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By MADLEN READ, AP Business Writer 1 hour, 4 minutes ago NEW YORK - JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.
Profit at the New York-b..
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1 hour, 19 minutes ago NEW YORK (Reuters) - JPMorgan Chase (JPM.N) agreed to allow bankrupt savings and loan Washington Mutual Inc's (WAMUQ.PK) parent company to access $4.4 billion of its funds that may be used to help pay creditors.
WaMu's parent com..
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By Elinor Comlay and Jonathan Stempel 21 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the st..
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11 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co's (JPM.N) quarterly profit fell 84 percent, due to mark-downs on underperforming loans, but the results still beat analysts' forecasts.
JPMorgan, whose shares slipped 2.5 percent in pre-market tra..
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1 hour, 41 minutes ago NEW YORK (Reuters) - The shares of JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N) and other banks rose Friday, in stark contrast with former investment banks Goldman Sachs Group Group Inc (GS.N) and Morgan Stanley (MS.N..
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39 minutes ago WASHINGTON (Reuters) - JPMorgan Chase & Co (JPM.N) is in advanced discussions to acquire Washington Mutual Inc (WM.N), a source familiar with the discussions said on Friday.
"They are in advanced talks," the source told Reuters.
The sou..
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By Jonathan Stempel 1 hour, 26 minutes ago NEW YORK (Reuters) - Morgan Stanley (MS.N) and JPMorgan Chase & Co (JPM.N) agreed to buy back billions of dollars of illiquid auction-rate securities and pay fines to settle charges that they misled investors a..
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12 minutes ago (Reuters) - Investment bank JPMorgan Chase & Co has incurred losses of about $1.5 billion since the start of July, hurt by turmoil in the credit and mortgage markets and by wider credit spreads and lower levels of liquidity, the company s..
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By Elinor Comlay 1 hour, 9 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Thursday that second-quarter profit fell more than 50 percent, hurt by $1.1 billion in write-downs at its investment bank, but the results beat expectations..
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Mon Jun 2, 5:30 AM ET (Reuters) - Former Bear Stearns Cos chief executive Alan Schwartz may not join JPMorgan Chase & Co (JPM.N) as non-executive vice chairman, the New York Post said on Monday, citing a source familiar with the matter.
Schwartz, 57, h..
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2 hours, 27 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Saturday it completed its $1.4 billion Bear Stearns Cos (BSC.N) takeover, capping the demise of a Wall Street firm that survived the Depression and numerous slumps in its 8..
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3 minutes ago NEW YORK (Reuters) - Bear Stearns' two top economists, David Malpass and John Ryding, will not join JPMorgan Chase & Co, which is in the process of acquiring Bear, a source familiar with the situation said on Friday.
It was not known whet..
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1 hour, 30 minutes ago NEW YORK (Reuters) - Bear Stearns Cos Inc (BSC.N) shareholders approved the sale of the company to JPMorgan Chase & Co (JPM.N) on Thursday, a JPMorgan spokesman said.
In March, Bear Stearns agreed to sell itself in a deal now wor..
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By Joseph A. Giannone 1 hour, 15 minutes ago NEW YORK (Reuters) - More than 7,600 Bear Stearns Cos' (BSC.N) employees, about 55 percent of its staff, are expected to lose their jobs as the troubled investment bank is absorbed into JPMorgan Chase & Co (J..
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15 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments ass..
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By Joseph A. Giannone 23 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the U.S. economy could still face..
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Sat May 3, 11:52 AM ET FRANKFURT (Reuters) - JPMorgan Chase & Co (JPM.N) does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday.
"We can only spec..
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Thu Apr 17, 1:33 AM ET NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) is to sell $6 billion in non-cumulative perpetual preferred shares, according to a report in International Financing Review, a Thomson publication.
Pricing could be decided on Wedn..
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By Jonathan Stempel and Joseph A. Giannone 49 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) posted first-quarter results that soothed investors who had counted on the giant banks to handle the U.S. housing and..
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8 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N), the third-largest U.S. bank, said on Wednesday quarterly profit fell 50 percent, hurt by writedowns for leveraged loans and mortgages and because it set aside more money for loan losses.
F..
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