five consecutive quarters. Of the total foreclosed properties sold, [...]

Until recently, the question was how can America break up the big banks. Few even questioned the assumption that this would be bad for shareholders. In shocking news, Sandy Weill the architect of Citigroup Inc. (NYSE:C),  also called for the break up of big banks. Mike Mayo, analyst at Credit Agricole Securities,  believes that the banks could [...]

JPMorgan Chase & Co. (JPM) is facing probe from the Attorneys General and has received subpoena for its possible involvement in the manipulation of the London Interbank Offered Rate (LIBOR), according to a Reuters report. Joint investigations by New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen are currently underway and in that [...]

The market will likely find China’s second quarter GDP growth numbers reassuring as many read last week’s second interest rate cut in less than a month as a sign of a much weaker growth trend. But the inline growth number notwithstanding, it is nevertheless further confirmation that the global economy remains in a precarious state. On [...]

JPMorgan Chase & Co. (JPM) has hit the headlines yet again for the wrong reasons. Israel -based Bank Hapoalim BM has gone to New York State court and is pursuing approximately $361.2 million in residential mortgage-backed securities from JPM, according to a Bloomberg report published last Friday. JPMorgan has been accused on grounds of common-law fraud, [...]

Last week, a federal Judge provided preliminary approval to JPMorgan Chase & Co’s. (JPM) $100 million settlement pertaining to a class-action lawsuit filed by upset credit card holders over violations of credit card terms. The hearing for the final approval is scheduled for November 16, 2012. The Back-Story In 2008-2009, a group of cardholders had accused the [...]

Here’s a depressing thought: America’s productivity is rising on the backs of scared office workers. That’s essentially the explanation offered by Michael Feroli, chief U.S. economist at JPMorgan (JPM), for the 1.6 percent second-quarter gain reported Aug. 8 by the Labor Department. I asked him if there was anything in the data to [...]

JPMorgan Chase & Co. (JPM) has postponed its massive buyback plan yet again. This is the second time that the company has delayed its share repurchase program. The clean up of the multi-billion-dollar trading loss is cited as the reason for this delay. Background In March, after passing the stress test, JPMorgan and other major banks, such [...]

JPMorgan Chase  Co. (NYSE:JPM)'s much awaited and massive stock repurchase plan has been put onto hold for one more quarter, as the bank is still busy with its clean up of London trading disaster Just last month, CEO Jamie Dimon expressed his interest of starting the repurchase in the fourth quarter, but the plans got delayed [...]

Courtesy of Benzinga. var ads_url = ""; document.write(ads_url); As an act of contrition, the highly visible CEO of JPMorgan Chase (NYSE: JPM) Jamie Dimon has purchased 500,000 common shares to restore investor's confidence. [...]

Courtesy of Benzinga. BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) today announced that on July 16, 2012, the compensation committee of BioMarin's board of directors approved the grant to two employees of stock options to purchase 13,400 shares of common stock in the aggregate [...]

Hutchin Hill, another hedge fund that profited from the JPMorgan Chase & Co. (NYSE:JPM) London Whale fiasco, marked its fourth anniversary in the month of July this year. The Hutchin Hill Capital Master Hedge Fund's Q2  reports a rise of 1.73 percent in returns on all fees, while the year to date returns for the [...]

Barron's had a couple of potentially distressing articles this week with one about allegations that JP Morgan transferred bad loans to stable value fund it managed at above mark to market prices and this other one about naked short selling where it is alleged that Goldman Sachs and Merrill Lynch told clients it would let them fail to deliver. Obviously I have no basis to know if any of these are true, partially true or false but if you read the articles you are likely to think it is just...