JP MORGAN NEWS
JPMorgan Chase & Co., a financial holding company incorporated under Delaware law in 1968, is a leading global financial services firm and one of the largest banking institutions in the United States, with $1.2 trillion in assets, $106 billion in stockholders’ equity and operations in more than 50 countries. Formed in 2000 with the merger of the Chase Manhattan Corporation and J.P. Morgan & Co.. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, investment management, private banking and private equity. JPMorgan Chase serves more than 90 million customers, including consumers nationwide and many of the world’s most prominent wholesale clients.
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Tue, 19 Aug 2008 23:38:00 GMT
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Goldman Sachs Cuts EPS View On Investment Banks--JP Morgan, Lehman, Citi, Morgan Stanley And Merrill Lynch
Tue, 19 Aug 2008 23:38:00 GMT
Goldman Sachs upped its Q3 loss it sees for JP Morgan (NYSE: JPM) from $0.85 to $1.10 per share. Goldman sees Lehman Brothers (NYSE: LEH) losing $2.75 a share from $0.68 a share. Also, Goldman Sachs cuts estimates for Citi (NYSE: C), Morgan Stanley
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Lehman May Report $4 Billion Writedown, JPMorgan Says
Tue, 19 Aug 2008 23:30:00 GMT
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JPMorgan sees opportunity in long financials trade
Tue, 19 Aug 2008 22:28:00 GMT
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JPMorgan highlights investment trust opportunities
Tue, 19 Aug 2008 21:47:00 GMT
Investment trusts are currently offering cheap investment opportunities, according to JPMorgan Asset Management (JPMAM). As a result of market volatility, discounts for investment trusts have widened and are providing investors with very attractive
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New role for Raza at JPMorgan Dubai
Tue, 19 Aug 2008 16:54:00 GMT
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JP Morgan Sees $4B In Q3 Write-Downs from Lehman (LEH)
Tue, 19 Aug 2008 15:40:00 GMT
JP Morgan commented on Lehman Brothers (NYSE: LEH), saying they expect the investment bank to write-off an additional $4 billion in its fiscal third-quarter. JP Morgan now sees a Q3 loss of $3.30 per share from Lehman, versus its previous forecast of a
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J.P. Morgan cuts Lehman estimates as Neuberger sale talk lingers
Tue, 19 Aug 2008 14:42:00 GMT
Also, speculation that Lehman Brothers (LEH:LEHNews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) could unload at least part of its investment-management unit to raise capital heated up again
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Lehman Likely To Write-down $4B: J.P. Morgan
Tue, 19 Aug 2008 14:02:00 GMT
NEW YORK -- J.P. Morgan said in a research note released Monday that Lehman Brothers is likely to write down about $4 billion in the third quarter but unlikely to sell its asset management unit Neuberger Berman. J.P. Morgan, which cut its earnings
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Lehman likely to write-down $4 bln: J.P. Morgan
Tue, 19 Aug 2008 13:21:00 GMT
NEW YORK (MarketWatch) -- J.P. Morgan said in a research note released Monday that Lehman Brothers (LEH:LEHNews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) is likely to write down about $4
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Morning Eyecatchers: Broker Roundup: JP Morgan cautious on hotel and leisure sectors
Tue, 19 Aug 2008 11:15:00 GMT
? * JP Morgan, in a review of European hotels and leisure reduces its 2009 earnings per share estimates almost across the board. On European gaming, the broker has downgraded William Hill to underweight from overweight, cutting target to 285p from 465p
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Oil output slump to end, easing budget deficit: JPMorgan
Tue, 19 Aug 2008 10:55:00 GMT
Output from Southeast Asia's third-biggest crude oil producer will rise 26 percent to 368,000 barrels a day next year, the bank said in a research note dated August 15. The government's oil revenue may increase by US$1.4 billion by the end of 2009, New
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China mulling 200-400 bln stimulus plan ? JPMorgan
Tue, 19 Aug 2008 09:57:00 GMT
China?s leaders are carefully considering an economic stimulus package of at least 200-400 billion yuan ($29-58 billion) and may ease monetary policy by the end of the year, investment bank JPMorgan Chase said on Tuesday. The possible stimulus package
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J.P. Morgan cuts three pub firms, upgrades three others
Tue, 19 Aug 2008 08:14:00 GMT
LONDON (MarketWatch) -- J.P. Morgan said it's cautious on pubs into 2009 but is warming to managed pub operators which it believes have better long-term prospects. It downgraded Greene King (UK:GNK:UK:GNKNews, chart, profile, moreLast: Delayed quote
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Goldman, JPMorgan May Prove `Mortal' as Earnings Drop, UBS Says
Tue, 19 Aug 2008 08:02:00 GMT
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J.P. Morgan lowers Ladbrokes, William Hill to underweight
Tue, 19 Aug 2008 07:57:00 GMT
Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ
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JPMorgan Sees Opportunity in Long Financials Trade
Tue, 19 Aug 2008 06:44:00 GMT
J.P. Morgan Securities' U.S. equity strategists saw opportunity in going 'short' energy and 'long' financials, as capital flows and macro developments were likely to be less favorable to energy relative to financials. Analysts led by Thomas Lee
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China mulling $US33-67bn stimulus plan: JPMorgan
Tue, 19 Aug 2008 06:03:00 GMT
BEIJING -- China's leaders are carefully considering an economic stimulus package of at least 200-400 billion yuan ($US33-67 billion) and may ease monetary policy by the end of the year, investment bank JPMorgan Chase has said. The possible stimulus
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ESG assets made clear: JPMorgan
Tue, 19 Aug 2008 03:58:00 GMT
Australian fund managers and super funds worried about the principles governing their investments can now siphon 'unethical' assets via JPMorgan's ESG-friendly screen. Unveiled three months ago in Europe, JPMorgan has developed a post-trade
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JP Morgan sees opportunities ahead
Tue, 19 Aug 2008 03:06:00 GMT
J.P. Morgan Securities' U.S. equity strategists saw opportunity in going 'short' energy and 'long' financials, as capital flows and macro developments were likely to be less favorable to energy relative to financials. Analysts led by Thomas Lee
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JPMorgan provides China opportunity
Mon, 18 Aug 2008 23:59:00 GMT
Mumbai, Aug. 18: Domestic mutual fund investors will soon have a second chance to ride the Chinese dragon. JPMorgan is coming out with a scheme that will invest in the units of its JF Greater China Equity Fund. The fund largely invests in a diversified
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JPMorgan takes top trading honours
Mon, 18 Aug 2008 23:41:00 GMT
JPMorgan Chase & Co. is the most effective broker at getting good prices, according to Ancerno Ltd., a firm that tracks trading costs. JPMorgan diverged the least from the prices investors were asking for when they bought and sold stocks in the 12-month
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JPMorgan intros prepaid card for workers' comp
Mon, 18 Aug 2008 22:41:00 GMT
(New York) Insurance & Technology: JPMorgan Chase has launched a prepaid debit card for workers' compensation payments. The Chase Workers' Compensation Card is designed to help insurance companies gain efficiencies and provide an alternative payments
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JPMorgan sees opportunity in long financials trade
Mon, 18 Aug 2008 22:39:00 GMT
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S&P Picks and Pans: JPMorgan, Nordstrom, Waste Management
Mon, 18 Aug 2008 21:27:00 GMT
S&P MAINTAINS STRONG BUY OPINION ON SHARES OF JPMORGAN CHASE JPM; $37.44 We are trimming our 2008 EPS estimate by 5 cents to $2.44 in order to reflect our expectation of higher third quarter writedowns. JPMorgan recently stated in its 10-Q that it
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Migdal signs deal for Bear Stearns stake T1 Migdal will pay JP Morgan $70.25 million for its half of Migdal Capital Markets.
Mon, 18 Aug 2008 18:58:00 GMT
Migdal Insurance and Financial Holdings Ltd. has signed an memorandum of understanding with JP Morgan Chase & Co. for the 50% stake in Migdal Capital Markets Ltd. held by Bear Stearns Asset Management Inc. for $70.25 million. JP Morgan acquired BSAM as
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JP Morgan plans to launch two feeder funds
Mon, 18 Aug 2008 18:55:00 GMT
Our Bureau Mumbai, Aug. 18 JP Morgan Asset Management India Private Ltd plans to launch two feeder funds JPMorgan Emerging Europe, Middle East and Africa Equity Off-shore Fund and JPMorgan JF Greater China Equity Off-Shore Fund for which the fund house
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Markit To Buy Risk Management Software Firm From JPMorgan
Mon, 18 Aug 2008 18:12:00 GMT
Markit and JPMorgan have agreed to terms under which Markit will acquire J.P. Morgan FCS Corporation. FCS is a provider of portfolio and risk management software and services to syndicated loan market participants, including the Wall Street Office family
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JPMorgan Sees Opportunity in Long Financials Trade
Mon, 18 Aug 2008 17:28:00 GMT
J.P. Morgan Securities' U.S. equity strategists saw opportunity in going 'short' energy and 'long' financials, as capital flows and macro developments were likely to be less favorable to energy relative to financials. Analysts led by Thomas Lee
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JPMorgan sees opportunity in long financials trade
Mon, 18 Aug 2008 16:15:00 GMT
(Reuters) - J.P. Morgan Securities' U.S. equity strategists saw opportunity in going 'short' energy and 'long' financials, as capital flows and macro developments were likely to be less favorable to energy relative to financials. Analysts led by Thomas
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