|
News For JPM;CS;BCS;LAZ From The Last 14 Days Check below for free stories on JPM;CS;BCS;LAZ the last two weeks. |
|
|
| May 21, 2013 |
| 16:26 EDT |  | JPM | On The Fly: Closing Wrap
 Subscribe for More Information |
|
| 12:36 EDT | | JPM | On The Fly: Midday Wrap
Subscribe for More Information |
|
| 11:47 EDT |  | JPM | JPMorgan holders vote to keep Dimon as Chairman, CEO
Subscribe for More Information |
|
| 11:09 EDT | | JPM | JPMorgan's Raymond says 'stay tuned' on composition of risk committee
Subscribe for More Information |
|
| 11:03 EDT | | JPM | JPMorgan's Dimon says more regulatory consent orders expected
Subscribe for More Information |
|
| 09:03 EDT |  | JPM | JPMorgan CEO looks set to hold onto chairman role, NY Times reports
Preliminary votes indicate JPMorgan CEO Jamie Dimon will hold onto his title of chairman, New York Times reports, citing people who have seen today's shareholder vote results. Reference Link |
|
| 07:32 EDT | | JPM | JPMorgan's Mowat likes India among emerging market stocks, Economic Times says
Subscribe for More Information |
|
| 07:13 EDT | | JPM | U.S. bank mergers less likely this year, Bloomberg reports
Subscribe for More Information |
|
| 07:12 EDT | | CS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link |
|
| 07:11 EDT | | JPM | JPMorgan board changes expected, WSJ reports
JPMorgan Chase plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, reports the Wall Street Journal.Reference Link |
| |
| 06:10 EDT | | CS, JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. |
|
| 06:08 EDT | | JPM | Surging equity sales in Poland attract investment firms, Bloomberg reports
Subscribe for More Information |
|
| May 20, 2013 |
| 11:37 EDT | | JPM | Calpers votes to separate Dimon's dual roles at JPMorgan, Bloomberg reports
Subscribe for More Information |
|
| 08:30 EDT | | JPM | JPMorgan: Earnings drag for major emerging stock markets, Bloomberg reports
Subscribe for More Information |
|
| 07:50 EDT | | CS, BCS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link |
|
| 07:14 EDT | | JPM | Seven of JPMorgan’s 10 biggest owners run by chairmen/CEOs, Bloomberg reports
Subscribe for More Information |
|
| 06:09 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. |
|
| May 17, 2013 |
| 07:10 EDT | | JPM | JPMorgan asks shareholders to reject chairman, CEO split, WSJ reports
Subscribe for More Information |
|
| 06:06 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. |
|
| May 16, 2013 |
| 13:48 EDT |  | LAZ | Lazard poised to expand margins, says Argus
Subscribe for More Information |
| |
| 12:32 EDT | | BCS, CS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
|
| 12:01 EDT | | JPM | Bill Daley assisting JPMorgan over vote, CNBC's Tausche reports
Subscribe for More Information |
|
| 08:51 EDT |  | JPM | JPMorgan management to meet with UBS
Meeting to be held in New York on May 16 hosted by UBS. |
|
| 07:35 EDT |  | JPM | J.C. Penney May volatility elevated at 106 into Q1
J.C. Penney May call option implied volatility is at 106, June is at 57, July is at 50; compared to its 26-week average of 62 according to Track Data, suggesting larger near term price movement in the expected release of Q1 results after the market close today. |
|
| 06:41 EDT | | JPM | Big banks to benefit from U.S. concession on derivatives, NY Times says
Subscribe for More Information |
|
| 06:12 EDT | | JPM | JPMorgan's Dimon has long helped select new board members, Reuters reports
Subscribe for More Information |
|
| May 15, 2013 |
| 17:03 EDT | | JPM | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). |
|
| 12:30 EDT | | JPM | JPMorgan, Portugal in talks to resolve derivative contracts issue, Reuters says
Subscribe for More Information |
|
| 06:53 EDT | | JPM | JPMorgan holders look unlikely to strip Dimon of chairmanship, FT says
Subscribe for More Information |
|
| 06:34 EDT | | JPM | JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says
JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J |
| |
| 06:15 EDT | | JPM | JPMorgan reports April net credit losses 3.49% vs. 3.48% last month
Reports April delinquency rate 1.70% vs. 1.80% last month. |
|
| May 14, 2013 |
| 18:02 EDT | | JPM | JPMorgan vote to split CEO and Chairman role just above 40%, WSJ reports
Subscribe for More Information |
|
| 08:33 EDT | | JPM | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
|
| 08:24 EDT | | JPM | David Tepper says has 'small position' in JPMorgan
Subscribe for More Information |
|
| 07:28 EDT | | JPM | UBS to host a conference
Subscribe for More Information |
|
| 05:58 EDT | | JPM | JP Morgan volatility at low end of six-year range
JP Morgan May call option implied volatility is at 22, June is at 20, August and September at 19; compared to its 26-week average of 22 according to Track Data, suggesting non-directional price movement. |
|
| 05:44 EDT | | BCS, JPM | Banks work deals from both sides of the field, WSJ reports
Subscribe for More Information |
|
| May 13, 2013 |
| 18:06 EDT | | BCS | Barclays gets shareholder lawsuit over Libor thrown out, Reuters says
Subscribe for More Information |
|
| 15:04 EDT | | JPM | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
|
| 09:17 EDT | | LAZ | Lazard Capital Markets weighing options, including sale, Bloomberg reports
Lazard Capital Markets is the privately-held brokerage spun-off by Lazard Ltd. in 2005. |
| |
| 08:40 EDT |  | LAZ | Lazard files to sell 839,658 shares for selling stockholders
Subscribe for More Information |
|
| 07:41 EDT | | JPM | Dimon role may be decided by board director Raymond's view, NY Times reports
Subscribe for More Information |
|
| 07:07 EDT | | JPM | JPMorgan shares offer good value, says Bernstein
Subscribe for More Information |
|
| 06:49 EDT | | BCS, CS | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information |
|
| 06:22 EDT | | JPM | JPMorgan's Dimon has considered leaving the bank, WSJ reports
Subscribe for More Information |
|
| 06:10 EDT | | LAZ | Lazard volatility at record low
Lazard overall option implied volatility of 21 is below its 26-week average of 26 according to Track Data, suggesting decreasing price movement |
|
| May 10, 2013 |
| 14:21 EDT | | JPM | JPMorgan directors recommend against splitting Chairman, CEO roles
Two of JPMorgan's directors, Lee Raymond and William Weldon, sent a letter to shareholders of the bank urging for re-election of all its existing directors and supporting Jamie Dimon continuing as both Chairman and CEO. The directors, who identified themselves as the Presiding Director and the Chairman of the Corporate Governance & Nominating Committee, stated: "We believe that a vote against our current Directors or a vote to permanently separate the Chairman and CEO positions could be disruptive to the Company and is not in shareholders’ best interests," according to a copy of the letter posted online by Financial Times. Reference Link |
|
| May 9, 2013 |
| 17:12 EDT | | JPM | JPMorgan sued by California for "fraudulent, unlawful debt-collection practices"
Attorney General Kamala D. Harris filed an enforcement action against JPMorgan Chase alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period. Chase used California’s judicial system as a mill to obtain default judgments, the suit alleges, using illegal tactics to flood the state’s court system in order to secure default judgments and garnish wages from Californians. Reference Link |
|
| 08:09 EDT | | JPM | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link |
|
| 07:35 EDT | | JPM | Platts to host a conference
Subscribe for More Information |
| |
| 06:40 EDT | | JPM | Calpers to support separation of chairman, CEO roles at JPMorgan, NY Times says
Subscribe for More Information |
|
| 05:43 EDT | | JPM | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link |
|
| 05:39 EDT | | JPM | JPMorgan looks for more board directors for its risk committee, WSJ reports
Subscribe for More Information |
|
| May 8, 2013 |
| 19:52 EDT | | JPM | JPMorgan discloses receipt of Wells-type notice from FERC
In a regulatory filing, JPMorgan disclosed that the Federal Energy Regulatory Commission is investigating the firm’s bidding practices in certain organized power markets. In March, the firm received a Wells-type notice that the FERC staff intends to recommend that the Commission bring a possible enforcement action against J.P. Morgan Ventures Energy, JPMorgan Chase, and certain firm personnel relating to alleged violations of FERC rules and the rules of certain independent system operators. Additionally, in November 2012, the FERC issued an order suspending JPMVEC’s market-based rate authority for six months commencing on April 1, based on its finding that statements concerning discovery obligations made in submissions related to the FERC investigation violated FERC rules regarding misleading information. |
|
| 16:18 EDT | | JPM | FERC delivers 'wells-type' notice to JPMorgan on energy probe, Bloomberg reports
|
|
| 10:57 EDT | | JPM | ICU Medical jumps after report says company considering sale
Subscribe for More Information |
|
| 10:20 EDT | | JPM | JPMorgan chooses Bisso to run North America investment office, Bloomberg says
Subscribe for More Information |
|
| 09:45 EDT | | JPM | JPMorgan named Erik Bisso as CIO for North America, Bloomberg reports
Subscribe for More Information |
|
| May 7, 2013 |
| 19:49 EDT | | LAZ | Lazard shares look cheap, Barron's says
Subscribe for More Information |
|
| 12:38 EDT | | BCS | Citigroup sues Barclays over Lehman losses, Reuters says
Subscribe for More Information |
| |
| 10:56 EDT | | JPM | Second firm recommends JPMorgan split CEO, Chairman roles, FT reports
Subscribe for More Information |
|
| 10:28 EDT | | JPM | JPMorgan may cut commodity trader jobs in London, Dubai, Bloomberg says
Subscribe for More Information |
|
| 07:10 EDT | | JPM | Three major JPMorgan shareholders undecided on Dimon's roles, WSJ reports
Subscribe for More Information |
|
| 06:07 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports. |
|
| 06:01 EDT | | JPM, BCS | Antero Resources, controlled by Warburg Pincus, plans IPO, Reuters reports
Denver-based Oil and gas company Antero Resources, controlled by Warburg Pincus LLC, is preparing for an IPO that could value it at as much as $10B, sources say, reports Reuters. Antero hired Barclays (BCS), JP Morgan Chase (JPM) and Citigroup (C) to lead the deal, sources added. Reference Link |
|
| 05:50 EDT | | JPM | Mortgage lenders ease standards for 'prime' borrowers, WSJ reports
Subscribe for More Information |
|
|
|
|
|
