New User:

-or-
Username:
Password:
Forgot your password?

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.
News For JPM From The Last 14 Days
Check below for free stories on JPM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 29, 2014
06:49 EDTJPMJPMorgan cyber attack said to occur over months, Bloomberg says
Subscribe for More Information
August 28, 2014
08:12 EDTJPMJPMorgan says not seeing 'unusual fraud,' safeguarding information, WSJ reports
Subscribe for More Information
05:55 EDTJPMHackers targeted JPMorgan Chase, 'at least' four other banks, NY Times reports
According to four sources, JPMorgan Chase and "at least" four others were targeted by hackers in a series of attacks this month, the New York Times reports. Hackers infiltrated the computer networks of some banks and stole checking and savings account information from clients, two separate sources say. Security experts and government officials say it is unclear whether Russian hackers are to blame for the attacks. Reference Link
August 27, 2014
15:37 EDTJPMFBI investigating whether Russia involved with JPMorgan hacking, Bloomberg says
Subscribe for More Information
15:20 EDTJPMHackers stole data from JPMorgan, another U.S. bank this month, Bloomberg says
08:00 EDTJPMSEC seen completing rules on MBS detail disclosures, WSJ says
The Securities and Exchange Commission is expected to complete rules requiring banks and other financial institutions to give investors greater detail about the quality of mortgages and other loans pooled into bonds known as asset-backed securities, reported The Wall Street Journal. Publicly traded big U.S banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
August 21, 2014
08:31 EDTJPMMorgan Stanley, JP Morgan selected by Shake Shack to lead IPO, Reuters says
JP Morgan (JPM) and Morgan Stanley (MS) have been picked by Shake Shack to lead the fast-food restaurant chain's IPO, sources tell Reuters. The offering could come as early as this year. Reference Link
06:43 EDTJPMRegulators up bank warning efforts for poor risk assessment, Reuters says
Subscribe for More Information
August 20, 2014
18:29 EDTJPMBofA, JPMorgan weigh plans to raise salaries for junior bankers, Bloomberg says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use