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Stock Market & Financial Investment News

News Breaks
April 12, 2012
12:53 EDTJPMEarnings Preview: Analysts upbeat on JP Morgan into results
JP Morgan (JPM) is expected to report Q1 earnings before the market open on Friday, April 13, with a conference call scheduled for 8:30 am ET. The consensus estimate is $1.18 for EPS and $24.68B for revenue, according to First Call. In a note to investors on April 10, FBR Capital said that it expects JP Morgan to report strong Q1 results. The firm, which raised its target on JP Morgan to $50 from $46, expects the bank's results to be boosted by its exposure to mortgage banking and capital markets. Moreover, the firm expects all of the large banks to benefit from either an improving political environment or an economic rebound, and it maintains an Outperform rating on JP Morgan. Also upbeat on JP Morgan was Raymond James, which raised its target on the stock to $52 from $47 on March 26. The firm raised its Q1 EPS estimate for the bank by 14c to $1.15, citing an improved outlook for JP Morgan's investment bank and mortgage banking operations. Raymond James also expects the bank's Q1 results to get a boost from continued commercial loan growth and credit quality improvements and maintained its Strong Buy rating. Additionally, Citigroup and Bank of America Merrill Lynch raised their price targets on JP Morgan shares in late March. In an annual letter to shareholders released on April 4, JP Morgan CEO Jamie Dimon said the bank's losses from its mortgage operations "are increasingly less severe." These losses, which are primarily responsible for the difference between what the bank is earnings and its profit potential of $23B-$24B, should last "a while longer," wrote Dimon, adding that the bank expects its earnings to increase over time.
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April 11, 2014
07:18 EDTJPMJPMorgan down 1.6% in pre-market trading after Q1 report
07:13 EDTJPMJPMorgan reports Q1 mortgage application volumes down 57% from prior year
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07:10 EDTJPMJPMorgan CEO Dimon has 'growing confidence' in economy
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07:07 EDTJPMJPMorgan Q1 Basel III Tier 1 common ratio 9.5%
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07:06 EDTJPMJPMorgan Q1 headcount down 8,904 from prior year to 246,994
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07:06 EDTJPMJPMorgan reports Q1 provision for credit losses $850M
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07:04 EDTJPMJPMorgan board authorizes firm to repurchase $6.5B of common equity
The board authorized the firm to repurchase $6.5B of common equity commencing within Q2 this year through the end of the first quarter of 2015. During the first quarter of 2014, the Firm repurchased $400M of common equity. The Federal Reserve Board informed the Firm that it does not object to the Firm’s proposed 2014 capital distribution plan.
07:03 EDTJPMJPMorgan reports Q1 Consumer and Community Banking revenue $10.46B
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07:03 EDTJPMJPMorgan board increases quarterly dividend to 40c from 38c
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07:01 EDTJPMJPMorgan reports Q1 Basel 1 Tier 1 Capital Ratio 12.1%
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07:01 EDTJPMJPMorgan reports Q1 EPS $1.28, consensus $1.40
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07:00 EDTJPMJPMorgan reports Q1 EPS $1.28, consensus $1.40
Reports Q1 revenue $22.99B, consensus $24.53B
06:03 EDTJPMJPMorgan CEO Jamie Dimon hopes to minimize corporate cash, WSJ says
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April 10, 2014
15:25 EDTJPMNotable companies reporting before tomorrow's open
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13:33 EDTJPMEarnings Preview: Analysts mixed on JPMorgan into Q1 results
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13:08 EDTJPMJP Morgan April weekly 58 straddle priced for 2% move into Q1
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08:37 EDTJPMDimon admits JPMorgan had 'tin ear' when listening to regulators, Reuters says
JPMorgan CEO Jamie Dimon said the company had a “tin ear” when dealing with regulators before settling investigations into mortgage lapses and trading losses, according to Reuters, citing comments from Dimon in a letter to the bank's investors. Dimon said, "Our response generally was, ‘We know what we’re doing.' Well, we should have done more self-examination. We need to be better listeners.” Reference Link
07:43 EDTJPMJPMorgan (JPM) CEO says 2013 was a year of 'pain,' WSJ reports
J.P. Morgan CEO Jamie Dimon acknowledged in his annual shareholder letter that legal issues and new regulations faced by the bank made 2013 "the most painful, difficult and nerve-wracking experience" he has ever dealt with professionally, reported The Wall Street Journal. Reference Link
06:41 EDTJPMGo Daddy hires Morgan Stanley, JPMorgan for IPO, NY Times says
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06:35 EDTJPMMobile banking presents opportunity and risks for banks, WSJ reports
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