JPMorgan Chase (JPM)

Re: JPMorgan Chase (JPM)

Postby iam802 » Tue Jun 08, 2010 7:01 pm

JPMorgan coal hole

$250M trading bust a Dimon mine miss


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Re: JPMorgan Chase (JPM)

Postby winston » Wed Jul 14, 2010 1:16 pm

Not vested.

J.P. Morgan Chase & Co. (JPM), reports on Thursday July 15th before the market opens. JPM is a financial holding company, providing various financial services worldwide. It is the third DJIA component to report.

Thomson Reuters has estimates of $0.72 EPS and $25.96 billion in revenues. For the next quarter, estimates are $0.81 EPS and $25.89 billion in revenues; for the fiscal year its estimates are $3.12 EPS and about $105.8 billion in revenues.

Competitors include Bank of America (BAC) and Citigroup (C).

Source: thestockenthusiast.com
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Re: JPMorgan Chase (JPM)

Postby millionairemind » Thu Jul 15, 2010 7:16 pm

Jul 15, 2010
JPMorgan Q2 earnings rise
NEW YORK- JPMORGAN Chase & Co posted higher second-quarter earnings on Thursday after setting aside less money for loan losses.

The second-largest US bank by assets said earnings jumped to US$4.8 billion (S$6.6 billion), or US$1.09 a share, from US$2.7 billion, or 28 US cents a share, in the year-earlier period.

Analysts on average expected earnings of 67 US cents a share, according to Thomson Reuters. It could not immediately be determined if that figure directly compared to the US$1.09 the bank posted.

JPMorgan reported a benefit of US$1.5 billion after trimming its loan loss reserves in the quarter.

US stock index futures rose following the earnings report by the bank, a component of the Dow Jones industrial average.

JPMorgan shares closed down 13 US cents at US$40.35 on Wednesday. The shares are down 3 per cent this year. - REUTERS
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Re: JPMorgan Chase (JPM)

Postby winston » Sun Jan 09, 2011 5:32 am

Not vested

On Friday, JPMorgan Chase(JPM) is expected to post a profit of 99 cents a share, according to Briefing.com.


Source: thestreet.com
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Re: JPMorgan Chase (JPM)

Postby winston » Fri Jan 14, 2011 9:22 pm

Not vested. I guess there are many ways to play with the numbers. As for myself, I also focus on the revenue and it's not that great ..

JPMorgan profit beats, helped by reserve release

Jan 14, 2011 08:10 EST

NEW YORK (Reuters) - JPMorgan Chase & Co reported higher-than-expected quarterly earnings, helped by narrowing losses on bad loans that allowed it to release $2 billion in reserves.

JPMorgan, the first of the major U.S. banks to report earnings for the fourth quarter, said profit increased to $4.8 billion, or $1.12 a share, from $3.3 billion, or 74 cents a share, a year earlier. Analysts on average expected $1 a share, according to Thomson Reuters I/B/E/S.

"Although we continue to face challenges, there are signs of stability and growth returning to both the global capital markets and the U.S. economy," said Chief Executive Jamie Dimon.

Fewer bad loans meant the bank could reduce loan loss reserves for its credit card unit by $2 billion, or 30 cents a share after tax.

"The loan-loss reserves are something that bugs me," said Matt McCormick, portfolio manager and banking analyst at Bahl & Gaynor. "I would love to see a bank hit their numbers without taking from loan-loss reserves for once," he added.

The bank benefited from a turnaround in its retail banking unit, which reported a profit of $708 million compared with a loss of $399 million in the year-earlier quarter.

Revenue increased 6 percent to $26.7 billion.

The bank's shares fell 20 cents to $44.25 in premarket trading.

Source: Reuters US Online Report Top News
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Re: JPMorgan Chase (JPM)

Postby winston » Wed Jan 19, 2011 8:18 pm

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The More Americans That Go On Food Stamps, The More Money JP Morgan Makes By Michael Snyder

JP Morgan (JPM: 44.75 0.00 0.00%) is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia.

JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes.

Yes, you read that correctly. When the number of Americans on food stamps goes up, JP Morgan makes more money.

http://www.dailymarkets.com/stock/2011/ ... gan-makes/
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Re: JPMorgan Chase (JPM)

Postby winston » Fri Apr 08, 2011 11:36 am

JPMorgan CEO Dimon’s Pay Jumps to $20.8 Million

NEW YORK (Reuters) - After piloting the No. 2 U.S. bank through the financial crisis relatively unscathed, JPMorgan Chase & Co <JPM.N> Chief Executive Officer Jamie Dimon is now being extremely well rewarded.

Source: Reuters
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Re: JPMorgan Chase (JPM)

Postby winston » Wed Apr 13, 2011 8:21 pm

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JPMorgan profit up 67 percent; shares rise

NEW YORK (Reuters) - JPMorgan Chase & Co posted a 67 percent increase in first-quarter earnings, topping Wall Street expectations, as it set aside less money to cover bad loans.

But the news was not all positive for the second-largest U.S. bank. It said it was still suffering from high mortgage losses. The bank's book of consumer loans shrank by 10 percent in the quarter, and loans to companies did not rise enough to offset that.

But the results were good enough to lift JPMorgan shares 1.2 percent in premarket trading. JPMorgan is the first of the big banks to post quarterly results, and its earnings often give investors a hint of what to expect from other financial companies.

"These were good numbers. They beat estimates, but not massively. I think the financial sector generally is holding up but is not performing quite as well as we would like to see," said Peter Dixon, an economist at Commerzbank in London.

JPMorgan said it earned $5.56 billion, or $1.28 a share, up from $3.33 billion, or 74 cents a share, in the same quarter last year.

Wall Street analysts, on average, had expected $1.16 per share.

The bank set aside just $1.17 billion to cover bad loans, down from $7.01 billion a year earlier.

Chief Executive Jamie Dimon is often credited with skillfully piloting his bank through the financial crisis, but many investors are now looking for signs of revenue growth.

In recent quarters, the bank has boosted profit mainly by setting aside less money to cover credit losses, rather than by generating more money from new customers.

Pre-provision profit, a measure of how much money the bank earns before accounting for credit losses, fell 20 percent to $9.23 billion. Loans on the bank's books fell 4 percent to $686 billion, indicating demand for loans is tepid compared with how quickly existing loans are being repaid.

"The key is loan growth," said Adrian Cronje, chief investment officer at wealth management firm Balentine in Atlanta. "That's what will ultimately turn this recovery into a durable expansion, but it seems like that's not yet happening."

JPMorgan's investment banking profits fell to $2.37 billion from $2.47 billion a year earlier.



Source: Reuters US Online Report Top News
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Re: JPMorgan Chase (JPM)

Postby winston » Wed Oct 12, 2011 9:49 pm

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JP Morgan (JPM) will release its earnings before the market opens on Thursday, October 13th.

JPM is one of the largest banks in the United States and often considered a leader in the banking and financial services sectors.
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Re: JPMorgan Chase (JPM)

Postby winston » Thu Oct 13, 2011 8:48 pm

JPMorgan Q3 net slips; shares lower in premarket by David Henry

(Reuters) - JPMorgan Chase & Co's third-quarter earnings fell 4 percent as the European debt crisis pushed investment banking clients to the sidelines, but results were helped by an accounting gain the bank can take when markets are in turmoil.

Excluding that gain, JPMorgan's earnings dropped about 25 percent. Shares of the second-biggest U.S. bank fell 1.5 percent to $32.70 in premarket trading Thursday.

JPMorgan said earnings were $4.3 billion, or $1.02 per share, down from $4.4 billion, or $1.01 per share, in the same quarter last year. The bank's outstanding share count fell 3 percent because the company bought back stock.

"All things considered, we believe the firm's returns were reasonable given the current environment," Chief Executive Jamie Dimon said in a statement.

The results were muddied by adjustments for the market value of the bank's debt, which gave it a $1.9 billion pre-tax gain. When the bank's debt weakens relative to U.S. Treasuries, it can record an accounting gain.

Wall Street analysts had estimated on average that the bank earned 91 cents a share. It was not clear if the bank's results were comparable with that estimate.

JPMorgan bought back $4.4 billion of stock during the quarter.

Morgan Stanley and Goldman Sachs Group Inc are due to report third-quarter results next week.

JPMorgan's investment banking fees were down 31 percent from a year earlier to $1 billion. Revenue from stock and bond trading was down 14 percent, not counting the accounting gain from the weakening of the bank's debt.

Source: Reuters US Online Report Top News

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