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JPMorgan Chase & Co.

News and overview for JPMorgan Chase & Co.

J.P. Morgan Chase closes in on deal for Cazenove: report - MarketWatch
MarketWatch | 8 days 12 hours 40 minutes ago
The 190-year-old stockbroker's shareholders - nearly all of whom are current or former employees - will share close to GBP1 billion when the deal is signed in the next few weeks.


JPMorgan Chase drops controversial arbitration clause from credit card contracts
Hartford Courant (Conn.), The | 3 days 6 hours 11 minutes ago
JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.


Chase drops arbitration from card contracts
Yahoo! | 3 days 8 hours 39 minutes ago
BOSTON – JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.


Figures show record Wall St. profit after bailouts - MarketWatch
MarketWatch | 5 days 14 hours 34 minutes ago
However, compensation restrictions that came with government support may limit the tax-revenue bonus boost that New York City -- facing a multibillion-dollar budget deficit -- usually gets from such Wall Street success, Comptroller Thomas DiNapoli explained.


JPMorgan Chase drops controversial arbitration clause from credit card contracts -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 3 days 9 hours 30 minutes ago
BOSTON (AP) — JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.


World awaits Obama's response to economic crisis - MarketWatch
MarketWatch | 8 days 5 hours 57 minutes ago
The decisive election victory "may help to instill a bit more confidence, but the problems have been well-documented," said Kenneth Broux, an economist at Lloyds TSB. "The economy is facing many, many difficulties."


Downdraft catches financial stocks Thursday - MarketWatch
MarketWatch | 4 days 14 hours 26 minutes ago
The two firms have operated their joint venture for five years and said that the investment-banking business will continue to operate under the J.P. Morgan Cazenove brand, while the cash equities and research divisions will be combined into J.P. Morgan's existing operations covering Europe, the Middle East and Africa.


Thursday's biggest gaining and declining stocks Movers & Shakers - MarketWatch
MarketWatch | 4 days 18 hours 48 minutes ago
If Hershey and Ferrero are mounting a serious rival bid for Cadbury, you d never know it from the marketplace.


Credit cards gouge consumers ahead of new law - MarketWatch
MarketWatch | 17 days 17 hours 51 minutes ago
In fact, some 400 credit cards from the nation's 12 largest bank issuers -- accounting for 90% of the $89.8 billion in outstanding consumer credit -- are still using most of the same tactics that the Federal Reserve has called "unfair or deceptive" and that will be outlawed in fewer than four months, according to a new report from the Pew Health Group's Safe Credit Cards Project.


Wells Fargo to repay clients who held auction rate securities - MarketWatch
MarketWatch | 5 days 6 hours 12 minutes ago
NEW YORK (MarketWatch) -- The North American Securities Administrators Association Wednesday announced a settlement in principle between Wells Fargo Investments LLC and state securities regulators to return approximately $1.3 billion to the firm's clients whose funds have been frozen in the auction rate securities market.


Dimon's on top and wants to stay that way MarketWatch First Take - MarketWatch
MarketWatch | 10 days 14 hours 46 minutes ago
"Artificial limits may sound simple," Dimon wrote, but "would undermine the goals of economic stability, job creation and consumer service that lawmakers are trying to promote." See Dimon editorial in Washington Post.


Deal speculation helps limit downside in London - MarketWatch
MarketWatch | 4 days 20 hours 34 minutes ago
Any deal between Colgate-Palmolive and Reckitt would have to be structured as a merger, because they are roughly the same size, the newspaper said.





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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