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Stock Market & Financial Investment News

News Breaks
January 16, 2013
07:23 EDTJPMJPMorgan CEO Dimon's 2012 compensation cut to $11.5M after CIO losses
JPMorgan Chase announced that the Firm's Management Task Force and the Board Review Committee have each concluded their reviews relating to the 2012 losses by the Firm's Chief Investment Office and have released their respective reports. JPMorgan also announced that the Board has approved 2012 compensation for Jamie Dimon, Chairman and CEO, in the amount of $11.5M. This includes salary of $1.5M, flat with the prior year, and incentive compensation of $10M, all in the form of restricted stock units, down 53.5% from the prior year. The Board also deferred, for a period of up to 18 months, up to July 22, 2014, vesting on options in the form of stock appreciation rights it had granted Dimon in January 2008. In making its compensation determinations, the Board focused on the long-term, as well as the annual, performance of the Firm and on the entire range of Dimon's responsibilities, and took into consideration both the continued strong performance of the Firm, and the CIO losses, including Dimon's responsibility as the Firm's CEO, the company stated in a filing and report on its website.
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April 11, 2014
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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April 9, 2014
07:51 EDTJPMJP Morgan April volatility up into Q1 and outlook
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07:50 EDTJPMCEO Dimon says U.S. banking system 'sound,' Europe lagging, Reuters says
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07:18 EDTJPMLevy Economics Institute to hold a conference
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06:35 EDTJPMRegulators increase leverage ratio requirement for large banks, NY Times says
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06:27 EDTJPMBig banks must add capital to comply with new rules, WSJ reports
A of January 1, 2018, the U.S.'s eight largest banks -- including Citigroup (C), JPMorgan (JPM) and Goldman Sachs (GS) -- must add up to $68B in extra capital to comply with a new rule intended to help firms weather losses during periods of market stress, the Wall Street Journal. The banks will be required to maintain well above the minimum levels of capital held against assets on their books. Banks must report the new levels next year. Reference Link
April 8, 2014
07:28 EDTJPMSecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
07:26 EDTJPMElsevier Business Intelligence to hold a conference
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April 7, 2014
19:57 EDTJPMFederal Reserve announces extension on some CLOs
The Federal Reserve Board announced that it intends to exercise its authority to give banking entities two additional one-year extensions to conform their ownership interests in and sponsorship of certain collateralized loan obligations, or CLOs, covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker rule. Section 619 of the Dodd-Frank Act directed the board to adopt rules for the conformance period and the board previously extended the conformance period for all activities and investments by one year to July 21, 2015. To ensure effective compliance, the board intends to grant banking entities two additional one-year extensions, which together would extend until July 21, 2017, to conform their ownership interests in and sponsorship of CLOs to the statute. Publicly traded companies that may be impacted by the announcement 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
08:56 EDTJPMJPMorgan, U.K.'S DFID, CDC to invest $20M combined in Novastar Ventures
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