New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 10, 2014
13:33 EDTJPMEarnings Preview: Analysts mixed on JPMorgan into Q1 results
JPMorgan (JPM), a financial holding company, is scheduled to report first quarter earnings before the open on Friday, April 11, with a conference call scheduled for 8:30 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.40 on revenue of $24.53B, according to First Call. The consensus range for EPS is $1.28-$1.54 on revenue of $23.19B-$25.42B. LAST QUARTER: JPMorgan reported higher than expected Q4 earnings, excluding certain items, and slightly lower than expected revenue. The bank’s provision for credit losses tumbled $552M versus the same period a year earlier to $104M, but its mortgage application volumes sank 52% to $31.3B. The net income generated by JPMorgan’s Card, Merchant Services & Auto jumped 23%, year-over-year, and its net income from its mortgage banking unit surged 34%. Its real estate portfolios generated net income of $1.2B, up from $410M. The company’s mortgage production unit generated a $274M loss, and net revenue from its corporate and investment bank dropped to $6.02B from $7.6B in the year-ago period. The bank predicted that its net interest income and net interest margin would be relatively stable in the near-term. On March 26, the bank announced that the Fed had approved its plan to increase its dividend to 40c from 38c and repurchase $6.5B of its own stock. STREET RESEARCH: On April 9, RBC Capital cut its estimates for JPMorgan, but noted that JPMorgan has strong earnings power and a best-in-class management team, and kept a $67 price target and Outperform rating on the shares. More upbeat on JPMorgan was Macquarie, which upgraded the stock to Outperform from Market Perform in a note to investors on April 4. JPMorgan is one of the cheapest ways for investors to benefit from improving U.S. and European economies and increasing short-term interest rates, the firm contended. Additionally, JPMorgan’s asset management business should generate a higher share of the company’s core earnings going forward, Macquarie predicted. This change should be positive for the stock, as asset management companies tend to get high valuations, the firm reported. The firm raised its price target on the shares to $68 from $62. PRICE ACTION: JPMorgan’s stock is little changed this year, but down about 3% in trading this afternoon ahead of tomorrow's earnings report.
News For JPM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 27, 2015
06:46 EDTJPMFed ups scrutiny of U.S. bank payment systems, WSJ reports
Subscribe for More Information
06:34 EDTJPMBanks, investors may suffer from margin calls, WSJ reports
Subscribe for More Information
August 26, 2015
15:59 EDTJPMOptions Update; August 26, 2015
Subscribe for More Information
August 25, 2015
16:06 EDTJPMOptions Update; August 25, 2015
Subscribe for More Information
14:20 EDTJPMFormer JPMorgan analyst charged in $600,000 insider trading scheme
Subscribe for More Information
12:20 EDTJPMOn The Fly: Top stock stories at midday
Subscribe for More Information
11:12 EDTJPMNumerous analysts upgrade Bank of America amid market rebound
Subscribe for More Information
10:03 EDTJPMChase, Enterprise Car Sales announce multi-year private-label agreement
Subscribe for More Information
09:59 EDTJPMOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:35 EDTJPMActive equity options trading on open
Subscribe for More Information
09:13 EDTJPMOn The Fly: Pre-market Movers
Subscribe for More Information
07:28 EDTJPM, JPMJPMorgan upgraded to Buy from Outperform at CLSA
CLSA analyst Mike Mayo upgraded JPMorgan to Buy from Outperform with a $78 price target. Mayo said JPMorgan offers the most stable earnings of U.S. global banks for the past decade, a resilient balance sheet, and a dividend yield above the 10 year bond that implies outperformance 85% of the time historically.
August 24, 2015
18:02 EDTJPMS&P 500 enters correction territory amid global growth concerns
Subscribe for More Information
07:34 EDTJPMJP Morgan volatility at high end of range
Subscribe for More Information
August 21, 2015
08:40 EDTJPMCanadian Security Traders Association to hold a conference
Subscribe for More Information
August 20, 2015
09:03 EDTJPMJPMorgan appoints General Ray Odierno as senior advisor
JPMorgan Chase & Co. announced the appointment of retired four-star General Raymond T. Odierno, former Chief of Staff of the U.S. Army, to a senior advisory capacity at the firm, effective September 1.
August 19, 2015
14:42 EDTJPMBanks cooperate on data company to lower costs, WSJ says
Subscribe for More Information
August 18, 2015
16:58 EDTJPMJPMorgan in talks to settle investment bias charges for $150M, WSJ says
JPMorgan is in advanced discussions with the SEC to settle allegations that it inappropriately guided clients to its own investment products, reports the Wall Street Journal, citing people familiar with the matter. Reference Link
August 17, 2015
06:12 EDTJPMJPMorgan reports July net credit losses 2.31% vs. 2.34% last month
Subscribe for More Information
05:55 EDTJPMJPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Christopher Mutascio upgraded JPMorgan to Outperform with a $77 price target, suggesting total return potential of 16%. Mutascio views the stock's valuation as attractive and highlights the "high dividend yield in a low-interest-rate environment."
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use