JP Morgan Chase & Co (JPM) 60.28 $JPM
Ocwen, Wells Fargo MSR-Related Deal Terminated - Analyst Blog
Zacks Equity Research - Zacks Investment Research - 35 mins ago
On Thursday, Wells Fargo & Co. (WFC) and Ocwen Financial Corp. (OCN) mutually cancelled the deal entered in Jan 2014 under which Ocwen was to buy residential mortgage-servicing rights (MSRs) on 1,84,000 loans with total principal balance of about $39 billion from Wells Fargo.
GS: 189.98 (-0.26), JPM: 60.28 (+0.05), OCN: 20.60 (-2.02), WFC: 53.35 (-0.04), MS: 35.69 (-0.15)
Wells Fargo to Sell FFELP Loans, Focus on Private Loans - Analyst Blog
Zacks Equity Research - Zacks Investment Research - 1 hr 6 mins ago
In tune with its efforts to focus more on the private student lending business, Wells Fargo & Company (WFC) is set to sell $8.5 billion of its Federal Family Education Loan Program ('FFELP'
loans to Navient Corporation (NAVI).
JPM: 60.28 (+0.05), ALLY: 23.46 (+0.26), WFC: 53.35 (-0.04), NAVI: 20.41 (-0.37)
Eye Best Mutual Funds Like Magellan For Great Stocks
at Investor's Business Daily - 1 hr 28 mins ago
Leery about picking stocks on your own? Novice traders with little knowledge or confidence to pick winning stocks may benefit by first seeing what great mutual funds are buying. Funds rule the market. After all, they spend millions, even billions, of...
KMX: 55.65 (-0.20), ACT: 243.77 (+2.14), APH: 50.86 (+0.15), JPM: 60.28 (+0.05), ALXN: 188.76 (-4.83), GOOGL: 555.19 (-1.25), BAC: 17.14 (-0.08), NXPI: 73.73 (+1.15), MSFT: 49.58 (-0.03), VZ: 51.50 (+0.30), AAPL: 114.18 (+1.36), UNP: 120.71 (+0.46)
JPMorgan Chase Declares Preferred Stock Dividend
Business Wire - Fri Nov 14, 3:15PM CST
JPMorgan Chase & Co. (NYSE:JPM) declared dividends on the outstanding shares of the following preferred stock issue:
JPM: 60.28 (+0.05)
Transwestern And Delta Associates Host 14th Annual Economic TrendLines® Event In Houston
PR Newswire - Fri Nov 14, 2:30PM CST
Transwestern today announces the 14th annual Houston TrendLines® event was held Nov. 13 at the River Oaks Country Club in partnership with its research affiliate, Delta Associates, and their sponsors, Chicago Title Commercial, D.E. Harvey Builders, JPMorgan Chase & Co., Kirksey Architecture, Amegy Bank and Locke Lord LLP.
JPM: 60.28 (+0.05)
Confidential Informant Comes Forward in $9B Settlement Involving JPMorgan Chase and Allegations of Securities Fraud, Parker Waichman LLP Comments
PRWeb - Fri Nov 14, 2:05PM CST
Parker Waichman LLP, a national law firm that represents whistleblowers in qui tam cases, comments that a whistleblower has come forward to discuss allegations involving JPMorgan Chase activities concerning its mortgage operations. The case is Federal Housing Finance Agency v. JPMorgan Chase & Co., 11-06188, U.S. District Court Southern District of New York (Manhattan).
JPM: 60.28 (+0.05)
Dow 30 Stock Roundup: Walmart, Cisco Post In-Line Results, Boeing Gets $8.5B Order - Analyst Blog
Swarup Gupta - Zacks Investment Research - Fri Nov 14, 1:29PM CST
The Dow had a largely positive week, but for Wednesday when it declined marginally.
T: 35.90 (+0.29), JPM: 60.28 (+0.05), XOM: 95.09 (+0.43), DIS: 90.80 (+0.31), WMT: 82.96 (+0.02), MSFT: 49.58 (-0.03), BA: 128.86 (+0.33), CVX: 116.32 (-0.13), CSCO: 26.32 (+0.64), XLV: 67.25 (-0.56), TV: 35.75 (+0.17)
Bank Stock Roundup: FX Fines Take a Toll; Citi, JPMorgan, Wells Fargo in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Nov 14, 1:24PM CST
Efforts by major banks to resolve litigation and probes pertaining to their business conduct remained the key trend over the last five trading days.
COF: 81.76 (+0.16), BBT: 37.43 (-0.15), JPM: 60.28 (+0.05), USB: 43.73 (-0.20), C: 53.38 (-0.06), BAC: 17.14 (-0.08), WFC: 53.35 (-0.04)
Primary Fixed Rate Mortgage Yields Drop 0.01% And Mortgage Servicing Values Close Mixed This Week
Donald van Deventer - at Seeking Alpha - Fri Nov 14, 12:44PM CST
CBG: 32.40 (-0.29), BBT: 37.43 (-0.15), PRU: 83.98 (-0.55), MTGE: 19.74 (+0.11), OCN: 20.60 (-2.02), C: 53.38 (-0.06), AGNC: 22.87 (+0.20), BAC: 17.14 (-0.08), WFC: 53.35 (-0.04), KEY: 13.35 (-0.10), NLY: 11.44 (+0.08), JPM: 60.28 (+0.05), USB: 43.73 (-0.20), NSM: 28.70 (+1.45), STI: 39.56 (-0.22), WAC: 16.59 (+0.01), PNC: 87.41 (-0.42), PHH: 23.89 (-0.08)
Bank Fines Total a Whopping $184 Billion With 174 Cases Still Left
at The Street - Fri Nov 14, 12:01PM CST
Banks, led by Bank of America and JPMorgan Chase, have paid $184 billion in fines since 2009 over 117 cases, but remain on the hook for another 174 cases.
CG: 29.60 (-0.09), JPM: 60.28 (+0.05), C: 53.38 (-0.06), WFC: 53.35 (-0.04), BAC: 17.14 (-0.08)
Plains GP Holdings, L.P. Announces Completion of Secondary Public Offering of Class A Shares
Business Wire - Fri Nov 14, 11:05AM CST
Plains GP Holdings, L.P. (NYSE: PAGP) today announced the completion of a secondary public offering of 69,000,000 Class A shares representing limited partner interests owned by Oxy Holding Company (Pipeline), Inc., which includes the full exercise of the underwriters' option to purchase additional Class A shares, at a price to the public of $25.00 per Class A share.
PAGP: 27.69 (-0.06), JPM: 60.28 (+0.05), MS: 35.69 (-0.15)
Consumers Shift to Big-Ticket Items -- So Is Confidence Finally Back?
at The Street - Fri Nov 14, 10:44AM CST
Consumers are spending on big-ticket items like cars and refrigerators instead of going to the mall. Here's why that's a bullish sign.
KSS: 57.12 (+1.05), HD: 98.24 (-0.76), RRGB: 68.51 (-0.38), JPM: 60.28 (+0.05), M: 62.05 (+0.48), LOW: 58.58 (-0.03), TIF: 102.39 (-0.92), KORS: 72.06 (+1.32), GPS: 39.51 (+0.27)
Tracking The Hotchkis & Wiley Value Opportunities Fund
IVI Guy - at Seeking Alpha - Fri Nov 14, 9:57AM CST
DOOR: 54.00 (+0.11), C: 53.38 (-0.06), BAC: 17.14 (-0.08), GLW: 20.41 (+0.06), ORCL: 40.84 (+0.12), JPM: 60.28 (+0.05), AIG: 53.90 (-0.60)
A Previously Tossed JPMorgan Chase Whistleblower Case Involving Allegations of Fraud is Being Re-Opened, Parker Waichman LLP Comments
PRWeb - Fri Nov 14, 9:51AM CST
Parker Waichman LLP, a national law firm that represents whistleblowers in qui tam cases, comments that a United States appeals court recently ruled that a lawsuit brought against JPMorgan Chase be re-opened and that the judge consider if the case should be permitted to continue under a more lenient standard of whistleblower protection. The case was filed by a former bank vice president who alleged that JPMorgan Chase disregarded warnings concerning potential fraud involving one of its clients; this, after exposure of the massive Ponzi scheme orchestrated by Bernard Madoff, according to an October 9, 2014 Daily Finance report. The case is Sharkey v. JPMorgan Chase & Co. et al., 2nd U.S. Circuit Court of Appeals, No. 13-4741.
JPM: 60.28 (+0.05)
Is It Time to Cut Bait on Banks Excluded from Apple Pay?
at The Street - Fri Nov 14, 9:12AM CST
Around 12,500 financial institutions are not in Apple Pay. Are they toast?
BCS: 14.54 (+0.11), EWBC: 36.92 (-0.34), RF: 10.17 (unch), AXP: 90.67 (-0.40), C: 53.38 (-0.06), RNST: 29.98 (-0.12), MTB: 124.94 (-0.42), WFC: 53.35 (-0.04), BAC: 17.14 (-0.08), KEY: 13.35 (-0.10), GOOG: 544.40 (-0.98), V: 248.84 (-2.08), COF: 81.76 (+0.16), JPM: 60.28 (+0.05), USB: 43.73 (-0.20), GOOGL: 555.19 (-1.25), PNC: 87.41 (-0.42), ZION: 29.14 (-0.14), AAPL: 114.18 (+1.36), MA: 84.05 (-0.15)
Livingston International promotes Matt Goodman to President, Global Trade Management
Business Wire - Fri Nov 14, 9:06AM CST
Today Livingston International announced that Matt Goodman, formerly Vice President of its Global Trade Management operation, has been appointed President of the division.
JPM: 60.28 (+0.05)
The Zacks Analyst Blog Highlights: Citigroup, JPMorgan Chase, Royal Bank of Scotland Group, Barclays and Bank of America
PR Newswire - Fri Nov 14, 8:30AM CST
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Citigroup Inc. (NYSE:C-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Royal Bank of Scotland Group plc (NYSE:RBS-Free Report), Barclays PLC (NYSE:BCS-Free Report) and Bank of America Corp. (NYSE:BAC-Free Report).
JPM: 60.28 (+0.05), RBS: 11.79 (+0.04)
Is Corruption on Wall Street Endemic or Does It Just Seem Like It Is?
John Maxfield, The Motley Fool - Motley Fool - Fri Nov 14, 7:16AM CST
"If a graduating MBA student were to ask me, 'How do I get rich in a hurry?' I would not respond with quotations from Ben Franklin or Horatio Alger, but would instead hold my nose with one hand and point with the other toward Wall Street." -- Warren...
JPM: 60.28 (+0.05), C: 53.38 (-0.06), BAC: 17.14 (-0.08)
Another Blow to Global Banks: Fined Billions for FX Manipulation - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Nov 13, 1:35PM CST
Amid the widespread global investigation by U.S., British and Swiss regulators into the alleged foreign exchange market manipulation, five major global banks have been fined $3.4 billion for such manipulation.
BCS: 14.54 (+0.11), JPM: 60.28 (+0.05), C: 53.38 (-0.06), HSBC: 50.27 (+0.12), BAC: 17.14 (-0.08), RBS: 11.79 (+0.04), UBS: 17.54 (unch)
Watch for Shares of JPMorgan Chase (JPM) to Approach Support at $59.93
Comtex SmarTrend(R) - Thu Nov 13, 12:24PM CST
Shares of JPMorgan Chase (NYSE:JPM) have bearishly opened below the pivot of $60.54 today and have reached the first support level of $60.25. Analysts will be watching for a cross of the next downside pivot targets of $59.93 and $59.32.
JPM: 60.28 (+0.05)
Ocwen, Wells Fargo MSR-Related Deal Terminated - Analyst Blog
Zacks Equity Research - Zacks Investment Research - 35 mins ago
On Thursday, Wells Fargo & Co. (WFC) and Ocwen Financial Corp. (OCN) mutually cancelled the deal entered in Jan 2014 under which Ocwen was to buy residential mortgage-servicing rights (MSRs) on 1,84,000 loans with total principal balance of about $39 billion from Wells Fargo.
GS: 189.98 (-0.26), JPM: 60.28 (+0.05), OCN: 20.60 (-2.02), WFC: 53.35 (-0.04), MS: 35.69 (-0.15)
Wells Fargo to Sell FFELP Loans, Focus on Private Loans - Analyst Blog
Zacks Equity Research - Zacks Investment Research - 1 hr 6 mins ago
In tune with its efforts to focus more on the private student lending business, Wells Fargo & Company (WFC) is set to sell $8.5 billion of its Federal Family Education Loan Program ('FFELP'
loans to Navient Corporation (NAVI). JPM: 60.28 (+0.05), ALLY: 23.46 (+0.26), WFC: 53.35 (-0.04), NAVI: 20.41 (-0.37)
Eye Best Mutual Funds Like Magellan For Great Stocks
at Investor's Business Daily - 1 hr 28 mins ago
Leery about picking stocks on your own? Novice traders with little knowledge or confidence to pick winning stocks may benefit by first seeing what great mutual funds are buying. Funds rule the market. After all, they spend millions, even billions, of...
KMX: 55.65 (-0.20), ACT: 243.77 (+2.14), APH: 50.86 (+0.15), JPM: 60.28 (+0.05), ALXN: 188.76 (-4.83), GOOGL: 555.19 (-1.25), BAC: 17.14 (-0.08), NXPI: 73.73 (+1.15), MSFT: 49.58 (-0.03), VZ: 51.50 (+0.30), AAPL: 114.18 (+1.36), UNP: 120.71 (+0.46)
JPMorgan Chase Declares Preferred Stock Dividend
Business Wire - Fri Nov 14, 3:15PM CST
JPMorgan Chase & Co. (NYSE:JPM) declared dividends on the outstanding shares of the following preferred stock issue:
JPM: 60.28 (+0.05)
Transwestern And Delta Associates Host 14th Annual Economic TrendLines® Event In Houston
PR Newswire - Fri Nov 14, 2:30PM CST
Transwestern today announces the 14th annual Houston TrendLines® event was held Nov. 13 at the River Oaks Country Club in partnership with its research affiliate, Delta Associates, and their sponsors, Chicago Title Commercial, D.E. Harvey Builders, JPMorgan Chase & Co., Kirksey Architecture, Amegy Bank and Locke Lord LLP.
JPM: 60.28 (+0.05)
Confidential Informant Comes Forward in $9B Settlement Involving JPMorgan Chase and Allegations of Securities Fraud, Parker Waichman LLP Comments
PRWeb - Fri Nov 14, 2:05PM CST
Parker Waichman LLP, a national law firm that represents whistleblowers in qui tam cases, comments that a whistleblower has come forward to discuss allegations involving JPMorgan Chase activities concerning its mortgage operations. The case is Federal Housing Finance Agency v. JPMorgan Chase & Co., 11-06188, U.S. District Court Southern District of New York (Manhattan).
JPM: 60.28 (+0.05)
Dow 30 Stock Roundup: Walmart, Cisco Post In-Line Results, Boeing Gets $8.5B Order - Analyst Blog
Swarup Gupta - Zacks Investment Research - Fri Nov 14, 1:29PM CST
The Dow had a largely positive week, but for Wednesday when it declined marginally.
T: 35.90 (+0.29), JPM: 60.28 (+0.05), XOM: 95.09 (+0.43), DIS: 90.80 (+0.31), WMT: 82.96 (+0.02), MSFT: 49.58 (-0.03), BA: 128.86 (+0.33), CVX: 116.32 (-0.13), CSCO: 26.32 (+0.64), XLV: 67.25 (-0.56), TV: 35.75 (+0.17)
Bank Stock Roundup: FX Fines Take a Toll; Citi, JPMorgan, Wells Fargo in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Nov 14, 1:24PM CST
Efforts by major banks to resolve litigation and probes pertaining to their business conduct remained the key trend over the last five trading days.
COF: 81.76 (+0.16), BBT: 37.43 (-0.15), JPM: 60.28 (+0.05), USB: 43.73 (-0.20), C: 53.38 (-0.06), BAC: 17.14 (-0.08), WFC: 53.35 (-0.04)
Primary Fixed Rate Mortgage Yields Drop 0.01% And Mortgage Servicing Values Close Mixed This Week
Donald van Deventer - at Seeking Alpha - Fri Nov 14, 12:44PM CST
CBG: 32.40 (-0.29), BBT: 37.43 (-0.15), PRU: 83.98 (-0.55), MTGE: 19.74 (+0.11), OCN: 20.60 (-2.02), C: 53.38 (-0.06), AGNC: 22.87 (+0.20), BAC: 17.14 (-0.08), WFC: 53.35 (-0.04), KEY: 13.35 (-0.10), NLY: 11.44 (+0.08), JPM: 60.28 (+0.05), USB: 43.73 (-0.20), NSM: 28.70 (+1.45), STI: 39.56 (-0.22), WAC: 16.59 (+0.01), PNC: 87.41 (-0.42), PHH: 23.89 (-0.08)
Bank Fines Total a Whopping $184 Billion With 174 Cases Still Left
at The Street - Fri Nov 14, 12:01PM CST
Banks, led by Bank of America and JPMorgan Chase, have paid $184 billion in fines since 2009 over 117 cases, but remain on the hook for another 174 cases.
CG: 29.60 (-0.09), JPM: 60.28 (+0.05), C: 53.38 (-0.06), WFC: 53.35 (-0.04), BAC: 17.14 (-0.08)
Plains GP Holdings, L.P. Announces Completion of Secondary Public Offering of Class A Shares
Business Wire - Fri Nov 14, 11:05AM CST
Plains GP Holdings, L.P. (NYSE: PAGP) today announced the completion of a secondary public offering of 69,000,000 Class A shares representing limited partner interests owned by Oxy Holding Company (Pipeline), Inc., which includes the full exercise of the underwriters' option to purchase additional Class A shares, at a price to the public of $25.00 per Class A share.
PAGP: 27.69 (-0.06), JPM: 60.28 (+0.05), MS: 35.69 (-0.15)
Consumers Shift to Big-Ticket Items -- So Is Confidence Finally Back?
at The Street - Fri Nov 14, 10:44AM CST
Consumers are spending on big-ticket items like cars and refrigerators instead of going to the mall. Here's why that's a bullish sign.
KSS: 57.12 (+1.05), HD: 98.24 (-0.76), RRGB: 68.51 (-0.38), JPM: 60.28 (+0.05), M: 62.05 (+0.48), LOW: 58.58 (-0.03), TIF: 102.39 (-0.92), KORS: 72.06 (+1.32), GPS: 39.51 (+0.27)
Tracking The Hotchkis & Wiley Value Opportunities Fund
IVI Guy - at Seeking Alpha - Fri Nov 14, 9:57AM CST
DOOR: 54.00 (+0.11), C: 53.38 (-0.06), BAC: 17.14 (-0.08), GLW: 20.41 (+0.06), ORCL: 40.84 (+0.12), JPM: 60.28 (+0.05), AIG: 53.90 (-0.60)
A Previously Tossed JPMorgan Chase Whistleblower Case Involving Allegations of Fraud is Being Re-Opened, Parker Waichman LLP Comments
PRWeb - Fri Nov 14, 9:51AM CST
Parker Waichman LLP, a national law firm that represents whistleblowers in qui tam cases, comments that a United States appeals court recently ruled that a lawsuit brought against JPMorgan Chase be re-opened and that the judge consider if the case should be permitted to continue under a more lenient standard of whistleblower protection. The case was filed by a former bank vice president who alleged that JPMorgan Chase disregarded warnings concerning potential fraud involving one of its clients; this, after exposure of the massive Ponzi scheme orchestrated by Bernard Madoff, according to an October 9, 2014 Daily Finance report. The case is Sharkey v. JPMorgan Chase & Co. et al., 2nd U.S. Circuit Court of Appeals, No. 13-4741.
JPM: 60.28 (+0.05)
Is It Time to Cut Bait on Banks Excluded from Apple Pay?
at The Street - Fri Nov 14, 9:12AM CST
Around 12,500 financial institutions are not in Apple Pay. Are they toast?
BCS: 14.54 (+0.11), EWBC: 36.92 (-0.34), RF: 10.17 (unch), AXP: 90.67 (-0.40), C: 53.38 (-0.06), RNST: 29.98 (-0.12), MTB: 124.94 (-0.42), WFC: 53.35 (-0.04), BAC: 17.14 (-0.08), KEY: 13.35 (-0.10), GOOG: 544.40 (-0.98), V: 248.84 (-2.08), COF: 81.76 (+0.16), JPM: 60.28 (+0.05), USB: 43.73 (-0.20), GOOGL: 555.19 (-1.25), PNC: 87.41 (-0.42), ZION: 29.14 (-0.14), AAPL: 114.18 (+1.36), MA: 84.05 (-0.15)
Livingston International promotes Matt Goodman to President, Global Trade Management
Business Wire - Fri Nov 14, 9:06AM CST
Today Livingston International announced that Matt Goodman, formerly Vice President of its Global Trade Management operation, has been appointed President of the division.
JPM: 60.28 (+0.05)
The Zacks Analyst Blog Highlights: Citigroup, JPMorgan Chase, Royal Bank of Scotland Group, Barclays and Bank of America
PR Newswire - Fri Nov 14, 8:30AM CST
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Citigroup Inc. (NYSE:C-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Royal Bank of Scotland Group plc (NYSE:RBS-Free Report), Barclays PLC (NYSE:BCS-Free Report) and Bank of America Corp. (NYSE:BAC-Free Report).
JPM: 60.28 (+0.05), RBS: 11.79 (+0.04)
Is Corruption on Wall Street Endemic or Does It Just Seem Like It Is?
John Maxfield, The Motley Fool - Motley Fool - Fri Nov 14, 7:16AM CST
"If a graduating MBA student were to ask me, 'How do I get rich in a hurry?' I would not respond with quotations from Ben Franklin or Horatio Alger, but would instead hold my nose with one hand and point with the other toward Wall Street." -- Warren...
JPM: 60.28 (+0.05), C: 53.38 (-0.06), BAC: 17.14 (-0.08)
Another Blow to Global Banks: Fined Billions for FX Manipulation - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Nov 13, 1:35PM CST
Amid the widespread global investigation by U.S., British and Swiss regulators into the alleged foreign exchange market manipulation, five major global banks have been fined $3.4 billion for such manipulation.
BCS: 14.54 (+0.11), JPM: 60.28 (+0.05), C: 53.38 (-0.06), HSBC: 50.27 (+0.12), BAC: 17.14 (-0.08), RBS: 11.79 (+0.04), UBS: 17.54 (unch)
Watch for Shares of JPMorgan Chase (JPM) to Approach Support at $59.93
Comtex SmarTrend(R) - Thu Nov 13, 12:24PM CST
Shares of JPMorgan Chase (NYSE:JPM) have bearishly opened below the pivot of $60.54 today and have reached the first support level of $60.25. Analysts will be watching for a cross of the next downside pivot targets of $59.93 and $59.32.
JPM: 60.28 (+0.05)
