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Stock Market & Financial Investment News

News For V;JPM From The Last 14 Days
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February 9, 2016
12:46 EDTJPMBarclays names Paul Compton as Group COO
Barclays (BCS) has appointed Paul Compton as Group COO. Compton will join Barclays from JP Morgan Chase (JPM) in May into a newly configured role. He will join the Executive Committee of Barclays and report directly to the Group CEO Jes Staley. In this role, Compton will be responsible for Operations & Technology, Structural Reform, Cost Transformation, Major Project Delivery, Administration, Corporate Real Estate Services, and Sourcing. He will chair the Group Operating Committee.
10:21 EDTVRising competition may weigh on PayPal margins, analyst says
Research firm Piper Jaffray warned that PayPal continues to face increased competition, which may weigh on its results. Meanwhile, the company announced a change in its Chief Technology Officer. PIPER STICKS WITH SELL RATING: Other leading digital payment systems are becoming more competitive with PayPal's offering, according to well-known Piper Jaffray analyst Gene Munster. More financial and technology competitors - including Visa (V), MasrterCard (MA), Google (GOOG,GOOGL), Samsung and Apple (AAPL) - are offering "similar functionality" to PayPal, Munster believes. Moreover, Apple and and Samsung will begin accepting mobile Web payments in 2016, intruding on PayPal's core competency, and Facebook (FB) is looking to partner with multiple players in the space, Munster noted. The credit card networks are poised to launch online checkout systems, further increasing PayPal's competition, Munster warned. In the face of all this competition, PayPal's appeal to its customers is questionable, according to the analyst, who kept a $33 price target and Underweight rating on the shares. WHAT'S NOTABLE: PayPal announced that its CTO, James Barrese, would resign "to take time off." Barrese will be replaced, effective April 1, by Sri Shivananda, who led eBay's (EBAY) Global Platform and Infrastructure team, PayPal reported. Shivananda's team has worked closely with PayPal, the company noted. PRICE ACTION: In early trading, PayPal slipped about 1% to $33.30.
09:58 EDTJPMJPMorgan volatility increases
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09:28 EDTJPMMarkit acquires syndicated loan technology from JPMorgan
Markit (MRKT) announced it has acquired systems integration software developed by J.P. Morgan (JPM). Markit will make the software available to sellside and buyside institutions seeking to integrate with major systems used in the syndicated loan market, including agent servicing platforms and Markit's trade settlement services. Financial terms of the acquisition were not disclosed. The transaction is not expected to have a material impact on Markit's financial results this year.
09:09 EDTVGoldman to hold a conference
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07:43 EDTJPMMorgan Stanley punished more than peers amid banking rout, WSJ reports
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05:55 EDTVPiper's Munster sees PayPal product differentiation being reduced
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05:48 EDTJPMJPMorgan volatility elevated as shares trend lower
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February 8, 2016
06:31 EDTJPMNorway's oil fund tells U.S. banks to split CEO-chairman positions, FT says
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February 5, 2016
10:02 EDTJPMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded on valuation at Argus... Allstate (ALL) upgraded to Buy from Neutral at Citi... CACI (CACI) upgraded to Buy from Neutral at Citi... Coca-Cola Enterprises (CCE) upgraded to Neutral from Negative at Susquehanna... Coca-Cola (KO) upgraded to Neutral from Negative at Susquehanna... Comcast (CMCSA) upgraded following Q4 results at Argus... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Fluidigm (FLDM) upgraded to Buy from Neutral at Mizuho... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark... Goldman Sachs (GS) upgraded to Buy at UBS... JPMorgan (JPM) upgraded to Buy from Neutral at UBS... KeyCorp (KEY) upgraded to Buy from Neutral at UBS... Kona Grill (KONA) upgraded to Outperform from Market Perform at Telsey Advisory... LPL Financial (LPLA) upgraded to Neutral at Susquehanna... Level 3 (LVLT) upgraded to Overweight from Equal Weight at Stephens... Resolute Forest (RFP) upgraded to Outperform from Sector Perform at RBC Capital... Suburban Propane (SPH) upgraded to Buy from Neutral at Citi... Sysco (SYY) upgraded at Argus... U.S. Concrete (USCR) upgraded to Buy from Neutral at Citi... Ubiquiti (UBNT) upgraded to Buy from Hold at Wunderlich... United Natural Foods (UNFI) upgraded to Sector Perform from Underperform at RBC Capital... Weatherford (WFT) upgraded to Strong Buy from Market Perform at Raymond James... Whole Foods (WFM) upgraded to Neutral from Underperform at Longbow... Wi-LAN (WILN) upgraded to Speculative Buy from Hold at Canaccord.
07:39 EDTJPMJPMorgan upgraded to Buy at UBS
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07:28 EDTJPMJPMorgan upgraded to Buy from Neutral at UBS
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February 4, 2016
15:21 EDTJPM, VAmazon renews card agreement with JPMorgan, WSJ says
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14:36 EDTJPMAmazon renews co-brand credit card pact with JPMorgan, Dow Jones says
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06:58 EDTJPMFed official supports tougher bank stress tests, Reuters reports
Boston Fed president Eric Rosengren said that he supports tougher stress tests for "too big to fail" banks, including larger capital investments that would make them "even more binding," Reuters reports. Rosengren said that stress test changes have reduced the likelihood that systemically important financial firms would fail, the report says. 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
06:51 EDTJPMBofA doesn't deserve to be in 'stock market doghouse,' WSJ says
Bank of America (BAC) is currently in the "stock market doghouse," but doesn't deserve to be, David Reilly of the Wall Street Journal's Ahead of the Tape says. The overall beating of U.S. bank stocks has come amid the greater market selloff, reflecting the fact that slowing growth has brought doubt on the Fed's ability to raise rates in March, Reilly says. Since a rate increase is a far-off prospect, investors have little reason to own bank stocks, though Bank of America's valuation assumes "too dire an outcome," the report says. Banks with international outreach, such as Citi (C), are still arguably further behind in post-crisis cleanup, but Bank of America is more focused on the domestic U.S. economy and prices a U.S. recession as a given, not a possibility, the report says. Other large U.S. banks include Wells Fargo (WFC), JPMorgan (JPM), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB), BB&T (BBT), PNC Financial (PNC), and SunTrust (STI). Reference Link
February 3, 2016
16:50 EDTJPMSignature Bank announces underwriters' purchase of additional shares
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February 2, 2016
18:39 EDTJPMAlibaba leads $794M funding round for augmented reality firm Magic Leap
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February 1, 2016
11:45 EDTJPMJPMorgan to buy almost $1B worth of LendingClub personal loans, WSJ says
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08:51 EDTVVisa should be bought on weakness, says Pacific Crest
After Visa reported higher than expected EPS, Pacific Crest says that the company can generate around 15% EPS growth even if the macro economy weakens. The firm says that the company's secular trends remain strong, and it keeps an $80 price target and Overweight rating.
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