11:08am ET
Investing
Bank Short Sales Increase (JPM, BAC, WFC, C)
US banks have finally figured out that it costs them less to simply take a loss on an underwater home mortgage rather than try to foreclose. Banks are even paying for the…
Companies
/Financial Services
JPMorgan Chase & Company
$337.53
▼ $2.47 (−0.73%) today
Markets open · 9:50am ET
JPM Coverage
Page 987:42am ET
Investing
Negotiations Near End on Mortgage Foreclosures Deal (BAC, C, JPM, WFC)
Government officials at both the federal and state levels expect to see an agreement soon on the penalty payments being negotiated with five big mortgage lenders over foreclosure practices. The governments are…
5:26pm ET
Banking, finance, and taxes
Citi Dividend Returning Sooner Than Expected (C, JPM, WFC)
Any time you have a shareholder talking up a company, you have to understand that they are talking up their book. Billionaires do this, and they tend to be listened to more…
8:18am ET
Investing
Today’s Best Market Rumors (2/6/2012)
Updated throughout the day on 24/7 Wall St. Wire. A $25 billion settlement between the federal government and state attorneys general on one side and five banks on the other over mortgage…
6:44am ET
Investing
What’s Important in the Financial World (2/6/2012) Greek Settlement, GM Profit Target
Time has finally run out for Greece. The European Union, European Central Bank and International Monetary Fund have said they are tired of waiting to see if Greece can cut is budget again.…
6:43am ET
Media
Media Digest (2/6/2012) Reuters, WSJ, NYT, FT, Bloomberg
General Motors (NYSE: GM) will target a 10% profit margin over the next several years. (Reuters) Glencore offers an 8% deal to close a buyout of Xstrata. (Reuters) HTC has trouble demonstrating that…
1:31pm ET
Investing
New York State Sues Banks Over Foreclosures (BAC, WFC, JPM)
The state of New York has filed a lawsuit in the state’s Supreme Court charging Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and JPMorgan Chase & Co.…
8:01am ET
Investing
SEC Plays Softball with Big Banks — NY Times (JPM, GS, BAC, C, DELL, GE, URI)
Over the last ten years, the US Securities and Exchange Commission (SEC) has offered nearly 350 waivers to the country’s biggest banks in cases when the banks might be punished for fraud,…
1:28pm ET
Investing
MasterCard Rises on Revenues, EPS (MA, V, BAC, JPM, WFC, COF)
Credit card giant MasterCard Inc. (NYSE: MA) reported fourth quarter adjusted EPS of $4.03 on revenue of $1.72 billion. Consensus estimates called for EPS of $3.92 on $1.73 billion in revenue. The…
4:04pm ET
Investing
24/7 Wall St. Closing Bell (K, SPLS, TWX, AAP, AZO, JPM, GCI, SIFY, WEN, ONB, GTXI, PBY, TNB, CTIC, PMC)
All three major indexes opened lower again today on weak markets in both Europe and Asia. European markets continued to be weighed down by the lack of a firm agreement on the…
8:34am ET
Investing
Top Analyst Upgrades & Downgrades (AAP, AZO, BAC, C, HFC, IMGN, JAKK, JPM, K, KEG, MEOH, MNST, MS, MYL, SPLS, TWX, WFM)
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. Advanced Auto Parts Inc. (NYSE: AAP) Raised to Buy…
10:19am ET
Investing
24/7 Wall St. Top Analyst Calls of the Week (T, ADP. BBY, CHK, DNDN, ETFC, JCP, JPM, GS, MS, JEF, KLAC, LIFE, MCD, KORS, NFLX, VPRT, ZNGA)
Jon OggThis last week brought many new analyst calls in key stocks. At the end of each week we review research calls looking for the best gems, the calls that made serious…
6:36am ET
Media
Media Digest (1/27/2012) Reuters, WSJ, NYT, FT, Bloomberg
Greece and its creditors are close to a deal on the nation’s debt swap. (Reuters) A judge rules that some of the Gulf spill costs to be covered by Transocean (NYSE: RIG) will…
12:28pm ET
Investing
Dimon Says Greek Default Impact “Almost Zero” (JPM)
In an interview with CNBC from the Davos World Economic Forum, JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon said that the impact of a Greek default on US banks would…
Paul Ausick 6:33am ET
Investing
Short Sellers Increase Bets Across the Board
For the first time in a long time, short sellers have increased their bets that the stock prices of most large companies and in most large sectors will fall. The NYSE and…