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Stock Market & Financial Investment News

News For V;JPM From The Last 14 Days
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March 5, 2015
18:00 EDTJPMJPMorgan releases results of 2015 Dodd-Frank Stress Test
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16:47 EDTJPMFed stress test reveal all 31 banks meet capital requirements
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15:07 EDTJPMJPMorgan weekly increases into part one of stress test results
JPMorgan March weekly call option implied volatility is at 30, March is at 20, April is at 18, June is at 17; compared to its 26-week average of 19 according to Track Data, suggesting non-directional price movement into near tem price movement into part one of stress test results.
11:34 EDTVCostco sees FY15 CapEx $2.5B-$2.7B
Costco (COST) says plans to open 20 new locations for rest of FY15. Sees opening "just a few" locations in Q3, 18 in Q4, with 10 in the U.S. and 10 international locations. Says U.S. Canada renewal rates at 91% in Q2. Says co-branded credit card with Citi (C), Visa (V) to be fee free. Believes deal will benefit shareholders long-term. Still sees FY15 CapEx $2.5B-$2.7B. Reports Q2-end membership 32.7M. Comments made on the Q2 earnings conference call. Costco is up 1.98% to $150.09 in late morning trading.
07:57 EDTJPMBrookings Institution holds a discussion
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March 4, 2015
11:25 EDTJPMJPMorgan, Goldman Sachs win dismissal of price fixing claims, Reuters says
U.S. District Judge Katherine Forrest has dismissed the aluminum price fixing lawsuit against JPMorgan (JPM), Goldman Sachs (GS), and Pacorini Metals, reports Reuters. Forrest stated the evidence failed to suggest the companies participated in unlawful conduct. Reference Link
11:16 EDTJPMJPMorgan, Goldman Sachs win dismissal of aluminum price-fixing suit, CNBC says
CNBC said in a tweet that JP Morgan and Goldman Sachs have won the dismissal of a U.S. aluminum price-fixing lawsuit. Reference Link
09:36 EDTVActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA AMZN CELG MCD SINA TSLA V TWTR PBR
07:22 EDTJPMBanks, not Apple, on hook for 'post-Apple Pay fraud,' says Trustev
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March 3, 2015
13:04 EDTJPMJPMorgan weekly flat into stress test results
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10:20 EDTJPMJPMorgan to pay $50M in settlement with Justice Department
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08:30 EDTVVisa should benefit from proliferation of token services, says Pacific Crest
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06:50 EDTJPMJPMorgan's consumer business outshining its investment bank, NY Times says
In a reversal from the last several years, JPMorgan's consumer banking business seems to be performing better than its investment bank, The New York Times wrote, after viewing presentations by the heads of both banks. The head of the consumer bank, Gordon Smith, is in line to succeed Jamie Dimon as JPMorgan's CEO if he steps down in the near future, the newspaper noted. Reference Link
March 2, 2015
11:06 EDTVVisa, Accenture, Pizza Hut partner for 'connected car' commerce experience
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10:41 EDTJPMJPMorgan investment banking head sees 'very active' year, Bloomberg says
Dorothee Blessing, JPMorgan's vice chairman of EMEA investment banking, stated in a Bloomberg interview that “We expect 2015 to continue to be very active," similar to last year's cross-border deals and transactions in health care and telecoms, media and technology. Blessing said , "We see a continuous flow of ECM activity this year and the pipeline for IPOs is robust.” Separately today, she appointed Callum Mitchell-Thomson as head of investment banking for Germany. Reference Link
10:02 EDTJPMSantander names Scott Powell CEO of Santander Holdings USA
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09:03 EDTVU.S. Bancorp announces working with Samsung mobile payment service
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08:11 EDTVCapital One slips after Costco enters co-brand card pact with Visa, Citi
Shares of Capital One (COF) are slipping in pre-market trading after Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The Fly notes that on February 12 American Express (AXP) announced that its U.S. co-brand and merchant acceptance agreements with Costco are set to end on March 31, 2016. On October 1 of last year, MasterCard Canada (MA) entered into an agreement with Costco Canada to open credit card acceptance to MasterCard cardholders. In addition, Capital One rolled out a new cobranded MasterCard credit card with Costco Canada at that time, which may have led some to speculate that Capital One and MasterCard could have the inside track for a U.S. deal with Costco. In pre-market trading, Capital One shares slid 0.56% to $78.27 and MasterCard shares slipped fractionally lower to $90.
08:06 EDTVCostco enters long-term co-brand credit card agreement with Citi, Visa
Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi. Under the terms of the agreements, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016. Once issued, Costco's co-brand Visa credit card would provide generous rewards to Costco members, serve as the Costco membership card, and would be accepted at Costco locations in the United States and Puerto Rico, as well as all merchants worldwide that accept Visa credit cards. Costco will provide its members with additional information in the coming months regarding the anticipated transition from its existing co-brand credit card program.
08:06 EDTVCostco enters long-term co-brand credit card agreement with Citi, Visa
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06:23 EDTJPMBanco Santander's U.S. unit expected to name Powell as CEO, WSJ reports
Santander Holdings USA, the U.S. unit of Banco Santander (SAN), is expected to announce as today that Scott Powell will become its new CEO, sources tell The Wall Street Journal. Powell, a former head of JP Morgan Chase's (JPM) consumer-banking operations, would replace Roman Blanco. Reference Link
March 1, 2015
16:46 EDTVVisa to support consumer payments with Samsung Pay
Visa (V) announced it is supporting consumer payments with the new Samsung (SSNLF) Galaxy S6. Eligible consumers in the U.S. will be able to make secure Visa payments with Samsung Pay, Samsung’s new payment service scheduled to launch this summer.
February 27, 2015
12:01 EDTVVisa to acquire TrialPay, terms not disclosed
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08:29 EDTJPMJPMorgan, Deutsche Bank pause plans for $2B Argentina bond sale, WSJ says
Deutsche Bank (DB) and JP Morgan (JPM) have suspended plans to sell $2B of Argentinian bonds after a U.S. district judge ordered an emergency hearing on the potential sale, reports the Wall Street Journal, citing people familiar with the matter. The sources said the banks believed they had found a way to sell the bonds without being blocked by a prior U.S. court ruling.Reference Link
February 26, 2015
15:02 EDTJPMFed extends capital surcharge for SiFi banks comment period to April 3
The Federal Reserve extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies. The Fed extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 2. The proposed rule would establish a methodology to identify whether a firm is a global systemically important banking organization and would also establish the size of a firm's risk-based capital surcharge. The proposal is designed to further strengthen the capital positions of these institutions. Large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
14:01 EDTJPMBarclays to double provision for forex rigging fines, Sky News says
Barclays (BCS), which previously excluded itself from a broader settlement between several banking peers and regulators over alleged manipulation of foreign exchange rates as it worked to secure a binding agreement with all relevant authorities, will more than double its existing provision for forex fines next week, which may indicate that a settlement deal could be announced soon, said Sky News. Barclay took a GBP500M charge during the course of last year in advance of expected forex issue costs, the report noted. Other banks that previously agreed to a settlement included Bank of America (BAC), Citibank (C), HSBC (HSBC), JPMorgan Chase (JPM), RBS (RBS) and UBS (UBS). The report indicates that U.S. regulators have stepped up talks with banks including Barclays and the others involved. Reference Link
10:50 EDTJPMNew York regulator considering cybersecurity, cash laundering controls, WSJ says
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06:46 EDTVDeutsche sees American Express as undervalued, upgrades to Buy
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February 25, 2015
13:34 EDTJPMDeutsche Bank hires JPMorgan senior banker Jeff Urwin
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08:47 EDTJPMJPMorgan valuation discount overdone, says Goldman
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08:33 EDTJPMJPMorgan core franchise outlook positive, says Bernstein
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06:23 EDTJPMJPMorgan in talks with DOJ over auto loan pricing
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06:13 EDTJPMJPMorgan to close 300 bank branches over two years, AP reports
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February 24, 2015
10:53 EDTJPMJPMorgan rises, levels to watch
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09:25 EDTJPMJPMorgan sees pro forma net income growing to about $30B over 3 year horizon
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09:11 EDTJPMJPMorgan CFO says will 'aggressively' manage G-SIB exposures
CFO Lake says may take at actions to reduce G-SIB buffer to 4% if required actions are accretive.
09:06 EDTJPMJPMorgan CFO says company seeks to raise dividends if approved
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09:01 EDTJPMJPMorgan expects legal costs to ease, but remain above pre-crisis levels
08:55 EDTJPMJPMorgan expect net charge offs to remain low at $4B+ in 2015
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07:21 EDTJPMSecurities Industry & Financial Markets Association to hold a conference
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06:39 EDTVVisa Europe announces 'tokenisation service'
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06:15 EDTJPMBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
06:12 EDTJPMJPMorgan plans to charge fees for deposits from large clients, WSJ says
JPMorgan is planning to charge corporate clients, hedge funds, private-equity firms, and foreign banks for deposits due to regulatory rules that impose costs on holding money viewed as "prone to fleeing" during financial stress, reports the Wall Street Journal, citing an internal memo and people familiar with the plan. Clients will be asked to pay a fee or move funds to other products such as money-fund sweep accounts. Retail customers are unaffected. Reference Link
February 23, 2015
11:08 EDTJPMJPMorgan weekly volatility elevated into investor day
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08:57 EDTJPMJPMorgan to host investor day
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February 20, 2015
06:49 EDTVVisa shifting to local payment systems in Russia, WSJ says
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06:03 EDTJPMAnn Inc. working with JPMorgan on potential sale, Bloomberg reports
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