JPMorgan Chase (JPM)

Re: JPMorgan Chase (JPM)

Postby winston » Thu Jan 14, 2010 7:18 pm

Expectation is very high. Let's see whether they can deliver. The bomb-shell by Soc Gen was not expected..

JPMorgan Earnings May Have Tripled on Investment-Banking Fees By Elizabeth Hester

Jan. 14 (Bloomberg) -- JPMorgan Chase & Co., the first of the largest U.S. banks to report fourth-quarter results, may say profit more than tripled from the depths of the financial crisis in 2008 on a rebound in investment-banking fees.

Earnings at the New York-based company, which plans to report results tomorrow, were probably about $2.57 billion, or 60 cents a share, according to the average estimate of 22 analysts surveyed by Bloomberg. That compares with net income of $702 million, or 7 cents, in the fourth quarter of 2008.

Chief Executive Officer Jamie Dimon, who never posted a loss during the financial crisis, is offsetting declines in mortgage banking and credit cards with income from underwriting stocks and bonds. His success in weathering the global credit contraction may allow JPMorgan to restore its dividend to pre- crisis levels before other major banks.

http://www.bloomberg.com/apps/news?pid= ... RHaX6b8tWY
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Re: JPMorgan Chase (JPM)

Postby winston » Thu Jan 14, 2010 8:25 pm

Not vested. Expectations is high. Let's see whether it's another Soc Gen and spring a surprise ...

JPMorgan Earnings May Have Tripled on Investment-Banking Fees Share By Elizabeth Hester

Jan. 14 (Bloomberg) -- JPMorgan Chase & Co., the first of the largest U.S. banks to report fourth-quarter results, may say profit more than tripled from the depths of the financial crisis in 2008 on a rebound in investment-banking fees.

Earnings at the New York-based company, which plans to report results tomorrow, were probably about $2.57 billion, or 60 cents a share, according to the average estimate of 22 analysts surveyed by Bloomberg. That compares with net income of $702 million, or 7 cents, in the fourth quarter of 2008.

Chief Executive Officer Jamie Dimon, who never posted a loss during the financial crisis, is offsetting declines in mortgage banking and credit cards with income from underwriting stocks and bonds. His success in weathering the global credit contraction may allow JPMorgan to restore its dividend to pre- crisis levels before other major banks.

http://www.bloomberg.com/apps/news?pid= ... RHaX6b8tWY
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Re: JPMorgan Chase (JPM)

Postby kennynah » Fri Jan 15, 2010 8:02 pm

JPM posts Q4 EPS of 74cts vs 6cts last year

JPMorgan Chase Q4 Profit Surges - Quick Facts
1/15/2010 7:08 AM ET


(RTTNews) - JPMorgan Chase & Co. (JPM: News ) reported fourth-quarter net income of $3.28 billion, compared to net income of $702 million in the fourth quarter of 2008. Earnings per share were $0.74, compared to $0.06 in the fourth quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

On reported Basis, total net revenues were $23.16 billion, up from $17.23 billion in the prior year quarter. On a managed basis, total net revenues were $25.24 billion, compared to $19.11 billion in the prior year quarter. Eight analysts had consensus revenue estimate of $26.80 billion for the quarter.

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Re: JPMorgan Chase (JPM)

Postby winston » Fri Jan 15, 2010 8:37 pm

Revenue is below expectation. Stock falling ? May not be a good day for the market ...

JPMorgan Chase profit soars on market rally

JPMorgan Chase 4th-qtr profit tops expectations as bank again cashes in on market rally

STEPHEN BERNARD
AP News

JPMorgan Chase has extended the winning streak for big U.S. banks.

The banking giant says Friday it earned $3.28 billion during the final three months of 2009, primarily because its investment banking and trading businesses were still profiting from a 10-month market rally. The company again added to its reserves for failed loans during the quarter, but its other businesses enabled it to more than overcome the continuing weakness in lending.

The market rally also allowed JPMorgan to give big bonuses to its employees. Compensation costs, which include salaries, bonuses and benefits rose 18 percent in 2009, although the company cut its work force by 1 percent during the year.

JPMorgan Chase earned 74 cents per share, easily topping analysts expectations of 61 cents. Total revenue fell below expectations, however, and the company's stock fell in pre-opening trading.

Source: AP News
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Re: JPMorgan Chase (JPM)

Postby kennynah » Fri Jan 15, 2010 8:40 pm

indeed...JPM is taking a tumble ... 2 hours to go.... but if stays like this... sentiments will weigh heavy today on this options expiration friday....
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Re: JPMorgan Chase (JPM)

Postby iam802 » Fri Mar 26, 2010 10:06 pm

RBS Sempra Commodities to sell its Metals, Oil and European Energy businesses to J.P. Morgan

http://www.investors.rbs.com/news/relea ... eID=444396

16 February 2010

The Royal Bank of Scotland Group plc (RBS) today announces that RBS Sempra Commodities (RBSSC) has agreed to sell its Metals, Oil and European Energy business lines to J.P. Morgan. The deal will see J.P. Morgan acquire these activities for a total cash consideration of $1.7bn of which RBS's share post partner distributions is approximately 47%. Completion of the transaction is subject to certain conditions including regulatory approvals.



Bruce Van Saun, RBS Group Finance Director, said: "We are pleased to have expeditiously reached agreement on the divestment of these unique assets. We believe we have struck a fair price and contract with J.P. Morgan. The remaining assets in RBSSC, namely the North American Power and Gas businesses, remain of high value and are performing well. Along with our JV partner, Sempra Energy, we continue to actively consider various ownership alternatives for the remainder of RBSSC. In the meantime, RBS Sempra Commodities will continue to support its North American Power and Gas clients with the same range of products and services and outstanding customer service they are accustomed to".

The consideration represents a premium of $468m to the estimated tangible net assets for these business lines as of 30 November 2009. After goodwill and reserves, RBS expects to report a small gain for this transaction. The gross assets to be disposed of are $17 billion (unaudited) at 30 November 2009. The pre-tax profit attributable to those assets for the 11 months to 30 November 2009 was $300 million (unaudited), which will be distributed in line with agreed profit sharing arrangements. Net cash proceeds to RBS from the sale will be used to repay short-term borrowings, while the net impact on the RBS core tier one capital ratio on completion is expected to be slightly positive.
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Re: JPMorgan Chase (JPM)

Postby kennynah » Wed Apr 14, 2010 9:10 pm

i'm surprised no one posted about JPM's sterling 1Q results....they just made billions :!: :!: ...
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Re: JPMorgan Chase (JPM)

Postby millionairemind » Wed Apr 14, 2010 9:14 pm

Per your request.. :D

April 14, 2010, 7.45 pm (Singapore time)

JP Morgan posts surging earnings


WASHINGTON - JPMorgan Chase on Wednesday reported a hefty jump in earnings to US$3.3 billion in the first quarter.

The New York-based financial giant said the increase compares with US$2.1 billion in earnings in the first quarter of 2009, a 54 per cent increase.

'The firm's net income of US$3.3 billion reflected another strong quarter,' said Chief Executive Jamie Dimon, who saw solid performance at the bank's troubled investment arm, as well as other branches.

'Unfortunately, these good results were partially offset by high losses in the consumer credit portfolios,' he said. -- AFP
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Re: JPMorgan Chase (JPM)

Postby kennynah » Wed Apr 14, 2010 9:56 pm

thank you sir :!: :!: 8-)
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Re: JPMorgan Chase (JPM)

Postby kennynah » Thu Jun 03, 2010 6:09 pm

JPM got fined by FSA for 33.3mil pounds...
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