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News Breaks | | | | April 12, 2012 | | 12:53 EDT |  | JPM | Earnings 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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News For JPM From The Last 14 Days Check below for free stories on JPM the last two weeks. |
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| May 22, 2013 | | 14:54 EDT |  | JPM | JPMorgan not likely to add new board members soon, Bloomberg says
 Subscribe for More Information | | | 10:31 EDT |  | JPM | JPMorgan spikes higher along with peers, levels to watch
Subscribe for More Information | | | 09:02 EDT |  | JPM | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | 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 | | | 07:11 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 | | 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 | | | 07:14 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. | | |
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