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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.
News For JPM From The Last 14 Days
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January 28, 2015
16:56 EDTJPMFederal judge says FOREX manipulation case to proceed, Reuters reports
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January 27, 2015
13:20 EDTJPMJPMorgan made as much as $300M on franc move, Bloomberg says
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12:45 EDTJPMJPMorgan made as much as $300M on Swiss franc move, Bloomberg says
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January 26, 2015
12:49 EDTJPMFederal Reserve discloses plan to improve U.S. payment system, WSJ reports
The Federal Reserve released a plan that would improve the U.S. payment system, saying the current outlook, which covers banking, checking, credit cards and online transactions is fragmented and outdated with respect to new technologies that may harm consumers, the Wall Street Journal reports. The Federal Reserve invited banks, credit card companies and payment processors to coordinate efforts. 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
January 25, 2015
17:30 EDTJPMDelta Air Lines, Ford, four others could shine this year, Barron's says
Delta Air Lines (DAL), Ford (F), Discover (DFS), JPMorgan Chase (JPM), Lam Research (LRCX), and Micron Technology (MU) could all provide growth at a reasonable price this year, Barron's contends in a feature article. Reference Link
January 23, 2015
07:23 EDTJPMBass does not expect large U.S. banks to break up
Publicly traded companies in the space include Bank of America (BAC), Citi (C), JPMorgan (JPM), and Wells Fargo (WFC). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:42 EDTJPMU.S. banks preparing for prolonged low bond yields, Reuters says
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January 22, 2015
16:22 EDTJPMJPMorgan CEO Dimon gets stock-based compensation of 198.5K shares for 2014
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14:36 EDTJPMCFPB fines Wells Fargo, JPMorgan for kickback scheme
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06:26 EDTJPMJPMorgan CEO expected to receive $20M pay package for 2014, WSJ reports
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January 21, 2015
13:54 EDTJPMJPMorgan could lose $1.5B as a result of 2008 error, Reuters says
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January 20, 2015
06:58 EDTJPMBlackRock, Fidelity close to launching 'dark pool,' WSJ reports
Some of the largest mutual fund firms, including Fidelity, BlackRock (BLK), Bank of New York Mellon (BK),, T. Row Price (TROW) and JP Morgan (JPM) are among the firms that are close to launching a new "dark pool," The Wall Street Journal reports, citing sources. The effort, which involves nine firms in total, would look to shut out sell-side trading desks and high-speed trading firms. Reference Link
January 16, 2015
16:36 EDTJPMMarket finishes week lower on continued oil, global growth worries
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