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JPMorgan Chase & Co (JPM.N)

JPM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

JP Morgan Chase nearing settlement with prosecutors on Asia hiring probes - WSJ
Thursday, 21 Jul 2016 01:55pm EDT 

: JP Morgan Chase nearing settlement with prosecutors on Asia hiring probes - WSJ .JP Morgan expected to pay about $200 million to settle criminal, civil probes- WSJ, citing sources.  Full Article

JPMorgan Chase declares preferred stock dividend
Friday, 15 Jul 2016 04:16pm EDT 

Jpmorgan Chase & Co :JPMorgan Chase declares preferred stock dividend.  Full Article

JP Morgan Chase credit card charge-off and delinquency stats for June
Friday, 15 Jul 2016 06:16am EDT 

Jpmorgan Chase & Co : JP Morgan Chase & Co - Credit card charge-off rate 2.23 percent in June versus 2.44 percent in May - SEC filing .JP Morgan Chase & Co - Delinquency rate 1.12 pct at June end vs 1.12 pct at May end.  Full Article

JPMorgan Chase expects firmwide 2016 net interest income to be up about $2 bln plus
Thursday, 14 Jul 2016 06:50am EDT 

JPMorgan Chase & Co : Expect firmwide 2016 net interest income to be up about $2 billion+ YOY . Expect firmwide 2016 noninterest revenue to be about $50 billion, market dependent . Expect firmwide 2016 adjusted expense to be $56 billion +/- . Expect firmwide 2016 net charge-offs to be ≤$4.75 billion, with the YOY increase driven by both loan growth and oil & gas .Qtrly firm NII up $696 million YOY and relatively flat QOQ with NIM down 5 bps QOQ.  Full Article

JPMorgan Chase & Co Q2 EPS $1.55
Thursday, 14 Jul 2016 06:40am EDT 

JPMorgan Chase & Co : Reports Second Quarter 2016 net income of $6.2 billion, or $1.55 per share . Qtrly assets under management were $1.7 trillion, down 5% . Qtrly average core loans up 16% YOY and 3% QOQ . JPMorgan's Dimon says "JPMorgan chase continued to perform well in all of our major businesses" . Qtrly JPMorgan chase net revenue, managed, was $25.2 billion . Q2 return on tangible common equity 13 percent versus 12 percent in Q1 . Q2 earnings per share view $1.43, revenue view $24.16 billion -- Thomson Reuters I/B/E/S . Q2 adjusted expense of $14.1 billion versus $13.9 billion in Q1 . JPMorgan Chase & Co qtrly tangible book value per share $50.21, up 9% . Qtrly provision for credit losses was $1.4 billion, up from $935 million . quarter-End Basel III common equity tier 1 ratio 11.9 percent versus 11.7 percent in Q1 . quarter-End firm supplementary leverage ratio 6.6 percent versus 6.6 percent in Q1 . Q2 adjusted overhead ratio 56 percent versus 58 percent in Q1 . JPMorgan's Dimon says "outside of energy, both wholesale and consumer credit quality remained very good" . JPMorgan Chase & Co qtrly equity markets revenue was up 2% . In consumer & community banking, Q2 mortgage banking revenue was $1,921 million versus $1,833 million last year . Qtrly JPMorgan Chase net revenue on a reported basis totaled $24.4 billion Source (http://bit.ly/29yRi5J) Further company coverage: [JPM.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

JPMorgan CEO Jamie Dimon in NYT says to raise minimum pay for 18,000 workers
Tuesday, 12 Jul 2016 08:19am EDT 

:JPMorgan Chase CEO Jamie Dimon in NYT - over next three years, will raise minimum pay for 18,000 workers to $12 to $16.50 an hour.  Full Article

Danone is working with JpMorgan Chase and BNP Paribas to arrange funding to buy Whitewave foods- Bloomberg, citing sources
Thursday, 7 Jul 2016 02:41pm EDT 

:Danone is working with JpMorgan Chase and BNP Paribas to arrange funding for its $10 billion purchase of Whitewave foods- Bloomberg, citing sources.  Full Article

JPMorgan Chase & Co reports 1.4 pct passive stake in Emcore
Thursday, 7 Jul 2016 10:23am EDT 

: JPMorgan Chase & Co reports 1.4 pct passive stake in Emcore as of June 30, 2016 - SEC Filing . Jpmorgan Chase & Co previously reported 5.6 pct passive stake in Emcore Corp as of December 31, 2015 Source - http://bit.ly/29oKcp9 Further company coverage: [EMKR.O] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

JPMorgan Chase & Co reports 1.1 pct passive stake in Axiall
Thursday, 7 Jul 2016 10:21am EDT 

: JPMorgan Chase & Co reports 1.1 pct passive stake in Axiall as of June 30, 2016 - SEC Filing . JPMorgan Chase & Co previously reported 5.9 pct passive stake in Axiall Corp as of December 31, 2015 Source - http://bit.ly/29nfnfl Further company coverage: [AXLL.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

J.P. Morgan says warrant exercise price will be reduced to $42.136/shr
Friday, 1 Jul 2016 07:11am EDT 

Jpmorgan Chase & Co : Warrant exercise price will be reduced to $42.136 per share from $42.204 per share,effective as of the close of business on july 6 Source: (http://bit.ly/29dDoIC) Further company coverage: [JPM.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

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JPMorgan to stop settling government securities for dealers

NEW YORK JPMorgan Chase & Co will stop settling U.S. government securities transactions for most dealers by the end of next year as it streamlines its business, the bank said on Friday.