With many banks posting big profits again and paying hefty bonuses, investors are starting to wonder when their bonus, a quarterly dividend, will increase.
The nation's biggest banks cut their collective small business lending balance by another $1 billion in November, according to a Treasury report released late Friday. The drop marked the seventh straight month of declines.
JPMorgan Chase showed it was close to making a full recovery from last year's crisis after the company reported better-than-expected quarterly profits of $3.3 billion Friday.
updated: Fri Jan 15 2010 10:05:00
Some are asking just how much of Goldman's profits come on the backs of U.S. taxpayers. CNN's Christine Romans reports.
The Obama administration wants to slap big banks and insurers on the wrist with a new tax. Oh wait, it's not a tax. It's a "financial crisis responsibility fee."
Economic optimism has been fueling gains on Wall Street for weeks but investors may be in for a bumpy ride ahead, as the quarterly reporting period gets underway.
JPMorgan & Chase announced plans Tuesday to hire 1,200 mortgage loan officers as the bank moves to expand its home loan business.
JPMorgan Chase chief executive officer defended the dollar -- and the size of his company -- at a securities industry conference Tuesday.
JPMorgan Chase delivered its strongest performance since the financial crisis first took hold two years ago, as the company reported earnings on Wednesday that towered above Wall Street's expectations.
A year after the government applied a tourniquet to the banking industry, the bleeding has slowed -- but it hasn't stopped.
A gleaming Manhattan skyscraper and a group of well-heeled stockbrokers were some of the coveted assets that JPMorgan Chase snatched up when it acquired Bear Stearns for $10-a-share in March 2008. But like the stick of dynamite that lies hidden in one of Wiley Coyote's birthday cakes, JPMorgan also took on the liability for all of Bear Stearns ongoing litigation as part of that merger. So when the criminal trial of Ralph Cioffi and Matthew Tannin, the managers of the two failed Bear Stearns hedge funds that sparked a market meltdown in 2007, begins next Tuesday, JPMorgan's interest in the case will be more than academic.
Since the market began to rally in March, just about every type of investment has shot up. But the riskiest ones -- like junk bonds, emerging-market stocks, and shares of companies with a lot of debt -- have soared the highest.
Stocks rallied Thursday, finding momentum in a choppy session, as investors welcomed JPMorgan Chase's better-than-expected profit report and geared up reports from tech leaders after the close.
JPMorgan Chase once again proved that it has been one of the better-run banks during the financial crisis after reporting quarterly results that blew past Wall Street estimates.
Stocks were set for a mixed open Thursday after strong earnings from JPMorgan Chase and lower-than-expected jobless claims countered concerns about small business lender CIT Group.
JPMorgan Chase is grabbing a bigger slice of a smaller dealmaking pie -- leaving less for rival Bank of America.
Leaving behind TARP will likely mean a return to the status quo for many banks -- except for those hefty dividends of yesteryear.
Wall Street recharged the advance Thursday, with the major gauges touching multi-month highs on JPMorgan Chase's better-than-expected results and anticipation about Google's profit report.
Just in time for TARP repayment season, the big banks have found a new way to show off their supposedly good health.
JPMorgan Chase reported a better-than-expected profit of $2.1 billion in the latest quarter, even as the bank aggressively set aside money to cope with rising loan losses, the company said Thursday.
Vikram Pandit, Jamie Dimon and other CEOs say their banks are doing fine, but few people seem to believe them.
JPMorgan Chase warned of more housing weakness across its mortgage portfolio this year and also said it would cut more jobs related to its purchase of failed savings and loan Washington Mutual than originally planned.
JPMorgan Chase announced Monday that it had cut its quarterly dividend from 38 cents a share to 5 cents a share in an effort to preserve capital.
JPMorgan Chase and Citigroup Inc. announced plans Friday to temporarily halt foreclosures as the government works to finalize the details of a financial rescue package that could include billions of dollars in aid for struggling homeowners.
JPMorgan Chase reported a surprise quarterly profit Thursday, even as the company suffered a hit in its investment banking business and was forced to set aside a chunk of cash for looming loan losses.
Stocks slid early Thursday as JPMorgan Chase's surprise profit was countered by reports that Bank of America needs billions more in funding to complete its purchase of Merrill Lynch.
JPMorgan Chase has so far avoided quarterly losses throughout the credit crisis. Those days may be over.
As stocks put their worst year ever behind them, 2009 will be the start of a very slow and very painful recovery.
JP Morgan Chase unveiled a bold new foreclosure prevention program Friday.
JPMorgan Chase reported a surprise quarterly profit Wednesday, even as the company suffered a hit related to its purchase of failed savings and loan giant Washington Mutual and took $3.6 billion in writedowns.
JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans
Stocks rallied at the end of a tough session on Wall Street, as investors boosted banks and other stocks on optimism that a compromise on the proposed $700 billion bank rescue plan will be announced shortly.
JPMorgan Chase acquired the banking assets of Washington Mutual late Thursday after the troubled thrift was seized by federal regulators, marking the biggest bank failure in the nation's history and the latest stunning twist in the ongoing credit crisis.
Stock futures were mixed Tuesday as oil prices dipped and the government reported a lower-than-expected trade gap, after showing signs of earlier weakness on losses reported by JPMorgan and UBS.
JPMorgan Chase's profit took a 53% hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better than expected and gave Wall Street a lift
JPMorgan Chase's profits plunged more than 50%. Continental Airlines reported a loss.
JPMorgan Chase said Thursday that profit plunged in the second quarter, stung by $1.1 billion in writedowns, but the firm still managed to beat Wall Street projections.
Stocks looked set to gain ground Thursday after JPMorgan Chase reported better-than-expected earnings for the second quarter and oil prices fell again.
If this weekend's news about Fannie Mae and Freddie Mac and Friday's IndyMac failure weren't scary enough, now Wall Street will have to contend with what is likely to be dismal quarterly results from many top financial firms.
JPMorgan Chase completed its historic bid for Bear Stearns Thursday, effectively closing one of the more dismal chapters in the annals of Wall Street.
Bear Stearns nearly collapsed not once but twice before the cash-strapped brokerage firm was rescued, a regulatory filing shows.
Last month's near collapse of Bear Stearns hasn't reduced demand for the firm's top traders and salesmen in the mortgage-backed-securities business they once dominated.
Unlike many of its peers in the financial services industry, JPMorgan Chase & Co. on Wednesday turned in a better quarterly performance than analysts had expected. Still, earnings dropped 50% from a year earlier.
Stocks rallied Wednesday morning as better-than-expected earnings reports from bellwethers Intel and JP Morgan overshadowed record oil and gas prices and another dour reading on the housing market.
Washington Mutual chairman and CEO Kerry Killinger endured the wrath of frustrated shareholders Tuesday, but pleaded with investors to "have a little faith" in the bank's leadership.
Buying Bear Stearns is apparently not enough to sate JPMorgan Chase CEO Jamie Dimon's appetite for beaten down financials.
The Senate took a long, hard look at JPMorgan Chase's planned purchase of Bear Stearns on Thursday, grilling both executives and federal regulators who helped shepherd the controversial deal.
Congress on Thursday will scrutinize JPMorgan Chase's controversial acquisition of Bear Stearns and quiz top executives from both firms as well as the regulators who helped engineer the rescue.
SLICES OF LIFE: So I'm walking in midtown yesterday listening to "Lost Along the Way" by moe. on my iPod. And there lo and behold is the Bear Stearns building. It's gray and grim. There's this pervading gloom in the air. Then I hit JP Morgan's headquarters, the old Chase building and folks going in there are walkin' fast, looking down at their shoes. Not a happy time all around. Except. Except, I truck over to Fifth and suddenly, SMILES. Why everyone here one block away is all-aglow. Shopping and having a blast. What gives?
Seeking to calm angry shareholders and employees, JPMorgan Chase quintupled its offer for Bear Stearns Cos. to roughly $10 a share Monday.
Did you notice that the market didn't collapse yesterday?
The Fed's agreement to buy up to $30 billion in troubled Bear Stearns mortgage bonds may have saved JPMorgan Chase from a big writedown, according to senior executives involved in the transaction. Ultimately, it enabled a deal to be done even as alternatives rapidly dried up.
JPMorgan Chase & Co. said Sunday that it would acquire troubled Wall Street firm Bear Stearns for a mere fraction of what it was once worth amid deepening fears about further erosion of the world's financial markets.
Call it shrewd, opportunistic even absurd, but JPMorgan was able to scoop up financially crippled Bear Stearns for $2 a share, putting a $240 million price tag on the deal.
The financial services sector was shaken early Monday, the first trading day following news of JPMorgan Chase's buyout of Bear Stearns - for just $2 a share - in the face of a cash crisis that brought the firm to the brink of bankruptcy.
U.S. stocks were down, but off their lows, as JPMorgan Chase shares rallied on the low price it paid to buy out troubled Bear Stearns.
JPMorgan Chase said Sunday it will acquire rival Bear Stearns for a bargain-basement $236.2 million
JPMorgan Chase & Co., the second bank this week to post dismal results, reported a decline in quarterly earnings Wednesday after suffering a $1.3 billion subprime-related hit.
Your boss might give you a break if you're late to work a few times, but don't expect the same courtesy from your credit card issuer. Pay your bill late even once and you'll take a real hit to your financial future.
Wall Street earnings are usually a snooze but banks and brokerages are using their third-quarter results as part of a thoroughly Darwinian power play aimed at grabbing business from rivals that stumbled badly in the quarter.
J.P. Morgan Chase & Co. reported a rise in quarterly profit Wednesday, even as its investment banking business was hurt by turmoil in the global credit markets.
Wall Street is already betting that next week's earnings at the nation's biggest banks will be dismal. What remains to be seen is just how bad they will be.
updated: Fri Oct 12 2007 12:57:00
Paul Donovan of UBS on results from the third quarter and the effect it could have on the economy.
updated: Mon Oct 08 2007 18:55:00
Despite UBS and Citigroup reporting losses, some markets are shaking off those mortgage blues. CNN's Jim Boulden reports
Bank of America and JPMorgan Chase are thought to be on the verge of announcing combined losses of $3 billion from mortgage-backed securities and leveraged loans when they report third-quarter earnings this month, according to a news report today.
For all the clamor urging the Federal Reserve to cut interest rates, a J.P. Morgan Securities analyst said Wednesday it might not do homebuilders much good.
Bond rose but then pared gains Friday after reports showed strong home sales and durables.
JPMorgan Chase & Co. said Wednesday second-quarter net income rose 20 percent on strong investment banking and asset management results.
Fueled by climate change concern and a Texas utility's recent scrapping of several "dirty" power plants, one environmental group is looking to cut funding for new coal fired power plants at the source: the big banks.
J.P. Morgan Chase & Co. (JPM) ranks no. 11 on FORTUNE's list of America's largest corporations.
JPMorgan Chase & Co said it was reviewing its security procedures after a video posted online showed someone holding various documents found in trash cans containing customers' personal information.
Stock futures turned lower Wednesday morning, one day after the Dow Jones industrial average neared a fresh record high, as a mixed bag of earnings reports unnerved investors.
Strength in investment banking helped JP Morgan Chase post record quarterly results Wednesday, but the financial services conglomerate reported a decline in retail banking profit.
Bad omens abound. The falling dollar. The return of $60 oil. Detroit's woes. Iraq spiraling out of control. The fact is, there's no shortage of reasons to be wary about investing, including the rec...
The big three banks are set to report a sluggish third quarter as disappointing equity underwriting combined with higher rates and increased competition for deposits could take their toll on profits.
Within the banking industry, Citigroup and Washington Mutual have often found their names linked as a potential marriage made in heaven if WaMu were to ever forgo its independence and put itself up for sale.
J.P. Morgan Chase & Co. ranks no. 45 on FORTUNE's Global 500 this year, with $79.9 billion in revenues, up 40.3% from the previous year. The New York, New York-based company was ranked no. 65 on the 2005 list. Its 2005 profits were $8.5 billion, up 89.9% from a year earlier. 2005 was a banner year for most Global 500 companies.
The Disruptor: NanoLife Sciences
JPMorgan Chase may look to increase its dividend as early as next year but that decision will depend on the company's earnings growth, Chief Executive Jamie Dimon said Wednesday.
Strong results from IBM and JP Morgan boosted blue chips, ahead of testimony from Federal Reserve chief Ben Bernanke.
JPMorgan Chase Wednesday reported earnings that blew past Wall Street forecasts, sparking a big rally in its stock, but executives warned that the second half may be tougher for the nation's No. 3 bank.
In a world that's buzzing over the Internet's raging return and the dollar play in Asian equities, it's hard to believe that the best place to invest may well be bank stocks.
When I've written about undervalued stocks over the past couple of years, I've usually included at least one of the big banks. Stocks such as Citigroup and J.P. Morgan Chase have long looked like b...
JPMorgan Chase & Co. , one of many investment banks sued for rigging initial public offerings during the bull market of the 1990's, agreed in principle to pay $425 million to settle its portion of the case.
When I've written about undervalued stocks over the past couple of years, I've usually included at least one of the big banks.
Investors will have to balance merger news with rising oil prices and interest rates as they approach near benchmark levels to begin a week that will also kick off earnings season.
JPMorgan Chase said Saturday it will acquire The Bank of New York Co.'s consumer and small-business operations in exchange for its corporate trust business and $150 million.
Japan's financial watchdog on Wednesday censured JP Morgan Trust Bank Ltd for improper dealings involving real-estate securitizations, ordering the Japanese banking unit to suspend some operations for six months.
Just about everyone who works on Wall Street has heard the stories about Jamie Dimon. The one about his shutting down the gyms and pulling the fresh flowers at J.P. Morgan Chase. (That story is tru...
JPMorgan wants to give Citigroup a real run for its money by revamping its volatile investment banking operation, but it promises to be an uphill battle.
JPMorgan Chase & Co. posted sharply higher fourth-quarter earnings Wednesday but CEO James Dimon said losses from Hurricane Katrina could cost the nation's No. 3 bank much more than previously estimated.
Fourth-quarter earnings from banking titans Citigroup, JPMorgan Chase and Bank of America are expected to be summed up in one word: lackluster.
Between bad loans, declining home sales and upside-down interest rates, 2006 is probably going to be a tough year for banks.
JPMorgan Chase & Co., the No. 3 U.S. bank, said its Chief Operating Officer James Dimon will succeed the current Chief Executive William Harrison on Dec. 31, six months earlier than expected.
Roughly 25 percent of the S&P 500 reports quarterly earnings this week, giving an inflation-focused market something new to dissect.
IN HIS OFFICE OVERLOOKING PARK Avenue, Jamie Dimon, glamour boy of U.S. banking and president of J.P. Morgan Chase, is working hard to persuade FORTUNE that he's just not ready to jump back into th...
J.P. Morgan Chase & Co. said Tuesday that David Coulter, company vice chairman and chairman of its West Coast operations, has decided to leave the No. 3 U.S. bank.
Stocks showed no signs of ending their seesaw pattern of the last few months Tuesday as investors fresh from a long holiday weekend saw oil prices once more on the rise and awaited a key report on factory orders.
Tired of swiping your credit card over and over because the magnetic strip is worn? Help is on the way: cards that you wave, rather than swipe.
Will oil shares continue to glitter?
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