Friday, May 11, 2012

JPMorgan to Pay 1.9M in Damages Analyst Blog BofA's $315M Settlement Approved BofA Introduces Travel Credit Cards Stock Futures Fall After News Of JP Morgan Loss Hawaii homeowners start getting mortgage relief letters under settlement Chase Rolls Out Prepaid Card To Recoup Lost Fees WellsMerlin Deal Raises Concern Colgate Notes at Lowest Coupon Rate Financials Keep Markets from Coming Unglued Voice of the People World’s 10 Strongest Banks Wells Fargo pushes home lending dominance FED Auctions AIG's Bad Assets Purchase Merlin Jamie Dimon’s Is OK But Dual Role Isn’t Says ISS Good For Growth Dividend Sweet Icing Citi Sued Over Executive Pays Can a Hike be Insincere Goldman's Make You Wonder Exxon Plays No Games SXC Health Buy Catalyst Looks Sell Again

Bank ETFs Under Pressure On JPM News Bank ETFs likely to come under selling pressure after J.P. Deutsche Bank Takes A Jab At JPM's "Fail Whale" We have presented our opinion on the JPM prop trading desk repeatedly, in fact starting about a month ago. Last night, Senator Carl "Shitty Deal" Levin also decided to join the fray , which is to be expected: the man needs air time. And now, in a surprising twist, competing banks, all of whom have more than enough skeletons in their own prop desk trading closet, are starting to speak up against ... Stocks to Watch: JPM, JWN & More Check out which companies are making headlines after-the-bell Thursday: Sterling eases vs dlr after JPM loss, supported vs euro * Sterling falls vs dollar as JP Morgan loss hits sentiment * Euro hits 3-1/2 yr low vs pound on Greece wrangles * PPI data suggests sticky UK inflation LONDON, May 11 (Reuters) - Sterling eased against ... JPM Crashing After It Convenes Emergency Call To Advise Of "Significant Mark-To-Market" Losses In Bruno Iksil/CIO Group Out of nowehere, JPM announced 40 minutes ago that it would hold an unscheduled 5pm call to coincide with the release of its 10-Q. Rumors were swirling as to why. The reason is as follows: JPMORGAN SAYS CIO UNIT HAS SIGNIFICANT MARK-TO-MARKET LOSSES - "Fortress balance sheet" at least until Bruno Iskil gets done with it. JPMORGAN SAYS LOSSES ARE IN SYNTHETIC CREDIT PORTFOLIO - but, but, net is ... JPM: $2 billion trading loss on synthetic credit position J.P. Morgan is now forecasting an $800 million loss in the corporate segment in the second quarter. Dimon says the strategy was "Flawed complex poorly reviewed poorly executed and poorly monitored." Overnight Sentiment: And In Non-JPM News... Yes, believe it or not, there is a world outside of JPM in the past 12 hours, and it was very ugly: weak Chinese CPI, big miss in Chinese industrial output (+9.3%, Est. +12.2%), even bigger miss, actually make it a decline, in Indian factory Outupt (down -3.5%, est. +1.7%), a collapse in China's new local-currency loans plunging by 32% m/m in April, making a new money infusion paramount (yet ... Tax police visit JPM, Deutsche Bank, Intesa on MPS - sources MILAN/ROME (Reuters) - Italian tax police on Wednesday visited the offices of several local and foreign banks, including Intesa Sanpaolo , JP Morgan and Deutsche Bank , in connection with a probe into Banca Monte dei Paschi di Siena's 2007 purchase of Antonveneta, sources close to the matter said. The sources said none of the banks were under investigation. Proseuctors had earlier said they ... Is JPM Staring At Another $3 Billion Loss? "[The trading loss] plays right into the hands of a whole bunch of pundits...."                                                            - Jamie Dimon There are a lot of moving parts in the Dismal tale of Dimon's demise. The starting point is that Bruno Iksil in the JPMorgan CIO Office, under the premise of hedging the bank's credit portfolio's tail risk had placed various tranche trades ... Critical Alerts For JP Morgan, CA Technologies, St Jude Medical, Bed Bath & Beyond, and Sina Corp. Released By ... CHICAGO, May 10, 2012 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for JPM, CA, STJ, BBBY, and SINA.To see what our analysts have discovered about these stocks read the InvestorsObserver's ...
Key Words: jpm

References:
http://www.zacks.com/stock/news/74215/jpmorgan-to-pay-19m-in-damages
http://www.zacks.com/stock/news/74934/bofas-%24315m-settlement-approved
http://www.zacks.com/stock/news/74932/bofa-introduces-travel-credit-cards
http://feeds.bizjournals.com/~r/vertical_1/~3/Umu8rhZw6fA/hawaii-homeowners-to-start-getting.html
http://www.ibtimes.com/articles/339202/20120509/jpmogan-chase-co-jpm-liquid-prepaid-card.htm
http://www.zacks.com/stock/news/74734/wells-merlin-deal-raises-concern
http://www.zacks.com/stock/news/74636/colgate-notes-at-lowest-coupon-rate
http://www.zacks.com/stock/news/74635/financials-keep-markets-from-coming-unglued
http://feeds.bizjournals.com/~r/vertical_2/~3/L6YQjZN4U24/wells-fargo-pushes-home-lending.html
http://www.zacks.com/stock/news/74204/fed-auctions-out-aigs-bad-assets
http://www.zacks.com/stock/news/74106/wells-fargo-to-purchase-merlin
http://feeds.wsjonline.com/~r/wsj/deals/feed/~3/RaCAugzYHVM/
http://www.forbes.com/sites/zacks/2012/04/24/jpmorgan-chase-good-for-growth-dividend-is-sweet-icing/
http://www.forbes.com/sites/ycharts/2012/04/23/can-a-dividend-hike-be-insincere-goldmans-make-you-wonder-exxon-plays-no-games/
http://www.zacks.com/stock/news/73477/sxc-health-to-buy-catalyst-health
http://www.zacks.com/stock/news/73269/bofa-looks-to-sell-assets-again
http://pixelhat.net/

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