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JPMorgan Chase & Co (JPM.N)

JPM.N on New York Stock Exchange

87.29USD
24 Mar 2017
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$-0.10 (-0.11%)
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Latest Key Developments (Source: Significant Developments)

JPMorgan sees firmwide 2016 adjusted expense to be about $56 bln
Friday, 14 Oct 2016 07:00am EDT 

JPMorgan Chase & Co : Sees firmwide Q4 net interest income to be up modestly Q-o-Q on continued strength in loan growth . Sees firmwide 2016 adjusted expense to be about $56 billion with Q4 adjusted expense approximately flat Y-o-Y . Sees corporate & investment bank Q4 securities services revenue to be about $875 million, market dependent . Sees firmwide 2016 net charge-offs to be less than or equal to $4.75 billion, with Y-o-Y increase driven by both loan growth, oil & gas . Quarterly firm NII up $700 million Y-o-Y and $250 million Q-o-Q with NIM relatively flat Q-o-Q . Quarterly fixed income markets revenue of $4.3 billion, up 48 percent . In corporate & investment bank, expects Q4 securities services revenue to be about $875 million, market dependent Source: http://bit.ly/2doPbFG Further company coverage: [JPM.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

JPMorgan Chase Q3 earnings per share $1.58
Friday, 14 Oct 2016 06:43am EDT 

JPMorgan Chase & Co : JPMorgan Chase reports third-quarter 2016 net income of $6.3 billion, or $1.58 per share . Qtrly average core loans up 15 percent Y-O-Y and 2 percent Q-O-Q . Quarter-end Basel III common equity Tier 1 ratio 11.9 percent versus 11.9 percent at Q2-end . Qtrly return on tangible common equity 13 percent versus 13 percent in Q2 . Q3 tangible book value per share $51.23, up 8 percent . JPMorgan's Dimon says "we delivered strong results this quarter with each of our businesses performing well" . Qtrly JPMorgan Chase net revenue was $25.5 billion, up 8 percent . Q3 earnings per share view $1.39, revenue view $24.00 billion -- Thomson Reuters I/B/E/S . Q3 adjusted expense of $14.5 billion versus $14.1 billion in Q2 . Q3 adjusted overhead ratio 57 percent versus 56 percent in Q2 . In Consumer & Community Banking, quarterly mortgage banking net revenue was $1.9 billion, up 21 percent . Qtrly equity markets revenue was up 1 percent .Quarter-end assets under management were $1.8 trillion, up 4 pecrent.  Full Article

Jpmorgan chase reports 11.4 percent passive stake in Coty Inc
Thursday, 6 Oct 2016 03:44pm EDT 

Coty Inc :Reports 11.4 pct passive stake in Coty Inc as of Sept 30, 2016 - SEC filing.  Full Article

BRIEF-JP Morgan's Dimon says there is no reason that Deutsche Bank shouldn't get over its problems -CNBC
Monday, 3 Oct 2016 03:39pm EDT 

Corrects headline to add source.: JP Morgan's Jamie Dimon on Deutsche Bank - 'There is no reason that Deutsche Bank shouldn't get over its problems" - CNBC ((Bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

Walmart to process payments through Chasenet
Thursday, 22 Sep 2016 09:02am EDT 

JPMorgan Chase & Co : Chasenet offers businesses guaranteed, fixed-rate pricing for chase visa credit and debit payments for term of contract . Walmart to process payments through Chasenet .Expanded relationship with Walmart to process payments on Chasenet, at 5,000+ Walmart, Sam's Club locations in U.S., at Sam's Club ecommerce.  Full Article

JPMorgan Chase declares quarterly dividend of 48 cents/share
Tuesday, 20 Sep 2016 04:15pm EDT 

Jpmorgan Chase & Co: JPMorgan Chase declares common stock dividend .Declared a quarterly dividend of 48 cents per share on the outstanding shares of the common stock of JPMorgan Chase.  Full Article

JP Morgan Asset Mgmt obtains wholly foreign-owned asset management business license in Shanghai
Tuesday, 6 Sep 2016 01:34am EDT 

J.P. Morgan Asset Management said on Tuesday: It has obtained a business license approval from the Market Supervision Administration of China (Shanghai) Pilot Free Trade Zone to incorporate JPMorgan Asset Management (Shanghai) Ltd . Entity will be wholly-owned by J.P. Morgan in China . JPMAM is the first asset management company to be approved to establish an Asset Management Wholly Foreign-Owned Enterprise in Shanghai . JPMAM business scope includes asset management, investment management, investment consulting, and various other general consultancies . Reuters reported on Sept. 1 issuance of the business license, citing a notice on the website of the Shanghai Industry and Commerce Administration [nL3N1BD43U] Further company coverage: [JPM.N] (Reporting By Matthew Miller) ((matthew.miller1@thomsonreuters.com;)).  Full Article

Jpmorgan Chase & Chase launches first end-to-end digital car-buying service for customers
Thursday, 25 Aug 2016 04:54pm EDT 

J.P. Morgan Chase & Co : J.P. Morgan Chase & Chase launches first end-to-end digital car-buying service for customers . New service is now available to existing chase customers in select U.S. States . Chase Auto Direct is currently available to existing Chase customers in 30 U.S. states, to roll out further in phases through early 2017 .Launch of Chase Auto Direct, which "lets chase customers shop for a car and secure financing" through computer or smartphone.  Full Article

JPMorgan, FDIC, Deutsche Bank settle Washington Mutual suit
Friday, 19 Aug 2016 05:16pm EDT 

Jpmorgan Chase & Co : As previously disclosed JPMorgan Chase Bank N.A. signed term sheet with Deutsche Bank National Trust Co, Federal Deposit Insurance . August 19, parties executed and delivered definitive agreements resolving outstanding disputes between JPMorgan Chase Bank and FDIC . Settlement will also result in dismissal of four WMB-related actions pending in U.S. District Court for District Of Columbia . Under terms of settlement, JPMorgan Chase Bank will also release all of its indemnity and other claims against WMB receivership estate . Settlement will result in dismissal of four WMB-related actions pending in U.S. District Court for District Of Columbia to which firm, FDIC are parties .JPMorgan Chase Bank N.A. to release indemnity, claims against WMB receivership estate, including more than $1 billion in claims relating to WMB deal.  Full Article

Jury finds former investment banker Sean Stewart guilty in insider trading case
Wednesday, 17 Aug 2016 10:12am EDT 

: Jury finds former investment banker sean Stewart guilty of conspiracy in insider trading case, verdict still being read--hearing . Jury finds Stewart guilty on all nine counts he faced, including securities fraud . Verdict was read in Manhattan federal court.  Full Article

More From Around the Web

MOVES-JPMorgan Asia equity capital markets head leaves -IFR

HONG KONG, March 24 JPMorgan Chase & Co's head of equity capital markets in Asia excluding Japan, David Suen, has left the U.S. bank, IFR reported on Friday, citing an internal memo.