News Breaks |
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| February 26, 2013 |
| 09:11 EDT |  | JPM | JPMorgan sees adding about 100 net branches annually in 2013-2014
Says ended 2012 with branch count of 5,614. Sees having about two thousand existing branches offering Chase Private Client services by end 2013. Says key indicators suggest the housing market has turned the corner. Says Real Estate Portfolos reserves and net charge-offs generally declining at consistent rate, with net charge-offs declining faster than delinquencies. Sees total quarterly net charge-offs in Mortgage Banking likely to be +/- $550M. Says challenges to Mortgage business will continue but "the worst is behind us." |
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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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| June 19, 2013 |
| 15:05 EDT | | JPM | Bernanke says largest banks at or near compliant to Basel III rules
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| June 17, 2013 |
| 09:36 EDT | | JPM | JPMorgan reports May net credit losses 3.34% vs. 3.49% last month
Reports May delinquency rate 1.60% vs. 1.70% last month. |
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| 08:09 EDT | | JPM | JPMorgan confirms launch of asset tracking service
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| 07:50 EDT |  | JPM | Move to relaunch synthetic CDOs falls apart, FT reports
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| 07:42 EDT | | JPM | JPMorgan to begin asset tracking service, FT reports
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| 07:13 EDT | | JPM | Bank profits seen hurt by rising rates with no growth, Bloomberg reports
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| 06:14 EDT | | JPM | On the Fly: Periodicals Wrap-Up
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| June 14, 2013 |
| 09:05 EDT | | JPM | JPMorgan says One Equity Partners to raise future funds independently
JPMorgan Chase announced that the partners of One Equity Partners, the firm’s private equity unit, will begin to raise their next fund from an external group of limited partners and become independent from JPMorgan Chase. One Equity Partners currently manages approximately $4.5B of investments for JPMorgan Chase in direct private equity transactions and has produced strong returns over the last twelve years. OEP will continue to make direct investments for JPMorgan Chase for an interim period. OEP will still manage the existing group of portfolio companies for JPMorgan Chase to maximize value for the firm. |
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| 09:05 EDT | | JPM | JPMorgan says One Equity Partners to become independent
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| June 12, 2013 |
| 18:30 EDT | | JPM | JPMorgan cuts 1,800 jobs in mortgage servicing, CNBC reports
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| 15:54 EDT | | JPM | JPMorgan cuts 1,800 jobs in mortgage servicing unit, CNBC reports
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| 07:21 EDT |  | JPM | The NYSSA to host a conference
23rd Annual High Yield Bond Conference is being held in New York on June 12. |
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| 06:41 EDT | | JPM | Firm says JPMorgan was top investment bank in Q1, Reuters reports
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| 06:04 EDT | | JPM | Coty to price its IPO later today, WSJ reports
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| 05:58 EDT | | JPM | Some major banks get two year delay on swap rule, WSJ reports
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| June 11, 2013 |
| 18:35 EDT | | JPM | Banks given extension to spin off swaps units, WSJ reports
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| 13:49 EDT | | JPM | JPMorgan's Dimon sees 4%-5% rate on ten-year
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| 13:27 EDT | | JPM | JPMorgan said reserves on mortgages will be down this quarter
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| 13:20 EDT | | JPM | JPMorgan's Dimon said bank did everything they thought was right on 'Whale'
The CEO continued, saying there was no "lying or hiding" on London Whale. |
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| 13:11 EDT | | JPM | JP Morgan's Dimon sees no acquisitions in bank's foreseeable future
Dimon said we are pretty much at the "cap' in the U.S. and the bank prefers to grow organically in Europe. |
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