JPMorgan Earnings Clubbed by Mortgage Lending
JPMorgan Chase reported disappointing fiscal first-quarter results before markets opened Friday morning. It also raised its dividend and said it will repurchase $6.5 billion in common stock.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 103An Almost Stellar 30-Year Treasury Auction
ThinkstockThe U.S. Treasury has just sold its 3.625% 30-year Treasury bonds, or the so-called long bond, at a yield of 3.525%. The recent unsettling of the stock market recovery might have aided this offering,…
Why NBG Should Like Greece’s Bond Sale But Didn’t
thinkstockThe capital markets have opened back up to Greece. The struggling, or very struggling, island nation in the eurozone (and one of the PIIGS), has tapped the capital markets for a 3 billion euro…
Full Earnings Previews for J.P. Morgan and Wells Fargo
Friday morning is likely to set the tone of earnings season as far as the big banks are concerned. The two largest banks are reporting earnings: J.P. Morgan Chase and Wells Fargo.
Ally Financial IPO Starts on Bad Note for Taxpayers
Ally Financial priced its initial public offering at $25 a share after markets closed Wednesday. The IPO price was at the low end of the expected range. The company sold 95 million shares Thursday…
Jamie Dimon Take Home Pay $11.8 Million for 2013
Wikimedia CommonsBeing a bank CEO and Chairman is still no easy task in the current climate. In the world of the public reviewing CEO pay, it turns out that Jamie Dimon of J.P. Morgan…
U.S. Attorney General Targets Bitcoin in Testimony
ThinkstockU.S. Attorney General Eric Holder made the news recently in testimony that his office was now investigating high-frequency trading to see if it constituted insider trading. Now Holder is targeting Bitcoin and virtual currencies,…
DOJ Investigates High-Frequency Trading
The Department of Justice is getting in on an insider trading investigation regarding high-frequency trading. This method of trading has come under much more intense scrutiny after Michael Lewis released "Flash Boys."
When an Analyst Treats Citigroup the Same as J.P. Morgan
ThinkstockNot all banks are created equally, and not all Wall Street analysts are treating each bank the same. Oppenheimer is treating most of the major money-center banks as though they are all created equally.…
J.P. Morgan Backs Off Russian Payment Halt
J.P. Morgan announced Thursday that it has received clearance from U.S. regulators to process a transfer of funds from the Russian embassy in Kazakhstan to an insurance company partly owned by sanctioned Bank Rossiya.
More Fed Predictions of Late 2015 Rate Hikes
ThinkstockDennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, gave a speech on Wednesday to the Greater Miami Chamber of Commerce (obviously in Miami, Fla.). While individual Fed presidents…
Why Western Union and PayPal Better Watch Out for Bitcoin
TheWhyForum.comBitcoin remains a mystery to much of the public, even while it has fought for its life as a currency and method of payment. Now a new angle has surfaced, with Fitch Ratings issuing…
Is the High-Frequency Trading Virtu IPO Toast?
ThinkstockVirtu Financial Inc. was supposed to be one of the top ten IPOs of 2014. Now it appears as though the high frequency trading shop, which almost never loses money on a daily basis,…
J.P. Morgan Denies Russian Money Transfer
In the first such action by a large U.S. financial institution as a result of sanctions against Russia, J.P. Morgan blocked a transfer of funds from a Russian embassy to an insurance company partly…
Analysts Issue Sell Ratings on Citi and Ambac
Investors often get to hear about Buy ratings from Wall Street analysts. But here are two financial "stocks to sell" from this past week, according to analysts.