JPM Chase Sees Thaw; Dicey Loans Have Tripled
Tags: DIMON, Jamie; J.P. Morgan Chase & Co. -- Finance; BANK management; BAILOUTS (Finance); LOANS -- Management
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The article focuses on Jamie Dimon, Chief Executive Officer (CEO) of the financial services firm J.P. Morgan Chase. After being named CEO in 2006, Dimon focused on expanding the consumer banking operations of the company rather than investing in the complex derivative securities linked to...
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The article reports that JPMorgan Chase & Co. could capitalize on falling prices for subprime loans by buying them, as other companies appear eager to divest. Comments from James Dimon, chairman and chief executive, regarding the status of credit quality and subprime loans are presented. Details...
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- JPM May Face $4.5B in Legal Costs ... // American Banker;3/1/2011, Vol. 176 Issue 32, p2
Brief information is given about JPMorgan Chase & Co. which could be responsible for $4.5 billion in legal costs, according to information filed with the U.S. Securities and Exchange Commission.
- JPM Chase Fears Hit to Trading Revenue. // American Banker;9/14/2011, Vol. 176 Issue 142, p16
Brief information is given about the financial performance of JPMorgan Chase & Co. which will have about $1 billion in investment banking fees in third-quarter 2011.
- JPM Chase Takes Top Spot. Kline, Alan // American Banker;10/19/2011, Vol. 176 Issue 161, p16
The article announces JPMorgan Chase & Co. is the largest U.S. banking company in terms of assets and deposits, surpassing Bank of America Corp. according to third-quarter 2011 earnings reports, and notes the financial performance of Citigroup Inc. and Wells Fargo & Co.
- JPM Chase Reclassifies $1.6B of Mortgages at Urging of Regulators. Peters, Andy // American Banker;4/16/2012, Vol. 177 Issue 58, p5
The article mentions JPMorgan Chase reclassified $1.6 billion of its mortgages as delinquent or nonperforming loans which increased the company's total nonaccrual loans in first-quarter 2012 to $8.3 billion which is 14 percent more than a year earlier.
- JPM Chase Has Set the Bar, and It's Pretty Low. Monks, Matthew // American Banker;1/19/2010, Vol. 175 Issue 9, p1
The article examines the earnings statement for the fourth quarter of 2009 of the bank J.P. Morgan Chase. Although the company announced that its profits almost doubled compared to the same quarter of 2008, increasing losses in consumer loans such as credit cards caused the firm's stock price to...
- JPM Chase Agrees to Sempra Deal. // American Banker;2/17/2010, Vol. 175 Issue 25, p2
The article reports that financial services firm JPMorgan Chase & Co. agreed to pay $1.7 billion in cash for trading company RBS Sempra Commodities's assets.
