JPMorgan Chase & Co.
News and overview for JPMorgan Chase & Co.
Credit cards gouge consumers ahead of new law - MarketWatch
MarketWatch | 1 day 22 hours 36 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.
JPMorgan Chase Reports Third-Quarter 2009 Net Income of $3.6 Billion, or $0.82 Per Share [Press Release]
Business Wire | 25 days 1 hour 2 minutes ago
JPMorgan Chase & Co. (NYSE: JPM) today reported third-quarter 2009 net income of $3.6 billion, compared with net income of $527 million in the third quarter of 2008. Earnings per share were $0.82, compared with $0.09 in the prior year.
JPMorgan Chase Announces Redemption of Bear Stearns Capital Trust III Preferred Securities [Press Release]
Business Wire | 8 days 19 hours 46 minutes ago
JPMorgan Chase & Co. today announced that Bear Stearns Capital Trust III (the “Trust”) has called for redemption of all the issued and outstanding shares of 7.80% Trust Issued Preferred Securities, liquidation amount $25.00 per preferred security (the “Preferred Securities”), of the Trust, at a redemption price of $25.00 per Preferred Security, together with accrued and unpaid distributions to the redemption date of November 30, 2009.
Third Chase Conversion Completes WaMu Integration in Just 13 Months [Press Release]
Business Wire | 5 days 22 hours 1 minute ago
Chase announced today it has successfully upgraded products and technology in four states to link in the final 822 former Washington Mutual branches to the Chase computer system.
JPMorgan Chase to Present at the BancAnalysts Association of Boston Conference [Press Release]
Business Wire | 12 days 18 hours 1 minute ago
Charlie Scharf, Chief Executive Officer, Retail Financial Services of JPMorgan Chase & Co., will present at the BancAnalysts Association of Boston Conference at the Langham Hotel in Boston, MA on Thursday, November 5, 2009 at 10:00 a.m. (Eastern).
Chase Nevada s New 200-Year-Old Bank Adds Glowing Octagon to Las Vegas Lights [Press Release]
Business Wire | 5 days 18 hours 56 minutes ago
Chase – Nevada’s new 200-year-old bank – today unveiled its bright blue octagon logo and trusted name on 39 bank branches and 108 ATMs in Nevada, reaching more than 750,000 consumers and businesses formerly served by WaMu.
U.S. stocks edge higher, led by GE, transports - MarketWatch
MarketWatch | 1 day 20 hours 47 minutes ago
Shortly after the opening bell, the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 10,028, +22.52, +0.23%) traded up 5 points at 10,0018.
Radical fixes for 'too big to fail' gain support - MarketWatch
MarketWatch | 1 day 9 hours 42 minutes ago
"What you will have is another public utility sector, with banks growing roughly 4% a year, funded by deposits," Richard Bove, a financial-services analyst at Rochdale Securities, said in an interview.
JPMorgan Chase Declares Preferred Stock Dividend [Press Release]
Business Wire | 24 days 15 hours 25 minutes ago
JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on the outstanding shares of the corporation’s 8.625% Non-Cumulative Preferred Stock, Series J, in the amount of $215.6250 per share (which is equivalent to $0.53906 per related Depositary Share). The dividend is payable December 1, 2009, to stockholders of record at the close of business on November 2, 2009.
Stocks end losing streak; Dow closes above 10,000 - MarketWatch
MarketWatch | 1 day 14 hours 3 minutes ago
Other markets showed a push into less-risky assets. U.S. gold futures topped $1,100 an ounce for the first time, settling at $1,095.10. Treasury prices were higher. Read more about gold and metals stocks.
Wall Street bankers shouldn't get H1N1 vaccine, group says - MarketWatch
MarketWatch | 2 days 10 hours 53 minutes ago
WASHINGTON (MarketWatch) -- A Washington, D.C., nonprofit group wants to know why Wall Street bankers are getting vaccines against the new H1N1 flu strain when many Americans are being told to wait.
J.P. Morgan Chase's Dimon: US needs strong dollar - MarketWatch
MarketWatch | 11 days 17 hours 34 minutes ago
A strong currency is necessary for a strong economy, Dimon said during the luncheon at the annual meeting of the Securities Industry and Financial Markets Association, or Sifma.
Countrywide faces House probe of VIP loan plan - MarketWatch
MarketWatch | 14 days 21 hours 20 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.
J.P. Morgan to Provide Global Custody and Securities Lending Capabilities to Jackson National's Variable Insurance Funds [Press Release]
Business Wire | 5 days 21 hours 46 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.
CME to allow gold as collateral for all exchange products - MarketWatch
MarketWatch | 19 days 21 hours 56 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 |