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Stock Market & Financial Investment News

News Breaks
February 26, 2013
09:14 EDTV, JPMJPMorgan announces new partnership with Visa, Chase Merchant Services
JPMorgan Chase (JPM) announced during its Investor Day presentation a new payments partnership with Visa (V). Chase Merchant Services, a customized processing and end-to-end payments platform in partnership with Visa, will be in market by year end, according to JPMorgan's presentation.
News For JPM;V From The Last 14 Days
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November 25, 2014
16:12 EDTJPMWebster Financial receivess approvals to acquire HSA from JPMorgan Chase Bank
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November 24, 2014
07:01 EDTJPMFed could further restrict banks' commodities businesses, NY Times says
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November 23, 2014
15:30 EDTVVisa sees put option for Visa Europe in excess of $10B
In a regulatory filing from early Friday, Visa said, "We have granted Visa Europe a put option, which Visa Europe can exercise at any time and which would require us to purchase all outstanding capital stock from Visa Europe's members within 285 days. Given current economic conditions, the purchase price under the terms of the put option could likely be in excess of $10B dollars and we may need to obtain third-party financing in order to meet our obligation through the issuance of either debt or equity. An equity offering, or the payment of part of the exercise price with our stock, would dilute the ownership interests of our stockholders. Sufficient financing might not be available to us within that time on reasonable terms. In addition, we are required to assess any change in the fair value of the put option on a quarterly basis and record adjustments as necessary on our consolidated statements of operations. Consequently, the adjustments affect our reported net income and earnings per share. These quarterly adjustments and their resulting impact on our reported statements of operations could be significant. The existence of these changes in the fair value of the put option could adversely affect our ability to raise capital and increase any associated costs. If we acquire Visa Europe, we may also encounter difficulties in integrating Visa Europe's business and systems into our existing operations. If we cannot do so quickly and cost-effectively, the integration could divert the time and resources of senior management and other key resources, disrupt our current operations and adversely affect our results of operations. In addition, we would become subject to any ongoing or future regulatory disputes as a result of EU regulations that govern the operations of Visa Europe. We may also be required to assume any ongoing or future litigation involving Visa Europe."
November 21, 2014
07:41 EDTJPMGoldman, Morgan Stanley, JPMorgan grilled on commodities, WSJ says
Sen. Carl Levin, the retiring chairman of the Senate Permanent Subcommittee on Investigations, accused Goldman Sachs (GS) of manipulating aluminum markets and also said JPMorgan Chase (JPM) and Morgan Stanley (MS) obscured their investments in metals or natural gas from regulators as representatives of the banks took part in a hearing that is part of a larger probe into their dealings in commodities markets, reported The Wall Street Journal. Reference Link
07:24 EDTJPMBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 20, 2014
06:30 EDTJPMSenate panel says banks could influence commodity prices, NY Times says
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November 19, 2014
12:38 EDTJPMSenate Homeland Security & Government Affairs Committee to hold a hearing
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07:51 EDTJPMClearing House Payments Company to hold a conference
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07:37 EDTJPMCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 18, 2014
09:01 EDTJPMJPMorgan announces municipal bond agreement with LPL Financial
JPMorgan Chase & Co. (JPM) announced that it has signed an agreement with LPL Financial (LPLA) to provide access to new issue municipal bonds to LPL financial advisors. Under the agreement, LPL will be a preferred retail dealer for J.P. Morgan, further expanding the investment bankís distribution channels for new issue municipal bonds.
06:23 EDTVSprint names Douglas Michelman to management team, to replace Bill White
Sprint (S) announced the appointment of Douglas Michelman to Sprintís leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelmanís communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
November 17, 2014
10:06 EDTJPMSears Canada, JPMorgan Chase announce changes to credit card program
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06:18 EDTJPMJPMorgan reports October net credit losses 2.26% vs. 2.24% last month
Reports October delinquency rate 1.34% vs. 1.30% last month.
06:07 EDTVStocks with implied volatility below IV index mean; CREE V
Stocks with implied volatility below IV index mean; Cree (CREE) 37, Visa (V) 17 according to iVolatility.
November 16, 2014
17:42 EDTJPMJPMorgan settles mineral rights suit in Texas, Bloomberg says
JPMorgan settled a lawsuit by Texas mineral-rights owners that accused the bank of negotiating "sweetheart deals" with oil company clients to cheat them out of $681M in compensation, says Bloomberg. Beneficiaries of the South Texas Syndicate Trust alleged that JPMorgan entered into favorable deals for its commercial banking clients on the trustís rights in the Eagle Ford, added Bloomberg. Reference Link
November 14, 2014
08:43 EDTVVisa price target raised to $305 from $241 at Pacific Crest
Pacific Crest increased its price target on Visa as the firm is more upbeat about the pace of the company's innovations after meeting with its Global Head of Innovation and Strategic Partnerships. The firm believes that the company's innovations lower its disintermediation risk and may boost its transaction growth and enable it to launch new value-added services. The firm keeps an Outperform rating on the shares.
November 13, 2014
07:38 EDTV, JPMBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:24 EDTVSunTrust to hold a conference
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06:05 EDTVStocks with implied volatility below IV index mean; PCLN V
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