JPMorgan Chase & Co.
News and overview for JPMorgan Chase & Co.
Citi results drained by lingering credit losses - MarketWatch
MarketWatch | 39 days 23 hours 57 minutes ago
NEW YORK (MarketWatch) -- Citigroup Inc. said on Thursday that its third-quarter loss per-share narrowed from the year-earlier period, aided by rising financial markets and an easing credit crisis, but the firm continued to take large provisions for debt losses.
Traders mark 50% retracement for S&P 500 - MarketWatch
MarketWatch | 40 days 20 hours 26 minutes ago
The Dow /quotes/comstock/10w!i:dji/delayed (INDU 9,985, +114.42, +1.16%) was hovering just below 10,000 -- the last time it traded above that level was in early October of 2008.
J.P. Morgan's credit losses rise despite beat - MarketWatch
MarketWatch | 41 days 1 hour 32 minutes ago
JPM
Countrywide faces House probe of VIP loan plan - MarketWatch
MarketWatch | 30 days 22 hours 49 minutes ago
WASHINGTON (MarketWatch) -- The chairman of a U.S. House panel said he would issue a subpoena Friday for records on subprime lender Countrywide Financial Corp.'s VIP loan program, dropping his resistance to Republican calls for a probe.
U.S. banks may take billion-dollar hit from U.K. - MarketWatch
MarketWatch | 40 days 14 hours 18 minutes ago
Many countries are looking at tougher liquidity rules, but the U.K.'s decision to move before an international consensus has been reached, and to apply its rules widely, could cost U.S. and European firms "potentially billions of dollars," said Simon Morris, a partner at law firm CMS Cameron McKenna in London.
Fortinet shares jump in IPO debut - MarketWatch
MarketWatch | 5 days 19 hours 23 minutes ago
The technology sector takes in on the chin in Wednesday trade, as negative reactions to earnings reports lead to widespread selling. Autodesk, Salesforce.com and Research In Motion are in the spotlight, as MarketWatch's Rex Crum reports.
Dow industrials top 10,000; 1st time since Oct '08 - MarketWatch
MarketWatch | 40 days 20 hours 5 minutes ago
Dow industrials top 10,000; 1st time since Oct '08
Dollar General, rue21 priced for Friday IPOs - MarketWatch
MarketWatch | 10 days 22 hours 49 minutes ago
Dollar General said its offering of 34.1 million shares priced at $21 each, at the low end of its anticipated range of $21 to $23. The company is selling 22.7 million shares, while existing shareholders will sell 11.4 million shares.
Citi, financial stocks boosted by Paulson buying - MarketWatch
MarketWatch | 7 days 21 hours 40 minutes ago
Citi shares were among the big winners during the summer rally, but the stock has pulled back somewhat and is trading back below $5 a share.
Canadian shares rally on oil, earnings - MarketWatch
MarketWatch | 40 days 21 hours 22 minutes ago
Excluding automobiles, U.S. retail sales increased 0.5% in September, while analysts surveyed by MarketWatch expected the figure to rise 0.3%. Including auto, sales dropped 1.5%, largely due to the end of the cash-for-clunkers program. Economists predicted a 2.3% drop in the headline level. See more on retail sales.
U.S. stocks rally on earnings boost - MarketWatch
MarketWatch | 40 days 23 hours 51 minutes ago
U.S. stocks rally on earnings boost
J.P. Morgan to Provide Global Custody and Securities Lending Capabilities to Jackson National's Variable Insurance Funds [Press Release]
Business Wire | 21 days 23 hours 15 minutes ago
J.P. Morgan today announced that it has been selected to provide global custody and securities lending services for the investment options that are available within the variable annuity and variable life insurance contracts offered by Jackson National Life Insurance Company® (“Jackson®”) and/or Jackson National Life Insurance Company of New York®. The investment options in this mandate total approximately $38 billion of net assets as of September 30, 2009.
Banks lead gainers after J.P. Morgan tops target - MarketWatch
MarketWatch | 40 days 23 hours 51 minutes ago
Citigroup is due to report its quarterly earnings results on Thursday, and Bank of America is on Friday's calendar.
Citi's smaller reserve build unnerves investors - MarketWatch
MarketWatch | 39 days 15 hours 6 minutes ago
Citi /quotes/comstock/13*!c/quotes/nls/c (C 4.75, -0.25, -5.00%) said its net loan loss reserve build was $802 million in the latest period, down from $3.9 billion in the prior quarter.
CME to allow gold as collateral for all exchange products - MarketWatch
MarketWatch | 35 days 23 hours 25 minutes ago
The new global policy is effective Oct. 19 in accordance with a member's notice issued late Friday, said spokesman Jeremy Hughes in London.
Company Overview
| Company: | JPMorgan Chase & Co. |
|---|---|
| Industry: | Money Center Banks |
| Website: | http://www.jpmorganchase.com |
JPMorgan Chase was born with a silver spoon in its mouth but that hasn't stopped it. One of the largest financial services firms in the US, the company has more than 5,000 bank branches in some two dozen states (and growing) and is also among the nation's top mortgage lenders and credit card issuers. Active in some 60 countries, it also boasts formidable investment banking and asset management operations. The company's subsidiaries include the prestigious JPMorgan Private Bank and institutional investment manager JPMorgan Asset Management (with some $1.5 trillion in assets under supervision). In 2008 JPMorgan Chase bought Bear Stearns and the operations of failed thrift Washington Mutual (WaMu).
Key Numbers
| Sales in U.S. Dollars (mil.) | 67,252 (2008) |
|---|---|
| One-year % Growth in Sales | -5.8 (2008) |
| Net Income in U.S. Dollars (mil.) | 3,699 (2008) |
| One-year % Growth in Net Income | -75.9 (2008) |
| Number of Employees | 224,961 (2008) |
| One-year % Growth in Number of Employees | 24.5 (2008) |
| Fiscal Year-End | December |
