4:05pm ET
Investing
24/7 Wall St. Closing Bell
The major US stock indexes opened significantly lower this morning as investors reacted to the surprise loss of $2 billion by JPMorgan Chase & Co. (NYSE: JPM) disclosed by the bank’s CEO…
Companies
/Financial Services
JPMorgan Chase & Company
$357.62
▲ $3.40 (+0.96%) today
Markets closed · 5:53pm ET
JPM Coverage
Page 9311:17am ET
Banking, finance, and taxes
A Call For Jamie Dimon To Resign
J.P. Morgan Chase & Co. (NYSE: JPM) has done some severe damage to its image as the best risk manager of the large banks, and this damage may easily carry over into…
11:03am ET
Dallas Fed President Repeats Call for Smaller Banks (JPM)
At a speech to a group of Texas bankers, Dallas Federal Reserve President Richard Fisher was asked to comment on the news of the $2 billion trading loss reported by JPMorgan Chase…
Paul Ausick 8:46am ET
Investing
Top Analyst Upgrades & Downgrades (ADTN, AAPL, ARNA, T, BEAM, BBBY, BBY, BWLD, CVX, HEK, JPM, MYGN, PRA, RSH, RXN, RIMM, SLF, TXRH, VZ)
These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday. Adtran Inc. (NASDAQ: ADTN) Reiterated Buy and $39 target at Argus. Apple Inc. (NASDAQ:…
6:52am ET
Banking, finance, and taxes
JP Morgan: Does One Bad Trade Make a Dangerous Pattern?
The front page of almost every news and financial paper or website carried that story of JP Morgan’s (NYSE: JPM) $2 billion trading loss. As MarketWatch described it, “The losses stemmed from trades…
Douglas A. McIntyre 6:50am ET
Media
Media Digest (5/11/2012) Reuters, WSJ, NYT, FT, Bloomberg
Facebook’s initial public offering is already oversubscribed. (Reuters) JP Morgan (NYSE: JPM) books a $2 billion trading loss, and the figure could rise by another $1 billion. (Reuters) China’s industrial production and…
5:48pm ET
Banking, finance, and taxes
JP Morgan $2 Billion Loss — Stock Down 6%
In a hastily called conference call, JP Morgan (NYSE: JPM) CEO Jamie Dimon explained that one of the bank’s divisions would have an $800 million trading loss based on a bad investments in synthetic…
Douglas A. McIntyre 6:32am ET
Media
Media Digest (5/9/2012) Reuters, WSJ, NYT, FT, Bloomberg
Coalition talks in Greece are unlikely to create a new government, raising the chance Greece could leave the eurozone. (Reuters) GlaxoSmithKline (NYSE: GSK) will launch a takeover of Human Genome Sciences (NASDAQ:…
6:25am ET
Investing
What’s Important In The Financial World (5/7/2012) Gas Prices Fall, U.S. to Cut AIG Stake
France and Greece are not the only nations in which the forces of austerity suffered a setback. The party of Angela Merkel, the champion of government cost cuts across Europe, gave up ground in local…
6:19am ET
Banking, finance, and taxes
Barclays To Start Online Bank
Barclays, the UK based bank, has decided to move into the US online bank business. The move is a mystery given the competition from American banks, brokers, and financial advisors. Barclays believes…
2:31pm ET
Banking, finance, and taxes
Can Big U.S. Banks Escape Europe’s Malaise?… Meredith Whitney Chimes In (DB, STD, NBG, BAC, JPM, C, WFC)
The financial sector was the best performing index out of the S&P 500 during the first quarter. That was when investors were decoupling from the woes of Europe. With European bank shares…
6:44am ET
Investing
What’s Important in the Financial World (5/2/1012) Dow at Four-Year High, Facebook IPO Roadshow
There are rumors that the Facebook “roadshow” to present the company’s prospects to investors will begin this week and that the initial public offering of the social network will come before month’s…
6:07am ET
Investing
DJIA, At Four-Year High, Will Rise Further
The DJIA reached the level where it last was at the end of 2007, the year when the index peaked. At the close, the Dow was 13,279.32. Its all-time high of 14,164.53…
8:04am ET
Investing
Does Delta Make Sense as an Oil Refiner?
A deal that first made it into public view less than a month ago has now been completed. Delta Air Lines Inc. (NYSE: DAL), through its wholly-owned Monroe Energy LLC subsidiary, has…
6:10am ET
Investing
First Quarter Stock Indexes Retreat
The S&P 500 was down slightly last month as was the NASDAQ. For each, it was the first drop since November. The DJIA rose a tiny amount which kept its multi-month rally…