JPMorgan Chase (JPM)

Re: JPMorgan Chase (JPM)

Postby winston » Wed Jan 11, 2012 9:31 am

On Fast Money, CNBC:-

Is the worst over financials?

Lee said Jamie Dimon, CEO of JPMorgan, noted in an interview earlier in the day that his firm would consider buybacks.

Finerman said she would prefer buybacks over dividends, while Murphy complimented on Dimon on doing a great job steering a recovery of the financials and becoming the the face of the industry.

Source: The Street
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Re: JPMorgan Chase (JPM)

Postby iam802 » Fri Jan 13, 2012 10:13 pm

Source: Bloomberg
..
JPMorgan reported a fourth-quarter profit decline of 23 percent that matched analysts’ estimates as provisions for credit losses declined. Italy sold 3 billion euros ($3.8 billion) of bonds maturing in 2014 to yield 4.83 percent, compared with 5.62 percent at the previous auction. Data today may show U.S. consumer confidence is at a seven-month high, the median forecast in a Bloomberg survey of economists showed.

..
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Re: JPMorgan Chase (JPM)

Postby winston » Sun Jan 15, 2012 2:14 pm

JPMorgan could lose $5 bln from PIIGS exposure - rpt

MILAN (Reuters) - JPMorgan Chase & Co (JPM.N) could lose up to $5 billion from its exposure to Portugal, Ireland, Italy, Greece and Spain, Chief Executive Jamie Dimon said in an interview with Class CNBC.

Dimon said the bank was exposed to the five countries (PIIGS) to the tune of around $15 billion.

"We fear we could lose up to $5 billion ... We hope the worst won't happen, but even if it did happen, I wouldn't be pulling my hair out," he said.

Dimon said the recent extraordinary liquidity measures taken by the European Central Bank had been a good move.

"Banks will have to have more capital and sell assets, but at least they have liquidity," he said.

Dimon said JPMorgan had bought back shares last year for $8 billion. "I hope in 2012 we will do more or less the same."

Asked if the bank could take advantage of the problems facing Europe's banks and buy assets, he said, "we have already bought some assets and would like to possess others".


http://sg.finance.yahoo.com/news/jpmorg ... 46849.html
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Re: JPMorgan Chase (JPM)

Postby winston » Tue Mar 20, 2012 8:37 am

Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind

Rampant silver manipulation? Rampant gold manipulation? Rampant LIBOR manipulation? Hiding MF Global client assets?

These are all happening at JP Morgan according to an open letter reportedly written by an anonymous employee of the firm.

The whistleblower also warns of a “cascading credit event being triggered” by derivatives related to Greek government debt.

http://www.yolohub.com/trading/the-craz ... -your-mind
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Re: JPMorgan Chase (JPM)

Postby winston » Fri May 11, 2012 6:00 am

not vested

Down 5%.

US$2b of losses.

If this is happening to one of the better run banks, what about the rest ?

A lot of discussions about JPM using synthetic instruments.
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Re: JPMorgan Chase (JPM)

Postby iam802 » Fri May 11, 2012 4:38 pm

I read in this article that the CIO office manage $360 billion.

If we put things in perspective, is the loss really that great? 2/360 = 0.0055 ??

If you have $3600 to invest and you lose, $19.80, how?

==
http://www.bloomberg.com/news/2012-05-1 ... -loss.html
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Re: JPMorgan Chase (JPM)

Postby helios » Sun May 13, 2012 11:59 am

RE: JPM,

I'm wondering if we can scalp a trade via technical rebounce ... ... then, if we take a look at the chart the high volume of sellers on Friday which caused the gap down 9.3%, it might be wiser to step back and analyse the macro and technical together, I'd wait till about 32-ish if it ever comes ... believe there'd be news update from day to day ... since the market is desperate for more news on JPM ...

What do you think ?
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
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Re: JPMorgan Chase (JPM)

Postby winston » Tue May 15, 2012 6:20 am

An Ex-LTCM Trader Will Be Overseeing $70 Trillion In Derivatives by Tyler Durden

We wish to welcome former LTCM trader, and current TBAC chairman, Matt Zames to his new post as head of the world's biggest, government backstopped prop trading desk, with a hearty and sincere "good luck."

Because an ex-LTCMer in charge of ~$70 trillion in derivatives? Why, what can possibly go wrong...


http://www.zerohedge.com/news/ex-ltcm-t ... erivatives
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Re: JPMorgan Chase (JPM)

Postby kennynah » Tue May 15, 2012 9:24 am

some one in jpm just got burned..losses over usd2bil...she got sacked after some 30 years serving in jpm...too bad
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Re: JPMorgan Chase (JPM)

Postby iam802 » Tue May 15, 2012 7:59 pm

kennynah wrote:some one in jpm just got burned..losses over usd2bil...she got sacked after some 30 years serving in jpm...too bad



...and now, they are thinking about clawing back some bonuses!
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