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Stock Market & Financial Investment News

News Breaks
March 23, 2014
19:04 EDTJPMJPMorgan executuve in China expected to resign, WSJ says
Fang Fang, who is J.P. Morgan's chief executive for China investment banking and vice chairman of investment banking in Asia, is expected to resign amid a probe of the bank's Asian hiring practices, says the Wall Street Journal, citing sources. Reference Link
News For JPM From The Last 14 Days
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August 4, 2015
06:19 EDTJPMGoldman Sachs hired by Petco to lead potential IPO or sale, Reuters reports
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August 3, 2015
19:51 EDTJPMJPMorgan to double cybersecurity spending to $500M in FY15, WSJ says
JPMorgan will spend $500M in FY15 after spending $250M in FY14, reports the Wall Street Journal. Reference Link
July 31, 2015
06:40 EDTJPMU.S. banks prepared to take advantage of Euro lenders' cautions, WSJ says
U.S. banks are preparing to advance in the sector after reporting earnings, with executives touting the gloom coming from their European counterparts as a major opportunity to capitalize on their newfound advantage, the Wall Street Journal reports. On Thursday, Deutsche Bank (DB) CEO John Cryan said that the company must "shrink" its balance sheet, while Barclays (BCS) chairman John McFarlane said that Wall Street lenders are "an enormous threat" to Euro investment banks, the report says. On the other hand, Morgan Stanley (MS) chairman James Gorman said after reporting earnings last week that the company is poised to advanced in the debt trading sector, and that "there's a potential for, over a period of time, share gain for our business," the report says. In addition, Goldman Sachs finance chief Harvey Schwartz said that the company is "seeing potential big restructuring on the European side," the report adds. Publicly traded companies in the European space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Publicly traded companies in the U.S. 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
July 30, 2015
06:55 EDTJPMBanks pitch total-return swaps as stock purchase alternative, WSJ reports
Banks have been pitching certain hedge fund clients on using derivatives instead of actual stocks when placing certain bets in an effort to lessen the impact of new capital rules on the banks' businesses, the Wall Street Journal reports, citing people familiar with the efforts. The shift involves derivatives known as total-return swaps that mirror the effects of owning a stock or other asset, the report says. Units of Bank of America (BAC), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), and UBS (UBS) are among the banks asking clients to shift trades into total-return swaps instead of underlying securities, the report says. Reference Link
July 27, 2015
10:15 EDTJPMJPMorgan breaks support, levels to watch
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06:26 EDTJPMSymphony Communication eyes $1B funding round, WSJ reports
Symphony Communication Services, an instant-messaging software company backed by Wall Street firms including Goldman Sachs (GS), is eyeing an investment round that may value it at as much as $1B, the Wall Street Journal reports, citing people familiar with the matter. The startup is canvassing a range of possible new investors, including venture-capital funds and additional financial firms, the report says. Symphony also wants funds from its existing backers, including Goldman, Morgan Stanley (MS), JPMorgan Chase (JPM), and BlackRock (BLK), the report says. Reference Link
July 23, 2015
07:16 EDTJPMChase Card Services, Southwest announce extension to co-branded card agreement
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07:13 EDTJPMJPMorgan management to meet with Deutsche Bank
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July 22, 2015
06:09 EDTJPM4 arrested men suspected of JPMorgan hacking, NYT reports
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