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Stock Market & Financial Investment News

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May 14, 2014
07:10 EDTMS, BAC, GS, CS, JPMSecurities Industry & Financial Markets Association to hold a conference
15th Annual Market Structure Conference is being held in New York on May 14.
News For JPM;GS;MS;CS;BAC From The Last 14 Days
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July 14, 2015
07:23 EDTJPMJPMorgan reports Q2 Firm NIM up 2 bps sequentially to 2.09%
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07:23 EDTJPMJPMorgan sees CIB simplification to cause Q3 Markets revenue to be down 9%
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07:20 EDTJPMJPMorgan sees year-over-year core loan growth to continue at 10%+/-
Firmwide, JPMorgan expect year-over-year core loan growth to continue at 10%+/-, expects 2H15 NCOs to be consistent with 1H15, and expects FY15 adjusted expense of $57B+/-. In Consumer & Community Banking, the bank expects Mortgage Banking noninterest revenue for FY15 to be down about $1B year-over-year on lower servicing revenue as well as lower repurchase benefits, expects Card Services revenue rate in 2015 to remain at the low end of the target range of 12%-12.5% and expects Card Services FY15 NCO rate to be slightly less than 2.5%. In Asset Management, the bank expects FY15 pretax margin and ROE to be at the low end of its TTC targets. In Commercial Banking, the bank expects expense to be about $720M per quarter for the rest of the year. Guidance from slides for Q2 earnings conference call.
07:06 EDTJPMJPMorgan rises 2% to $69.38 after Q2 earnings top consensus
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07:04 EDTJPMJPMorgan CEO Dimon says businesses performed well in quarter
Jamie Dimon, Chairman and CEO, commented on the Q2 financial results: “Our Company had strong results this quarter, and each of our businesses performed well, with broad and consistent underlying growth. This quarter was another example of the power of our platform and risk discipline, and of being there for our clients – as we always are – in good times and in volatile markets. We are focused on executing on our commitments and we’ve made good progress this quarter, including meeting regulatory requirements, reducing non-operating deposits, and adding to our capital. We are also on target to deliver on our expense commitments. We continue to add value to our customers, clients and communities, and, as always, we operate with fortress principles."
07:03 EDTJPMJPMorgan reports tangible book value per share up 7% to $46.13
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07:00 EDTJPMJPMorgan reports Q2 EPS $1.54, consensus $1.44
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06:08 EDTGSEthan Allen, La-Z-Boy rival Ashley Furniture won't be sold, WSJ reports
Ashley Furniture CEO Todd Wanek and Chairman Ron Wanek say that their family has decided not to sell the furniture retailer and will retain their controlling stake, The Wall Street Journal reports. The publication previously said Ashley was working with Goldman Sachs to explore a potential deal, with possible bidders including several private equity firms. The company confirmed that several potential suitors indicated interest in Ashley. Reference Link
July 13, 2015
16:00 EDTBAC, JPMOptions Update; July 13, 2015
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15:42 EDTJPMJPMorgan technical notes ahead of earnings
Shares have been in a strong uptrend since rallying off the lows of early February. At the current price of $68.11 the stock is close to its life high at $69.82. On stronger than expected news, that life high may be taken out which would open up a new range at the $70 to $72.50 area. If the news or outlook disappoint, the first support level of significance is the 50-day moving average at $66.84. A breakdown below the 50-day would turn the short-term trend to bearish, with next supports at $65.08 and $64.27.
15:02 EDTJPMJPMorgan July straddle 68 priced for 2.6% movement into Q2
15:01 EDTJPMNotable companies reporting before tomorrow's open
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14:23 EDTJPM, GSEarnings Watch: JPMorgan reports with analyst sentiment mixed after forex fine
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13:14 EDTGSGoldman Sachs July volatility increases into Q2 and outlook
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13:03 EDTGSGoldman Sachs to acquire Imprint Capital
Goldman Sachs Asset Management, or GSAM, announced it has entered into an agreement to acquire Imprint Capital. Imprint’s team of investors collectively brings decades of effective governance, or ESG, and impact investing experience across public and private markets on a global basis. This acquisition deepens GSAM’s ability to deliver market-leading ESG and impact investment opportunities, advice and portfolio analytics for our clients seeking to clearly align their portfolios with their broader values and objectives. As part of this transaction, the Imprint team will join GSAM and continue to be based in San Francisco and maintain a presence in New York. Subject to certain conditions, the transaction is expected to close in the next few months.
10:43 EDTJPMMalloy steps down as JPMorgan's institutional solutions head, Bloomberg reports
Matt Malloy has stepped down as JPMorgan's head of institutional solutions and advisory, a source tells Bloomberg. The source says the bank is currently considering options for Malloy's replacement. Reference Link
09:16 EDTMSNationstar hires Steve Covington as Chief Compliance Officer
Nationstar Mortgage Holdings (NSM) announced the hiring of Steve Covington as Chief Compliance Officer and Tony Ebers as EVP of Originations. Covington brings more than 20 years of senior leadership experience in risk management and compliance in the mortgage industry where he most recently served as Executive Director of Morgan Stanley’s (MS) residential mortgage risk management unit.
08:41 EDTJPMJP Morgan volatility elevated into Q2 and outlook
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08:25 EDTJPMRepresentative Neugebauer hosts a roundtable
Fixed-Income Liquidity Roundtable examines the heightened concerns regarding liquidity in the fixed-income markets. Participants include SEC Commissioner Gallagher, CFTC Commissioner Bowen, JPMorgan Chase Chief Regulatory Affairs Officer O'Connor, GE Capital Deputy Treasurer Yoh and Managing Director of Trading Riaz of BlackRock in Washington, D.C. on July 13 at 2:30 pm. Webcast Link
06:51 EDTBAC, JPM, MS, GSU.S. banks prepare for higher loan losses, Reuters reports
U.S. banks might begin preparing for higher loan losses in the coming quarters after falling oil prices have made oil producers more likely to default on loans, Reuters reports, citing analysts. Banks are expected to set aside money to cover bad loans when they post results over the next few quarters, the report says. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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